e-way bill mechanism to be rolled out by June 2018

The all-powerful GST Councilon Saturday decided to implement the e-way bill mechanism throughout the country by June 1 next year, after reviewing the IT network readiness, an official statement said here.

PTI
New Delhi, Publish Date: Dec 17 2017 12:27AM | Updated Date: Dec 17 2017 12:27AM
e-way bill mechanism to be rolled out by June 2018Representational Pic

The GST provision requiring transporters to carry an electronic waybill or e-way bill when moving goods from one place to another, will be implemented by June 1, 2018.

The all-powerful GST Councilon Saturday decided to implement the e-way bill mechanism throughout the country by June 1 next year, after reviewing the IT network readiness, an official statement said here.

In the pre-GST era, supply of goods happened only after obtaining these 'waybills' from VAT authorities. A waybill is a physical document that allows movement of goods. Compliance of waybills was an issue.

Under the Goods and Services Tax (GST) regime, the waybill is replaced by an e-way bill which aims at mitigating the problems caused by waybill compliance.

E-way bill is an electronic way bill for movement of goods which can be generated on the GSTN portal. Movement of goods of more than Rs 50,000 in value cannot be done by a registered person without an e-way bill.

When an e-way bill is generated, a unique e-way bill number (EBN) is allocated and is available to the supplier, recipient, and the transporter.