The Government should consider extending this relief to inter-state consignments as well," PWC said. As per the amendments, the validity of e-way bill will now be till the midnight of the day immediately following the date of generation of e-way bill, instead of 24 hours earlier. For example, if an e-way bill is generated at 3 pm on March 8th, 2018 for a movement within 100 kms., the ?validity period of one day shall be counted till midnight of March 9th, 2018. Earlier, the e-way bill would have been valid till 3 pm of March 9th, 2018. "Therefore, in most cases, the industry will get more than 24 hours for the first 100 kms of shipment," PwC said. As per the changes in the rules, in addition to principal manufacturer/ brand owner, the job worker can also generate e-way bill in case of inter-state movement of goods to job worker irrespective of the consignment value. Earlier only the ?principal manufacturer could only issue the e-way bill. "With these changes, E way bill Rules have become much simpler than earlier. The timing of these changes suggests that Government is keen to implement the e way system from April 1, 2018, as indicated recently," said Pratik Jain, Partner and Leader Indirect Tax, PwC. AMRG & Associates Partner Rajat Mohan said one of the finest changes brought about by the government is an option given to taxpayers, who can now authorize transporters to generate Eway bills on their behalf. "This provision will be a win-win situation, as first this would promote ease of doing business for taxpayers," he said.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
RECOMMENDED FOR YOU