GST council approves e-way bill
GST council approves e-way bill
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The commodity and service tax (GST) council on Saturday approved the implementation of the e-bill bill system from February 1 for carrying goods from one state to another. Some states can apply both interstate and state e-bills on a voluntary basis from February 1.

The e-pay system will be available from January 15. The source said that the e-way bill for the state-of-the-art transport of e-way bill goods will be mandatory from June 1. However, the e-bill system for movement of commodities within the state will start in phases in February.

"The Government is slowly introducing norms to capture transactions in goods more vigilantly. There has been a concern that e-way bills would result in delays and disruptions in trade movements. Though interstate movements under the VAT regime were tracked by states through an exchange of forms, intrastate transactions were free from such controls. However, e-way bills under GST shall change that with all transactions inter or intrastate being covered," she added.

However, Ansh Bhargava, head-growth and strategy at Taxmann while acknowledging the advantages of the new implementation opined that the success of the same is largely dependent on the efficiency of the GST Network (GSTN) and other such factors.

"The success of e-way bill implementation again depends upon the quick response of GSTN and the other facilities from GSTN would be highly appreciable if the e-way bill facility is provided on the mobile app so that taxpayers find it convenient to remain under ease of compliance. Stringent provisions of the e-way bill in regard to acceptance or rejection within stipulated time frame should be currently postponed for its effective implementation," he said.

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