New Year Gift from GST Council: Decision will be In effect from February 1 next year

A video conferencing meeting of the GST Council approved mandatory compliances of the e-Way Bill to ease traders concern.

After this decision, the e-way bill for the inter-state movement got advanced to February 1 from April 1. The GST Council also decided that the trial of the e-way bill will begin from January 15, and asked states to come back to the Council prepared.

The E-way bill requires online pre-registration of goods before transportation under the new GST regime. 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.

This was the 24th meeting of the Council. The last meeting was held in Guwahati in November where taxes on 178 items were slashed. In an earlier meeting, the Council had decided that e-way bill, an electronic document generated on the GST Network portal would be introduced in a staggered manner from January 1 and subsequently nation-wide from April 1.