noksss
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The transaction tax is 1%. Please let me know how paying 500 rupees extra for 50000 gold purchase would hurt the buyers!
In fact govt is ready to reduce the tax where the shop owners want to scrap it altogether.
FACT 1: It's not about the money
FACT 2: Since it is taxed from now on, the gold selling is now regulated.
What FACT 2 does is it will stop all the smuggling and hoarding since the shop owners must account for entry and exit of Gold from their shops.
This in fact is a boon for the end customers.
WHY is this a good thing for customers eh?
Because, buying any jewellery in India means you are actually paying for more gold than you actually bought. How are the Gold shops doing it? They hide this as wastage in the bills, which in fact is anything but wastage.
Please talk to some of the small gold sellers. They are pretty happy with this move. Only ones who have problem with this are the bigger players who are involved all sort of illegal activities in name of selling gold.
Now this minuscule Transaction tax will put an end to most illegal activity in this sector.
So with Delhi, Punjab and MP, Drama Queen will become PM in 2019!!
That's some maths you got going there mate...
Anyway, what happened to Modi certificate investigation? CM, Dep CM, and hosts of ministers and MLA's used up weeks of their time investigating this important matter...
Any new leads?
check my Edited comment I forget to put