Nominated banks not taking fresh orders for gold imports till GST clarity emerges on July 1 – Economic Times

Nominated banks not taking fresh orders for gold imports till GST clarity emerges on July 1
Economic Times
However at the time of sale if the price of gold drops to $1240 , the GST it recovers from a customer will be lower . “There is no clarity on what happens to GST credit of banks if gold falls ,” said James Jose , owner of a south based gold refinery …