for the past five years.
The new chairman said he will focus on facilitating tax reform during his term in office. That would include the introduction of a presumptive taxation – tax based on average income rather
than actual income – reducing the goods and services tax (GST) for cut and polished diamonds and scrapping GST for gold
and silver exports.
“It would be my sincere effort to work closely with the
industry and the government to bring in reforms that would provide the Indian
gold and jewelry industry a competitive edge in the world market,” Argawal
added.
Shah is the managing director of Kama Schachter Jewellery,
and has served as awards subcommittee convener for the GJEPC.
Elected regional chairs include Ashok Gajera, Dinesh
Navadia, Nirmal Kumar Bardia, Prakash Chandra Pincha, Mahendra Kumar Tayal and
Ashok Sheth.