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E-Way Bill Integration with FASTag, RFID

E-Way Bill Integration with FASTag, RFID:

The Union Government has integrated the E-Way Bill (EWB) system with FasTag and RFID.

Electronic Way (E-Way) Bill:

  • E-Way Bill is usually a unique bill number generated for the specific consignment involving the movement of goods.
  • Under the Goods and Services Tax (GST) regime, EWBs are mandatory for inter-state transportation of goods valued over Rs. 50,000 from April 2018, with the exemption to precious items such as gold.
  • It is a mechanism to ensure that goods being transported comply with the GST Law and is a tool to track the movement of goods and check tax evasion.

FASTag:

  • The FASTag is a reloadable tag that allows automatic deduction of toll without having to stop for carrying out the cash transaction.
  • The tag uses Radio Frequency Identification (RFID) technology and is fixed on the windscreen of the vehicle once active.
  • RFID is the use of radio waves to read and capture information stored on a tag attached to an object.
  • A tag can be read from up to several feet away and does not need to be within the direct line of sight of the reader to be tracked.
  • From 15th February 2021, FASTag has become compulsory for all vehicles across the country.
  • It is operated by the National Highway Authority of India (NHAI).

Significance of Integration:

  • Large Movement of Goods Vehicles: On average, 25 lakh goods vehicle movements from more than 800 tolls are reported on a daily basis to the E-Way Bill system.
  • Live Vigilance: The integration of EWB, RFID, and FASTag will enable tax officers to undertake live vigilance in respect of EWB compliances by businesses.
  • Taxmen can now access reports on vehicles that have passed the selected tolls without e-way bills in the past few minutes.
  • Stop Revenue Leakage: It will aid in preventing revenue leakage by real-time identification of cases of recycling and/or non-generation of EWBs.

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