State GST department holds tax raids on Kerala’s gold trade sector
The Kerala State GST department has initiated widespread tax raids across 79 locations, including jewellery showrooms and trader residences. The operation aims to uncover tax evasion, unaccounted stock, and other financial irregularities within the gold trade sector.
Why it matters
This crackdown highlights ongoing government efforts to formalize the gold trade and curb significant tax revenue losses in India's informal economy.
The State Goods and Services Tax (GST) department has launched tax raids on Kerala’s gold trade sector.
Conducted jointly by the intelligence and enforcement wings of the department, the raids are being carried out on 79 locations, including 35 jewellery showrooms, branches and residences of traders.
State GST officials said the raids began at 3 p.m. on Thursday (July 30, 2026). The Statewide inspections are aimed at unearthing tax evasion, illegal transactions and unaccounted stock and other GST-related irregularities.
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