Policy▼ Bearish for Indian equities
GST exemption for banks, nominated agencies for gold, silver imports may be withdrawn
The brief
- The GST Council may withdraw the IGST exemption on gold, silver and platinum imports by banks and nominated agencies
- Higher import costs could affect Indian banks and precious-metals businesses
- GST shake-up: Council weighs ending officials' arrest powers, start Rs 5 crore prosecution threshold
- GST arrest powers may be removed? Council to discuss decriminalisation on Wednesday; law change likely in Winter Session
- Decriminalising GST: Law panel proposes end to arrest powers, higher evasion thresholds
- GST revenue rises to ₹2.03 lakh crore in September but share of domestic sources falls to all-time low
- GST state-wise collection September 2026: Assam jumps 88%, UP 18%; Tamil Nadu falls 5%