E-way Bill Exempted for the Gems & Jewellery Industry
The industry welcomes Government’s move of exempting the e-way bill after GJF’s representation of the problem.
The post-GST era witnessed the implementation of Waybill compliance, wherein, supply of goods cannot happen without obtaining waybills from VAT authorities. However, E-way bill, an electronic bill for movement of goods that can be received on the GSTN (common portal) has been quite a challenge for the gems & jewellery industry.
Movement of goods equivalent to Rs 50,000 or more could not be moved without a registered person without an e-way bill. The concern surrounding this was represented by the GJF to the Government. On hearing the concern, the Government has decided to exempt the jewellery industry from the e-way bill.
After quite a few setbacks this year, this has been hopeful news for the industry. Chairman, GJF, Nitin Khandelwal thanked the Government for hearing the industry’s concern and acting on the same.