IJMA demands exemption from VAT
IJMA demands exemption from VAT
Blaming the government for imposing an eight per cent Value Added Tax (VAT) on imitation jewellery in Maharashtra, the Imitation Jewellery Manufacturers’ Association (IJMA) has demanded that they should be exempted from the levy.
Addressing the reporters here last night, IJMA president Narendra Soni said that in the absence of VAT regime in the neighbouring states like Gujarat and Rajasthan, many jewellery-makers were shifting the base there.
He said a new state-of-the-art complex called Imitation Jewellery Makers International Marketing Acrade, under the banner of the Association, will be inaugurated on January 16 at Raheja Metroplex in suburban Malad.
Mr Soni said the complex, built at a cost of Rs 45 crore, will have 427 exotic showrooms besides a variety of amenities such as conference hall, well equipped communication centre, cafetaria and fitness centre.
Soure: newkerala.com