“It was decided that if any state wants to implement e-way bill for gold, they can do so for intra- or within the state transportation,” Bihar Deputy Chief Minister Sushil Modi told .
During the meeting, while Kerala and Karnataka wanted e-way bill for inter-state movement of goods, Gujarat and Bihar felt it was not practical and feasible.
Modi, who also holds Bihar’s finance portfolio, also suggested e-invoicing for gold.
“It was decided to further study starting e-invoice for gold to tackle evasion and the proposal would be discussed further,” Modi said.
The GoM, set up by the GST Council in November 2019, was also tasked to suggest alternative ways and mechanism to control tax evasion on gold.
The final report of the GoM would be placed before the Council.
Under the goods and services tax regime, e-way bills are required for inter-state transportation of goods valued over Rs 50,000. However, gold is exempted.
In the electronic way (e-way) bill system, businesses and transporters have to produce before a GST inspector the e-way bill, if asked.
Currently, e-way bills have a validity of one day for every 100 km. For overdimensional cargo, like trucks, the validity is one day for every 20 km.