Revenue dept plans linking e-way bill with FASTag, logistics data bank to check GST evasion

New Delhi, Nov 19: The revenue department is planning to integrate e-way bill with NHAI’s FASTag mechanism and DMICDC’s Logistics Data Bank (LDB) services, to facilitate faster movement of goods and check GST evasion.
The proposal, according to officials, will improve operational efficiencies across the country’s logistic landscape.
Currently, 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. Besides, it is also impacting the logistic costs of the companies.
The proposal, being worked out by the revenue department, will also help in preventing goods and services tax (GST) evasion by unscrupulous traders who take advantage of the loopholes in the supply chain, an official told .
Touted as an anti-evasion measure, e-way bill system was rolled out on 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.
Transporters of goods worth over Rs 50,000 would be required to present e-way bill during transit to a GST inspector, if asked.
“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 official said.
The National Highways Authority of India (NHAI) has put in place the FASTag system for collection of toll electronically on national highways.