The thought behind bringing the GST is good but there is no clear roadmap for implementation. Already jewellery industry is in bad shape and the reason behind it is that the karigars don’t have money and business at the moment. While making jewellery it passes many hands and moves between 10-15 locations; it is impossible for these karigars to get paperwork done at all levels. Under GST, right from the bullion purchase to jewellery selling paper work and bills are needed; how would these karigars get it? I think GST would be like demonetisation and pull down the industry-especially small goldsmiths and benefit big retailers. Only the big retailers will benefit,” Samsu Alam, MD, Swarnashilpi Jewellery Manufacturing Hub.
A GST seminar was organised by KJF at Bangalore on 25th June for its members. All the presidents and office bearers of the Karnataka State districts were present at the occasion. READ MORE
“We at GJF as a national trade body embarked upon a nationwide programme for jewellers to impart knowledge and application of GST in their business. We urge our jeweller community to exercise utmost preparedness and start migrating to the GST regime, with the help of Adhigam Software and start complying with the new tax regime.” Nitin Khandelwal, Chairman, GJF INDIA
All India Gems and Jewellery Trade Federation (GJF) national nodal trade body for the promotion and growth of trade in gems and jewellery across India is planning for its series of GST seminars in Mumbai. Read MORE