4/25/2017 EwaybillsmaymakeGSThighwaybumpyTheEconomicTimes

SECTIONS
Home ETAPPS Company
News ENGLISHIndustryEPAPER
Economy PoliticsandNation Brandwire Defence International IndiaUnlimited FOLLOWUS
More SIGNIN

PoliticsandNation LATESTNEWS 6CRPFmeninjuredinNaxalencounterinChhattisgarh

ETHome News PoliticsandNation SearchforNews,StockQuotes&NAV's

50 ()( /10 / CHOOSE

03:59PM|25APR EOD LANGUAGE

MARKETSTATS 29,943 287.40 9,306 88.65 28,967.00 164.00 64.28 0.15 HIN

EwaybillsmaymakeGSThighway
bumpy
BYLUBNAKABLY,TNN|UPDATED:APR15,2017,11.58AMIST PostaComment

Takingcloudtothenext
level
MUMBAI:Ewaybillswillberequiredfor
movementofallgoods,whetherwithin
thestateoracrossstates.Themulti
FutureProofyour
enterprisewithNextGen layeredprocessinvolvedwillmake
UCaaS transportofgoodsacumbersome,
delayedandcostlyaffairundertheGST
KnowMore regime,accordingtoindustrywatchers.
Ewayortransitbillswillalsoberequired
Politics/Nation fortransportofgoodsoutsidetheGST
ambit,suchaspetrolordieseloreven
Bangladeshhopesspeedierimplementationof
Indiaaidedprojects exemptgoodslikeagriculturalproducts. Theentireprocessrequiresparticipationbythe

PMModiannouncedalineof
Draftrulesinthisregardwerereleased supplier,thetransporterandeventherecipient,
whichhastocommunicateitsacceptanceor
concessionalcreditofUSD4.5billion lateonThursday.
rejectionoftheconsignmentcoveredbytheeway
forimplementationofprojectsin
billwithinashortspan.
BangladeshduringpremierSheikh
Hasina'svisittoIndiathismonth. Theentireprocessrequiresparticipation
Naxalattack:Rs20Ltofamiliesof4CRPFjawansfrom bythesupplier,thetransporterandeventherecipient,whichhastocommunicateits
TamilNadu acceptanceorrejectionoftheconsignmentcoveredbytheewaybillwithinashort
BandhcalledbyDMKisantipeople:AIADMK
span."TheintroductionofewaybillsdefeatsthedesignofGST,whichisaselfpolicing
mechanism.Ifatall,ewaybillscouldhavebeenintroducedonlyforspecificgoods
More wherepastexperiencereflectedtaxevasion,"pointsoutPrashantDeshpande,indirect
taxpartneratDeloitteIndia.

Insimpleterms,fortransportofgoods,wheretheconsignmentvalueexceedsRs
50,000,thefirststepisfortheconsigner(eg:supplier)touploaddetailsontotheGSTN
portal.Ifthegoodsarebeingtransportedbyathirdpartytransportcompany,then
SPOTLIGHT basedonsuchinformationuploadedbythesender,thetransportcompanywillupload
MarketMakers
furtherdetailstocreateafinalewaybill.Thisewaybillistobecarriedalongwiththe
Defence
goodsthatarebeingtransported.

UpongenerationoftheewaybillontheGSTNportal,auniqueewaybillnumber
(EBN)shallbemadeavailabletothesupplier,thetransporterandtherecipientof
goods.Nowthecomplexitiesbegin.

"Attimes,alorrymaynothaveapanIndiapermit,ortherecouldbeunforeseen
circumstancessuchasanaccident.Thus,inthecourseoftransit,goodswouldbe
transferredfromonevehicletoanother.Insuchcircumstances,thetransporterhasto
Nifty50hitsfreshalltimehigh createanewewaybillontheGSTNportal,beforefurthertransit.Alotridesonthe
Over24CRPFjawanskilledin
5factorsdrivingtherally worstMaoistattackinyears
transporter'sabilitytobeabletokeepupwiththenewrules.Italsoputsanadditional
Thebankingindex,too,hasrisentoa loadontheGSTNportal,"saysSunilGabhawalla,charteredaccountantandGST
Thedeadlyassaultonthejawansoccurred
recordhighsinceApril18thisyear.The
BACKTOTOP around12.25pmintheKalapatharareaof
specialist.
BSESensexclimbedover150pointsin southBastarregion,aMaoisthotbed.
earlytradeonTuesday.
Wheremultipleconsignmentsaretobetransportedinonevehicle(say,alorryis

