Home News

GST Council May Give Rise to E-Way Bill

SHARE

New Delhi – ₹ 50,000 that had been the threshold of the e-way bill may increase due to GST. This decision has been taken to decrease the scope of harassment. The return of the inspector raj might be a possibility.

The GST Council has also attempted to simplify the process to improve the comfort of doing business, according to the GST officials who are aware of the situation. Some think that the rate must be raised, one of the officials has quoted. Accordingly, a proposal in this regard could be raised at the time when the decision-making panel for GST comes together in the month of August this year.

The Council that meets in the month of August will also examine the rationalization of the GST rates and try to get feedbacks from the people about the post GST situation. The council is hired to take stock of the GST implementation as well. The ease of GST filing comes under the council’s discussion as well.

Read Also: Government plans to curb Inspector Raj by pioneering E-Bills

The e-way bill is needed for the transportation of any item which costs more than ₹ 50,000. However, this transportation should be within the country. This bill is considered to be a permit which comes in the electronic form. However, there is some concern about this bill as it may turn out to be a tool of harassment which could be used against the people.

The GST panel has not yet approved all the rules which govern the e-way bill. Reaching a satisfactory point regarding the e-way bill can be a problem. This might even hinder the maximum benefit of GST.

It is sure to assist the transportation of goods across the border of states. For the time being the council has permitted the states to follow the old waybill rule till the time the new rule comes into existence.

The GST network would generate bills which would be valid for 15 days. However, it depends on the distance as well.

SHARE
Jatin Aggarwal
A guy from the family of commerce background. Having practical experience in the field of taxation, accounting, corporate laws. He is a commerce graduate and pursuing CA (Final). Jatin is responsible for exclusive interviews and opinion based articles about the GST.

Leave a Reply