Open AccessA Study on the Implications of GST in Jewellery Business
Author(s) -
Reshma Rachel Kuruvilla,
Priya Harikumar,
Liza Alex
Publication year - 2018
Publication title -
asian journal of managerial science/asian journal of managerial science
Language(s) - English
Resource type - Journals
eISSN - 2583-9810
pISSN - 2249-6300
DOI - 10.51983/ajms-2018.7.3.1346
Subject(s) - exhibition , happening , commerce , economy , business , market economy , economics , marketing , visual arts , art , art history , performance art
GST is a tax reform implemented in the country after long years of debates and discussions. It has affected the citizens and the businesses in manifold ways. For the economy of the country, contributions of the gems and jewellery sector cannot be ignored because exports of gems and jewellery alone contribute around 7% of the GDP of the country. With the implementation of GST, price of the gems and jewellery might change affecting the business as a whole. Changes happening in the gems and jewellery sector due to implementation of GST on account of Exports, sales on approval basis, exhibition, transfer of old jewellery were discussed by the author.