Browsing: GST Reforms

The 57th GST Council has recommended measures to accelerate GST refunds, reduce penalties, simplify registration and return filing, and improve input tax credit reconciliation. The proposed reforms could strengthen cash flow, reduce compliance costs and support India’s gem and jewellery manufacturers, exporters, wholesalers, retailers and MSMEs.

GJEPC Leadership Meets Finance Minister To Seek Relief Measures Amid U.S. Tariff Impact. Kirit Bhansali, Chairman, along with Shaunak Parikh, Vice Chairman and Sabyasachi Ray, Executive Director, met the Hon’ble Minister of Finance and Corporate Affairs, Smt Nirmala Sitharaman, on 24th September to seek urgent relief measures for the gem and jewellery sector, which has been severely impacted by the recent imposition of a 50% tariff by the United States.