GST: E-way bill system to be implemented from Feb 1 January 2, 2018
The goods and services tax (GST) provision requiring transporters to carry an electronic way bill or e-way bill when moving goods between states will be implemented from February 1, to check evasion and boost revenue by up to 20 per cent.
Once the e-way bill system is implemented, tax avoidance would become difficult, as the government would have details of all goods in transit above the value of Rs 50,000 and could spot a mismatch if either supplier or purchaser does not file tax returns
The e-way bill for inter-state movement will be implemented from February 1 and for intra-state movement from June 1,2018. The official said states had been given the option of choosing when they want to implement the intra-state e-way bill between February 1 and June 1.
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