New Delhi, Jan. 19 -- The All India Gem & Jewellery Domestic Council (GJC) has submitted pre-Budget recommendations to Finance Minister Nirmala Sitharaman ahead of the Union Budget 2026-27, seeking tax and policy measures to ease cost pressures on small and medium jewellers.

Addressing Rising Gold Prices and Structural Issues

The council highlighted that sharp increases in gold prices over the past year have amplified structural challenges for jewellers. Higher prices have raised the effective tax burden on consumers and tied up working capital, even though statutory tax rates remain unchanged.

Tourism, MSME, and Digital Measures

The council also called for immediate implementation of the Tourist GST Refund Scheme at major airports, s...