Government To Link FASTag, Logistic Data Bank To Check Evasion Of GST
Government To Link FASTag, Logistic Data Bank To Check Evasion Of GSTRepresentative image. (Website/IHMCL)

The Union Government plans to link the GST Network with the Logistics Data Bank (LDB) services of Delhi-Mumbai Industrial Corridor Development Corporation and FASTag mechanism of the National Highways Authority of India (NHAI) in a bid to check evasion of Goods and Services Tax, reports Economic Times.

The government introduced e-way bills to monitor tax evasion by tracking the movement of goods and identifying direct linkage between what is declared in the bill and what is moved.

Reports suggest that the revenue department is planning to integrate e-way bills with FASTag mechanism in a bid to ensure seamless movement of goods and checking GST evasion.

E-way bills are necessary in moving goods worth over Rs 50,000 from one state to another. The e-way bills would be linked to the LDB services of the DMICDC. The LDB, like FASTag, uses RFID technology to provide container tracking services in India by integrating multiple information nodes across various agencies.

The linkage between FASTag and LDB will significantly operational efficiencies across the logistic landscape of the country. This would also prevent GST evasion by erring traders who take advantage of loopholes in the supply chain.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber