New Delhi, Feb 1 (PTI) The Union Budget has proposed a host of amendments in GST law, including implementing the Track and Trace Mechanism, for evasion-prone goods.

The budget inserted a new clause in Central GST law to provide for a definition of Unique Identification Marking for the implementation of Track and Trace Mechanism.

"Unique identification marking" includes a digital stamp, digital mark or any other similar marking, which is unique, secure and non-removable.

AMRG & Associates Senior Partner Rajat Mohan said the introduction of penalties under new sections like 122B and 148A to enforce track and trace mechanisms indicates a strong push towards digitisation and better supply chain monitoring. PTI JD JD SHW

Track and Trace mechanism for evasion prone goods mandates digital unique identification marking with penalties to enforce compliance. The Budget proposes a statutory framework to implement a Track and Trace Mechanism in GST law for evasion prone goods, defining Unique Identification Marking to include digital stamps, digital marks or similar secure, non removable markings and introducing penalty provisions to enforce compliance with marking and tracking requirements.