Karnataka to introduce track-and-trace system to plug GST leaks

Bengaluru: The Karnataka Assembly on Thursday passed a Bill to introduce a track-and-trace mechanism to plug Goods and Services Tax (GST) leakage in tobacco and arecanut products. "There's a big tax leakage when it comes to tobacco and arecanut products. Pan masala and gutka...there's a huge difference between sales and what's being declared," Revenue Minister Krishna Byre Gowda, who represents Ka…