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World Gold Council: New GST will enable gold industry to flourish
Posted on: 09/Jun/2017 3:09:29 PM
The World Gold Council has informed that the newly proposed GST by the Indian Government to be implemented from 1st July will enable the gold industry to flourish.
It was widely expected that the gold price will go up after the imposition of GST. On the contrary, the latest information is that the future of the gold trade is slated to be very bright.
The World Gold Council, in a report, has mentioned that economic changes were carried out during the 1990s.
Subsequently, another set of economic reforms is being undertaken now. The system of single-window taxing will be beneficial to positive changes.
Though the price increase of gold will initially affect the gold traders, it is predicted that the gold trading industry will prosper and flourish to good growth.
The World Gold Council has also observed that the gold trading in India is conducted in extreme transparency and proper and this will increase the trust of the customers.
