E-way Bill Under GST Mandatory From February 1, 2018

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts


    The GST Council meet today decided to make e-way bill mandatory from February 1, 2018. The Council with Finance Minister Arun Jaitley at its helm met today through video conferencing to advance the decision regarding e-way bill under GST. Earlier it was proposed to make the e-way bill compulsory from next financial year.

    E-way Bill Under GST Mandatory From February 1, 2018
     

    With this ruling in place, the consignment of goods valued over Rs. 50000 will be delivered at a fast pace. Under the new indirect tax regime, delivery of goods valued over Rs. 50000 within or outside a state requires obtaining an e-way or electronic-way bill.

    Know more about E-way bill here.

    In a statement, finance ministry said, "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 states for seamless inter-state movement of goods,"

    For generating the e-way bill, consignment has to be first registered online. Transporter and supplier have to furnish all the requisite details on the GSTN portal and a unique EBN or e-way bill number will then be provided to supplier, transporter and recipient on a common portal.

    Goodreturns.in

    Read more about: e way bill gst ebn
    Story first published: Saturday, December 16, 2017, 15:36 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more