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gst​: PMK wants gold and gold jewellery to be exempted from GST | Chennai News


CHENNAI: The PMK on Friday asked Union finance minister Arun Jaitley to exempt gold and gold jewellery, which are bought by low income and middle class people to meet their compulsory needs, from the GST.

Welcoming the decision of the GST Council meeting on Thursday to exempt 29 handicraft items from GST, the party wants the central government to extend the same benefit to a few other handicraft items, as well as the GST on gold and gold jewellery.

Recalling that prior to the GST, 15 states had totally exempted tax on handicrafts and only eight states had a maximum of 5% tax, PMK founder S Ramadoss said the implementation of the GST saw handicrafts come under the highest 28% tax bracket.

PMK Lok Sabha member Anbumani Ramadoss had submitted a memorandum to the Union finance minister stating that the high rate of tax under the GST had hit sale of handicrafts, thereby affecting the livelihood of the artisans.

Likewise, while the GST on diamond and precious stones has now been brought down to 0.25% from 3% earlier, it is puzzling why the government is hesitant to extend the same benefit to gold and gold jewellery, the PMK founder asked.

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Art Make In India

ART MAKE IN INDIA FOUNDATION is a Non profitable organization whose focus is to strengthen the Indian artisans and help them elevate Indian culture and heritage by increasing the Indian handicraft products. We give a platform to the artisans to sell their products all over India and worldwide along with various services like payment services, packing services, shipping services, etc. which are provided to them free of cost. The founder of the company Mrs. Shilpa Sharma is an artist herself and has been in this field for the past 22 years and has known the struggles faced by various artists. She took the initiative to aid the artisans in the form of this company and strongly believes that the art of the country should be promoted worldwide.

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