FinMin notifies e-way bill rules

India Infoline News Service | Mumbai | September 02, 2017 13:34 IST

The finance ministry has notified the rules for e-way bills that require online pre-registration of goods before transportation under the new GST regime, reported a national news agency. The date of implementation of the e-way bill mechanism would be notified separately, but sources said it is likely to come into force by October 1.

The finance ministry has notified the rules for e-way bills that require online pre-registration of goods before transportation under the new GST regime, reported a national news agency.

The date of implementation of the e-way bill mechanism would be notified separately, but sources said it is likely to come into force by October 1.
 
Under the e-way mechanism, all goods worth over Rs 50,000 will have to be pre-registered online before they are moved for sale beyond 10 km. GST-exempted goods have been kept out of the purview of e-way bill -- a minor relaxation from the draft rules that required for all goods to be pre-registered under the e-way bill provision.
 
The e-way bill provisions were approved by the GST Council, chaired by Finance Minister Arun Jaitley and his state counterparts, in its last meeting on August 5. As per the e-way bill notification, the supplier or the transporter would not be required to furnish the e-way bill in case the goods are transported for a distance of less than 10 km within the state or union territory from the place of business of the consignor to the place of business of the transporter for further transportation.

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