E-Way Bills To Bring Unorganised Trucking Firms In Tax Net, Says TCI Express Head
Organised players to benefit from e-way bills, says TCI Express chief.
Making e-way bills or electronic invoices compulsory for inter-state transfer of goods starting Feb. 1 will make it difficult for smaller and unorganised logistics services providers to avoid tax, said Chander Agarwal, managing director at TCI Express Ltd.
“There will be no escape for unorganised players,” Agarwal told BloombergQuint in an interaction. They will have to pay the tax that they were avoiding so far, he said. The move will be a key positive for organised players in the logistics space, he said.
The Goods and Services Tax Council on Dec 16. decided to roll out the e-way bills— generated on the GST Network portal—for movement of goods between states two months earlier than planned to plug loopholes in revenue collection. For intra-state transport, states have been given time till June 1 to roll out the electronic document.