Tuesday, March 04, 2025 | 11:01 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Low GST rate could hit small jewellers

GST on jewellery would be 2%, which is all that small jewellers may charge from customers

Gold jewellery displayed at a shop in Delhi. Photo: Reuters
Premium

Gold jewellery displayed at a shop in Delhi. Photo: Reuters

Rajesh Bhayani Mumbai
There's a bit of a paradox in the lobbying by various trade and industry bodies of bullion dealers and jewellers for fixing the coming Goods and Services Tax (GST) rate not higher than what they pay on Monday.
For, say experts, a lower GST rate could be detrimental to the small jewellers, the ones who get their saleable items done by job workers.
This is the GST on job work charges would be 18 per cent. Whereas, to stay at the same level as the present levy, the GST on jewellery would be two per cent. Which is all that small jewellers

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in