---
title: "Banks importing gold and precious metals will have to pay what percent tax under goods and services tax (GST), which can be claimed as input tax credit?"  
description: "Banks importing gold and precious metals will have to pay what percent tax under goods and services tax (GST), which can be claimed as input tax credit?"  
author: "Rohani Srivastava"  
published: 2018-03-10  
canonical: https://answers.mindstick.com/qa/38135/banks-importing-gold-and-precious-metals-will-have-to-pay-what-percent-tax-under-goods-and-services-tax-gst-which-can-be-claimed-as-input-tax-credit  
category: "general knowledge"  
tags: ["general knowledge"]  
reading_time: 1 minute  

---

# Banks importing gold and precious metals will have to pay what percent tax under goods and services tax (GST), which can be claimed as input tax credit?

Banks importing [gold](https://answers.mindstick.com/qa/31705/what-is-sovereign-gold-bond-scheme) and [precious metals](https://answers.mindstick.com/qa/103236/how-to-invest-in-precious-metals) will have to pay what percent [tax](https://www.mindstick.com/articles/323370/cost-saving-tips-for-small-businesses-during-tax-time) under [goods and services](https://answers.mindstick.com/qa/101686/can-you-explain-the-goods-and-services-tax-gst-in-india) tax ([GST](https://www.mindstick.com/articles/13121/gst-good-for-taxpayers-bad-for-government)), which can be claimed as [input](https://www.mindstick.com/interview/1546/html5-input-elements) tax [credit](https://www.mindstick.com/articles/85765/building-your-credit-score-when-you-re-an-uber-driver)?\


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Original Source: https://answers.mindstick.com/qa/38135/banks-importing-gold-and-precious-metals-will-have-to-pay-what-percent-tax-under-goods-and-services-tax-gst-which-can-be-claimed-as-input-tax-credit

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