E-Way Bill

E-Way Bill: E-Way Bill Rules and Generation Process

By Team TranZact | Published on Nov 17, 2022

An e-way bill is an electronic document that is required for the movement of goods worth more than INR 50,000 within India. The e-way bill system, which was introduced by Indian government in 2018, is designed to help businesses comply with the country's tax laws and streamline the transportation of goods. In this blog, we will discuss what is e-way bill system, how it works, and the benefits it provides for businesses and the government. We will also cover the various ways in which e-way bills can be generated, and provide tips and best practices for businesses to ensure compliance with the system.

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What Is an E-Way Bill?

An E-Way bill or an Electronic-Way Bill, is an electronically issued document that permits the movement of goods and is used to track consignments in transit. As per Indian regulations, a GST-registered person cannot transport goods within or outside of the state if the value of such goods exceeds Rs. 50,000 without a duly generated e-way bill.

The document allows all parties, including the receiver, sender, and transporter, to track the status of the consignment with the help of an E-Way Bill Number (EBN) allocated to them during the generation of the e-way bill.

When Should An E-Way Bill Be Issued?

An e-way bill registration is usually done whenever there is a movement of goods valued at higher than INR 50,000. This transaction could be related to supply, inward supply, and other related reasons, such as the return of the consignment.

categories:

  • "erp"

categories:

  • "erp"

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TranZact

TranZact is a team of IIT & IIM graduates who have developed a GST compliant, cloud-based, inventory management software for SME manufacturers. It digitizes your entire business operations, right from customer inquiry to dispatch. This also streamlines your Inventory, Purchase, Sales & Quotation management processes in a hassle-free user-friendly manner. The software is free to signup and gets implemented within a week.