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GST Council may discuss tax rate on gold at Udaipur meet

GST Council may discuss tax rate on gold at Udaipur meet

Saturday, February 18, 2017, 10:39 AM

The Centre and States are expected to take up the issue of taxation of gold when the GST Council meets on February 18 in Udaipur. Sources said the Centre and States are moving towards a 4% rate on the precious metal under GST, which would be higher than the existing rate, but not too high as this would lead to a surge in smuggling.
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