www.pbr.co.in Awareness of GST: Unorganized Jwellery Sector of Vapi & Valsad City Pacific Business Review International Volume 11 Issue 12, June 2019 Abstract Gold sector and GST both plays a vital role in Indian Economy. Employment generated from the development of gold sector and GST. The primary objective of the study is to check the jeweler's awareness of GST and the effects of GST on gold jewellery price. The data has been collected from the registered jeweler of Vapi & Valsad city and total 100 questionnaires have been filled in person. The majority of the jeweler comprises of manufacturer as compared to trader. It has been found that they are aware about the registration process, late fees and its interest. Even they are not taking all the deadlines as burdensome. Supply chain is the major factor for affecting gold and jewellery prices and the other reason is implementation of GST. In old tax system (VAT) the rates applicable was less as compared to GST. The limitation and further scope of the study that limited number of jewelers cannot generalize the whole population. The expansion of geographic location gives more strength for research results and this study only includes unorganized sector, for further research organized sector study can be done. Keywords: GST, Gold Jewellery Sector, Economic growth. Introduction The gold sector plays a vital role in Indian economy; it contributed approximate 7% of country's GDP. This sector is based on import & export even it includes labor works which also increases the employment in country. India is a hub of gold and jewellery market even skilled labors available at cheaper rates. The government of India also focuses on export promotion in gold sector. 100% FDI through automatic route has been allowed by the Government of India. With the booming gold sector implementation of GST plays a vital role. GST applied to all the sectors except alcohol for human consumption and petrol and petroleum products. The GST on gold and gold jewellery applied at 3% whereas, it includes customs duty of 10% and making charges of 5%. As the government charges more rates on gold and gold jewellery as compared to previous tax regime. The earnings of government increases through the changes in rates, even with the help of digitalization in GST more transparency is maintained. Input tax credit was not available on all transactions previously in VAT & CST but now in GST ITC is the important link between two parties for getting the benefit of their credits. For composition tax ITC is not applicable. The CBIC has to encourage the GST payers not to go for Dr. Yagna Vyas B.V.Patel Institute of Management, Uka Tarsadia University, Bardoli, Dis: Surat, Gujarat 87