YOUR RESPONSE: Pan Card mandatory, Jewellers worried- Yogesh Singhal

The idea of the Central Government to stop the generation of black money by making PAN card disclosure mandatory on gold jewellery purchases exceeding Rs one lakh will not make any difference. The whole outlook of the government is very short-sighted. Instead, the government should revise the existing tax structure and bring down the tax slab rate to 10 per cent level or introduce tax on banking transactions.

Yogesh Singhal
General Secretary, The Bullion and
Jewellers Association (TBJA)
New Delhi