GST E WAY BILL SYSTEM IMPLEMENTED NATIONWIDE FROM 01.02.2018
24th council meeting on GST was held on 16th December 2017 under the chairmanship of Shri Arun Jaitley. The major decision taken in this council meeting was the introduction of an e-way bill system which will be effective nationwide from 1 Feb 2018 in order to track interstate movement of goods.
What is E way bill system?
Under E way bill system, No goods worth more than Rs 50,000 can be moved from one place to another without having Eway bill which will be generated online from GST web portal.
Trial runs from 16th January 2017
The e-way bill system will be started from 16th January 2017 on a trial basis so that traders and transporters can learn how the system works and they can understand everything before it becomes compulsory in all over the country.
E-Way Bill Rules Implemented w.e.f 1st February, 18
The Uniform rules shall be notified on e-way Bill system for Inter-State movement of goods and shall be effected from 1st February 2018 on a compulsory basis. Implementation of E-way bill rules by States will bring uniformity across all the States for seamless inter-State movement of goods.
States may implement the system before 1st June, 2018
The council also suggested that States may become early bird to adopt the e-way Bill system for intra-State movement of goods on any date before 1st June, 2018. There are certain States who adopted a system of e-way Bill at an early stage for intra-State as well as inter-State goods movement. This will help taxpayers to adapt & learn technicalities of the system before the same will be implemented nationwide.
Full fledge uniform system of e-way Bill effective from 1 June 2018
But council alarmed in any case, the full fledge nationwide uniform system of e-way Bill for inter-State as well as an intra-State movement will be implemented across the country by 1st June, 2018.
24th GST Council Meeting - Highlights on Major Updates
In case you need assistance with the E Way Bill you can fill out our inquiry form and arrange a call from E-Startupindia business advisors at 8881069069.