The finance ministry on Sunday rolled out the e-Way bill, a system that makes it necessary for traders to have an e-way bill to move goods between states under the Goods and Services Tax regime. Officials reported a smooth rollout.
An e-waybill is an electronic permission granted to move goods that have a value greater than Rs 50,000. A national e-waybill system under the GST regime is expected to make the movement of goods across the country smoother by digitising the process of obtaining the permission to do so. The government aims to avoid the flaws in the cash transaction system with this initiative.
Karnataka is the only state that implemented the system on Sunday for the movement of goods within the state, reported PTI.
The Ministry of Finance said a total of 10,96,905 taxpayers have registered on the e-Way Bill Portal till date. 19,796 transporters, who are not registered under Goods and Service Tax, have enrolled themselves on e-Way Bill Portal.
The bill was to come into force on February 1, Mint reported. Technical glitches, however, forced the government to postpone the launch date.
The online system issuing the document slowed down and there were reports of the platform crashing. After companies complained that this was stalling the movement of goods, the government decided to postpone the rollout, The Economic Times reported.
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