E-way bills generated by transporters within a fortnight of its implementation has crossed a whopping 24.8 lakh mark.
The 14-day rail started on January 16 with the initiation of nationwide e-way bill registration. Yesterday a total of 3.4 lakh bills were generated.
As per the provision, under Goods and Services Tax (GST) transportation of goods over 10 km, within a value of Rs 50,000 and above, will require mandatory filling of e-way bill from February 1.
The Centre has implemented the e-way bill to act like anti-evasion tool for helping to garner higher taxes from the exchequer.
Among all Karnataka has taken the lead on e-way bill generation as on January 30 with over 1.4 lakh bills generated followed by Rajasthan and Haryana with 26,500 and 23,500 e-way bills respectively.
So, far 11,581 transporters have registered themselves within the e-way bill system and these are the transporters who have not registered themselves under the GST.
Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/
