GST e-Way Bill is to be implemented from feb 1, 2018

In this post, we will discuss the recent news about GST. It has been said that the GST e-Way Bill is to be implemented from Feb 1st, 2018.

First, we will discuss a brief about what an e-way bill is and how it works.

E-way bill is a bill which is generated by the movement of goods between states. To generate the e-way bill, the value of the goods has to be more than Rs.50,000.

GST e-Way Bill will bring about a seamless transport of goods between the states if implemented.

To generate the e-way bill, the supplier and transporter have to upload details on the common GST Network portal. After the upload, a unique e-way bill number (EBN) will be available to the supplier, the recipient and the transporter on the common portal.

Earlier, it was said that till such time as a nation-wide system is implemented, the states should implement their own e-way bills. Now, after an online council meet, it has been decided that the e-way bills will be made available.

This was causing some undue hardship in the inter-state movement of goods. For this reason, the council has decided to come up with a nation-wide system sooner than later.

Suppliers and transporters can start using this feature in GST portal from Jan 16, 2018, on a trial basis. And from 1st of Feb, it is mandatory to have the e-way bill while transporting goods worth more than Rs. 50,000 between states.

For easy generation and management of e-way bills, try out GST software – Saral GST.

Related: Changes in GST from the 23rd GST council meeting

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