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E-Way Bill Infra Expected to be in Place by October

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GST provision requires any goods more than Rs  50,000 value to be registered online before movement
 
The GST provision, requiring any good more than Rs 50,000 in value to be pre-registered online before it can be moved, is likely to kick in from October after a centralised software platform is ready, a top official said.
 
The provision, called the e-way bill, would be implemented after infrastructure for smooth generation of registration and its verification through hand-held devices with tax officials is ready.
 
The information technology platform for the e-way bill system is being developed by the National Informatics Centre (NIC) along with GST-Network -- the company which has developed the IT backbone for the new indirect tax regime.
 
The Centre has also decided to relax timeline provision under which the e-way bill generated by GSTN for 20 days for goods travelling more than 1,000 km. Earlier, this was 15 days.
As per the provision, GSTN would generate eway bills that will be valid for 1-20 days, depending on distance to be travelled -one day for100 km, three days (100 to less than 300 km), five days (300-less than 500 km) and 10 days (500-less than 1,000 km). The GST Commissioner may extend the validity period of e-way bill for certain categories of goods. The e-way bill rules may be taken up in the next meeting of the GST Council on August 5.
 
Economic Times New Delhi, 10th July 2017
 

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