The government on Thursday postponed implementation of the e-way bill requirement for movement of consignments in the goods and services tax regime after technical glitches.
The first day of compulsory application of E-way bill saw massive disruptions as the site crashed and taxpayers could not generate the document. The e-way bill mechanism was introduced in the GST regime to plug tax evasion loopholes. Tax evasion was one of the reasons cited by the government for the fall in revenue collection in October. Under the e-way bill system, goods worth more than Rs 50,000 have to be pre-registered online before they can be moved from one state to another. The trial period of E-way bill had started on January 15. The GST revenue for October 2017 stood at Rs 83,346 crore, the lowest since the implementation of the new indirect tax regime from July 1. It was significantly lower than the September figure of Rs 95,131 crore. OneIndia News