LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Businesses must register on e-way bill platform; here is what FinMin has said

Businesses would be required to present the electronic way (e-way) bill to a GST inspector (if asked) for  inter-state  transportation of goods worth over Rs 50,000 through road, railways, airways and vessels. Finance Secretary Hasmukh Adhia said the company handling the backbone of the new indirect tax regime, GST Network, is much better prepared to roll out the new system from April 1

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Businesses must register on e-way bill platform; here is what FinMin has said
The GST Council, earlier this month, decided on a staggered rollout of the e-way bill starting with inter-state from April 1 and intra-state from April 15. Image source: PTI
Written By: PTI
Updated: Wed, Mar 28, 2018
01:57 pm
PTI
RELATED NEWS
Exclusive! GST Council likely to consider 18 pct rate on all kind of sanitizers in September 19 meet Exclusive! GST Council likely to consider 18 pct rate on all kind of sanitizers in September 19 meet
Real estate alert! These companies have time till June 30 to pay GST - Check what Department of Revenue instructed Real estate alert! These companies have time till June 30 to pay GST - Check what Department of Revenue instructed
GST Council Meeting: Due date for goods and service tax return filing extended; Key points that businessmen need to remember GST Council Meeting: Due date for goods and service tax return filing extended; Key points that businessmen need to remember
Stocks in Focus on December 18: Telecom Stocks, BoB and NMDC; here are the 5 Newsmakers of the Day Stocks in Focus on December 18: Telecom Stocks, BoB and NMDC; here are the 5 Newsmakers of the Day
Good news! Spending less money, driving licence to SpiceJet, how things have changed from October 1 Good news! Spending less money, driving licence to SpiceJet, how things have changed from October 1

With just three days left for the e-way bill roll out, the government has asked businesses and transporters to enrol on the dedicated platform as only around 11 lakh entities have registered so far, officials said today. Businesses would be required to present the electronic way (e-way) bill to a GST inspector (if asked) for inter-state transportation of goods worth over Rs 50,000 through road, railways, airways and vessels. Finance Secretary Hasmukh Adhia said the company handling the backbone of the new indirect tax regime, GST Network, is much better prepared to roll out the new system from April 1. "...But I'm not too sure whether traders, dealers and transporters are still ready. I would like to appeal to them to register themselves on the e-way bill portal ...As early as possible; they should not then tell us that we didn't inform them," Adhia said. GSTN CEO Prakash Kumar said, so far 11 lakh businesses and transporters have registered on the e-way bill platform and most of the registrations are likely to happen at the last minute.

This compares to 1.05 crore registered businesses under the GST and about 70 lakh filing returns. The e-way bill provision of the goods and services tax (GST) was first introduced on February 1 but its implementation was put on hold after the system developed glitches in generating permits. With several states also starting to generate intra-state e-way bills on the portal, the system developed a snag. The Finance Ministry had then asked GSTN to develop a fool-proof system before the re-launch of the e-way bill.

The GST Council, earlier this month, decided on a staggered rollout of the e-way bill starting with inter-state from April 1 and intra-state from April 15. The e-way bill is being touted as an anti-evasion measure and would help boost tax collections by clamping down on trade that currently happens on cash basis. Speaking at the Foundation Day of GSTN, Adhia said e-way bill for intra-state movement of goods would be launched after 2 weeks of inter-state roll out.

"We will announce the schedule at least 3 days in advance, but not immediately because we want to observe how the e-way bill portal functions for inter-state movement of goods. After that we will try to bring it for intra-state (movement of goods)," Adhia said. GSTN Chairman Ajay Bhushan Pandey said that the e-way bill system has been designed and developed by National Informatics Centre (NIC); and he is confident that the system would be able to cater to the load.

After the February 1 snag, the e-way system was upgraded to handle 75 lakh inter-state e-way bills daily. "Whenever you roll out such a system, there could be some issues in the initial phases. So based on our experience, this time around extensive testing has been done. Assurance has been given by NIC that this time the system should work," Pandey said.  
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
GST Council
RELATED NEWS
Exclusive! GST Council likely to consider 18 pct rate on all kind of sanitizers in September 19 meet Exclusive! GST Council likely to consider 18 pct rate on all kind of sanitizers in September 19 meet
Real estate alert! These companies have time till June 30 to pay GST - Check what Department of Revenue instructed Real estate alert! These companies have time till June 30 to pay GST - Check what Department of Revenue instructed
GST Council Meeting: Due date for goods and service tax return filing extended; Key points that businessmen need to remember GST Council Meeting: Due date for goods and service tax return filing extended; Key points that businessmen need to remember
Stocks in Focus on December 18: Telecom Stocks, BoB and NMDC; here are the 5 Newsmakers of the Day Stocks in Focus on December 18: Telecom Stocks, BoB and NMDC; here are the 5 Newsmakers of the Day
Good news! Spending less money, driving licence to SpiceJet, how things have changed from October 1 Good news! Spending less money, driving licence to SpiceJet, how things have changed from October 1

LATEST NEWS

Indian Army conduct basketball, wushu competitions for youth in Jammu and Kashmir's Budgam

7th Pay Commission latest news today: Big Holi gift for Central government employees! Center issues this notification on 7th CPC leave rule

Good news for six crore EPFO members! check how much your Provident Fund (PF) will grow after EPF interest rate for FY21 announced

Tom Felton shares throwback picture with Harry Potter co-stars

Bihar Panchayat Election 2021: 10 phase-poll, 25 Lakh voters, 90,000 EVMs—All you need to know

SBI Gold Loan – Give a missed call and get loan; interest rate at 7.5 pct; no processing fee if applied through YONO

Heranba Share Price – After bumper listing, is the stock cheaper or expensive? See this EXCLUSIVE research

Aadhaar card-based driving licence service: Check step by step guide to renew your driving licence online without going to RTO

Rakesh Jhunjhunwala picked Tata Motors for his portfolio during Covid Pandemic II Reasons Highlighted

JEECUP 2021: See how to apply for UPJEE (Polytechnic) 2021 at jeecup.nic.in: Check exam dates, application fee and all other details here!

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved