Tuesday 3 April 2018

Reactions from SUFI and Global Ocean Group on E-Way Bill

Quote from Mr. Nikunj Turakhia, President of Steel Users Federation of India (SUFI)

“SUFI welcomes implementation of e way bill for inter-state transactions from 1st April 2018. After failing to implement inter-state e way bill on 1st feb 2018 due to software glitches, this time government has made sure that the server does not crash and runs seamlessly.

The introduction of e way bill is expected to plug any leakages in GST revenue and will further strengthen compliance as well as bring more of unorganized players to organised .However multi destination and multi state transactions still remain cumbersome and needs to be simplified further. We are sure as we move forward GST regime will become  more simpler and in the words of honorable Prime Minister will be truly GOOD and SIMPLE TAX. Let us hope for the best.”

Quote from Mr. Brijesh Lohia, Managing Director of Global Ocean Group

“With the relaunch of inter-state e-way bill from April 1, we hope that this time the process is smooth and quick. The February 1 launch turned out to be a fiasco as the system which was expected to handle a daily load of 6 lakh inter-state e-way bills per day crashed within the first hour. This time the government has assured that now the GSTN portal can handle 75 lakh inter-state bills a day. While we welcome this move but we want to see how disruptive this proves to be for the logistics companies.

Logistics industry has always been heavily dependent on the unorganised sector, and the e-way Bill is expected to transition this to organised sector.  The transition might take time as the final form of the e-way bill is yet to take shape. The bill is also expected to improve logistics efficiency but many fear that in fact it will make the whole process cumbersome and costly.

However, the real test lies in the proper implementation of the Bill, otherwise it will create more issues for us.

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