Kerala to Implement E-Way Bill for Gold and Precious Metals from January 20, 2025
By: Admin
Date: January 20, 2025
Categories: State GST Notification and Circular
Reading Time: 4 Minutes
The Kerala State Goods and Services Tax Department announced that the e-way bill system for intra-state movement of gold and precious stones will take effect on January 20, 2025. This system, introduced under Rule 138F of the Kerala GST Rules, 2017, was outlined in Notification No. 02/2025-State Tax, issued on January 17, 2025.
Key Details of the Notification
Implementation Date: January 20, 2025
Applicable Goods:
- Gold
- Precious stones
Governing Rules: Rule 138F of the Kerala GST Rules, 2017
Background:
- Notification No. 10/2024-State Tax (dated December 27, 2024) first announced the system.
- However, technical challenges with the e-way bill portal delayed its implementation.
- The issue was resolved through Notification No. 1/2025-State Tax (dated January 8, 2025), allowing for the revised start date.
Explanatory Note
Initially, the e-way bill system for gold and precious stones was scheduled to begin on January 1, 2025. However, due to technical issues, the government decided to postpone the rollout. With these problems addressed, the new implementation date of January 20, 2025, gives businesses enough time to prepare.
Additionally, this system supports Kerala’s ongoing efforts to improve tax compliance and ensure greater transparency in the trade of high-value goods.
Implications for Businesses
- Mandatory Compliance:
From January 20, 2025, traders and businesses involved in the intra-state movement of gold and precious stones must generate e-way bills to comply with the rules. - Enhanced Monitoring:
The system will help authorities track goods more efficiently and reduce the risk of tax evasion in the trade of precious metals. - Preparation Required:
To comply, businesses should register on the e-way bill portal and familiarize themselves with Rule 138F’s requirements.
Stay Prepared
To ensure a smooth transition, businesses should update their processes and train their teams for compliance. Furthermore, it is crucial to monitor Kerala GST Department’s notifications and guidelines to stay informed about any future updates.
