Policy● Neutral for Indian equities
Gold imports by nominated agencies may come under GST as Council weighs tax parity
The brief
- GST Council will consider bringing government agencies that import gold under GST on October 8
- Any tax change could affect Indian gold imports and banks that handle them
- Silicon Valley companies discuss simpler GST, customs rules with CBIC
- Reforms on the cards: GST Council likely to shun mid-year rate changes
- Proposed GST changes aim to make India's services exports more competitive
- GST Council may set different timelines for services, capital goods refunds
- Industrial alcohol is the GST Council's unfinished federal business: States won the legal fight, but the 18% GST still applies
GST exemption for banks, nominated agencies for gold, silver imports may be withdrawn
Tuesday, 6 October
- Gold imports by nominated agencies may come under GST as Council weighs tax parity