🚨 Attention all gold, silver, and precious stone traders and manufacturers in Karnataka! 🚨

The Government of Karnataka has just dropped a bombshell 💣 that has left many of us scratching our heads. A new notification, No. 4-C/2023, has been issued, and it's all about the mandatory E-way bill for the movement of our beloved goods within the state.

Now, I know what you're thinking - what does this mean for us? Well, let me break it down for you. If you're a B2B seller of gold, silver, precious stones, and the likes within Karnataka, listen up!

This new regulation applies to you if your single sale hits the Rs. 2 Lakhs and above mark. Yep, you heard that right.

So, what's the deal with this E-way bill? Well, here's the lowdown: you'll need to generate an E-way bill for all your intra-state B2B sales that amount to Rs. 2 Lakhs or more.

This applies when either the seller or the purchaser is registered and is the one causing the movement of these precious goods.

But hold up, that's not all. Brace yourselves, B2C sellers! If your sale value hits the Rs. 2 Lakhs or more mark and the place of delivery mentioned on the invoice is somewhere other than your place of business, you'll also need that E-way bill in your arsenal.

And let's not forget about our registered folks receiving inward supplies. If you're causing the movement of goods, regardless of whether it's a purchase or not, you're also on the E-way bill train.

Now, I know this might raise a lot of questions and concerns, but fear not! We're all in this together, and we'll navigate these new waters hand in hand. Stay tuned for more updates and insights on how to tackle this latest challenge.

In the meantime, let's buckle up and ensure we're on top of our E-way bill game. Together, we'll conquer any obstacle that comes our way! 💪 #KarnatakaGovernment #EwayBill #PreciousGoods #Compliance #BusinessUpdates