Ankita Khetan | Jul 12, 2017 |
E-way bill system in GST | Road Permit Requirement in GST
The e-way bill system in GST is likely to be implemented from October 2017.
Electronic WayBill under GST will be implemented soon as the consolidatedall-India platform is ready. After the successful rollout of GST on 1st July,2017; the toll booths have become unnecessary/ useless. So most of thestates totaling to 22 in number have abolished their border check posts. This has resulted in faster and smoothtransportation of goods across the state borders.
The centralized software platform for e-way bill system is being developed by the National Informatics Centre (NIC) along with GST-Network (GSTN). The same company which had developed the IT backbone for the GST. The software/infrastructure needs to have features like smooth generation of registration and its verification through hand-held devices fortax officials for provisions of e way bills to be successful.
The e-way bill rules are likely to be discussed and finalized in the next meeting i.e. on 5 August, 2017 of the GST Council. Once the rules will be in place, Centralized software platform for ofe-way bill system will be developed bythe NIC along with GSTN. E way bill system dint rollout along with GST on 1st July,2017 as the infrastructure for the same was not ready.
The provision of E way bills under GST requires pre-registration online forany goods more than Rs 50,000 in value before they are moved out.The Central Government has also decided to relax the timeline provisionfor goods that will travel more than 1,000 kms.Earlier the E way bill for more than 1000 kms was going to remain valid only for 15 days which will is expected to be 20 days.
As per draft e-way bill rules which were published in April 2017, the important documents which are required to be carried by person in-charge of conveyance (truck operators) either physically or electronically mapped to a Radio Frequency Identification Device (RFID) which will be embedded on to the conveyance are
E way bills should be generated irrespective ofwhether supply/sale/ branch transfers/barter/exchange of goods is for consideration or not. Whether the consideration received isin the course of business, ornot.
What is an e way bill
Who needs to generate an e-way bill
When an e way bill needs to be generated on GSTN Portal
What is the validity period of e way bills generated
In the table below, we have listed regarding the validity of e-way bills which ranges from 1 day to 20 days that will be generated by GSTN. Validity would depend upon the distance over which the goods are to be transported.
Distance to betraveled | Valid for |
Upto 100 kms | One day |
Between 100 to 300 kms | Three days |
Between 300 to 500 kms | Five days |
Between 500 to 1000 kms | Ten days |
More than 1000 kms | Twenty days |
The GST Commissioner has the power to extend the validity period of e-way bill for certain categories of goods if he thinks its necessary.
When & who can do the physical verification of the vehicle
Compiled by CA Ankita Khetan
Tags: E-way bill system in GST | Road Permit Requirement in GST, E Way Bill, GST E Way Bill,
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