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E-way bill exemption for gold turns boon for tax evaders

  • Jul 13, 2020 | Divita S Gupta

E-way bill exemption for gold turns boon for tax evaders

After seeing a drastic fall in the tax revenue from gold sales, the State Government of Kerala has asked the GST council to reverse the exemption of e-way bill for the transport of gold and make e-way bills mandatory. The Kerala State finance minister stated that the tax revenue at the end of the VAT regime was ₹627 crore a year and had fallen to ₹220 crores per year under the GST regime. Tax authorities have stated that jewellers in Kerala are utilising the e-way bill exemption for illegal trade worth crores of rupees. Moreover, traders are using this exemption to their advantage to smuggle gold across the country.

Avalara helps businesses of all sizes get GST return filing, e-way bill generation and e-invoicing right with cloud-based GST compliance solutions in India. Goods and Services Tax (GST) rates, rules, and regulations change frequently. Although we hope you'll find this information helpful, this blog is for informational purposes only and does not provide legal or tax advice.
Avalara Author
Divita S Gupta
Avalara Author Divita S Gupta
Divita has served as a writer and editor for top financial services organizations in India. She has written on topics like mutual funds, insurance, taxes, SME financing for globally recognized banking and financial organizations including ICICI, Aditya Birla Group, News Corp. With a Masters in Business Administration from Symbiosis International University, she currently owns a small business in Mumbai.

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