Ker­ala’s De­mand Makes Sense

The Economic Times - - Finance & Commodities -

Gold should at­tract the goods and ser­vices tax to curb eva­sion. Ker­ala’s de­mand is in sync with the rec­om­men­da­tions of the Arvind Subra­ma­nian panel that sug­gested a 4-6% GST on the yel­low me­tal. The lower the rate that met­als such as gold are taxed, the higher will be the stan­dard rate that is ap­plied to all com­modi­ties. It makes sense to have a uni­form rate across states.

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