IBJA

Sovereign Gold Bond: SGB 2017-18 Series VIII subscribers to get 152% profit on premature redemption. Should you withdraw or stick on?

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Sovereign Gold Bond: SGB 2017-18 Series VIII subscribers to get 152% profit on premature redemption. Should you withdraw or stick on?

SGB premature redemption: The Sovereign Gold Bond (SGB) Series VIII (2017-18) is scheduled for premature redemption on November 19, 2024, in accordance with the guidelines set by the Reserve Bank of India (RBI). The redemption amount has been determined at Rs 7,460 per unit, determined by the average gold price of 999 purity recorded over … Read more

Proposal for GST under reverse mechanism draws mixed response from jewellery sector

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Proposal for GST under reverse mechanism draws mixed response from jewellery sector

MUMBAI: A proposal by a group of ministers for GST amendment on the gem and jewellery sector elicited a mixed response from the trade. To plug loopholes in collection of GST or potential misuse, the GoM recommenced a 3% GST on purchase of old jewellery under the reverse charge mechanism. Also, an E-way bill has … Read more