E-way Bill to improve ease of doing business: CII 

E-way bill provisions have been implemented for inter-state movement of goods from April 1 to check tax evasion and boost revenues.

Published: 06th April 2018 08:04 PM  |   Last Updated: 06th April 2018 08:04 PM   |  A+A-

Image used for representational purpose. (File | PTI)


NEW DELHI: Industry body CII today welcomed the launch of the E-way Bill system for inter-state movement of goods under GST, saying it will pave the way for widening of the tax base, reduce logistics costs, and faster movement of goods.

Under the GST provisions, transporters are required to carry an electronic waybill when moving goods value exceeding Rs 50,000.

E-way bill provisions have been implemented for inter-state movement of goods from April 1 to check tax evasion and boost revenues.

The major relief to industry and business is in hassle-free movement of goods across state borders under GST (Goods and Service Tax) by removing the state barriers, which is a milestone for improvement in ease of doing business, CII said.

It is expected to help the transporter who does not have to stop at checkpoints and generate challan while crossing the state border, it added.

For intra-state movement of goods, e-way bill will be applicable from June 1, 2018 in a phased manner.

Under the new rules if both exempted and taxable goods are moved, only the value of the taxable supply will be considered for the purpose of generating an e-way bill.

"This will provide relief to the industry, especially FMCG companies that move all kinds of goods together," the industry body noted.

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp