Ferrying goods across states will now get quicker with the Goods and Service Tax (GST) Council approving on Saturday an all-India rollout of electronic-way (e-way) bill from February.
The GST Council also decided that rules for implementation of nationwide e-way Bill system for inter-State movement of goods on a compulsory basis will be notified with effect from February 1, 2018.”This will bring uniformity across the States for seamless inter-State movement of goods,” the ministry said in a tweet.
The council also decided that while the system for both inter-state and intra-state e-way bill generation would be ready by January 16, 2018, states may choose their own timings for implementation of e-way Bill for intra-State movement of goods on any date before June 1, 2018.
In an earlier meeting, the Council had decided that e-way bill ?- an electronic document generated on the GST Network portal ?- would be introduced in a staggered manner from January 1 and subsequently nation-wide from April 1.
However, the need to review the rollout timeline stems from revenue shortfall registered last month.
The GST revenue for October stood at Rs 83,346 crore, the lowest compared to the first three months since the implementation of GST from July 1. It was significantly down from the September figure of Rs 95,131 crore.
Jaitley had said yesterday that the Council has prepared schedule with regard to e-way bill to check evasion.
“I think Council has already taken decision with regard to time schedule, with regard to e-way bill itself. That will help in enhancing collection,” he had said.
Besides, sources said, invoice matching is also something that the Council will deliberate on tomorrow.
An e-way bill is required for movement of goods worth more than Rs 50,000. When goods are transported for less than 10 km within the state, the supplier or the transporter need not furnish details on the portal.