Electronic Way (E-Way) Bill system rolls out

TIL Desk/Business/New Delhi/ The Electronic Way (E-Way) Bill introduced under the Goods and Services Tax (GST) regime rolled out across the country from Sunday, on its second attempt at implementation following an earlier start in February.

The E-Way Bill, at present, applies to inter-state transportation of goods worth over Rs 50,000 through road, railways, airways and vessels. For intra-state movement of goods, the new system would be launched in two weeks’ time, Finance Secretary Hasmukh Adhia had announced on last week.

GST Network (GSTN) Chief Executive Prakash Kumar said that around 11 lakh businesses and transporters had registered on the e-way bill platform and expected most registrations to take place at the last minute. About 1.05 crore businesses have registered under the new GST regime, of which around 70,00,000 are filing returns.

The Finance Ministry clarified on Saturday that a single E-Way Bill will apply even in cases of a break in journey to destination and where more than one transporter is involved in the transportation of goods.