WHAT IS AN E-WAY BILL UNDER GST AND HOW TO GENERATE AN E WAY BILL - Video tutorial WHAT IS AN E-WAY BILL UNDER GST An E-WAY bill is a mandatory transport document for the transportation of Goods under GST regime. It will be a compulsory document for both Interstate and Intrastate transport for consignments with VALUE EXCEEDS FIFTY THOUSAND RUPEES. The provisions for E-Way bill contained Section 68 of both CGST and SGST Act., and Rule 138 of the CGST and SGST Rules. Also as per Rule 138 (7) of CGST Rules if the value of Goods exceeds Rs. 50,000 in a CONVEYANCE , if the consignor or consignee has not taken E-Way Bill , the TRANSPORTER is liable to generate the E-Way Bill from the details / documents available with the goods assigned with the transporter. However around 154 commodities are exempted from taking e-way bill, even if the value exceeds Rs.50,000/ The mandatory provision come into force for INTER STATE MOVEMENTS under IGST Act w.e.f. 01-02-2018 (February 1st 20
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Showing posts from January, 2018