Quick Summary
Starting January 1, 2025, transporting gold worth more than ₹10 lakh in Kerala will require an e-way bill, as announced by State GST Commissioner Ajith Patil. This landmark rule aims to curb tax evasion in the gold trade and enhance transparency in the industry. An e-way bill is a mandatory document for the movement of goods, ensuring proper compliance and tracking. This new regulation will apply exclusively to gold transported for commercial purposes and will not affect individuals carrying go
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FAQ :
The mandate will come into effect from January 1, 2025.
An e-way bill will be required for transporting gold valued at more than ₹10 lakh.
No, the regulation applies exclusively to gold transported for commercial purposes and does not affect individuals carrying gold for personal use.
The primary objective is to curb tax evasion in the gold trade and enhance transparency within the industry.
Yes, some gold traders have expressed concerns regarding increased administrative and financial obligations.
The government has reassured traders that the process will be streamlined to minimise disruptions.
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