🔥 #Burning_issue_of_the_day
✅ Intra-state e-way bill to be rolled out in five states from April 15
===============
▪️Intra-State E-way (Electronic Way) bill i.e. the E-way bill for movement of goods within the state will be rolled out from April 15, 2018, starting with 5 states.
✔️ More information pertaining to roll-out of Intra-State E-way bill:
i. Five states in which Intra-State E-way bill will be rolled out from April 15, 2018 are Andhra Pradesh, Telangana, Gujarat, Kerala and UP
ii. Karnataka is the only state which had rolled out Intra-State E-way bill system from April 1, 2018.
iii. In March 2018, Goods and Services Tax (GST) council had decided that Intra-State E-Way bill will be rolled out in a phased manner but not later than June 1, 2018.
iv. In context of this news, it is important to note that E-way bill system for moving goods worth over Rs 50000 from one state to another has already been rolled out since April 1, 2018.
v. E-way bill provision of the GST is an anti-evasion measure which would help in increasing tax collections by curbing trade that is being undertaken on cash basis
🔘🔅➖➖➖➖➖➖➖➖
No comments: