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2020-01-16 - ETRISE Top MSMEs Ranking: As GST collections slip, compliance cost increases

As monthly GST collections come in lower than the targeted number, tax officials are under increasing pressure to curb evasion, which in turn is making things difficult for business and industry.

Consider this. Meant as a measure to curb GST evasion, the e-Way bill system for all inter-State movement of goods was rolled-out on April 1, 2018 with the State of Karnataka being the first to make it operational. However, almost two years after its introduction, e-way bills continue to be a pain-point for the industry.

The transit of goods from one place to another either interstate or intra state and of value more than Rs 50,000 is facilitated by the filing of ‘E-Way Bills’ on the common GST portal.

Highlighting the issues related to the E-way Bill at the recently held ETRise Dialogues, Rajiv Chawla, Chairman Jairaj Industries & IamSMEofIndia states that the process is a major dampener and should be removed with the introduction of e-invoicing.