Banking & FinanceFinanceGSTInFocusNews

GST Council Approved E-Way Bill by April 1st

Sharing is caring!

The Good and Services Tax (GST) Council approved phase wise rollout of E-Way Bill from April 1. The Council at its 26th meeting here also deferred reverse charge mechanism till July 1.

“Intra-state e-Way Bill will be rolled out in phased manner with four groups of states. Each group will come under it every week after April 1 and efforts will be made to implement it across the country by April end,” Finance Minister Arun Jaitley said after the 26th GST Council meet. “E-way bill system will be introduced with effect from a date to be announced in phased manner but not later than 1st June ’18,” a Ministry of Finance tweet said.

The states will be divided into 4 lots for staggered roll out of E-Way Bill. Kerala, Karnataka, Tamil Nadu are likely to roll out Intra State E-Way Bill from April 15, sources said. Under the GST regime, an e-way bill needs to be generated and carried for movement of all goods valued at over Rs 50,000.

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: