E-way bill for gold and other preceious metal transport

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Transporting gold and other precious metals valued at Rs. 2 lakhs or more within a state now requires an e-way bill, following the 50th GST council meeting's decision. This applies to movements for supply, sale, or other reasons, and also when a registered person receives such items from an unregistered entity. The National Informatics Centre (NIC) has updated its portal to facilitate e-way bill generation specifically for gold and precious stones.

BALAMURUGAN GOPAL

BALAMURUGAN GOPAL (Querist)

22 May 2024 Hi

Anybody can help me out for below query?

Is the E-way bill applicable for the transport of gold and other precious metals?

Thanks in advance.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

23 May 2024 Yes, 50th GST council meeting on 11.07.2023, made it mandatory, vide the CGST Notification 38/2023.

According to the notification, Anyone transporting gold and precious metals valued at Rs. 2 lakhs or more within a state will be required to generate e-way bills, if the state/UT GST laws notifies so. Such movement could be either due to a supply or sale or other than sale/supply. Further, if a GST-registered person receives gold or precious stones above the consignment value limit given above from an unregistered person, then also part-A of e-way bill is needed to be furnished/generated.

Earlier, on 12th September 2022, the National Informatics Centre (NIC) released an update on the e-way bill portal regarding the generation of e-way bills for the movement of gold, gold jewellery and precious stones.
One can navigate from their dashboard to the tab ‘e-way bill’ on the left-hand side of the dashboard → click on ‘EWB for Gold’ to enter the Part-A details. It opens up the ‘e-way bill for gold entry form’ where the user needs to enter the invoice details, sender and receiver address.

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BALAMURUGAN GOPAL

BALAMURUGAN GOPAL (Querist)

25 May 2024 Thanks for your comments, sir

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Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

25 May 2024 You are welcome..

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