01 February 2018 Current Affairs: A new e-way bill system will come into effect.
Under the new system, every transporter will have to carry a system-generated bill to move goods from one place to another.
The e-way bill system introduced to bring uniformity across the states for seamless inter-state movement of goods.
Under the Goods and Services Tax, interstate transportation of goods beyond 10 kilometers with a value of 50,000 rupees and above, will mandatorily require the e-way bill.
Last month, the GST Council decided to implement the e-way bill mechanism throughout the country from 1st of February, 2018.