GJEPC announces suggested GST reforms at webinar
The Gem and Jewellery Export Promotion Council asked the government to reduce certain fees, speed up services, and ameliorate technology for Goods and Service Tax at its recent webinar.
The GJEPC gave numerous recommendations to the government on how to make its GST policy more favourable to the jewellery sector at its recent webinar which was attended by over 268 members of the jewellery industry from India, the U.S., UK, and Singapore, the GJEPC reported on its website. The webinar’s panel included GJEPC chairman Colin Shah among others and was held in association with the Directorate General of Taxpayer Services.
“GST is the biggest tax reform the country has seen after independence and the gem and jewellery industry welcomes the government reform initiative to encourage ease of doing business,” said Shah at the online event, the GJEPC reported.
Suggestions made by the GJEPC to make GST more favourable for the gems and jewellery sector included reducing the amount of time required in filing returns and forming a small committee in the Directorate General offices to address specific issues relating to returns. The GJEPC also suggested reducing certification and grading services rates and making the GST IT system more robust to make it easier to file returns.
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