GST will help establish traceability of gold: WGC

The rollout of the Goods and Services Tax (GST) on July 1 will get gold out of the shadows of black money and establish traceability, Somasundaram P. R., managing director, India World Gold Council said. There was a lack of clarity on the rate and on certain operational issues and the transition would be a time-consuming affair, he said. “It may take about 18 months for the industry to settle,” he…