Quote of Mr Nitin Khandelwal, Chairman,GJF on GST jewellery rate revision



Mr. Nitin Khandelwal, Chairman GJF, said: “We are extremely thankful to the Govt for implementing 5% GST on making charges / Job work. The exhaustive efforts of GJF has finally paid off. The lower rate of job work is a big relief for manufacturers and karigars and also for the customers as they do have to now end up paying the earlier proposed 18%. This will also ensure there will be no tax evasion and industry will become more organised and compliant. There are still few more concerns, which GJF being the apex body will continue to protect, promote and progress the industry, by pursuing the Govt for ease of operation and business in GST. We are highly positive that the Government will continue to support our industry to its best.