Budget proposes GST amendment: Track and Trace Mechanism for evasion prone goods

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....udget proposes GST amendment: Track and Trace Mechanism for evasion prone goods<BR>Budget<BR>Dated:- 1-2-2025<BR>PTI<BR>New Delhi, Feb 1 (PTI) The Union Budget has proposed a host of amendments in GST....

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.... 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 ....

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....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. ....

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.... 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 digitisatio....

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....n and better supply chain monitoring. PTI JD JD SHW<BR> News - Press release - PIB....