E-way Bill will bring in transparency and efficiency: Mr Agrawal
As many city-based traders, suppliers, transporters and other stake holders are apprehensive over the ‘E-way Bill’ to be launched from February 1, concerned authorities on Tuesday said, the new initiative would bring in transparency and efficiency in the system.
In a panel discussion organised here in the city by the Vidarbha Industries Association (VIA)Taxation and Corporate Law Forum, senior officers from the State Goods and Services Tax (SGST) and professionals also said that there would be some teething problems that may caused hardship to the tax payers in the initial stages.
The roll-out of E-way Bill system from February 1 has created apprehension among many traders, suppliers and transporters who believe that it would give them sleepless nights in coming days. Mr P K Agrawal, Joint Commissioner, State GST Nagpur, said that the E-way Bill would not cause any inconvenience to the taxpayers as it is a technologically advanced tool designed for suppliers, transporters, traders and others. “And as far as the teething problems are concerned, it would disappear in a short span of time.”
In his presentation, Mr Rajesh Doye, Deputy Commissioner, State GST, explained the procedure of generating E-way Bill.
“From February 1 onwards E-way Bill, which is an electronic permit with detailed information of goods being transported, will be mandatory for goods worth more than Rs 50,000 for interstate movement. Initially it is not required for movement of goods within the State but very soon it will be made compulsory.” Interestingly, E-way Bill is not required if goods are transported by non-motorised conveyances.
CA Mahendra Jain, the panelist and renowned Chartered Accountant, said E-way Bill has been introduced in the larger interest of the nation. “In a changed scenario, we will have to mold ourselves and we will have to adopt new technological tools and upgrade our businesses.”
In the meanwhile, CA Jain also said that there is need to upgrade infrastructure to avoid inconvenience.“Internet speed, servers and the centralised system will play a crucial role in the implementation of the E-way Bill and thus the authorities will have to keep it in proper shape.”
Another panelist, CA Preetam Batra, Chartered Accountant and expert in the field, showed demonstration of generating E-way Bill. “The website designed by the department for generating E-way Bill is very user-friendly and thus I hope it will not trouble the bill generators. Apart from this, the E-way Bill can also be generated through SMS or mobile App,” he said. It is important to note that GST Council had recently made E-way Bill mandatory for all interstate movement of goods from February 1 while for intra-state movement of goods, it will be made compulsory before June 1.
CA Jethalal Rukhiyana moderated the panel discussion and also gave introductory remarks. At the outset, Mr O S Bagdia, Vice President of VIA, and Shelendra Manawat, EC Member of VIA welcomed the guests. Dr Suhas Buddhe, Hon. Secretary of VIA, other office-bearers of the Association, professionals and industrialists, were also present.