E-Way Bill Exemptions: Who Doesn’t Need to Generate an E-Way Bill
E-Way Bill Exemptions: Who Doesn’t Need to Generate an E-Way Bill? India's Goods and Services Tax (GST) law was implemented to solve several issues with the previous legislation. Lack of transparency concerning the government and taxpayers was one of the primary issues. Digitizing the procedure is the way the government is ensuring transparency under the GST regime. One such measure is the e-way bill. What is an E-Way Bill? An e-way bill is a digital document necessary for the transportation of goods valued over Rs. 50,000. It includes information about the goods, the supplier, the recipient, and the transporter. Businesses can generate it using e-way bill software to ensure smooth compliance with GST rules. Key Requirements for Generating an E-Way Bill An e-way bill is mandatory for goods valued above Rs. 50,000. It is required for both inter-state and intra-state movement of goods. The bill must include details such as invoice number, transport details, and recipient details. ...