Thursday 29 June 2017

#AOJQuote of the day 29th June 2017:

“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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