West Bengal is likely to
witness a 30-40 per cent rise in revenue collection once the e-way bill
for intra-State movement of goods is implemented, a senior official has
said.
The State’s revenue collection increased by nearly 15 per
cent after the implementation of e-way bill for inter-State movement of
goods in April. The State is likely to roll out the implementation of
e-way bill for intra-State movement of goods on June 3.
Technical glitches
West
Bengal has seen close to 64,000 entities register for generation of
e-way bills for inter-State transport of goods. The State has generated
nearly 12 lakh e-way bills for goods moving out of the State till date,
said Adesh Kumar, Additional Commissioner and PRO, Commercial Taxes.
"There
were initially a few technical hurdles and that is why we deferred the
rollout of e-way bill for intra-State transport of goods. We will roll
it out on June 3," Kumar told BusinessLine on the sidelines of a seminar on GST, organised by the Merchants’ Chamber of Commerce and Industry here on Monday.
The State had earlier raised issues with the GST Council relating to difficulties in implementation of e-way bill.
Fewer complaints
Some
of the issues included merger of multiple invoices into a single e-way
bill, treatment of intra-State movement of goods through designated
corridors and so on. According to Kumar, the number of complaints
received from trade bodies regarding entry of goods ’unrecorded’ has
come down since the rollout of e-way bill in April and is further likely
to decrease after its rollout for intra-State transport.
"Trade
was suffering as goods were coming in unrecorded, which was impacting
the prices of local products. Now with e-way bills that has been
addressed to a great extent," he said.
According to Arun Goyal,
Special Secretary, GST Council, as many as 20 States have already
implemented the e-way bill system. Goyal was also present at the seminar
and was addressing the queries of various stakeholders.
The
State has witnessed nearly 130 per cent growth in the number of entities
registered under GST to close to 6.5 lakh, as against only 2.7 lakh
under the VAT regime.
This also translated into better revenues.
West Bengal registered a revenue surplus in State GST collections for
March 2018. This is even while the country registered a SGST revenue
deficit of 17.9 per cent for the period.
While revenue deficit
across the country has come down from over 28 per cent in July 2017 to
17.9 per cent in March, West Bengal, which had a 33.4 per cent revenue
deficit in August 2017; has now recorded a surplus.
Process simplification
According
to Goyal, a number of amendments to the GST law, aimed to iron out
bottlenecks, are likely to be moved in the monsoon session of
Parliament.
The GST Council has also unveiled a new simplified return that would require a taxpayer to file only one return every month.
"The
issue of simplification of return filing process was deliberated at
length at the 27th GST Council meeting and we have given the GST Network
around six months time to develop the requisite system," Goyal said.