“The industry wants
the government to clarify the definitions of various works and positions of
each entity–artisan, retailer, wholesaler–in the jewellery value chain so that
their respective GST liabilities are known. This is important because under the
current tax regime a business transaction is categorised as a sale or a
purchase while under the new regime it would be about supply of goods.” Nitin
Khandelwal, president, All India Gems & Jewellery Trade Federation (GJF).
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