The GST Council meeting is to be held during 28-29 June 2022.
In the meeting, the report by the panel of state finance ministers, on the feasibility of implementation of the e-way bill requirement for the movement of the gold and precious stones is likely to be considered by the Council.
On account of the Intra-state movement of gold or precious stones (Rs. 2L and above), the GST Council is considering mandating the e-way bill generation.
In addition to the above, e-invoicing will also be mandated on certain B2B transactions.
Currently, the e-invoice requirement is mandatorily for businesses with a turnover of over Rs. 50cr. However gold and precious stones do not fall under this condition.
Source: Money Control
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