Summary:
Meerut: Jewellery, sports, textile manufacturing and other micro, small and medium enterprises (MSMEs) in western Uttar Pradesh were eyeing several sops, including some GST concession, from the Friday’s interim budget. Also, we expected that the mandatory PAN card for purchase of Rs 2 lakh and above jewellery rule will be changed. “We had expected that GST on gold will dip from the exiting 3% to 1%, but no such benefit was doled out. Since we cannot accept more than Rs 2 lakh cash from the customer, they have to wait for their cheques to get cleared to purchase jewellery from us. This pension scheme will mean a lot to them.” Similarly, workers in Moradabad, known for brass work, were also exultant..