GST rate on gold at 3% too much? Could boost smuggling
 

http://img-s-msn-com.akamaized.net/t...6&q=60&o=f&l=fA hike in taxes on gold sales in India could stoke under-the-counter buying and drive up an appetite for precious metal smuggled into the country, where millions of people store big chunks of their wealth in bullion and jewellery.

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