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Ten states begin trial run for e-way bill
source: google images
Ten states, as well as Gujarat, Haryana and Bihar, on Tues joined the government’s centralized e-way bill system for inter-state transport of products by road below the GST regime to plug revenue leakages.
While Karnataka, Rajasthan, Uttarakhand and Kerala had started using e-waybill, six more states — Haryana, Bihar, Maharashtra, Gujarat, Sikkim and Jharkhand — joined the test started by the GST Network (GSTN), the company that provides IT backbone. The new regime can be necessary from next month with all inter- and intra-state movement across the country will be half-track from June.
Under the new system, for each inter-state movement of products on the far side ten kilometer with a worth of Rs 50,000 and on top of would require an e-way bill from February 1, an announcement said.
Other states also are doubtless to join us soon in this initiative.
Transporters and different tax payers not required to visit any tax workplace or check post under this method and therefore the E-way Bill can be generated electronically,” aforesaid GSTN corporate executive officer Prakash Kumar.
Transporters who need to obtain e-way bill should visit an ardent portal and register themselves by submitting the GSTIN details.
Transporters who are not registered below GST, will inscribe themselves below e-way bill system by providing their PAN or Aadhaar to get the e-way Bill. Those who will not access to a computer will generate one using their Android phones.
“E-way bill introduction seems to possess been hastened to plug revenue leakages which have crept in once introduction of GST. But it is necessary to introduce checks and balances to ensure that taxpayers aren’t annoyed and vehicles aren’t detained for minor transgressions.” said MS Mani, partner at Deloitte India.
There were some who are apprehensive regarding the move. “Hopefully, the business wouldn’t expertise this as a deterring method in their provide chain and would observe a lot of dealing following mechanism to reconcile revenues.
The govt. might need to re-look at the time-frame in terms of the validity (shelf life) of E-way bill considering bound sectors that are sensitive/ non-sensitive,” aforesaid Suresh Nandlal Rohira, a partner at Grant architect India.