Govt fixes GST rates on all items: Impact on sectors and stocks

    Finance Minister Arun Jaitley over the weekend announced GST rates for a number of commonly-used items, including footwear, apparels and gold, following the 15th meeting of the GST Council. We have analysed the impact on some of the major commodities. Gold, gold jewellery, silver and diamond will be taxed at a GST rate of 3% against the current effective rate (excise plus VAT) of 2%.…