The E-Way bill for moving goods within a state will be mandatory from June 3, with a countrywide roll-out mechanism. The E-Way had been first rolled out by the government on April 1 for moving goods worth over Rs. 50,000 from one state to another.

So far, 20 states/Union Territories have made E Way Bill mandatory for intra-state movement of goods. Government sources have revealed that so far more than 4.5 crore e-way bills have been generated.

Get Instant Business Loan

The E way Bill has been touted as an anti-evasion measure. The transporter of goods worth over Rs. 50,000 would be required to present the E-Way Bill to a GST Inspector.

To read more on E-Way Bill, click here.
Read the original article on Firstpost by clicking here. 

Want to read the latest posts on social media? Then follow us on FacebookTwitter, or LinkedIn!

 

See also  SBA Loan Guide for New Business Owners