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Kerala to Implement E-Invoicing System in Gold Trade to Curb Tax Evasion

  • Kerala to implement e-invoicing system in gold business to prevent tax evasion
  • Massive tax evasions detected in the gold industry
  • Goods and Service Tax (GST) evasion of ₹488 crore detected in inspections
  • E-invoicing system to provide details of purchases to GST department and individuals
  • Audit mechanism introduced by the State to prevent tax evasion and strengthen tax collection
  • State’s tax intelligence system regarded as the best in the country by GST Council Secretariat
  • Leader of the Opposition criticizes government for failure in tax collection, especially in gold business sector

Source: thehindu.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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