An E-way bill talks about the seamless movement of good and services. Moving of goods worth Rs. 50,000 under GST, you will need prior online registration of the consignment and secure an ‘E-way bill’ that tax officials can inspect anytime during the transit to check tax evasion. Goods can’t move otherwise in simple words.
Some issues arise to implement E-way Bill:
- Unlike a return, E-way bill needs to be generated in real time along with the invoice.
- Unless the company has the IT system to support and generate E-way bills in real time.
- Thus, the E-way bills will be a significant challenge in terms of the IT infrastructure for companies.
- There is very less time to get the necessary IT infrastructure up.
- Moreover, the specific validity of e-way bills is huge problem.
- The stringent requirements will make things difficult.
Thus, the concern of E-way Bill, moving goods under GST can come to a grinding halt and may miss GST deadline due to lack of software.
Find Rules for Electronic Way Bill here below:
http://comtax.up.nic.in/gst/Ewaybill_Rules.pdf