E-Way Bill generation provisioned for movement of Gold - TaxGyata

1. https://www.taxgyata.com/ E-Way Bill generation provisioned for movement of Gold As per the Government recommendation, E-Way Bill generation has been provisioned for movement of Gold (HSN Chapter 71) for all Intrastate and Interstate transactions. The taxpayers of the state may generate the E-Waybill for Gold as per the notification issued by their respective states. The e-Waybill for Gold is available as a separate option in the main menu. The e-Waybill for Gold has all the same parameters as that of normal e-waybill except that such e-waybills will not be updated with Part-B details. The validity of such e-Waybill is calculated based on the pin to pin distance of origin and destination. For generating E-Waybill for Gold it is mandatory that all the items must belong to the HSN Chapter 71 only. In case of items belonging to other HSN chapter along with HSN chapter 71 exist, then it may be treated as a normal e-Waybill and may be generated along with Part-B details. The changes in functionalities with respect to e-Waybill for Gold are as follows: ● No Part-B details can be updated ● Transporter update is not allowed ● Consolidated EWB cannot be generated ● Extension of e-waybill is allowed without updating Part-B details ● Multivehicle facility is not allowed However, there is no change in cancellation and rejection of e-way bill. Until now, there was no requirement to generate an e-way bill for transportation of gold whether it was inter-state or intra-state irrespective of the value of goods. In the 47th GST Council Meeting, it was left to states to decide whether they wanted to make e -way bills mandatory for intra-state movement of gold. Based on the above decision, a provision has been made on the e-way bill portal for the generation of e-way bills for the transportation of gold. National Informatics Centre issued an update about the nuances of the e-way bill for gold on 12th September 2022 When e-way bill will be mandatory for gold?

2. https://www.taxgyata.com/ If the state has notified the requirement for the generation of an e-way bill in which taxpayer is registered. The taxpayer should check the notifications, and exemptions issued by their respective state in this regard. ● E-Waybill for Gold will be mandatory when all the items belong to HSN Chapter 71 only. ● Part-A of E-way Bill for gold It will have all the required details similar to any other e-way bill ● GSTIN of supplier ● GSTIN of recipient ● Address of supplier ● Address of recipient ● Invoice number ● Invoice date ● Value of goods ● HSN Code Cancellations and rejection of e way bill of gold will be similar to e way bill of goods consignment. The validity of the e-way bill will be calculated based on the pin-to-pin distance of origin and destination and have the same parameters as that of a normal e-way bill Part-B of E-way Bill for gold ● Due to safety concerns, the generation of an e-way bill for gold will not require updating of part B i.e. details of vehicle number and details of transporter shall not be provided. ● Extension of e-way bill is permitted but without updation of Part-B details (Responsibility of extension of e-way bill will be with the consignor/consignee and not the transporter). ● Consolidated e-way bills cannot be generated. ● The multi-vehicle facility will not be available for the e-way bill of gold.

3. https://www.taxgyata.com/ Conclusion Certainly, the Government has tried to address the safety considering the value of goods and the risk of theft, robbery, and loot by not updating the details of part B of e way bill. How only generation of part A of the e-way bill will benefit the Government or people in the business of Gold will be known in times to come. GST Goods and Service Tax GST News Read more at: https://www.taxgyata.com/ap/eway-bill-generation-provisioned -for-movement-of-gold/