4 States Implementing E-Way Bill On A Pilot Basis Generate 1.4 Lakh Bills Per Day

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    As per the decision of GST Council all the states in India are required to roll out e-way bill system from February 1. But few of the states including Uttarakhand, Karnataka, Rajasthan and Kerala have started with the mechanism on a pilot basis till January 31 and the GST Network portal reports generation of 1.4 lakh bills per day.

    The e-way or electronic way bill requires all registered individuals who are involved in the transport of goods across more than 10 km and valued at over Rs. 50000 to generate an electronic-way bill. This is done to check tax evasion as all such movement of goods will be recorded in the database of GSTN.

    4 States Implementing E-Way Bill On A Pilot Generate 1.4 Lakh Bills Per Day

    "Taxpayers and transporters need not visit any tax office or check post as the e-way bill can be generated electronically in a self-service mode. The new system enables generation of e-way bill on the portal, through mobile App, through SMS and for large users using offline tool," Prakash Kumar, CEO, GSTN, said.

    An e-way bill that can be generated by supplier, recipient or transporter needs to feature the latest vehicle number that is used for the transportation of goods. In case of breakdown of the vehicle, the same can be updated in the records of GSTN by the person generating the e-way bill. For faster verification process, the quick response or QR code would be provided.

    Further, the GST Network reiterated that beginning February transporters will no longer require separate transit pass as the issued e-way bill will stand valid throughout India.

    Goodreturns.in

    Read more about: gst e way bill gstn
    Story first published: Saturday, January 13, 2018, 12:11 [IST]
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