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Central excies on gold
In GST Rate of Tax for gold has been increased to 3% Where as it is at 1 % in VAT.
My Doubt is Whether the 1% Charge on Central Excise will Continue to be imposed or is there any change in this rule?
Replies (2)
Excise has been subsumed in GST... SO NO MORE EXCISE ON GOLD
VAT & excise merged in GST.So 3% is single rate no more excise charged on it.
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