New Delhi, Aug. 31 (PTI): The Union finance ministry has notified the rules for e-way bills that require online pre- registration of goods before transportation under the new GST regime.
The date of implementation of the e-way bill mechanism will be notified separately, but sources said it was likely to come into force by October 1.
Under the e-way mechanism, all goods worth over Rs 50,000 will have to be pre-registered online before they are moved for sale beyond 10 km.
The GST-exempted goods have been kept out of the purview of the e-way bill – a minor relaxation from draft rules which required all goods to be pre-registered under the e-way bill provision.
The e-way bill provisions were approved by the GST Council, chaired by finance minister Arun Jaitley and his state counterparts, in its last meeting on August 5.
According to the e-way bill notification, the supplier or the transporter would not be required to furnish the e-way bill in case the goods are transported for a distance of less than 10 km within the state or Union territory from the place of business of the consignor to the place of business of the transporter for further transportation.
The permits issued would be valid for one day for movement of goods for 100 km and in same proportion for following days.
According to the draft provision, the GST Network (GSTN) will generate e-way bills that will be valid for 1-20 days, depending on distance to be travelled – one day for 100 km, three days (100 to less than 300 km), five days (300-less than 500 km) and 10 days (500-less than 1,000 km).