Business

Govt prepared for last minute regd as e-way bill roll out from April

Meanwhile the government is ready and willing to concede that the most of the registrations are likely to happen at the last minute

The government is yet again reminding businesses and traders to compulsorily enroll in the e-way bill roll out platform as it is mere three days left for the roll out.

It is estimated that only around 11 lakh entities have registered so far.

AS per the e-way bill roll out, the businesses would be required to present the electronic way (e-way) bill to a GST inspector as and when required for inter-state transportation of goods worth over Rs 50,000 through road, railways, airways and vessels.

Meanwhile the government is ready and willing to concede that the most of the registrations are likely to happen at the last minute.

To get an idea of this, there are 1.05 crore registered businesses under the GST and about 70 lakh filing returns.

The e-way bill is being touted as an anti-evasion measure and would help boost tax collections by clamping down on trade that currently happens on cash basis.

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