Business Today

Speed Breakers

Though E way bill has crossed the first hurdle of technical glitches, on ground issues remain a major bottleneck.

E way Bill: The Low Down

report on the website of the road and transport ministry claims that before the Goods and Services Tax, or GST, came into force, "a typical truck would spent 20 per cent of its run time at interstate check posts". It says that after GST, interstate check posts have been removed, due to which travel time of long haul trucks and other cargo vehicles has fallen at least one fifth. Transporters say while these claims may be a little exaggerated, transit time has indeed reduced. An analysis by the All India Motors Transport Congress, a body of transporters (cargo and passenger) representing 9.3 million truckers, has found that the time to cross state borders has come down by two five hours. Most states have done away with the requirement for physical transit pass, stamping, online transit and document checking at border check posts, it found.

You’re reading a preview, subscribe to read more.

More from Business Today

Business Today3 min read
Road Warrior
IN THE HEART of Khalid Wani, who is the Senior Director of Sales for the India region at the American storage drive maker, Western Digital, beats the rhythm of a fervent traveller. He’s a man who believes passionately that the most precious memories
Business Today2 min read
All That Glitters
THE YEAR 2024 has so far, been a dazzling one for gold, which has recorded a new high of more than ₹73,000 per 10 gm on the MCX in 2024. The prices are up by more than 10% this year, outperforming the Nifty. The current bullish trend in gold prices i
Business Today1 min read
Low Burden
A combined approach of individual and HUF income can help a married couple enjoy more tax benefits Gifts received from spouse are tax-free up to ₹50,000 A taxpayer can reduce tax liability or avoid clubbing income by loaning to their spouse at a cert

Related