Decision taken at 24th GST council meeting
Press Release (detailed analysis)
Remarkable Decision of 24th GST Council Meeting
Analysis: E-Way bill is on the way to impact businessmen, are they also going to impact to consumers, are this will increase price of general commodity ?
E-Way bill is now all set to launch either law (which already passed, new rules will be announced soon) or online portal (which is creating lots of problem in recent past).
A. On Inter-state supplies: Portal will ready by 16th January,2018 and E- Way bill will be compulsory from 1st Feb, 2018, this decision was taken after discussing with all states. Traders & Transporters can start using system from 16thJan, 2018 on wards on voluntary basis.
B. On both Inter- state and Intra- state supplies: Portal will ready by 16th January,2018 and E- Way bill will be compulsory from 1st June,2018, however states have options to implement this before 1st June,2018.
What is E Way Bill: Every registered person who causes movement of goods of consignment value exceeding fifty thousand rupees—
(i) in relation to a supply; or
(ii) for reasons other than supply; or
(iii) due to inward supply from an unregistered person shall furnish E-way Bill online
Why is E Way Bill: Generally, subject to few exceptions, when goods moved from one place to another it implies sale of goods. When there is sale there must be TAX on such supplies. If no barrier will apply on transportation of goods from one place to another then TAX will be easily evaded , so for blocking this lope hole E-way bill introduced so when ever goods moved from one place to another E– Way bill will be generated, it is a proof that tax will be paid on such goods.
Press Release: Inter-State E-way Bill to be made compulsory from 1st of February, 2018; system to be ready by 16th of January, 2018. The 24th meeting of the GST Council held today through a video conference. It discussed about the implementation of E-way Bill system in the country. Till such time as National E-way Bill is ready, the States were authorized to continue their own separate e-way Bill systems. However, it was represented by the trade and transporters that this is causing undue hardship in inter-State movement of goods and therefore, bringing in an early all India system of E-way Bill has become a necessity. The GST Council reviewed the progress of readiness of hardware and software required for the introduction of nationwide E-way Bill system. After discussions with all the states, the following decisions are taken:-
i) The nationwide E-way Bill system will be ready to be rolled out on a trial basis latest by 16th January, 2018. Trade and transporters can start using this system on a voluntary basis from 16th January, 2018.
ii) The rules for implementation of nationwide E-way Bill system for inter-State movement of goods on a compulsory basis will be notified with effect from 1st February, 2018. This will bring uniformity across the States for seamless inter-State movement of goods.
iii) While the system for both inter-State and intra- State E-way Bill generation will be ready by 16th January, 2018, the States may choose their own timings for implementation of E-way Bill for intra- State movement of goods on any date before 1st June, 2018. There are certain States which are already having system of E-way Bill for intra- State as well as inter-State movement and some of those States can be early adopters of national E-way Bill system for intra- State movement also. But in any case uniform system of e-way Bill for inter-State as well as intra- State movement will be implemented across the country by 1st June, 2018.
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