Traders divided on gold GST rate

Gold traders are divided over the desired rate of taxation under the goods and services tax (GST), which is set to be implemented from July 1.  While the All India Gems & Jewellery Trade Federation (GJF), which comprises manufacturers and retailers of gold jewellery, wants the government to keep the GST at 1.25%, the India Bullion & Jewellers Association (IBJA) has said that the gover…