E-WayBill is an instrument that every registered person under GST or a transporter has to generate before starting with the transportation of goods in order to validly carry goods. However, the eway bill is necessary to issue in the certain case:-
The case is when the goods exceed the value of Rs. 50,000 in relation to the supply of goods or for reasons other than supply or due to inward supply from an unregistered person.
Talking of the latest update as released by the E-WayBill System, it is said by the GST Department that generating eway bill for gold may now become possible for the taxpayers (comprising items belonging to HSN Chapter 71 only) for intrastate and interstate transactions.
In the 47th GST Council Meeting, it was in the left in the hands of state to decide whether generating a bill for transporting goods will be mandatory or not for intrastate and interstate supply of gold. And for the same, a provision has come on the e-way bill portal.
National Informatics Centre has issued an update about the nuances of the eway bill for gold on September 2022. On the E-waybill portal, the latest update has come as a one-liner informing “e-Waybill for gold will be available only after the notification is issued by the state government.
Therefore, eway bill for gold will be mandatory when all the items belong to HSN Chapter 71 only.
Categories of Gold under Chapter 71
| HSN | Description of Goods | GST Rate (%) |
| 7108 | Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form | 3 |
| 7109 | Base metals or silver, clad with gold, not further worked than semi-manufactured | 3 |
| 7111 | Base metals, silver or gold, clad with platinum, not further worked than semi-manufactured | 3 |
| 7112 | Waste and scrap of precious metal clad with previous metal; other waste and scrap containing precious metal or precious metal compounds, of a kind used principally for the recovery of precious metal | 3 |
| 7113 | Article of jewellery and parts thereof, of precious metal or [ of metal clad with precious metal | 3 |
| 7114 | Articles of goldsmiths or silversmiths wares and parts thereof of precious metal or of metal clad with precious metal | 3 |
| 7115 | Other articles of precious metal or of metal clad with precious metal | 3 |
| 7118 | Coin | 3 |
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