Jewellers' body demands GST cuts, tax relief ahead of Budget 2026

All India Gem and Jewellery Domestic Council's (GJC) meeting with Finance Minister Nirmala Sitharaman, ahead of Budget 2026, focused on policies for easing costs, improving compliance and MSME support. GJC demanded GST cut on gold and silver from 3% to either 1.25% or 1.5% across the sector. The council also sought refund mechanism for accumulated input tax credit on services.