The Government of India has informed that two states, Assam and Rajasthan, will be implementing the the e-way system for the intra-state movement of goods.
The E-Way Bill or the Electronic Way Bill is one of the most important derivatives of the Goods and Services Tax(GST). The Goods and Services Bill is a uniform tax regime that has been introduced in the country in July 2017. It has replaced all the indirect taxes that were levied on goods and services by both the state and the Central governments. It is an indirect tax that is imposed on the sale, manufacture and consumption of goods as well as services at the national level.
The e-Waybill, that has been made mandatory for the transport by motorized vehicles of goods valued at more than Rs 50,000 from one place to another. The e-Way Bill was supposed to be implemented from April 1 after some technical glitches were experienced when a pilot project was launched in February. States like Andhra Pradesh, Telengana, Uttar pradesh, Gujarat and Kerala have already implemented the intra-state e-Way Bill system. An e-Way Bill for intra-state transportation of goods have been operational in Karnataka from the 1st of April itself.
Furthermore, this system was introduced in six more states on the 20th of April. These states are Jharkhand, Haryana, Tripura. Uttarakhand, Madhya Pradesh and Bihar. According to official data, as of May 13th, the e-Way bill system for the intra-state transport of goods have been rolled out in Arunachal Pradesh, Himachal Pradesh, Meghalaya, Nagaland, Sikkim and Puducherry in addition to the states already mentioned above.
Now, it is has been notified by the Ministry of Finance of the Government of India that Assam will be rolling out the scheme on the 16th of May while Rajasthan will be doing it on the 20th of the same month.
According to the Ministry, the implementation of the e-Way Bill will facilitate trade and industry with respect to the transport of goods and this will pave the way for a nation-wide single e-Way bill system.
The e-Way bill system for inter-state transportation of goods was rolled out on the 1st of April. However, it was decided that the intra-state e-Way bill will be rolled out in phases so as not to burden the software operating the system.
Assam and Rajasthan are the latest states to implement the e-Way Bill system.
enTransact is your one stop solution that takes you seamlessly from e-invoice to e-way bill. It offers robust and reliable invoice exchange with e way bill management. Generate e Way Bill for free starting today.
Keywords: Generate e way bill, e way bill software, e-way bill
Article Directory: http://www.articlecatalog.com
Copy and Paste Link Code:
Read other Articles from Foujiya:
Article ID 1061523 (Views 442)
Announcement from Our Sponsor
Cancer Drugs like Lenvima (generic version Lenvatinib), Imbruvica (generic version Ibrutinib) now have generic versions at tremendous savings. Brain boosting drugs like Provigil (generic version Modafinil) and Nuvigil (generic version Armodafinil) are also popular.