News > E-way bill mandatory for gold trade above ₹10 lakh from January 1

E-way bill mandatory for gold trade above ₹10 lakh from January 1

This rule, announced by State GST Commissioner Ajith Patil, is intended to prevent tax evasion in the gold trade. The new rule applies only to gold transported for commercial purposes and does not affect gold carried for personal use. While gold traders have expressed concerns about the potential administrative and financial burdens of this regulation, authorities maintain that it is necessary to ensure transparency and compliance within the industry.