I have a small trading business and I am trying to move the electronic goods, what is this e-way bill?

I have a small trading business and I am trying to move the electronic goods, what is this e-way bill?

GST e-way bill is an electronic bill which is mandatory for the movement of goods in case the value of the goods are above INR 50,000. The bill can be generated from the GSTN portal and every registered taxpayer must acquire this e-way bill along with the goods transferred. There are various rules and regulations issued by the CBEC for the handling of an e-way bill. What is a ‘supply’ in a case of the e-way bill? A supply may be – Supplied for a consideration (means payment) in the course of business Supplies made for a consideration (payment) which may not be in the course of business Supplies without consideration ( without payment) Central Board of Excise and Customs (CBEC) has issued a draft rule over the Electronic way (e-way) billing which will be requiring registered entities to upload in a prescribed format on the GSTN officials website the details of the concerned goods or commodities which they wish to move in or out of the state. In this, the GSTN will create e-way bills which are valid for a period of 1-15 days on the condition of distance traveling in which one day considered as 100 km and 15 days for more than 1000 km in transit. The draft rules stated that “Upon generation of the e-way bill on the common portal, a unique e-way bill number (EBN) shall be made available to the supplier, the recipient and the transporter on the common portal.”


Visit HireCA.com Now