E-way Bill And GST

Likely to take up GoM report on feasibility of system for intra-state movement of precious metals

Some of the transporters were not open on April 1, the day the e-way bill was rolled out

The system has gone through three rounds of testing for its load-bearing capacity

The GSTR-3B for a month is required to be filed by the 20th day of the succeeding month

The first introduction of the GST bill regime had failed as the system crashed on the very first day on Feb 1 due to heavy load

With the postponement of the centralised e-way bill system through the GST Network, states are bringing back their old systems

axpayers and transporters need not visit any tax office or check post as the e-way Bill can be generated electronically in a self-service mode

Mumbai/New Delhi, 18 DecemberBurdened with greater documentation and compliance, consumer goods companies say the issue of interstate transfer of goods has not got easier with the e-way bill.On Saturday, the Goods and Services Tax (GST) Council decided to make the e-way bill compulsory for interstate movement of goods from February 1, replacing the transit pass system followed by individual states.The move is expected to act as an electronic surveillance of factory output and actual consumption of goods. But companies Business Standard spoke to argue the system may actually not aid smooth transfer of goods. An e-way bill, for the uninitiated, is a transport document showing whether goods have reached their destination or not. Companies and traders fear there could be increased harassment of truck drivers in the absence of a bill, coming at a time when firms in general have been grappling with challenges pertaining to stock transfers between states.Stock transfers here pertain to ...

The e-way bill can mar GST's promise