Even as the recent initiation of e-way bills complement the implementation of GST and it is a logical extension of the grand taxation revamp, the provisions of the new modality could make life difficult for small road transport operators (SRTOs). At least, in the near term. This is the major takeaway of a recent report released by India Ratings and Research (Ind-Ra).
“Following the implementation of e-way bills on 1 April 2018, truck operators are required to put in place necessary systems and processes to maintain formal books of accounts and integrate their operations with the e-way bills portal. This is likely to reduce the proportion of informal and cash-based movement of a large portion of goods. Ind-Ra expects small and unorganised players to face challenges in technology adoption and system integration over the near term,” the agency has maintained in its report.