Newsnow: Jewelry News Each Source, Each 5 Minutes, 24
One of the key regulatory bodies overseeing the jewellery market is the Bureau of Indian Standards . BIS sets quality standards as nicely as specifications for gold, silver, and different metals used in jewelry production. Under these laws, jewelers need to get hold of BIS certification, and be certain that their products meet the prescribed standards. The Goods and Services Tax has a central role to play in regulating the jewelry business. Implemented in 2017, GST has streamlined taxation on this market by replacing a quantity of oblique taxes. It has also introduced greater transparency to transactions as properly as…