E-way Bill comes into effect on Inter-state movement of goods over Rs 50,000

As per previous decision of GST council, the e-way Bill System for Inter-State movement of goods across the country is being introduced from April 1, 2018. From this date, the businesses and transporters moving goods worth over Rs. 50,000 from one state to another will have to carry an electronic or e-way bill.

The e-way bill will apply to inter-state transportation of goods worth over Rs. 50,000 through road, railways, airways and vessels.

Background

The e-way bill provision of the goods and services tax (GST) was first introduced on February 1, 2018. However due to some technical issues, the GST Council decided to roll-out of the e-way bill starting with inter-state from April 1 and intra-state from April 15, 2018.

Now, the platform has been made more robust and as many as 75 lakh inter-state e-way bills could be generated daily without any glitch. The system has been designed and developed by the National Informatics Centre (NIC).

About E-way bill

E-way bill is an electric document generated on the GST Portal, which is a common and shared information technology (IT) infrastructure between the Centre and States; and acts as evidence for movement of goods.

A company or an entity can upload relevant information prior to movement of a goods consignment from one state to another. Subsequently, the E-way bill for that consignment is generated via the GST portal. It may be noted that such a mechanism helps reduce the burden of tax collection under the GST regime and it is only applicable to transport of goods amounting to more than Rs 50,000 in value.

BABUR III: Pakistan tests nuclear-capable, submarine-launched missile

Pakistan has successfully test-fired its indigenously designed and built nuclear-capable, submarine-launched cruise missile (SLCM) Babur III. The missile was fired from underwater dynamic platform and successfully engaged its target with precise accuracy, meeting all the flight parameters.

Key Facts

Babur-III is the naval variant of the land-based Babur-II. The missile is capable of delivering various types of payloads including nuclear. It incorporates advanced technologies, including underwater controlled propulsion and sophisticated guidance and navigation features. The missile has strike range of 450 km.

This is only the second time that Pakistan has announced test of SLCM Babur-III missile, with first test being conducted in January 2017. Duringfirst test, Babur-III was launched from unidentified underwater mobile platform.

Babur-III missile provides Pakistan’s military credible second strike capability. Pakistan has been working hard with China’s help on developing this capability to carry out retaliatory nuclear strike even after enemy’s nuclear attack destroys or neutralises its land-based nuclear arsenal. India already has it.