E-way bill is an electronic documentation aimed to track goods movement and prevent tax evasion under GST. “With the current changes in e-way bill implementation, there have been a lot of exceptions in the eligibility criteria for an e-way bill requirement,” adds Shah. Further, with the final form of the e-way bill yet to take shape, one should wait for changes, he adds. As the implementation gathers pace, the formalization of the logistics sector is expected to gain momentum. Overall, while GST still holds promise for the logistics sector, much depends on the implementation.

Source: Mint March 23, 2018 03:00 UTC