Live
- Host of events mark ‘RTI and LCI Week’
- Lions Club joins hands with Lendi NSS unit
- 42 gamblers held; Rs 17.34L seized
- Rights forum to take out a rally on Nov 26
- NEP will bring major changes in edu system: MP
- Cyberabad EOW arrest 8 persons for investment fraud
- Power staff remove creepers around poles
- Waqf Board has more powers than Supreme Court: MP Konda
- Govt to roll out mobile cancer screening vehicles in all dists
- VPA holds high-level review on NAVIC Cell 21
GST Council approves inter-state e-way bill compliance from Feb 1
The Goods and Services Tax (GST) Council on Saturday approved the inter-state e-way bill compliance, to be effective from Februray 1, and compulsory intra-state e-way bill compliance effective June 1.
New Delhi: The Goods and Services Tax (GST) Council on Saturday approved the inter-state e-way bill compliance, to be effective from Februray 1, and compulsory intra-state e-way bill compliance effective June 1.
As per the Finance Ministry sources, the GST Council approved e-way bill implementation roadmap in its 24th meeting chaired by the Union Finance Minister Arun Jaitley via video conferencing.
The e-way bill system will be ready by January 16 for trial runs and the states which are ready, may roll-out inter-state, intra state e-way bill from February 1, added sources.
E-way bills would aid India's logistics ecosystem and will lead to a reduction in pricing of road freight.
E-way bill will require online registration for movement of goods worth more than Rs. 50,000, easing the movement of freight further, and bring in more transparency in the whole process.
Earlier in October, the GST Council in its 22nd meeting had recommended that the e-way bill system should be rolled out in staggered manner from January 2018 and shall be nationwide effective April 2018.
