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E-way bill for interstate goods movement from April 1
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SME Times News Bureau | 24 Feb, 2018
The e-way bill, to be generated under the GST for all inter-state
movement of goods valued at over Rs 50,000, may become mandatory from
April 1, two months after it was originally planned.
The
recommendation of the Group of Ministers on Information Technology would
be considered by the Goods and Services Tax (GST) Council during its
March 10 meeting, the group convener and Bihar Deputy Chief Minister
Sushil Modi told reporters on Saturday.
However, the
implementation date for intra-state movement of goods is not yet decided
and it would be implemented in a phase-wise manner with four-five
states being allowed to come on board based on response to the
inter-state movement, he said.
The requirement of generating and
carrying e-way bill was to become mandatory from February 1 but it was
indefinitely postponed due to technological glitches.
Modi, who
is the state Finance Minister, said the infrastructure has been
substantially upgraded for smooth implementation this time with two
phases of load testing complete and the third phase to be completed in
the next few days.
"We are expecting 26 lakh to 50 lakh returns
to be filed per day which we expect to go up to 75 lakh in future. So we
are preparing for that," he said.
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 GST
stabilised following the rollout of the new indirect tax regime from
July 1 last year.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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78.25
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75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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