E-way invoice built-in with FASTag, RFID

In a transfer which is able to assist curb tax evasion, GST authorities will now be capable to monitor real-time information of economic automobile (CV) motion on highways by integration of the e-way invoice (EWB) system with FASTag and RFID.
Under the Goods and Services Tax (GST) regime, EWBs are necessary for inter-state transportation of products valued over Rs 50,000 from April 2018, with the exemption to treasured objects corresponding to gold. On a median, 25 lakh items automobile actions from greater than 800 tolls are reported every day to the e-way invoice system.
The integration of e-way invoice, RFID and FASTag will allow tax officers to undertake dwell vigilance in respect of EWB compliances by companies and can help in stopping income leakage by real-time identification of circumstances of recycling and/or non-generation of EWBs.
Tax officers can now entry stories on automobiles which have handed the chosen tolls with out EWBs up to now jiffy. Also, automobiles carrying essential commodities particular to the state and having handed the chosen toll might be seen. Any suspicious automobiles and automobiles of EWBs generated by suspicious taxpayer GSTINs, which have handed the chosen toll on a close to real-time foundation, may also be seen on this report.

The officers can use these stories whereas conducting vigilance and make the vigilance exercise more practical. Also, the officers of the audit and enforcement wing can use these stories to establish fraudulent transactions like invoice buying and selling, recycling of EWBs.