Gold imports by nominated agencies may come under GST as Council weighs tax parity

Wait 5 sec.

The GST Council is set to meet on October 8, focusing on whether government agencies should be brought under the GST regime. As it stands, only banks are subject to a 3% GST on gold imports, a situation that may change soon. Authorities are looking to standardize tax treatment to lessen disputes, which could influence bank and agency working capital.