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  3. Govt to integrate e-way bill with FASTag, LDB services to check GST evasion

Govt to integrate e-way bill with FASTag, LDB services to check GST evasion

20 Nov 2018 Evaluate

In a bid to facilitate faster movement of goods and check new indirect tax evasion, the Revenue Department is planning to integrate e-way bill with the National Highways Authority of India’s (NHAI) FASTag mechanism and Delhi-Mumbai Industrial Corridor Development Corporation’s (DMICDC) Logistics Data Bank (LDB) services. The proposal will enhance operational efficiencies across the country’s logistic landscape. It will also help in preventing Goods and Services Tax (GST) evasion by unscrupulous traders who take advantage of the loopholes in the supply chain. 

Presently, lack of harmonisation under the ‘track and trace’ mechanism in terms of sharing information among different agencies is affecting the ease of doing business in the country as well as impacting the logistic costs of the companies. Touted as an anti-evasion measure, e-way bill system came into force from April 1, 2018, for moving goods worth over Rs 50,000 from one state to another. The same for intra or within the state movement was rolled out in a phased manner from April 15.

The integration of the e-way bill system with FASTag and LDB is expected to help boost tax collections by clamping down on trade that currently happens on cash basis. The NHAI has put in place the FASTag system for collection of toll electronically on national highways. FASTag also offers non-stop movement of vehicles through toll plazas. Integration of e-way bill with FASTag will help revenue authorities track the movement of vehicles and ensure that they are travelling to the same destination as the transporter or the trader had specified while generating the e-way bill. It will also help the suppliers locate the goods through the e-way bill system. Transporters, too, would be able to track their vehicles through SMS alerts that would be generated at each toll plaza. Similarly, DMIC’s container tracking services, also called LDB programme, would be integrated with the e-way bill to improve the logistics ecosystem.

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