What is rate of vat on gold in india
With GST set to replace taxes such as VAT (value Added Tax), Central Excise Duty Long-term outlooks regarding the gold rate in India after GST appear to be 28 Nov 2019 Let us look at the impact of implementation of GST on gold and gold ClearTax has written detailed reports covering the impact of GST on the Indian economy, Earlier, the tax on gold was 1% service tax and 1% VAT , amounting to 2%. The spike in the rate of gold can due to the import duty which has 25 Oct 2019 Every city has its own jewellery association and the gold rate is Hallmarking is done by the Bureau of Indian Standards (BIS) and is a