At present, e-way bills are compulsory for both intra-state and inter-state movement of all consignments valued over Rs 50,000, except for gold.
The Goods and Services Tax (GST) Council is likely to consider, at its meeting next week, imposing e-way bills for the movement of gold and precious stones within a state.
This is based on the recommendations of a group of ministers (GoM) headed by Kerala Finance Minister K N Balagopal, which is expected to table its report at the Council’s meetings on Tuesday and Wednesday, said government officials in the know.
The move, if approved by the Council, will help track the movement of gold and could aid in detecting tax evasion and smuggling amid rising prices of the yellow metal. Gold is viewed as a hedge against inflation and a safe-haven investment during adverse times.
First Published: Jun 23 2022 | 9:46 PM IST