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Harishkumar Mandali
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NICE DIAMOND DESIGNES

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GST impact on gold
GST impact on gold: Be ready to pay more from July 1 as gold prices set to rise Although slightly, gold will become costlier than it already is after
Goods and Services Tax (GST) comes into effect from midnight. The
yellow metal much-loved by Indians will...

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Indian gold lust will stay more and will not die according to Kalyan Jewellers
  Indians have lusted over gold for more than 2000 years and this lust
may not die down soon according to Kalyan Jewellers. In an interview
with ET Now, T.S. Kalyanaraman, Chairman and Managing Director (CMD),
Kalyan Jewellers said physical gold has held...

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Government waives TCS for gold jewellery purchase upto Rs 5 lac
Central govt rolls back tax on cash buy of gold jewellery   New Delhi, Jun 1: In a move which has brought cheers
to both the buyers of gold ornaments and dealers, the central
government, which had proposed to levy tax collection at source (TCS) of
one pe...

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Hallmarking rule on cards to ensure quality
Jewellery buyers in the country would now be
sure of the purity of gold and silver used in the ornaments they buy, as
hallmarking could soon be compulsory. The government had passed the Bureau of Indian Standards (BIS) Act,
2016, on March 21 this year. T...

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New tax regime to hit 40% of India's jewellery sales
Around 40 per cent of India’s jewellery sales are likely to get affected with the implementation of tax collection at source (TCS)
effective June 1 along with requirement to submit Permanent Account
Number (PAN). Earlier this year, the government had levi...

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One lakh jewellers on strike to protest PAN rule on gold purchases
Indian jewellers were up in arms on Wednesday, with strikes called in
nearly 500 cities to protest the government’s rule that makes it
mandatory for customers to provide a PAN card on all jewellery
transactions of Rs 2 lakh and above. The one-day strike,...
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