Government Must Reduce Import Duty, GST On Gold To 7%, Say Experts

Budget 2021: The government should reduce import duty on gold and goods and services tax (GST) to seven percent in order to curb the large-scale gold smuggling in the country, boost gold trade, as well as to strengthen demand for gold jewelry in the upcoming Budget 2021, stated Mr Ahammed MP, Chairman, Malabar Gold and Diamonds. The government should create a suitable environment for the jewelry retail trade to introduce maximum reta...