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GST on gold: Industry to become more regulated, mkt size to expand

GST on gold: Industry to become more regulated, mkt size to expand

Friday, March 17, 2017, 5:54 PM

The Goods & Services Tax (GST) Council, on Thursday, cleared State GST and Union Territory GST bills needed for implementation of the tax from July 1. The bills will now go to the Parliament and state assemblies. GST on gold and jewellery is still not known as of now. Currently, the sector pays 10% Import duty, 1% Tax, and 1% VAT.
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