GST Council nod for mandatory e-Way Bill for inter-state goods movement

Image
IANS New Delhi
Last Updated : Dec 16 2017 | 2:30 PM IST

For a seamless movement of goods across states, the Goods and Services Tax (GST) Council on Saturday decided to go for early implementation of e-Way Bill for inter-state movement of items from February 1 and uniform mandatory compliance from June one next year.

"The rules for implementation of nationwide e-way Bill system for inter-State movement of goods on a compulsory basis will be notified with effect from February 1, 2018. This will bring uniformity across the states for seamless inter-state movement of goods.

"But in any case uniform system of e-way Bill for inter-State as well as intra-State movement will be implemented across the country by 1st June, 2018," a finance ministry press release said here after the 24th meeting of the GST council held through video conference.

An e-Way Bill is required for movement of goods worth more than Rs 50,000.

The nationwide e-way Bill system will be ready to be rolled out on a trial basis latest by January 16, 2018. Trade and transporters can start using this system on a voluntary basis from January 16, 2018.

"While the system for both inter-state and intra-state e-Way Bill generation will be ready by January 16, 2018, the states may choose their own timings for implementation of e-Way Bill for intra-state movement of goods on any date before June 1, 2018," the statement clarified.

There are certain states which are already having system of e-Way Bill for intra-state as well as inter-state movement and some of those states can be early adopters of national e-Way Bill system for intra-state movement also, it said.

Till such time as National e-way Bill is ready, the states were authorised to continue their own separate e-Way Bill systems.

"However, it was represented by the trade and transporters that this is causing undue hardship in inter-state movement of goods and therefore, bringing in an early all India system of e-Way Bill has become a necessity."

As the total revenue collected under GST fell by around 10 per cent to Rs 83,346 crore for the month of October from over Rs 92,000 crore in September, the government felt since implementation of some of the main features of GST such as matching of returns, e-way bill as well as reverse charge mechanism have been postponed, the tax compliance was not up to the mark.

--IANS

vv-ag/vsc/vm

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 16 2017 | 2:24 PM IST

Next Story