Gold jewellers wary of move to hike GST rates

Industry already reeling under price rise and reduced demand, say players Gold jewellers are apprehensive over a possible move to raise the GST rates with the Centre attempting to rationalise the rate structure. If the GST rate is hiked, it will have an adverse impact on the sales and profit margins, said Dileep Narayanan, Head – Treasury & Banking, Malabar Group of Companies. Bullion purchase…