Govt may introduce e-way bill on gold movement to check GST evasion

Currently, the movement of gold is excluded from the e-way bill system and the government is considering introduction of e-way bill on the movement of gold to plug evasion and arrest declining goods and services tax (GST) revenue collections. To ensure that the movement of gold is not tracked by robbers or other anti-social elements, an encrypted version of e-way bill is being considered by a panel comprising central and states officials. “E-way bill on gold is being examined by the law committee as a measure to tighten enforcement amid reports of GST evasion.