Budget 2022: Gold price may come down after budget!


#NewDelhi: Finance Minister Nirmala Sitharaman is going to present the budget on February 1 In this year’s budget, the government is expected to reduce the import duty on gold. In that case, gold is likely to be cheaper after the budget The GJEPC has demanded that the government reduce the import duty on gold from 8.5 per cent to 4 per cent.

Read more: More than 24 crore EPF account holders received money, check your account balance

In the GJEPC Pre-Budget 2022-23 Recommendations, JJC demanded a 1.25 per cent GST on jewelery made of gold, precious metals, gems and similar items. At present GST rate on gems and jewelery is 3 percent. Besides, application for special package has also been informed Imports will be reduced by 4 per cent to Rs 225 crore instead of Rs 500 crore. The remaining amount can be used for expansion.

Read more: 22 crore workers have registered so far, take a look at the registration process

Apart from this, it has also been demanded to increase the limit of PAN card from 2 lakh to 5 lakh A large number of people in rural areas do not have PAN card As a result, it is difficult to arrange the minimum required jewelry when needed. Besides, it has been demanded to waive the bank commission on credit cards The JGC has also asked the government to waive the bank commission (1-1.5 per cent) on buying jewelery through credit cards.

Published by:Dolon Chattopadhyay

First published:

News 18 Be the first to read breaking news in Bengali. There are daily fresh news, live updates of the news. Read the most reliable Bangla news on News18 Bangla website.



(This is an auto-generated article from syndicated news feed. TEAM BEPINKU.COM may not have modified or edited the article).

About the Author: TEAM BEPINKU.COM

We share trending news and latest information on Business, Technology, Entertainment, Politics, Sports, Automobiles, Education, Jobs, Health, Lifestyle, Travel and more. That's our work. We are a team led by Mahammad Sakil Ansari.

You May Also Like