Maharashtra Govt planning to revise intra-state E-way bill limit from Rs 50k to Rs 1 lakh

Mumbai, July 2 (KNN) The Maharashtra Government is planning to increase the E-way bill generation criteria for goods from the present threshold of Rs 50,000 to Rs 1 lakh, state Finance Minister Sudhir Mungantiwar has said.

He said the change 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.

Mungantiwar was speaking at a function organised to commemorate the first anniversary of the implementation of the Goods and Services Tax mechanism across the country.

"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," he told the gathering.

The minister said that 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.

A presentation made on the occasion by state GST officials showed that Maharashtra's share of the total E-way bills generated across the country, which stood at 3.76 crore, was 18 per cent.

An E-way bill has to be generated online by traders when they have to move their goods within the state or outside.