E-way to be implemented from April

E-way bill to be implemented from April 1 no decision on GST return simplification

E-way bill to be implemented from April 1 no decision on GST return simplification

E-way bill is generated on the GST-Network - a common and shared information technology (IT) infrastructure between the Centre and States.

Talking to reporters after the meeting of GoM on Saturday, Mr Modi said the requirement for intra-state movement of goods of more than Rs 50,000 value would be introduced in phases after assessing the response to inter-state movement. Modi said the recommendation of the panel would be considered by the GST Council at its meeting on March 10. However, while trial runs had been operational since January 15, a full nation-wide roll-out attempted on February 1 failed after the portal generating eway bills crashed.

Sushil Kumar Modi, finance minister of Bihar and convenor of the GoM, said that based on the initial experience of the system, the government can decide to allow the implementation of e-way bill on intra-state movement of goods in phased manner within two-three weeks. GST Council, headed by finance minister Arun Jaitley, will finalise the details next month. "Any problems with this system can cause widespread supply chain disruption and its good that Government is cautious in its approach", he said.

Modi said that 26-50 lakh e-way bills are expected to be generated per day once the system gets adopted across the country.

E-way bill is an electronic documentation tracking the movement of goods and is key prevent underreporting and evasion of taxes under GST. There should be one return per month but we will take a call on how to simplify the processes for small businesses.

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However, he did not comment on the manner in which these states would be selected for implementation of intra-state e-way bill. Sushil Modi said that there are different views on a number of issues including allowing provisional credit and linking of credit with tax payment.

So far 7.28 crore returns have been filed with GSTN and almost 197 crore invoices processed.

More than 9.5 lakh taxpayers and 8,500 transporters are registered on the e-way bill portal, Modi said. He added that two rounds of testing have been completed so far and another one round of testing is scheduled in the next few days and the load capacity will be checked for 75 lakh e-way bills a day.

"The GoM had detailed discussions on return simplification but could not reach a consensus". When this intra-state movement will start, it will be in a phased manner.

"The recommendation of a phased launch of the e-way bill will enable businesses to become ready over a period of time and will give time to the GSTN to overcome glitches that arise during the initial phase", said Deloittee India Senior Director M S Mani.

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