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E-Way Bills Demystified: Everything You Need to Know

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  E-Way Bills Demystified: Everything You Need to Know E-Way Bills have become integral  portions  of the GST framework of India. They are used for transporting goods and ensuring tax compliance. Following is a comprehensive guide on what an E-Way Bill exactly is. What is E-Way Bill? E-Way Bill is a document raised for the conveyance of consignment valued more than a certain amount (at present Rs. 50,000) from one place to another. It contains information like goods information, consigner information, consignee information, and vehicle details. When is an E-Way Bill Generated? E-Way Bills are generated in the following cases: Inter-State Shipment: When the consignment is moved from one state to the other. Intra-State Movement: E-Way Bill is  compulsorily  required for some states for intra-state movement. Use of More than One Mode of Transportation: When two or more modes of transportation are used for moving goods. E-Way Bills Essential Features Validity: The v...

E-Way Bills Explained

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  E-Way Bills Explained The E-Way Bill is a document required under the Goods and Services Tax regime in India to be carried by a person who is in charge of the movement of goods. Herein is explained in detail: An E-Way Bill is an electronic document that must be generated for the movement of goods exceeding a prescribed monetary value. It is meant to  facilitate  the movement of goods and ensure that taxes are paid right. When is an E-Way Bill Required? An E-Way Bill must be generated, where the movement of goods takes place in  relation  to the following: Inter-State Movement: In circumstances where there is movement from one state to another and the value of such goods exceeds ₹50,000. Intra-State Movement: If the value of the goods moves across within a state and if that value is more than ₹50,000. Many states have different values for intra-state movement. For Supply: If the goods are transported for the purpose of sale or supply, which includes goods sent ...