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GST ON ROUGH DIAMONDS
22k gold rate today: Check 24k, 22k, 18k gold prices (May 15, 2026) on Malabar Gold & Diamonds, Joyalukkas, Tanishq, Kalyan Jewellers and IBJA- GST evasion of Rs 1.88 lakh cr detected by CGST officers during April-Dec 2024
- Budget 2024: GJEPC suggests safe harbour for sale of rough diamonds in Special Notified Zones
- GJEPC suggests introduction of repair policy, cut in import dutyColin Shah, Chairman, GJEPC expressed confidence that with the support of the government, the sector will achieve its target of USD 70 bill...07 Sep, 2021, 05.18 PM IST
- GJEPC seeks reduction in import duty in BudgetThe council has urged to reduce the import duty on gold, silver and platinum from 12.5 per cent to 4 per cent.21 Jan, 2020, 03.57 PM IST
- In first-ever GST raid, 90 jewellery parcels confiscatedMumbai GST Commissioner, KN Raghavan, confirmed that the parcels, which came in from Gujarat, were seized as they may have been sourced and...05 Jan, 2018, 11.34 AM IST
- Indian diamonds are back in demand in China, USPrices of polished stones have risen 4% in the past fortnight; Surat traders happy.29 Nov, 2017, 03.40 PM IST
- Why GST is a relatively small poll issue for Surat's tradersTraders in Surat are more likely to be swayed away from the BJP by the Patidar quota issue than by the “temporary” impact of GST.19 Nov, 2017, 12.00 AM IST
- Gems and jewellery export shrinks 8.12% in April-AugustThe drop in shipments is mainly due to negative growth in export of gold jewellery, gold medallions and coins and rough diamonds.02 Oct, 2017, 01.52 PM IST
- India, say hello to GST! Biggest-ever tax reform comes into effectGST replaces more than a dozen levies with a new tax. That should help reduce the immense power India’s myriad middlemen wield at state bor...29 Sep, 2017, 01.30 PM IST
- GST regime affects small diamond units in GujaratDamjibhai Mavani, secretary of Surat Diamond Association, said, “It will take at least a year to put things in order. This is the problem o...31 Jul, 2017, 01.31 PM IST
- Rough diamonds dull in US, glitters in IndiaBoth diamond and gold jewellery has shown good demand in India28 Jun, 2017, 09.58 AM IST
- Diamond industry seeks GST waiver on supply of stones meant for exportThe supply to a job worker doesn't attract any GST, but there's a 5% levy on labour for precious stones.19 Jun, 2017, 08.45 AM IST
- Diamond industry seeks waiver of GST on supply of stones meant for exportThis comes days after the GST Council created a separate, 3% slab for precious metals and diamonds, giving into industry demands for a lowe...17 Jun, 2017, 09.45 PM IST
- GJEPC seeks GST exemption or flat 0.25% rate on labour charges for polished diamondsThe logic is that value-addition done by karigars (labourers) accounts for 70-80% of the value of the polished stone and this could have a ...08 Jun, 2017, 06.19 PM IST
- Government should reconsider GST on rough diamonds: GJEPC"It is difficult for gems and jewellery exporters to pay 0.25 per cent and then initiate process for refunds, etc," GJEPC Chairman Praveens...05 Jun, 2017, 08.54 PM IST
- GST on rough diamonds will hurt India’s edgeUnviable: Owing to thin margins, businesses will have to re-evaluate the viability of cutting and polishing activity in India, claim export...05 Jun, 2017, 09.45 AM IST
- 3 per cent GST on gold to hit unorganised sector, say industry expertsOn June 2, the GST Council fixed a GST rate of 3 per cent on silver, gold jewellery and processed diamonds, which is higher than the indust...04 Jun, 2017, 11.55 PM IST
- GST: Customers could end up paying more tax on jewellery makingGems & Jewellery Federation is requesting that GST be applicable at the time of sale, in addition to applying GST at 3% on job work, its ch...03 Jun, 2017, 09.41 PM IST
- GST fear grips gem exportersThe govt should provide unique numbers to diamond traders, says Gem & Jewellery Export Promotion Council.01 May, 2017, 11.20 AM IST
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