18 December 2017

GST Council Clears e-way Bill Mechanism

GST Council Clears e-way Bill Mechanism

The GST Council has decided to implement the e-way bill mechanism throughout the country by June 1st after reviewing the readiness of the IT network. Under the Goods and Services Tax (GST) regime, the waybill is replaced by an e-way bill.

It aims at mitigating the problems caused by waybill compliance. E-way bill is an electronic way bill for movement of goods which can be generated on the GSTN portal. The decision was taken in 24th meeting of the GST Council via Video-Conferencing.

Static/Current Takeaways Important for RBI Assistant Mains 2017 Exam-
  • Present Finance Minister of India- Arun Jaitley.
  • First Finance Minister of Independent India- R K Shanmukhan Chetty.
Source- DD News

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