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E-Way Bill – An Overview
The E-Way Bill system is an electronic mechanism introduced under GST to track the movement of goods in India. It is mandatory for the movement of goods worth more than Rs. 50,000, whether inter-state or intra-state. The E-Way Bill helps in ensuring smooth, transparent, and efficient transportation of goods while maintaining proper records for tax purposes.
Mandatory for High-Value Goods:
The E-Way Bill is required for the transportation of goods worth over Rs. 50,000 in value, both within and outside the state.
Electronic Document for Goods Movement:
The E-Way Bill acts as an electronic document that details the consignor, consignee, and the goods being transported, making it easier to track and validate goods movement.
Efficient Compliance & Auditing:
The E-Way Bill system streamlines the process of goods transport, ensuring better monitoring, compliance, and auditing of tax-related activities.
Documents Required for E-Way Bill Generation
To generate an E-Way Bill for the transportation of goods, you need the following details:
GSTIN of Supplier and Recipient
Invoice or Challan Number
Goods Description, HSN/SAC Code
Quantity and Value of Goods
Transporter Details (Vehicle Number, Transport Mode, etc.)
Place of Supply, and State Code
E-Way Bill Timeline
The E-Way Bill needs to be generated before the goods are moved. The validity period of the E-Way Bill depends on the distance to be traveled, ranging from 1 day to 15 days.
Frequently Asked Questions
- What is an E-Way Bill?
- Is E-Way Bill Required for All Shipments?
- What Happens If I Don’t Generate an E-Way Bill?
