India’s electronic gold receipts trade may run into GST hurdles - A2Z Taxcorp LLP

The trading in electronic gold receipts ( EGR ) launched by NSE will likely hit the GST bump, especially for the bullion dealers generating the gold receipts. EGRs are like depository gold receipts traded on the stock exchanges and held in demat accounts, just like shares which can be rematerialised for physical gold. As part of EGR framework, large importers, bullion dealers and retailers with ₹2…