NEWS UPDATE
China faces acute revenue crunch! Will it reform clunky fiscal system? Erroneous Refund Has Globalisation favoured capital more than labour? Can taxing super-rich help? Global Debt & Fiscal Silhouette rising! Do Elections contribute to fiscal slippages? Tax Refund Conundrum - Odyssey of Legal Missteps Tax - on Death and Contemplation Right to Sleep - A Legal lullaby Nexus between Election Manifesto and Budget 2024 in July! GST Penalty of Rs. 3731 Crores on an employee! TIOL Fiscal Awards: Maastricht is dead & gone! What next? When the Stars Aligned: An Evening at the TIOL Awards Kudos for Digitalisation vs Pillories for e-waste! Import of Obscene goods - Who decides obscenity - Customs? EV Revolution: Lessons for India to learn from US and China! Massager or sex toy? One Nation, Many Elections: Time to repair the feet of clay! Too Many Sleuths Spoil the GST Soup WTO needs active aid-in-dying! China favours alternative trade architecture! GST in Income tax The Rhetoric of Illusory Decoupling of American Economy from Chinese! Where is that GST Appellate Tribunal? Trump's return to Oval Office! China sweating like just out of heated hammam! Cached Cash and GST America to quit NATO! A case of more theatre than threat! Aha, Trumpian in flavour! Doctrine of Proportionality Global Trade: Ruptured geopolitical order letting Red Sea turn 'Redder'! Templated Show Cause Notice - GST Ishtyle Interim Budget 2024: Quo Vadis, Indian Economy? Personal Hearing - By Law, Not Discretion Interim Budget 2024: Will FM really play fiscal 'Santa Claus' today! Sweet Beginning - Halwa Served - Budget Interim US Presidential Election: 'Tariff Man' is coming! Take cover! Summons - power of pen more effective than the presence of an officer in court Mamma mia! Nationalism-tinged AI may derail 'Re-globalisation'! PM visits GST Academy Din over DIN: What is FOMO for CBIC is actually JOMO for CBDT! Arrest under PMLA

Over 15 crore E-way Bills generated till July 30, 2018

Published: Aug 03, 2018

BY TIOL News Service

NEW DELHI, AUG 03, 2018: THE Union MoS for Finance, Mr Shiv Pratap Shukla, today in Parliament stated that as on July 30, 2018, a total of 7,58,75,207 E-way bills had been generated for intra-State movement. He further stated that 7,81,51,096 E-way bills had been generated for Inter-State movement of goods on the common portal www.ewaybillgst.gov.in .

The Minister further mentioned that the Union Government had deferred the introduction of the E-way Bill System till April 01, 2018. Further, the Government took various corrective steps in this regard viz., new Information Technology (IT) infrastructure including high end servers were installed to handle the increased load on the system. The upgraded system is capable of handling a peak load of 75 lakh E-way bills per day. As a result, the E-way bill system is now being successfully implemented since April 01, 2018 across the country.

The e-way bill system had been rolled out keeping several objectives in mind, such as providing a single and unified E-way bill for inter-State and intra-State movement of goods for the whole country in self-service mode. It also seeks to enable paperless and fully online system to facilitate seamless movement of goods across all the States. Besides, it is also aimed at improving service delivery with quick turnaround time for the entire supply chain and provide anytime anywhere access to data & services. Moreover, it seeks to facilitate hassle free movement of goods by abolishing inter-State check posts across the country.

He also mentioned that the the E-way Bill System was scheduled to be launched on February 01, 2018 for inter-State movement of goods. However, intra-State E-way bill was also made mandatory by some States from February 01, 2018 which resulted in increase in the number of transactions on the portal. Due to limited server capacity, the Information Technology (IT) infrastructure of the E-way bill system could not handle the load and crashed within few hours of operation on February 01, 2018. A total of 4.5 lakhs E-way bills could be generated that day.

TIOL SEARCH