Exemption of GST on Heritage Coins, Paper Money & Collectibles

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In order to study the rich historical and cultural heritage of India, academics need the physical coins to study. This can be achieved only by preserving these nuggets of history by stopping them to go in the smelter’s furnace from converting into ornaments & utensils. This can only be done by promoting these coins into a wider spectrum of a hobby. And in order to cater to the ever-growing hobbyists called Collectors, who run in a few lakhs in our country, they must be served by professionals. Once these coins are collected by Coin Collectors, they become handy tools for the academics to study and re-write the history of India. As a result, this Circle of Numismatics is dependent on all the four pillars, namely Academic; Heritage Preservation; Hobby; and Profession. 

Since the GST Council is considering various Tax Slabs on taxable items, we would like to draw attention of the Government of India to the need of promoting Indian Numismatics at the Government level. This Patronage by the Government of India would give a major push to this novel hobby and consequently result in millions of new collectors and academics in India. 

An exemption in the upcoming GST or minimal tax on the Numismatic items will be highly appreciated. 

We are looking forward to a positive response from the Government of India in preserving these Heritage Pieces of Our History. 

We are at the service of Indian Numismatics, 

  • Dr. Dilip Rajgor
  • Girish Veera
  • Rajender Maru 
  • Shatrughan Saravagi
  • Malcolm Todywalla
  • Sanjay Gosalia 
  • Pundalike Baliga
  • Mohit Kapoor
  • Archie Maru 

Shri Hansraj Ahir, the Hon Minister of State for Home Affairs, discussing the ways to Promote Numismatic Hobby and Exemption in GST.

 



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