EGR Revolution in India: How Electronic Gold Receipts Are Transforming Gold Investment and GST Compliance - Taxscan

Introduction Gold has always held a special place in Indian households. From weddings and festivals to investments and savings, Indians have traditionally trusted physical gold as a secure asset. However, there are problems associated with storing actual gold, including theft, impurity issues, storage expenses, and a lack of transparency. India implemented the ElectronicGold Receipt (EGR) system,…