CBEC proposes e-way bill for goods worth Rs 50,000 in transit

Moving goods worth more than Rs 50,000 under  GST  will require prior online registration of the consignment and securing an 'e-way bill' that tax officials can inspect anytime during the transit to check tax evasion. The Central Board of Excise and Customs (CBEC) has issued draft rules on Electronic Way (e-way) bill that require registered entities to furnish, in a prescribed format, GS…