By admin       2018-02-02

The GST provision requiring transporters to carry an e-way bill was to be implemented from 1 February 2018 to check rampant tax evasion Businesses had two weeks trial time before the system was due for rollout in February, but policymakers chose to defer implementation to avert technical glitches causing disruption in supply chain. Photo: HT Businesses had two weeks trial time before the system was due for rollout in February, but policymakers chose to defer implementation to avert technical glitches causing disruption in supply chain. Photo: HT New Delhi: The government on Thursday postponed implementation of the e-way bill requirement for movement of consignments in the goods and services tax (GST) regime after technological glitches led to disruption in trade. The e-way bill, an electronic documentation tracking the movement of goods, was mandatory for all inter-state movement of goods from 1 February. “In view of difficulties faced by the trade in generating e-way bill due to initial tech glitches, it has been decided to extend the trial phase for generation of e-way bill, both for inter and intra-state movement of goods. It shall be made compulsory from a date to be announced,” the official Twitter handle of the government on GST tweeted. According to a person familiar with the development, more than 16 states also started e-way bills for movement of goods within the state that led to a slowdown in issuance of e-way bills causing delays in truck movement. The GST e-way bill was made mandatory for all movement of goods within a state from 1 June, although these 16 states decided to implement it from 1 February. Businesses had two weeks trial time before the system was due for rollout in February, but policymakers chose to defer implementation to avert technical glitches causing disruption in supply chain at a time GST revenue has started stabilising. Once implemented, e-way bill is needed for all movement of goods—within or outside a state—valued at more than Rs50,000. Union Budget 2018 has announced a standard deduction of Rs40,000 for salaried individuals, the actual benefit on income tax is very less since it is in lieu of existing benefits.

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