GST: 50 Crore E-Way Bills generated till February, says Govt

GST: 50 Crore E-Way Bills generated till February, says Govt

The Central Board of Indirect Taxes and Customs (CBIC) has confirmed that till 28th February 2019, 50 crores E-Way Bills have been generated through the online portal under GST regime.

“Total no. of e-way bill generated across India crosses 50 crore mark from April 1, 2018, to Feb 28, 2019,” CBIC tweeted.

The Goods and Services Tax Network (GSTN), which is the IT backbone of the GST had earlier said that between September 1st to 18th, over 2,72,58,344 E-Way Bills have been generated in the country.

Under GST rules, ferrying goods worth more than Rs 50,000 within or outside a state will require securing an electronic-way or e-way bill through prior online registration of the consignment.

From April 1, the government had implemented the electronic way or e-way bill system for moving goods from one state to another. The same for intra or within the state movement has been rolled out from April 15.

The number of e-way bills generated from April 1st to till August 31st had crossed 20 crores. The first 10 Crore E-way Bills generated in 83 days while next 10 Crore E-way Bills Generated in 66 days.

From, April this year, the Government is all set to integrate NHAI’s FASTag mechanism from April to help track movement of goods and check GST evasion.

In a further development, the Government is also planning to integrate GST returns to the E-way Bills.

Besides, all these, the Government to form a committee of tax officers to suggest steps to deal with bogus e-way bills as there are many instances of bogus e-way bills and fake invoices have come to the notice of the CBIC since April last year.

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Source: Tax Scan.

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