Gems and Jewellery sector is one of the most significant sectors of the Indian economy as it plays a pivotal role in India’s GDP, exports and employment generation due to its labour intensive nature.
India is the world’s largest cutting and polishing centre for diamonds.
Source: taxmann.com
Latest Posts in "India"
- Supreme Court Rules: “Parts” Must Functionally Integrate into Machinery, Rejecting End-Use Claims
- Centre to Consider Panel’s GST Recommendations on Air Purifiers, Tells Delhi High Court
- Sunglasses Not Classified as Spectacles, Taxable at Higher 12.5% VAT: Punjab & Haryana HC
- BMW Urges No GST Hike on EVs as Electric Car Sales Surge Over 200% in 2025
- Supreme Court: Hostel Rooms for Students Qualify as Residential Dwellings, GST Exempt
