2 The e-way bill mechanism has been introduced in the GST regime to plug tax evasion loopholes. 3 The GST revenue for October stood at Rs 83,346 crore, the lowest since the implementation of GST. On Saturday, GST Council approved mandatory compliance of e-way bill for intra-state movement of goods from June 1, 2018. These decisions were taken at the 24th meeting of the GST Council headed by Finance Minister Arun Jaitley. The e-way bill mechanism has been introduced in the GST regime to plug tax evasion loopholes.
Source: India Today December 16, 2017 08:38 UTC