The Group of Ministers (GoM) on Goods and Services Tax-Network (GST-N) today announced that the electronic-way bill generation for intra-state movement will become mandatory from April 1, 2018.<\/p>\n
Addressing the media, Bihar Deputy CM Sushil Kumar Modi, who heads the GoM on GST-N, said that the ministerial group made recommendation in this regard to the GST Council.<\/p>\n
\u201cThis is subject to the approval of GST Council,\u201d he added.<\/p>\n
According to him, 26 to 30 lakh e-way bills are expected to be generated after its implementation.<\/p>\n
The recommendation of the GoM would be considered by the GST Council at its meeting on March 10.<\/p>\n
Earlier this month, the Ministry of Finance had sought a report from GST-N on glitches in the system that derailed the anti-tax evasion electronic-way bill system on the very first day of launch. The e-way bill provision of the GST was introduced on February 1 but its implementation was put on hold after system developed glitches in generating permits.<\/p>\n
The Ministry had said that it wants GST-N to detail system readiness before re-introducing the requirement for transporters to carry an e-way bill for moving goods between states.<\/p>\n
Under GST, e-way bill is an electronic way bill required for movement of goods more than Rs 50,000 in value and can be generated on the GSTN. Besides plugging tax evasion, the e-way bill is supposed to boost revenues by 15-20 per cent.<\/p>\n
The e-way bill portal was developed by the National Informatics Centre (NIC), Its implementation is being looked after by GST-N.<\/p>\n
The e-way bill system was rolled out after GST-N conducted trial runs for a fortnight. However, it could not sustain the load and businesses faced difficulties on the rollout day. Following complaints, the government deferred its implementation.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Group of Ministers (GoM) on Goods and Services Tax-Network (GST-N) today announced that the electronic-way bill generation for intra-state movement will become mandatory from April 1, 2018. Addressing the media, Bihar Deputy CM Sushil Kumar Modi, who heads the GoM on GST-N, said that the ministerial group made recommendation in this regard to the […]<\/p>\n","protected":false},"author":1,"featured_media":23003,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-23002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/23002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=23002"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/23002\/revisions"}],"predecessor-version":[{"id":23004,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/23002\/revisions\/23004"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/23003"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=23002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=23002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=23002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}