FICCI wants govt to reconsider E-Way Bill System

FICCI wants govt to reconsider E-Way Bill System

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FICCI wants govt to reconsider E-Way Bill System -min

FICCI wants govt to reconsider E-Way Bill System -min
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The government has decided to introduce E-way bill system for inter state transactions from 1st February. According to FICCI the GST IT system has not yet stabilized and huge effort is devoted to GST compliance affecting adversely the other business operations of an entity

FICCI wants the government to reconsider the decision to introduce E-way bill system in the country. It should be noted that the government has decided to introduce E-way bill system for inter state transactions from 1st February. 

According to FICCI the GST IT system has not yet stabilized and huge effort is devoted to GST compliance affecting adversely the other business operations of an entity. “It is strongly believed that the present documentation under GST could be used to track supplies without additional documentation in the form of E-way bill,” FICCI says in its Budget Memorandum.

It is suggested that the Government may observe the functioning of the controls and procedures as provided for under the GST law over a period of time and only if concerns of revenue leakage persists, the alternative of E-way bill should be examined. FICCI feels “the present IT system under GST is under serious pressure particularly for huge quantum of documentation and various interfaces. It is believed that addition of E-way bill for supplies would add more documentation and complexities to the business process”.

The various concerns of the industry should be examined for example regarding enhancing the threshold for generation of e-way bills, requirement of e-way bill for intra-State movement etc. and appropriate decision should be taken to ensure that introduction of E-way bill does not add to the complexities of doing business, the Memorandum said.