19 December 2017 India's GST Council recommends implementation of interstate e-way bill system from 1 February 2018 India's GST Council, in its 24th meeting held on 16 December 2017, discussed the implementation of an e-way bill system in the country and reviewed the progress of the requisite infrastructure. Currently, states are authorized to continue their own separate e-way bill system until the national e-way bill system is developed. The outcomes of the meeting are summarized below: - A nationwide e-way bill system will be ready for roll out on a trial basis by 16 January 2018. Trade and industry may start using this system on a voluntary basis from 16 January 2018.
- The rules for implementation of the nationwide e-way bill system for interstate movement of goods will be notified with effect from 1 February 2018. Thus, an e-way bill for interstate movement of goods shall be mandatory with effect from 1 February 2018.
- However, states may choose to implement the e-way bill system for intra-state movement of goods on any date before 1 June 2018.
It will be imperative to have an efficient e-way bill system to facilitate smooth implementation and ease of compliance. For additional information with respect to this Alert, please contact the following: Ernst & Young LLP (India), India VAT Team, Gurgaon - Harishanker Subramaniam
harishanker1.subramaniam@in.ey.com
Ernst & Young LLP (India), India VAT Team, Mumbai - Uday Pimprikar
uday.pimprikar@in.ey.com
Ernst & Young LLP, Indian Tax Desk, New York - Riad Joseph
riad.joseph1@ey.com
——————————————— ATTACHMENT PDF version of this Tax Alert Document ID: 2017-5048 |