Budget 2025:Gold & Diamond Jewellery पर घटेगा GST! अभी खरीदें या Budget तक इंतजार करें? GoodReturns

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Budget 2025:जीजेसी ने सरकार से गोल्ड ज्वैलरी पर जीएसटी के रेट को घटाकर 1 फीसदी करने की मांग की है. अभी जीएसटी का रेट 3 फीसदी है। इंडस्ट्री का कहना है कि अगर सरकार 1 फरवरी, 2025 को यूनियन बजट में इसका ऐलान करती है तो इससे ग्राहकों को काफी राहत मिलेगी.      #Budget2025 #Gold #GoldPrice #GoldRate #GST #GSTCouncil #GJC #GoldPriceToday #budgetexpectations #budget2025expectations #FMsitharaman #NiramalSitharaman #PMModi #centralgovernment #budget #budget2025 #budgetsession #budgetsession2025 #unionbudget #unionbudget2025  Also Read  Budget 2025: Will GST Rates Be Rationalized This Year? :: https://www.goodreturns.in/personal-finance/planning/budget-2025-will-gst-rates-be-rationalized-this-year-1398309.html?ref=DMDesc  Gems, Jewellery Sector Urges Govt To Reduce GST To 1% In Upcoming Budget :: https://www.goodreturns.in/news/gems-jewellery-sector-urges-govt-to-reduce-gst-to-1-in-upcoming-budget-1397945.html?ref=DMDesc  Budget 2025 Expectations: What’s In Store For Middle-Income Earners? Tax Relief Hopes Soar! :: https://www.goodreturns.in/news/budget-2025-expectations-what-s-in-store-for-middle-income-earners-tax-relief-hopes-soar-1397895.html?ref=DMDesc    ~PR.147~ED.70~HT.334~

Transcript

00:00The government can reduce the GST on gold jewellery and its announcement can be made in the Union Budget 2025.

00:10Finance Minister Nirmala Sitharaman will present the Union Budget on 1 February 2025.

00:15The Jameson Jewellery Industry has demanded the government to reduce the GST on jewellery.

00:19The industry says that the gold prices are continuously increasing.

00:22Tax is also increasing.

00:24If the government reduces the GST on jewellery, it will increase people's interest in buying gold.

00:30Let's know more details about this in the video.

00:33All India Jameson Jewellery Domestic Council, i.e. the chairman of GJC, has said that we have demanded the government to change the tax rate.

00:42He further said that the increase in gold prices has increased the burden of GST on both the industry and the customers.

00:50GJC has demanded the government to reduce the rate of GST on gold jewellery by 1%.

00:55Now the rate of GST is 3%.

00:58The industry says that if the government announces it in the Union Budget on 1 February 2025, then it will give a lot of relief to the customers.

01:06And with this, tax compliance will also increase.

01:09He said that the retail prices of gold jewellery will be reduced due to the decrease in the rate of GST.

01:14Especially in rural areas, the sale of gold jewellery will have a lot of effect.

01:18With the increase in compliance, the government's revenue will also increase.

01:21The industry has also demanded that the rates of GST on diamonds sold in the lab should be reduced.

01:27The industry says that now the rate of GST on natural and lab-grown diamonds is the same.

01:32The government should keep the GST rate of lab-grown diamonds low.

01:36GJC has asked the government to create a separate ministry for the jewellery sector.

01:41GJC's vice chairperson says that the government has asked for EMI on jewellery.

01:47This is a very old demand of the industry.

01:49In addition, the government needs to make the gold monetization scheme attractive.

01:53This can be used to buy useless gold in houses.

01:57The government will have to reduce the import of gold.

02:00And every year, the government has to import a large amount of gold.

02:04On this, a lot of foreign currency.

02:06The government will have to reduce the import of gold.

02:09Because every year, the government has to import a large amount of gold.

02:13And on this, a lot of foreign currency is also spent.

02:16Now what do you need to know?

02:18Do you have to buy jewellery now or do you have to wait?

02:22So see, if you are also going to buy gold jewellery, then you can wait until the budget.

02:27The government can indicate the lack of GST in the budget.

02:30However, the decision to reduce GST on gold jewellery will be taken by the GST Council.

02:35It may take a little more time.

02:37The decision to reduce or increase GST on any product is taken by the GST Council.

02:42All the finance ministers of the states are included in this.

02:45The reason for this is that the direct effect of the change in the GST rate on any product depends on the revenue of the states.

02:52So in this case, if you are thinking of buying any type of jewellery, then you should wait a little.

02:57Because it is possible that there may be some indication about this in the budget.

03:01That's all in the video.

03:02What are your expectations from the budget?

03:04Do tell us by commenting.

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