{"id":32403,"date":"2018-10-29T14:30:54","date_gmt":"2018-10-29T09:00:54","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=32403"},"modified":"2018-10-29T14:30:54","modified_gmt":"2018-10-29T09:00:54","slug":"e-way-bill-to-boost-gst-compliance","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/e-way-bill-to-boost-gst-compliance\/","title":{"rendered":"\u2018E-way bill to boost GST compliance\u2019\u00a0"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/business\/e-way-bill-to-boost-gst-compliance\/article22328006.ece\"><strong>\u2018E-way bill to boost GST compliance\u2019<\/strong><\/a><strong>\u00a0<\/strong><\/p>\n<p><strong>Context <\/strong><\/p>\n<p>E way bill system<\/p>\n<p><strong>News<\/strong><\/p>\n<p>The mandatory implementation of the e-way bill system from February 1 for all inter-State movement of non-exempted goods will help boost compliance under the Goods and Services Tax (GST) regime, according to Hasmukh Adhia, Finance Secretary<\/p>\n<p><strong>Backdrop<\/strong><\/p>\n<p>The July 1 implementation of GST has seen revenue collections from the new nationwide indirect tax falter in recent months and the Centre, already struggling with a wider than budgeted fiscal deficit, is keen to tighten tax compliance under the new regime. The decision to advance the roll-out of the nationwide e-way bill system to February 1 is line with this objective<\/p>\n<p><strong>No inspector raj<\/strong><\/p>\n<p>Mr. Adhia sought to allay fears that the implementation of the e-way bill system would result in a return of \u2018inspector-raj\u2019 and said only in the initial period would a few random vehicles be stopped en route to check if the goods being transported were accompanied by an e-way bill<\/p>\n<ul>\n<li><strong>Vehicle to be stopped only once<\/strong>: Also, once a vehicle had been stopped and checked it would not face any further inspections along the rest of its route, even if it traversed multiple States<strong style=\"font-size: 1rem;\">\u00a0<\/strong><\/li>\n<\/ul>\n<p><strong>Exemptions<\/strong><\/p>\n<p>The number of exemptions for complying with the requirement of an e-way bill was also extensive, including about 50% of the CPI (Consumer Price Index) basket of goods<\/p>\n<p><strong>Jump in the tax collections<\/strong><\/p>\n<p>Given the experience of States which had implemented similar e-way bills as part of the earlier VAT regime, there is clear evidence that tax collections jumped following implementation of the system<\/p>\n<ul>\n<li>These States saw a 15% to 20% increase in revenue the year after they implemented it<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u2018E-way bill to boost GST compliance\u2019\u00a0 Context E way bill system News The mandatory implementation of the e-way bill system from February 1 for all inter-State movement of non-exempted goods will help boost compliance under the Goods and Services Tax (GST) regime, according to Hasmukh Adhia, Finance Secretary Backdrop The July 1 implementation of GST&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/e-way-bill-to-boost-gst-compliance\/\">Continue reading <span class=\"screen-reader-text\">\u2018E-way bill to boost GST compliance\u2019\u00a0<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-32403","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704129778},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/32403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=32403"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/32403\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=32403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=32403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=32403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}