Thursday, 8 June 2017

Under GST gold importers & exporters may face operational issues

The financial cost of importing gold and diamond is set to increase on account of Integrated Goods and Service Tax (IGST), as importers' capital is likely to be blocked until refund comes. Even as exporters propose to raise bank guarantees to avoid refund complexities, domestic bullion traders, as well as importers and exporters of gold are expected to face several operational issues when GST is implemented from July 1. Read More

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