For a transporter, not managing an e-way bill properly can spell trouble and have serious repercussions. Let’s dive deep into the importance of an e-way bill management app for transporters.
The authorised personnel can penalise a registered person or the consigner with a fine of Rs. 10,000 or the amount of the tax being evaded, (whichever is greater) if the person was caught
Why having an E-way Bill Management System is great for your Business | Businesses that come under the supply chain management are required to learn about e-way bill under GST.
In an attempt to lower the possibilities of GST evasion, e-way bill system was rolled out on April 1, 2018, for inter-state movement of goods worth over Rs 50,000.
GSTR1 is essentially a detailed report on all of your outward supplies, EWB is a sub-set to the GSTR 1 carrying details of only those outward supplies where there is movement of goods over and above a threshold limit.
E-way Bill is to be issued irrespective of whether the movement of goods is caused by reasons of supply or otherwise.
Eway Bill under Bill-to and Ship-to’ is a common business scenario wherein the party to whom invoice is billed is different from the party actually receiving the goods or services.
Eway Bill, which came into effect from 1st April, is to be generated for all movement of goods and covers goods being exported and imported.
Eway Bill rules are now effective across the country for movement of goods. The Eway Bill rules also apply to import and export transactions and let us understand more about import transactions in this blog.
E-way bill provisions have come into effect from 1st April 2018 for inter-state transactions and in a staggered manner will be rolled out for intra-state transactions by 1st June 2018.
The GST Council, in its 26th meeting, has given a go-ahead for rolling out E-way Bill. The E-way Bill mandate will kick-off with inter-state transactions, followed by intra-state movement of goods.
E-way bill provisions have come into effect from 1st April 2018 for inter-state transactions and will be effective for all intra-state transactions by June 2018.