e-way bill manda­tory from Fe­bru­ary 1

India Business Journal - - NEWS ROUND-UP -

The e-way bill un­der the Goods and Ser­vices Tax (GST) will be rolled out from January 16. The de­ci­sion was taken by the GST Coun­cil, chaired by Fi­nance Min­is­ter Arun Jait­ley last month through video­con­fer­enc­ing. While traders can start us­ing the e-way bill on a vol­un­tary ba­sis from January 16, it will be made com­pul­sory from Fe­bru­ary 1. Un­der GST, move­ment of goods cost­ing over Rs 50,000 and be­yond 10 km re­quires prior reg­is­tra­tion and gen­er­a­tion of an e-way bill through the GST Net­work to track in­ter- and in­tra-State move­ments.

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