Govt asks businesses to register on e-way bill platform ahead of Apr 1 rollout
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From the first of April, businesses would be required to present the e-way bill to a GST inspector for inter-state transportation of goods worth over 50 thousand rupees through road, railways, airways and vessels.
Speaking at foundation day function of GSTN in New Delhi, Finance Secretary Hasmukh Adhia said the company handling the backbone of the new indirect tax regime, GST Network, is much better prepared to roll out the new system from first of next month.
He appealed to the traders to register themselves on the e-way bill portal as early as possible.
GSTN CEO Prakash Kumar said, so far 11 lakh businesses and transporters have registered on the e-way bill platform and most of the registrations are likely to happen at the last minute.
The e-way bill is being touted as an anti-evasion measure and would help boost tax collections by clamping down on trade that happens on cash basis. #casansaar (Source - PTI, NewsonAir)
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