govt wants to reduce foreign exchange outflow



as announced in 2017 early..govt wants to cut outflow of foreign exchange on imports of gold bullion...so it has promoted ..encouraged all individuals to come out with their old gold and sell it locally or take gold loans. so.....
If an individual keeps as collateral in bank and takes gold loan. He then defaults ..so the bank decides to auction the gold. As bank is not allowed to trade ..then how can bank charge gst?.upon handing over old gold to the bidder...an individual or a jeweller.pls advice..how will bank make invoice of sale.with gst or without gst.
 
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