E-way bill will be rolled out from 1 April this year. On 10 March, at the 26th GST Council meeting, it was decided to relaunch the inter-state E-way Bill from April 1. The intra-state E-way Bill will be rolled-out later in the month in phases, the council had then told. In order to keep the roll out glitches free, the government has this time taken some important steps to simplify the entire process. Here are the significant points that suppliers and recipients must take a note of: E-way bill is required to be generated only when the value of consignment exceeds Rs.50,000 which includes tax but doesn’t include value of exempted goods; In case of movement of goods on account of job-work, the supplier of the registered job worker is required to generate the e-way bill; The validity of the e-way bill is one day up to 100 km (20 km in case of over dimensional cargo). For every 100 km or part thereafter, it’s one additional day. (Details in the link below)
E-way bill roll out from April 1: Key steps taken by government to simplify it
Date posted: Wednesday 28 March 2018
Tags: Featured, Indian Economy