Traders in Surat, India’s largest wholesale market for man-made fabric, have welcomed the state’s notification under the Gujarat Goods and Service Tax Act, 2017, to exempt businesses involved in all types of fabrics from generating e-way bill for movements within the city and the state. The rule, which does not apply to yarn, comes into force from February 1.
E-Way Bill is an electronically generated document which is required to be generated for the movement of goods of more Rs 50,000 from one place to another.Traders in Surat, India's largest wholesale market for man-made fabric, have welcomed the state's notification under the Gujarat Goods and Service Tax Act, 2017, to exempt businesses involved in all types of fabrics from generating e-way bill for movements within the city and the state. The rule, which does not apply to yarn, comes into force from February 1#
The decision will go a long way in curbing the problems faced by the textile traders regarding the generation of e-way bills, according to a report in a top Indian English-language daily. The traders, however, will continue to demand the extension of the implementation of the national e-way bill for another six months. (DS)
ALCHEMPro News Desk – India
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