http://economictimes.indiatimes.com/news/politicsandnation/ewaybillsmaymakegsthighwaybumpy/articleshow/58190073.cms 1/4
4/25/2017 EwaybillsmaymakeGSThighwaybumpyTheEconomicTimes
Earningsreview:RIL'sQ4numbersto cateringtothreedifferentsuppliers),thetransporterisrequiredtoindicatetheserial
Home News Company Industry Economy PoliticsandNation Brandwire Defence International IndiaUnlimited More
boostinvestorconfidencefurther
Experttake:Whatmarketsshould
numberoftheewaybillsgeneratedinrespectofeachsuchconsignmentontheGSTN
concludefromFrenchelectionresults portal."Aconsolidatedewaybillintherequiredformistobegeneratedbythe
transporterpriortothemovementofgoodsthiswillmaketrackingcumbersomefor
allpartiesinvolved,"explainsGabhawalla.

Forget4%,nowearn Rs2lakhhealthcoverage
8.65%*onyoursavings @Rs8*perday
Fundsindia ReligareHealthInsurance

RecommendedByColombia
MostRead MostShared MostCommented

WhyModiiswillingtodumpa150yearoldpractice Thevalidityperiodoftheewaybill,whichisdependentuponthedistanceinvolvedfor
todriveIndia
transportofgoods,isanothergreatcauseofconcern.Awiderangeisprovided:Ifthe
PMNarendraModipitchesforadvancingfinancial distanceislessthan100kms,thevalidityperiodisoneday.Themaximumvalidity
yeartoJanuaryDecember periodis15days,wherethedistanceismorethana1,000kms."Thetimelineisvery
PresidentialElections2017:BJPwellplaced, strictandimpracticalexigenciescanariseinthecourseoftransportentailingdelays
needsjustoneoppositionparty'ssupport intransitbeyondthespecifiednumberofdays.Thedraftrulespermitphysical
India'sGSTchallengemakesDonaldTrump'stax verificationofthegoodsintransit.Thus,astaleewaybillcouldresultindetentionof
overhaullookeasy thevehicle,"addsGabhawalla.
PMNarendraModi'spushtomakekitchenssafer
makesIndiaNo.2LPGimporter Therecipientofthegoods,ifitisaregisteredentityunderGST,hastocommunicateits
More acceptanceorrejectionoftheconsignmentcoveredbytheewaybill,within72hoursof
thedetailsbeingavailableontheGSTNportal.Else,therecipientisdeemedtohave
acceptedthedetails.
NottobeMissed
World'slargestandmostpowerful "Therewasnoneedforthisadditionallayerofverificationofewaybillsbythebuyeras
warshipsofalltime
theGSTNsystem,whichoperatesonamatchingconcept,alreadycapturessucha
requirement.ThesupplieristoprovideoutwardsupplydetailsinGSTReturns1,by
the10thofeachsubsequentmonth.DetailsareautopopulatedontheGSTNportal
Sachinturns44:Tenfactsthatyou
probablydidn'tknowaboutTendulkar andmadeavailabletotherecipientinGSTreturn2Aforverificationwithinastipulated
time.Changes,ifany,onverification,areagaintobeacceptedbythesupplier,"
explainsDeshpande.
PMNarendraModipitchesfor
advancingfinancialyeartoJanuary Gabhawallasumsup,"Underthedraftrules,abuyerwillhavetokeepcheckingthe
December
GSTNportal.Asthebuyergenerallyhastoshowanoutput(sale)againstaninward
consignment,anylapsesay,inrejectinganerroneousewaybillwillresultinlegal
andtaxconsequences."

PubliccommentsareinviteduntilApril21.TheGSTcouncilwillfinalisethedraftrules
intheirmeetinginmidMay.

