Maharashtra To Increase E-Way Bill Threshold To Rs 1 Lakh From Rs 50,000
Goods with a value of less than Rs 1 lakh need not have an e-way bill when they are transported within Maharashtra.
The Maharashtra government has said it would increase limit for e-way bill generation for movement of goods between states under GST to Rs 1 lakh from the present threshold of Rs 50,000.
The E-way bill, an electronic system, has to be generated by traders when they have to move their goods within the state or outside. This change, officials said, would mean that goods having a value of less than Rs 1 lakh need not have an e-way bill when they are transported within Maharashtra.
“It is a day of celebration and I have good news for traders. The intra-state transport e-way bill limit will be revised (from the current Rs 50,000) to Rs 1 lakh,” state Finance Minister Sudhir Mungantiwar said yesterday at a function organised to commemorate the first anniversary of the implementation of the Goods and Services Tax across the country.
The minister said the e-way bill system had been effective in curbing evasion of stock and material as it could track these items from source to destination.
Speaking on another issue, of state GST officials demanding pay parity with their central GST counterparts, the minister said that steps would be taken in this connection. "The state government will take steps to bring salary parity between state and Central officials," he said.