GSTN Advisory: Introduction of E-Way Bill for Gold in Kerala Effective 20th Jan 2025

The GSTN has issued an advisory regarding the introduction of an e-way bill for gold in Kerala, effective from 20th January 2025. This move mandates that any movement of gold within the state will require the generation of an e-way bill, ensuring that gold is tracked and taxed appropriately. This measure aims to prevent the evasion of taxes in the gold sector, which is known for its significant unreported transactions. It’s a step towards improving transparency and compliance in the gold industry, which has been a critical focus of the Kerala state government. Dealers and traders involved in the gold business must comply with this new requirement to avoid penalties and fines, contributing to better governance and regulation of this high-value commodity.