Comments(0) AddComments
WhybeingatechieinIndiaisnolongercool

AlsoRead
WhyModiiswillingtodumpa150
yearoldpracticetodriveIndia BiharassemblypassesGSTBill

GSTtoboostwarehousing,logistics:JLL

GSTmaymakegoldcostlier
TCS,Infosysaccountedforonly8.8%
oftotalH1Bvisas:Nasscom CBECtoberenamed,reorganisedforGSTregime

TradersdividedongoldGSTrate

ListyourBusinessonEconomic
BACKTOTOP READMOREON IndirectTax GST GoodsRecipient GoodsInTransit GoodsAndServicesTax
Timesandreachouttomillionsof
users

http://economictimes.indiatimes.com/news/politicsandnation/ewaybillsmaymakegsthighwaybumpy/articleshow/58190073.cms 2/4
4/25/2017 EwaybillsmaymakeGSThighwaybumpyTheEconomicTimes

Home News Company Industry Economy PoliticsandNation Brandwire Defence International

STAYONTOPOFBUSINESSNEWSWITH IndiaUnlimited More
DOWNLOADNOW
THEECONOMICTIMESAPP.

FROMAROUNDTHEWEB

WantajobatInfosys?Hereare2qualitiesyou
mustpossess,saysfounderNarayanaMurthy

Gainers

Coders,winprizesworth3 Diabetesdoesn'tholdmeback SecureyourFamily'sFuture

crore.Knowmore! fromenjoyingtheholidays. withAegonLife
TECHGIG AccuChekActive AegonLife

MOREFROMECONOMICTIMES
MeetArunachalamMuruganantham,
themanwhoworeasanitarypadto
breakataboo

'StayHungryStayFoolish'author
allegessexualharassmentbytech
investorMaheshMurthy

ActressKalpanagivenstate 6interestingfactsaboutthenew Tatajustunveileditsfirstsports

funeral,celebritiespayhomage UPCM,YogiAdityanath coupeTaMoRaceMo

Recommendedby

FromAroundtheWeb MorefromTheEconomicTimes
Allyouneedtoknowaboutcashless Haveletmyemotionsslip,Iapologise:Steve
transactions Smith
TomorrowMakers

PMNarendraModipitchesforadvancing Easyanddeliciousmethodtoloseweight AadhaarbasedKYClikelyacrossfinancial

withoutdiets sector
financialyeartoJanuaryDecember
TheFitIndianBlog

NorthKoreasaysreadytostrikeUS TheNaturalWaytoStaySlimAndFeelGood SBItoraisestakeinSBICardto74%byJune

aircraftcarrier FitIndianDaily end

Isvisitinghospitalpartofyouritinerary? RonaldotakesPortugaltallyto70inHungary
BJPzeroinworkbutheroinpolls: BajajAllianz stroll
ShivSena
Recommendedby

SignupforETDefenceNewsletter WEEKLY

GetthelatestandmostrelevantDefence enteryouremailid SignUp

storiesfromIndiaandacrosstheworld.
SampleNewsletter

GetaQuote BrowseCompanies
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z | 1 2 3 4 5 6 7 8 9
TypeCompanyName GetQuote

BrowseMutualFunds
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

BACKTOTOP
LiveMarket News Portfolio Mobile LiveTV Newsletter Commodities Speed QnA Blogs Alerts RSS

OtherTimesGroupnewssites Livingandentertainment HotontheWeb Services

http://economictimes.indiatimes.com/news/politicsandnation/ewaybillsmaymakegsthighwaybumpy/articleshow/58190073.cms 3/4
4/25/2017 EwaybillsmaymakeGSThighwaybumpyTheEconomicTimes
TimesofIndia | Timescity | iDiva | Zoom | RERA | Bahubali2 ads2book | Gadgetsnow | FreeBusinessListings
Home News CompanyLuxpresso
Industry
| GaanaEconomy
| Happytrips PoliticsandNation
| Brandwire
BSESensex | MIvsDD Defence International
Simplymarry IndiaUnlimited
| Astrospeak | Timesjobs More
| Magicbricks | Zigwheels | Timesdeal |
| MumbaiMirror
Cricbuzz | GetSmartapp Goldratetoday | Sensex dineout | Filmipop | Remit2india | Gaana | Greetzap | Techradar | Alivear |
TimesNow | Indiatimes
IPL2017 GooglePlay
|
| Lifehacker
Networking
Gizmodo | Eisamay | IGNIndia itimes | MensXP.com
NavGujaratSamay

Aboutus / Advertisewithus / TermsofUse&GrievanceRedressal / PrivacyPolicy / Feedback / Sitemap / CodeofEthics / / Disclaimer Copyright2017Bennett,Coleman&Co.Ltd.Allrightsreserved.

BACKTOTOP

http://economictimes.indiatimes.com/news/politicsandnation/ewaybillsmaymakegsthighwaybumpy/articleshow/58190073.cms 4/4