What is e-Way Bill?
The government expects that after the introduction of electronic (E-way) bills, the Goods and Services Tax (GST) collection will increase by 20-25%. This will monitor the movement of goods and prevent revenue leakages.
Tax officials believe that since some GST is implemented, some industries are not paying tax, because partial theft under the GST is impossible, either you pay tax 0 or 100 percent. E-way bill is the way by which such people can be brought into the system. The states which had implemented e-way bills for VAT increased their annual collection by 20-25%. A senior official said, “We have a similar expectation on GST at national level.”
“E-way Bill एक प्रकार का इलेक्ट्रॉनिक बिल होगा जिसमें भेजे जाने वाले या प्राप्त किये जाने वाले माल और उस पर लगने वाले GST की पूरी जानकारी होगी|”
There are already 17 such states in some form of e-way bills, which include Uttar Pradesh, Uttarakhand and several Eastern states, but there are 14 states, including Maharashtra and Madhya Pradesh, which will adopt new systems in February. Some states have a system of monitoring the movement of goods within and outside the state. The e-way bills were to be implemented from the beginning of GST in July, but the government had avoided it till the system was ready.
This is a token, which can be generated online for regulation of the movement of goods. It will be valid in the country.
How to generate it?
How will it work?
Read: HP EZY GAS Card
How to Download E – Way ( easy method)