08 Aug 2022
DiamondWorld Directory
-
Home |
News
Home
Jewellers to go on one-day strike today
Protest against the mandatory PAN declaration for purchases above Rs.2 lakh
By: Diamond World News Service
|
Feb 10 2016 9:51AM
|
Reference: 12667  

DecreaseIncrease
The protest against mandatory PAN declaration in India, is taking on a new expression, with another strike by jewellers, reports say. There would be almost 100,000 jewellery shops across the country who would go on a one day strike today, 10th February, 2016, as a token protest against the norm.

The jewellery industry argues that the norm has affected the footfalls to the jewellery stores, in large numbers, thereby slowing down business drastically. Also, with business being affected, the artisans working in the industry too are left with little or no jobs. The jewellers protesting are part of or associated with over 300 associations of the industry in India.

The PAN mandate has affected the rural buying demand, as this sector is exempted from tax and thereby do not own PAN cards.

The mandate came into effect on January 1,2016, wherein, all transactions above Rs 2 lakh in cash or through card attracted the PAN declaration for the gem and jewellery sector.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
DWWeeklypost
Search News by City
Advertisement
DWsubscription
Recent Issue
2022
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 31216
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 8514
GJEPC Chairman Interview
Views: 27411
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 38169
Promo for IJ Awards 2012 at NDTV Profit
Views: 55948
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 67498
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21277
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 49881
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 51593
Advertisement
Finestar Diamonds
Advertisement
DWsubscription
Member of:
Supporter of: