E-Way Bills Explained
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 ...