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The Sen Times

Economy / The Sen Times

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Gold, silver imports by banks, nominated agencies to attract 3 pc IGST

New Delhi, Oct 8 (PTI) Gold, silver and platinum imports by banks and nominated agencies attract 3 per cent IGST effective April 1, 2026, Revenue Secretary Arvind Shrivastava said on Thursday. The Government notified the GST Council on Thursday that the list of designated banks and agencies that attract IGST exemptions on gold and precious metal imports has not been extended beyond March 31, 2026, Shrivastava said. This is done to ensure parity of taxes imposed on gold and other precious metal imports through other routes, including bullion. Gold, silver and platinum imports attract a 3 per cent IGST, but

8 Oct 2026 9:58 pm