GST Rates Reduced to 0.25% from 3% on Diamonds & Precious Stones

GST Rates Reduced to 0.25% from 3% on Diamonds & Precious Stones

The 25th GST Council meeting was held at New
Delhi on 18.01.2018.  The said meeting was chaired by Shri Arun Jetley,
the Hon’ble Finance Minister.  The decisions relating to-

were taken by the Council in the said
meeting.  However the said decisions will be given effect to through Gazette Notifications/circulars which shall have
the force of law.

From 3% to 0.25%

The GST Council recommended the rate reduction from 3% to
0.25% to diamonds and precious stones