Bills / invoices received from jewelers or retailers should contain details of hallmarked items as mentioned on the BIS website.
NASHIK: The price of 24 carat gold was quoted at Rs 49,250 per 10 grams in Nashik bullion market on Monday, while the price of 22 carat gold was recorded at Rs 46,280.In Nashik bullion market on Sunday, the price of 24 carat gold was recorded at Rs 48,450 per 10 grams, while the price of 22 carat gold was recorded at Rs 46,075, while the price of silver was Rs 67,000 per kg.
On Monday, however, gold prices rose. The price of 24 carat gold was quoted at Rs 49,250 per 10 grams, while the price of 22 carat gold was reported at Rs 46,280. Meanwhile, most analysts have predicted that gold prices will skyrocket in the next few years. HDFC.According to securities experts, the price of gold could double in the next three to five years. The price of 10 grams of gold will touch Rs 90,000 in the next five years, according to the Quadriga Ignio Fund. During the same period, the price of gold in the international market is estimated to be between 000 3000 and 000 5000 per ounce.
Important instructions of BIS
Bills / invoices received from jewelers or retailers should contain details of hallmarked items as mentioned on the BIS website. The details of each item, net weight of the precious metal, carat, purity and hallmarking fee should be mentioned in the bill or invoice for sale of Hallmarked Precious Metals.Many shopkeepers also pay customers raw bills or temporary bills. A temporary bill is one that the merchant pays to the customer upon purchase of an item that is not shown in the merchant's audit or ledger. So he can avoid paying taxes. Here the customer also avoids paying various taxes (now GST).The temporary bill only shows the name of the jewelry store (from which the piece of jewelry was purchased) and the item of jewelry you purchased. It is usually made on blank paper. Such transactions generate black money.
What is included in the fixed bill?
* Purity of purchased gold
* Jewelry name and code
* How much gold are you paying for?
* Jewelers GST Identification Number (24 carat gold price at 49,250 in Nashik bullion market)
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