Budget 2022 Expectations: Jewellery industry body GJC urges govt to reduce GST to 1.25%
The national industry apex body has also urged FM to raise the PAN card limit to Rs 5 lakh from Rs 2 lakh, as many households in rural India do not hold PAN cards and face difficulty in arranging minimum required jewellery in times of need, especially post-pandemic.
GJC has urged the government that suitable clarification be issued on the minimum quantity of gold, which an individual can deposit under the gold monetisation scheme (GMS), without being questioned by any departmental authorities. Source: Reuters