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E-Way Bill for Inter-State movement of goods comes into force

E-Way Bill for Inter-State movement of goods comes into force

With the beginning of the financial year 2018-19, the e-way Bill System for Inter-State movement of goods comes into force; An E-way Bill will be required for moving goods worth over 50,000 rupees from one state to another.

The electronic way Bill system has come into effect across the country. Under this system businesses and transporters have to produce before a GST inspector e-way bill for moving goods worth over Rs 50,000 from one state to another.

The Bill is touted as an anti-evasion measure that would help boost tax collections by clamping down on trade that currently happens on cash basis.

The e-way Bill will apply to inter-state transportation of goods worth over Rs. 50,000.