Inter-state Electronic-way system to be made compulsory from February 2018
By MYBRANDBOOK
The GST Council has today decided to make the electronic-way bill compulsory from February 1. If implemented, the bill will come two months ahead of the earlier plan and will thus make ferrying of goods quicker across states.
Under the Goods and Services Tax (GST) rules, ferrying goods worth more than Rs 50,000 within or outside a state will require securing an electronic-way or e-way bill by prior online registration of the consignment.
“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,” the finance ministry said in a statement.
The Council, headed by finance minister Arun Jaitley, met earlier during the day via video conference to advance the implementation of e-way bill under the Goods and Services Tax (GST).
To generate an e-way bill, the supplier and transporter will have to upload details on the GST Network portal, after which a unique e-way bill number (EBN) will be made available to the supplier, the recipient and the transporter on the common portal.
The national e-way bill system will be rolled out on a trial basis latest by 16th January, 2018.
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