The revenue department has proposed to link e-way bill with National Highways Authority of India’s (NHAI) FASTag system and the Logistics Data Bank (LDB) service of Delhi-Mumbai Industrial Corridor (DMIC). The objective of the integration of the new systems is to make way for faster transportation of goods and to keep an eye on GST evasion.
The FASTag system was formulated by the NHAI to collect tolls electronically and enable faster movement of vehicles through toll plazas on national highways. Integrating the e-way bill with FASTag will help revenue authorities and suppliers track movement of vehicles and goods. Transporters can also track their vehicles through the SMS alert system included in the FASTag mechanism.
The DMIC, on the other hand, has a container tracking system called LDB. Linking the LDB programme with the e-way bill will further enhance the logistics ecosystem in the country.
Officials of the revenue department believe the linking of the e-way bill with LDB and FASTag will greatly benefit the complete logistics picture in India. It will ease the business of tracking, tracing, and sharing information among agencies.
The plans by the revenue department will also keep a check on corrupt traders who manage to evade payment of the Goods and Services Tax (GST) by looking for loopholes in the system.
The e-way bill system was started on April 1 this year, as an anti-evasion technique, for goods valued over Rs.50,000 that were moved from one state to another. The same system was later applied from April 15 for movement of goods within states too.
Source: Economic Times