Jewellers to protest against increase in VAT

March 23, 2011
jewlry

Udupi, March 23 : Jewellery activities in the undivided Dakshina Kannada district, which is one of the major jewellery market in Karnataka, will come to a standstill for a day on March 25 in protest against the two per cent VAT proposed by the state government in its current year budget on ornaments.



The Udupi district Jewellers Association which has voiced 15 concern against the proposed VAT had extended its support to the state-wide bandh on Friday called by Bangalore Jewellers Association.




Addressing a conference here, Association president Jaya Acharya said, "the jewellery business is the second largest in the state and the state government's decision is against the interest of gold traders." About 10,000 to 20,000 gold merchants and workers from across the state will take part in the protest, he added.

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