As per previous decision of GST council, the e-way Bill System for Inter-State movement of goods across the country is being introduced from April 1, 2018. From this date, the businesses and transporters moving goods worth over Rs. 50,000 from one state to another will have to carry an electronic or e-way bill.
The e-way bill will apply to inter-state transportation of goods worth over Rs. 50,000 through road, railways, airways and vessels. The e-way bill provision of the goods and services tax (GST) was first introduced on February 1, 2018. However due to some technical issues, the GST Council decided to roll-out of the e-way bill starting with inter-state from April 1 and intra-state from April 15, 2018.
E-way bill is an electric document generated on the GST Portal, which is a common and shared information technology (IT) infrastructure between the Centre and States; and acts as evidence for movement of goods. A company or an entity can upload relevant information prior to movement of a goods consignment from one state to another. Subsequently, the E-way bill for that consignment is generated via the GST portal. It may be noted that such a mechanism helps reduce the burden of tax collection under the GST regime and it is only applicable to transport of goods amounting to more than Rs 50,000 in value.