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Integration of FASTag with GST

Integration of FASTag with GST

Integration of FASTag with GST

The National Highways Authority of India announced the implementation of FASTags for toll payments, even on State roads. Eight states are part of the new “One Tag One Nation” initiative, which will make it easier for the Central and State governments to implement GSTN for goods vehicles. The implementation will be effective by April 2020, but vehicle owners who are eligible for GST payments need to apply for the e-wallet by December 1, 2020.

Objective

Integration of FASTag with the GST e-way bill system will enable the GST Council and the NHAI to:

  • Track the movement of commercial vehicles
  • Track the authenticity of all travel data supplied when filing GST
  • Verifying e-way bills
  • Implement prepaid e-wallet for paying parking charges, toll charges and fuel costs
  • Partner with airports and other transportation hubs to offer parking services

Indian Highways Management Corporation Limited (IHMCL) and GST Network (GSTN) has signed an MoU for integrating the E-Way Bill system with FASTag. This will enable to overcome the difficulties in existing track and trace mechanism for GST E-Way Bill (EWB) System. Also, the integration will enhance the efficiency in its monitoring. From April 2020, the integration would become mandatory on an all India basis. With this integration, revenue authorities will be able to track the goods vehicles to see whether they are travelling to the specified destination. The supplier/transporter will also be able to track their vehicles through SMS alerts generated at each toll plaza.

Participating States and Government/Private Bodies

  • Uttar Pradesh – UP Expressway Industrial Development Authority
  • Maharashtra – Maharashtra State Road Development Corporation
  • Tamil Nadu – Tamil Nadu Road Development Corporation
  • Andhra Pradesh – AP Road Development Corporation
  • Haryana – Haryana PWD
  • Karnataka – Karnataka PWD and Karnataka Road Development Corporation
  • Punjab – Punjab PWD
  • Telangana – Telangana PWD

One Tag One Nation Card

The new prepaid card system using FASTags can be used to will allow goods transporters to:

  • Add funds to prepaid FASTag wallets
  • Pay toll charges (even on State Roads)
  • Pay for fuel
  • Pay for parking charges

One Tag One Nation e-Wallet Benefits

Cashback on Toll Payments: Cashback of 2.5% on all national toll payments. The offer is valid till March 2020, and the continuation of the cashback offer has not been confirmed. Existing FASTag cardholders can apply for the e-Wallet and claim the benefit as well, but linking bank accounts is mandatory to avail the offer.

SMS and Email Alerts: All transaction notifications are sent to the registered mobile number and email.

Web Portal: An online portal is under construction, and it will be available by April 2020 for managing the new e-wallet.

Instant Toll, Parking, and Fuel Payments: The e-wallet transactions are fully digital, and they save time.

Online Recharge: The e-wallet can be topped up using online payment options like a debit card and credit card.

Accidental Death Cover: The e-wallet supports an accidental death cover of up to Rs.1,00,090 for on-duty drivers.

GST Filing: The new e-wallet will allow goods vehicle owners to use the transaction data for filing GST returns.

How to Obtain One Tag One Nation (FASTags), Smart Card

To get access to the e-wallet features and link your FASTag with the GST Network, you need to obtain the from any of the 490 National Highway toll plazas along with 39 state highways. The new smart card does not require vehicle owners or transportation companies to link their bank accounts to their FASTag card.

The new e-wallet is isolated, and owners can top up the smart cards using cash at any participating national or state highway. All toll plazas that fall under the participating States will be enabled to accept FASTAgs by April 2020.

The notification from the Ministry of Road Transport & Highways is provided below:

GST & FASTag

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