Government proposes 4 percent tax on gold under GST - finmin official

Last Updated: Wed, Oct 19, 2016 21:22 hrs
A salesman helps a customer to select gold bangles at a jewelry showroom in Mumbai

NEW DELHI (Reuters) - The Indian government has proposed a 4 percent tax on gold under the proposed goods and services tax, Revenue Secretary Hasmukh Adhia told reporters on Wednesday.

GST would harmonize a slew of state and federal levies into a national sales tax.

(Reporting by Manoj Kumar; Editing by Malini Menon)

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