PAN card not required for jewellery purchase above Rs 50,000

Government on Friday revoked 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. The decision was taken at the crucial meeting of the GST Council today. Offering further respite to Jewellers, the meeting further concluded that any entity dealing in gems, jewellery and other high-value goods that has a turnover of…