What will the GST​ rate be for gold?

What will the GST​ rate be for gold?

The rates for precious metals (which includes silver and gold) have not yet been decided. Centre and various states had conflicting opinion about this and hence they postponed this decision to June, instead.

Gold is anyway not free of challenges. Remember what happened the last time they tried to tamper with the excise duties on gold? All the jewellers went on an indefinite strike. While that didn’t help much, it proved that gold is one of those typical sensitive issues that people are keen about, although there seems to be no logic behind so much fuss about something which isn’t an everyday commodity.

 

 


 


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