Gold to attract 3% tax under GST
The GST Council on Saturday announced that gold, silver, and processed diamonds will be taxed at 3% under GST. The tax slab for footwear below â¹500 has been fixed at 5%, while more expensive footwear will be taxed at 18%. Further, readymade garments will be taxed at 12%, while apparel costing below â¹1,000 will attract a tax of 5%.