Here in this blog post we will provide you full description about E-way bill.
This bill is for transporters to carry out the goods from one place to other place.
It is a very important document that an individual in charge of a conveyance transporting any consignment of goods worth value exceeding Rs 50,000 is required to generate.
Click below and get a Free Demo Copy of Software with E-way bill & GST.
Some Major Important Points about E-way bill:-
This bill is for transporters to carry out the goods from one place to other place.
It is a very important document that an individual in charge of a conveyance transporting any consignment of goods worth value exceeding Rs 50,000 is required to generate.
Click below and get a Free Demo Copy of Software with E-way bill & GST.
Some Major Important Points about E-way bill:-
- Once the e-way bill system is implemented, there is no one escapes from the tax because goverment have all the record of goods transfer from one place to another above the value of 50000 rs.
- Those who does not pay their tax either the supplier or the purchased can show the mismatch with this bill.
- The e-way bill can also be generated or cancelled through SMS. When an e-way bill is generated, a unique e-way bill number (EBN) is allocated and is available to the supplier, recipient, and the transporter.
- Any transporter who is carrying certain goods by road, air, rail, or ship is also needed to generate E-Way Bill, even if the supplier has not created an E-Way Bill due to any particular reason.
The E-way bill system is indeed a dynamic and transparent approach that can greatly control tax evasion all across India. It is definitely the best way to increase GST compliance in case of movement of goods in the country and well-structured system.