GST relief for gems sector: Small diamond imports exempted from IGST; jewellery box tax cut to 5%
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The Gem and Jewellery Export Promotion Council says that recent GST reforms have eased costs for the diamond and jewellery sector. The government's move to exempt imports of natural cut and polished diamonds will ease working capital pressures. GST reduction on jewellery boxes will lower costs for retailers and exporters. What's Your Reaction?
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