Government Must Reduce Import Duty, GST On Gold To 7%, Say Experts

Budget 2021: The government should reduce the import duty on gold and goods and GSTto seven percent to boost gold trade, stated Ahammed MP, Chairman, Malabar Gold and Diamonds

Budget 2021: The government had offered Rs 25,000 crore stress asset fund for the uncompleted housing projects, increasing the differential from 10 to 20 per cent under Section 43(CA) till June 30, 2021

Congress leader Rahul Gandhi on Saturday said his party is committed to reconceptualising the Goods and Services Tax (GST) regime if voted to power at the Centre and assured ushering in ''one tax, minimum tax."

Taking a dig at Congress leader Rahul Gandhi after he said the United Progressive Alliance (UPA) will restructure Goods and Services Tax (GST) after coming to power, Minister of State for Home Affairs G Kishan Reddy on Sunday called the Wayanad MP an ''outdated'' politician, and said UPA will not come to power in his lifetime.

Budget 2021: Experts believe that for the long-term, the government must increase the investment for R&D, equipment, and medical infrastructure, to develop a stronger healthcare system

Budget 2021 should bring in amendments in the Income Tax and GST laws to offer more clarity to investors, traders, and crypto organizations, said Mr Sumit Gupta, CEO, and Co-Founder, CoinDCX

Having been at loggerheads with the Modi government over several issues such as GST dues, Jharkhand Chief Minister Hemant Soren has accused the Centre of acting "unilaterally" on several important matters and said states must be consulted to uphold the spirit of cooperative federalism.

Budget 2021: Corporates and industry leaders expect bold economic reforms from the upcoming budget as Finance Minister Nirmala Sitharaman has already said her upcoming budget will be like never before.

Gold Prices Today: Domestic spot gold closed at Rs 49,659 per 10 grams on Thursday, and silver at Rs 67,160 per kilogram - both rates excluding GST

Budget 2021: Reduction of GST tax rates to 18 per cent and introducing incentives for electric vehicle buyers in the upcoming budget can boost the demand in the automobile sector

Budget 2021: The government must re-introduce the input tax credit for food sales so that it helps in streamlining the entire agriculture commodities supply chain

Customers taking food delivery at their home or office are paying 13 per cent higher price compared to customers who walk down to restaurants as dine-in tax rate is 5 per cent

Gold Prices Today: Domestic spot gold closed at Rs 49,327 per 10 grams on Friday, and silver at Rs 65,420 per kilogram - both rates excluding GST

Gold Prices Today: Domestic spot gold closed at Rs 49,011 per 10 grams on Thursday, and silver at Rs 64,804 per kilogram - both rates excluding GST