{"id":6329,"date":"2017-12-19T16:50:12","date_gmt":"2017-12-19T16:50:12","guid":{"rendered":"https:\/\/sunkrish.com\/?p=6329"},"modified":"2017-12-19T16:58:23","modified_gmt":"2017-12-19T16:58:23","slug":"gst-council-makes-inter-state-e-way-bill-compulsory-from-february-1-2018","status":"publish","type":"post","link":"https:\/\/sunkrish.com\/index.php\/2017\/12\/19\/gst-council-makes-inter-state-e-way-bill-compulsory-from-february-1-2018\/","title":{"rendered":"GST Council makes inter-state e-way bill compulsory from February 1, 2018"},"content":{"rendered":"
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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,\u201d the finance ministry said in a statement.<\/span><\/strong><\/figcaption><\/figure>\n

Ferrying goods across states may get quicker as the GST Council today decided to make rollout of all India electronic-way bill compulsory from February 1, two months ahead of the earlier plan.<\/p>\n

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\u201cThe 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,\u201d the finance ministry said in a statement.<\/p>\n

 <\/p>\n

The decision comes after the Council, headed by finance minister Arun Jaitley, met earlier during the day via video conference, to decide upon the advancement of the implementation of e-way bill under the Goods and Services Tax (GST).<\/p>\n

 <\/p>\n

Under 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.<\/p>\n

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.<\/p>\n

 <\/p>\n

The Council had decided that till such time as the national e-way Bill is ready, the states were authorised to continue their own separate e-way bill systems. The finance minister had said that system will be introduced in a staggered manner, with effect from January 1, 2018, adding that the document will be made applicable on an all-India basis from April 1.<\/p>\n

 <\/p>\n

\u201cIt was represented by the trade and transporters that this (lack of national e-way bill) is causing undue hardship in the inter-state movement of goods and therefore, bringing in an early all India system of e-way Bill has become a necessity,\u201d the ministry said.<\/p>\n

 <\/p>\n

As a nationwide e-way bill system will be ready for implementation on a trial basis by January 16, transporters can start using this system on a voluntary basis from the same date, it said.<\/p>\n

 <\/p>\n

While the system for both inter and intra-State e-way bill generation will be ready next month, the Council decided that states may choose their own timings for implementation of the document for intra-state movement of goods on any date before 1st June, 2018.<\/p>\n

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\u201cThere are certain States which are already having system of e-way bill for intra-state as well as inter-state movement and some of those states can be early adopters of national e-way Bill system for intra-state movement also. But in any case, the uniform system of e-way bill for inter-state as well as intra-State movement will be implemented across the country by 1st June, 2018,\u201d the statement said.<\/p>\n

 <\/p>\n

According to Abhishek A Rastogi, Partner, Khaitan & Co, the government should check the system thoroughly so that there is no disruption in movement of goods.<\/p>\n

 <\/p>\n

\u201cThe fair balance for mandatory inter-state e-way bill compliance from February 1 will have to be maintained. This compliance will reduce tax evasions but may pose some problems for businesses in movement of goods…while compulsory intra-state e-way bill compliance will happen from June 1, the government should be clear whether these provisions will be applicable for supplies which are out of the GST net,\u201d Rastogi said.<\/p>\n

 <\/p>\n

Another expert said that the immediate call to advance the implementation of e-way bill reflects that some serious gaps in the system have been noticed by the government.<\/p>\n

\u201cThe downfall in the revenue on account of GST, goods crossing the state borders unaccountable by few taxpayers, etc. could be the reasons for the early implementation of e-waybill as this form will forcefully make the taxpayer accountable in the absence of matching of invoices which is currently postponed,\u201d Ansh Bhargava, Head Growth & Strategy, Taxmann said.<\/p>\n

 <\/p>\n

Source: MoneyControl.com <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ferrying goods across states may get quicker as the GST Council today decided to make rollout of all India electronic-way bill compulsory from February 1, two months ahead of the earlier plan.   \u201cThe rules for implementation of nationwide e-way … Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":5373,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,493,491],"tags":[574,298,305,535,972,295],"class_list":["post-6329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-corporate-services","category-economy-business-updates-corporate-affairs","category-income-tax-e-filing-of-returns-for-individuals-partnerships-companies","tag-arun-jaitley","tag-ease-of-doing-business","tag-economy","tag-goods-and-services-tax-gst","tag-gst-network-gstn","tag-taxation"],"_links":{"self":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/6329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/comments?post=6329"}],"version-history":[{"count":4,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/6329\/revisions"}],"predecessor-version":[{"id":6333,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/6329\/revisions\/6333"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media\/5373"}],"wp:attachment":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media?parent=6329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/categories?post=6329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/tags?post=6329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}