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February 2018
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E-Way Bill (The Total Investment & Insurance Solutions)
The
e-way bill, to be generated under the GST for all inter-state movement of goods
valued at over Rs 50,000, will become mandatory from Thursday, on the day of
the presentation of the Union Budget 2018-19 in Parliament.
The
implementation of this electronic documentation system, to track the movement
of goods and designed to prevent tax evasion, was put on hold until after the
Goods and Services Tax (GST) stabilised following the rollout of the new
indirect tax regime from July 1 last year.
All
states and union territories, except Lakshadweep, have joined the e-way bill
system, according to the GST Network (GSTN) officials here, while 13 states
have signed up for the intra-state part of the system.
The
e-way bill will also become mandatory for all movement of goods within a state
from June 1. The Total Investment &
Insurance Solutions
The
officials said that during the 14 day trial period starting from January 17,
transporters have generated 28.4 lakh e-way bills, with 3.4 lakh of these being
generated on January 30 alone. During this period, 11,581 transporters
registered themselves under the system.The
Total Investment & Insurance Solutions
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