"Lower GST slab on gold & jewellery is a welcome move but a low 1% VAT has not helped the trade to make it fully compliant. In my view the root cause for grey market and non- compliance is high import duty on gold. Import duty should also be reduced parallely to curb smuggling and improve compliance ". Sandeep Kulhalli , Sr Vice President , Retail & Marketing - Tanishq ( Titan company - Jewellery Division )
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