E-Way Bill- A System Maker in Transport Industry

Vol-4 | Issue-5 | May 2019 | Published Online: 25 May 2019    PDF ( 291 KB )
Author(s)
Dr.Prof. Sachin Chavan 1; Dr. Yogendrakumar Deokar 2; Mr. Amol Gore 3

1Associate Professor, Department Of Management, Zeal College of Engineering & Research, Narhe Pune (India)

2Assistant Professor, Department Of Management, Zeal College of Engineering & Research, Narhe Pune (India)

3MBA Finance Student, Department Of Management, Zeal College of Engineering & Research, Narhe Pune (India)

Abstract

E-way bill is a compliance mechanism conceptualized by the Goods and Service Tax Council headed by Shri Arun Jaitley, the Union Minister of Finance & Corporate Affairs. In the 24th meeting of the GST Council it was propounded that the E way bill system will be implemented for inter-state transit of goods from 1st February, 2018. Under this scenario understanding the implication of e-way bill in our country is crucial. A way bill is a document issued by the carrier, relating to the details of the shipment of goods. Therefore an e-way bill or electronic way bill is an electronic document produced, containing details regarding the consigned goods for transit prior to the commencement of movement.

Keywords
E-way Bill, Transport Industry.
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