Covid-19 crisis: Govt extends validity of e-way bills; gives relief in ITC

The Centre has also deferred the application of restricted input tax credit (ITC) of 10% under goods and services tax (GST), providing relief to industry

The government has extended the validity of e-way bills that were set to expire during the 21-day lockdown, put in place to curb the spread of the coronavirus disease (Covid-19), addressing companies’ fears that their goods transported through trucks could be confiscated by the authorities.
 

The Centre has also deferred the application of restricted input tax credit (ITC) of 10 per cent under goods and services tax (GST), providing relief to industry, which has been struggling with cash flow. The validity of e-way bills that were set to expire between March 20 and April 15 has been extended till April