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Indian Trade Group Seeking Tax Uniformity Urges Flat Jewelry Levy
Nov 9, 2015 10:51 AM
By Rapaport News
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RAPAPORT... The All
India Gems and Jewellery Trade Federation (GJF) called for a flat tax across
the country to ensure uniformity across the industry, The Economic Times reported last
week.
“We will
be happy if the government announces the implementation of a 1 percent goods-and-services
tax to place the sector under a unified umbrella and get it more organized,”
the report cited GJF chairman G. V. Sreedhar as saying.
This would
help promote initiatives such as the ‘Make-in-India’ campaign to encourage
local manufacturing and support the government’s proposed gold monetization
scheme aimed at cutting the country’s import of the metal, Sreedhar said.
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Tags:
All India Gems and Jewellery Trade Federation, India, Rapaport News, tax
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