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There have been a lot of changes in the goods and service industry in the last decade or so. Now, proper procedures have been put in place to make sure the supplier, transporter and the customer don't suffer unnecessary losses. One of the methods to do that is via E Way Bill. I will tell you when e way bill is required. Continue reading to know more.
When is e way bill required ?
E Way bill or Electronic Way bill is required to be produced when any consignment of goods above the value of Rs. 50000 is being transported. This has been mandated by the Government under Section 68 of the Goods and Services Tax Act .
To answer your question about e way bill when required, here is what I know. According to the Rule 138 of CGST Rules, 2017, the person in charge, supplier, consignor or consignee needs to produce E way Bill during the transportation process of goods.
E way bill is generated from the GST Common Portal for eWay bill system by the registered persons. One needs to get eway bill before the transportation begins. It is needed for transportation of all the goods other than those exempted under rules.
When e way bill is required for Handicraft goods?Handicraft goods or goods for job-work purposes under specified circumstances requires an e-way bill even if the value of consignment is less than Rs. 50000. Now you know when e way bill required.
If you want to know more information on when e way bill is required. Keep checking the Forum page.
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Read more : How to generate e way bill without GST number? Do Packers and Movers provide an Insurance for the goods being moved ? If yes, how does it work ? When e way bill is not required How to extend e way bill validity after expiry dateAn e-way bill is an electronic document required for the movement of goods in India, serving as proof of the legal and tax-compliant transportation of goods, both within states and between states. The question that might arise now is when eway bill required. This actually depends on the situation, and a number of things need to be considered. Since we have a transport business, I can provide you with a clear insight on eway bill when required.
An e-way bill is typically required in India when the value of a consignment of goods being transported within the country exceeds a certain threshold, which is determined by individual state governments. The e-way bill is mandatory for both intrastate (within a state) and interstate (between states) movements of goods. It is generated electronically on the official portal and must accompany the goods during transit, serving as a document to ensure the proper and legal transportation of goods. It helps prevent tax evasion and provides transparency in the movement of goods. The specific threshold value for e-way bill requirements may vary by state and can change over time, so it's essential to check the latest rules and guidelines issued by the concerned authorities.
For example, we have a transport business in Delhi and a way bill is required to be created when the value of the goods is more than Rs 1 lakh.
I hope this clarifies when e way bill is required to be generated. Try to know your state’s rules regarding this to be more sure.
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When e way bill is required ?
Mitaali
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February 14, 2022
2022-02-14T12:16:23+00:00 2023-10-17T21:07:31+00:00Comment
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