Background

In the meeting of the GST Council it was decided and recommended that the e-way bill shall be introduced in a staggered manner from 1st January, 2018, and will be rolled out nationwide from 1st April, 2018.

E-way bill was also the part of VAT regime wherein it was created under the name of Delivery Note. This delivery note was carried along with the goods which provide the proof that goods being carried are already uploaded on the server of the department and hence no evasion of tax. The above system used to be manual system wherein the Delivery Notes were collected from the VAT department and later on its utilization statement is submitted.

Under GST, one system is being developed for the generation; cancellation etc. of E-way bill. If different states had separate systems for generation of E-way bill it would have resulted in difficulty to cross-verify of such E-way bill and also result in hindrance of movement of goods and free trade from one state to another.

“ E-Way Bill is an electronic way bill for movement of goods which can be generated on the e-Way Bill Portal. Transport of goods of more than Rs 50,000 in value cannot be made by a registered person without an e-way bill. ”

E-Way Bill in Brief

For more detail:

Download: Acquisory News Chronicle January 2018