The Goods and Services Tax (GST) revenue is expected to escalate by 20-25% after the commencement of electronic way (e-way) bills. This will track the movement of consignments across trucks and help check revenue leakage.
17 States including Uttar Pradesh, Uttarakhand and several Eastern States already have e-way bill in some form. But there are 14, including Maharashtra and Madhya Pradesh, which will move to the new regime from February.
The communal e-way bill system will be ready from January 1, 2018 and companies can start generating the electronic tracking tool from January 15 and will be compulsory from February 1 with the intra-state bills becoming mandatory from June.
Source: Times of India