Already grappling with the Goods and Services Tax transition, businesses are now anxious about how the roll-out of e-way bills will pan out. Starting February 1, all inter-State movement of goods worth over Rs.50,000 will be tracked with the introduction of the e-way bill system under the GST regime. All consignments moving more than 10 km from their origin will require prior registration and generation of an e-way bill through the GST Network, which will be valid for varying durations depending on the distance travelled. Given industry’s nervousness, the government must simplify the onerous rules proposed for e-way bills (a one-day validity for distances up to 100 km, for instance), ensure that the IT backbone is robust, and make inspections the exception, not the norm.
Transit gambit: on e-way bill mechanism for transport of goods
Date posted: Wednesday 20 December 2017
Tags: Featured, Indian Economy