Jewellers to take 12-18 months to stabilise post GST: World Gold Council

Council wants govt to mark gold in the 6-7% taxation slab

Although the proposed GST roll-out from July 1 is poised to usher in a more transparent and uniform tax structure, the gold industry is likely to take an immediate hit and will take at least 12-18 months to recover.

A majority of the industry's trade falls under the unorganised sector with the organised segement accounting for only 30 per cent of the total gold trade. Consequently, experts believe that the industry might need some extra time to make the transition into the new GST regime.

"Behavioural change is necessary in both the consumer and traders. Moreover, the inherent complexity of