The GST provision requiring transporters to carry an electronic way bill or e-way bill when moving goods between states should be implemented from April 1, a group of state finance ministers recommended on Saturday.
GoM head and Bihar Deputy Chief Minister Sushil Kumar Modi said the requirement for intra-state movement of goods of more than Rs 50,000 value would be introduced in phases after assessing the response for inter-state movement.
We recommended that from 1st April 2018 E-Way bill should be made mandatory. This is subject to the approval of GST Council: Sushil Modi at the GoM (Group of Minister) to resolve IT challenges faced in GST implementation #Delhi pic.twitter.com/PtH0vt5Hv7— ANI (@ANI) February 24, 2018
After implementation of the Goods and Services Tax (GST) from July 1, the requirement of carrying e-way bill was postponed pending IT network readiness. It was implemented from February 1 but the system crashed and its implementation was deferred.
Modi said the recommendation of the panel would be considered by the GST Council at its meeting on March 10.
26 to 30 Lakh E-Way bills are expected to be generated when we are expected to implement E-Way bills by 1st April 2018: Sushil Modi, Deputy CM & Finance Minister of Bihar at the GoM (Group of Minister) to resolve IT challenges faced in GST implementation #Delhi pic.twitter.com/GyEFrPzuhH— ANI (@ANI) February 24, 2018
Besides plugging tax evasion, the e-way bill is supposed to boost revenues by 15-20 per cent.
E-way bill is an electronic way bill for movement of goods which can be generated on the GSTN (common portal). Movement of goods of more than Rs 50,000 in value cannot be made by a registered person without an e-way bill.
The e-way bill can also be generated or cancelled through SMS. When an e-way bill is generated, a unique e-way bill number (EBN) is allocated and is available to the supplier, recipient, and the transporter.