Business News Jna Jewellerynet Com
One of the key regulatory our bodies overseeing the jewellery market is the Bureau of Indian Standards . BIS sets high quality standards in addition to specs for gold, silver, and different metals used in jewellery production. Under these regulations, jewelers must get hold of BIS certification, and be sure that their products meet the prescribed standards. The Goods and Services Tax has a central function to play in regulating the jewelry industry. Implemented in 2017, GST has streamlined taxation on this market by changing numerous oblique taxes. It has also brought higher transparency to transactions in addition to decreased tax evasion, benefiting each shoppers and businesses.
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