Here in this blog post we provide you full description about E-way bill in GST. This bill is for transporters to carry out the goods from one place to other place.
WHAT IS E-WAY BILL: This is also called as electronic way bill or E- way bill applicable to all traders and transporters are required to carry on E-way bill while moving goods from one place to another. This provision implemented from 1 February 2018.
Major key points are written here about this bill:
WHAT IS E-WAY BILL: This is also called as electronic way bill or E- way bill applicable to all traders and transporters are required to carry on E-way bill while moving goods from one place to another. This provision implemented from 1 February 2018.
Major key points are written here about this 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.
- States have been given the option of choosing when they want to implement the intra-state e-way bill between February 1 and June 1, 2018.
- Besides plugging tax evasion, the e-way bill will boost revenues by 15-20 per cent, according to Government estimates.
- 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.
- Implementation of e-way billing is aimed at bringing uniformity across the states for seamless inter-state movement of goods.
Here the some good GST software in market listed below:
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