As per tax officials e-way bill may elevate the GST Revenue

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.

E-way bill is a token that can be generated online to regulate the movement of goods. It is considered as a way to get all the businesses in line that were trying to move out of purview of GST.

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

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