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GJEPC requests shift of taxes from income to turnover

28
Feb '06
In the run up to the budget for 2006, the Indian gem and jewellery industry, represented by the Gem & Jewellery Export Promotion Council (GJEPC), met with the government to restate its demand, requesting a shift from taxes based on income to a presumptive tax based on turnover.

“The proposed turnover-based tax system will bring India on par with other international diamond trading hubs like Belgium and Israel,” said Bakul Mehta, Chairman, GJEPC.

Gem & Jewellery Export Promotion Council


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