Prithviraj Kothari, reacted on Budget

Feb 05, 2024

Mr. Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Limited

This interim budget couldn’t gladden the bullion industry participants, as there were no major announcements related to this industry. The wishlist from the bullion industry was very long, like reducing 15% import duties on precious metals,

reducing 3% GST, exempting Capital Gain Tax on gold jewelry sales, GST refunds to NRIs, simplifying TCS and TDS rates, etc. All taxes and duties remain in status quo until the next budget.

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