GST Council may raise e-way bill floor from Rs 50,000

Posted by Daily Shipping Times on 01-08-2017        Tweet

NEW DELHI: The Rs 50,000 threshold for e-way bills under the goods and services tax (GST) regime may be raised. The GST Council may also simplify procedures to improve Ease of Doing Business, said officials aware of the matter. "There is a thinking that it should be raised," said one official. A proposal to this effect could be taken up when the council, the apex decision-making body for GST, meets on August 5.

The council could also discuss rationalisation of tax rates on some goods and services following representations and feedback after GST was implemented on July 1. It will also take stock of implementation, including the tech backbone and ease of filing.

An e-way bill is required to transport any item worth more than Rs 50,000 within the Country. It is proposed as a permit of sorts in electronic format that will have details of the goods being transported. There are fears it could become a tool of harassment and corruption, undermining GST's gains.

The GST Council is yet to approve the rules governing e-way bills with States divided over whether the framework was needed and the procedures involved.