Nation all geared up for ‘E-Way’ bill; Read here to know!

NewsBharati 07-Mar-2018

Total Views |

New Delhi March 7: After instilling GST, nation gears up for ‘e-way bill’! The transporters will mandatorily have to carry ‘e-way bill’ when moving goods of more than Rs.50,000 from one place to another. From 1st June 2018 ‘e-way bill’ rules for intra-state transport will uniformly apply to all states.

In a written reply to a question in Rajya Sabha, Minister of State for Finance Shiv Pratap Shukla clarified that as per an earlier decision of the Goods and Services Tax (GST) Council, states may choose any date before June 1 to implement the e-way bill, by exercising the powers under Rule 138A(5) of CGST/SGST Rules, 2017 jointly by the central and respective state governments.

Finance Minister, Arun Jaitley, said ‘e-way bill’ will help dealers who do inter-state transactions in multiple states as e-way bill process will now be common across states. Arun Jaitley informed this during 25th GST Council meeting.

What is an e-way bill?

The National e-Way bill system is an online document, that will help transporters for movements of goods of more than Rs.50,000 from one place to another.

How can you generate e-way bill?

E-way bill can be generated through SMS, Android App and by Site-to-Site Integration (through API). When an e-way bill is generated a unique e-way bill number (EBN) is allocated and is available to the supplier, recipient, and the transporter.

By June, Centre has given time for implementation of the e-way bill to all the states, so that the transporter who is buyer or seller of goods in a bulk will start use of it and can deliver his goods at any part of the country without facing any hurdle.

e-Way GST Finance Minister.