The GST Council may review the tax rate on gold under the
new GST regime in its first quarterly meeting, with Kerala state and the
Central Board of Excise and Customs keen on imposing a higher 5% levy on the
precious metal, ET Now reported citing unidentified sources. However, Finance
Minister Arun Jaitley has favoured the low tax rate of 3% on gold to prevent
smuggling. Read More
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