Searching for Jewellery Purchase Pan Card information? Follow the links below to find all the information you need and more.
https://www.bankbazaar.com/pan-card/pan-card-for-transactions.html
Feb 24, 2017 · Pan Card for Transaction – Bank, Property, Jewellery, Shares. PAN, or permanent account number, is a unique 10-digit alphanumeric identity by the Income Tax Department, under the aegis of Central Board of Direct Taxes. It is mandatory that every individual who falls in the tax slab should have a PAN card. This document also doubles up as an identity proof.
https://www.businesstoday.in/current/economy-politics/gst-council-meet-pan-card-not-required-for-jewellery-purchase-above-rs-50000/story/261580.html
Oct 06, 2017 · The government on Friday scrapped GST notification on gems and jewellery stating that PAN card will no longer be mandatory on the purchase of jewellery for over Rs 50,000, ANI reported.
https://www.bankbazaar.com/gold-rate/pan-card-mandatory-to-buy-gold-worth-rs-two-lakh-or-more.html
Furnishing PAN card details for gold purchase was made mandatory by the Government of India for transactions valued at Rs.2 lakhs and above. The rule impacted the organised jewellery trade affecting more than 50% of business in terms of value. Prior to 1st January 2016, PAN details were required only for purchase of Rs.5 lakhs and above.
https://www.financialexpress.com/money/aadhaar-card-pan-card-jewellery-purchase-above-rs-50000-not-required-gst-council-meet/885250/
Oct 06, 2017 · Now PAN card and Aadhaar card are not needed for jewellery purchases above Rs 50,000, according to ANI. In a bid to give some relief to jewellers, the government on …
https://m.economictimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/now-no-pan-card-required-for-jewellery-purchase-of-over-rs-50000/articleshow/60973541.cms
Oct 07, 2017 · NEW DELHI: Jewellery purchases exceeding Rs 50,000 won’t require the income tax permanent account number ( PAN) to be provided after the government reversed an earlier notification on Friday, providing a big festive cheer for the sector and potential customers. Jewellers will also not be required to inform authorities about jewellery purchases of over Rs 50,000 after the government …
https://economictimes.indiatimes.com/wealth/personal-finance-news/jewellers-unhappy-over-mandatory-pan-on-purchase-of-rs-2-lakh/articleshow/50207202.cms
Dec 16, 2015 · Unveiling the new norms, Revenue Secretary Hasmukh Adhia yesterday said on purchasing jewellery or bullion, a major source of black-money, quoting of PAN would be required if the sum involved is Rs 2 lakh per transaction. Currently, PAN is required for transaction of Rs 5 lakh and above. All other cash transactions would attract the PAN requirement if they are above Rs 2 lakh.
https://m.economictimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/gold-jewellers-dissatisfied-over-mandatory-pan-card-on-purchase-of-rs-2-lakh/articleshow/50216409.cms
Dec 17, 2015 · KOLKATA: Gold jewellers feel that making PAN card mandatory for transaction worth Rs 2 lakh and above will will affect rural demand. Sreedhar GV, chairman, All India Gem & Jewellery Trade Federation said “This is not practical and will discriminate 70% of the rural buyers including farmers as they are not under tax net and do not have PAN cards.
https://timesofindia.indiatimes.com/india/All-cash-purchase-of-gold-to-come-under-I-T-lens/articleshow/53699501.cms
Aug 14, 2016 · According to current rules, a jewellery buyer will have to produce PAN card only when the purchase is over Rs 2 lakh. But PAN card is not mandatory for purchases below Rs 2 lakh. “This has led to scopes for a section of people who keep purchase below Rs 2 lakh to avoid any surveillance.
https://firstquarterfinance.com/buy-now-pay-later-jewelry-stores/
Apr 15, 2020 · Buying fine jewelry can be a significant investment, and one that many may not able to afford all at once. However, several popular jewelry stores — both brick-and-mortar and online-only — offer buy now, pay later financing options that allow you to buy jewelry and then pay for it over time.
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