Thursday, 15 June 2017
GST: Banks may stop gold imports on own account
A near-term supply bottleneck stares at the gold trade in its face till the government clarifies an issue faced by banks importing bullion on account of GST, says an official of India Bullion & Jewellers Association (IBJA). India on an average imports 600-800 tonnes of gold annually.
You can read more here: GST: Banks may stop gold imports on own account
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