E-way bill compliances apply to all the parties involved in the transportation of goods, majorly: consignor, transporter, and consignee. A transporter supplies the goods, a transporter transports the goods from origin to destination, and the consignee is the buyer of the goods. The most important role of actually transporting the goods is played by the…
Over the years, there have been several changes made in the Indian logistics industry, especially its transportation. Recently, the e-way bill was introduced under Goods and Services Tax (GST) to improve the transportation of goods across the country. Under GST, any interstate or intrastate movement of goods (taxable under GST), worth Rs. 50,000 or more,…
E-way bill portal was successfully launched by the government of India on 1st April 2018 after a failed attempt in February 2018. This e-way bill portal helps the taxpayer to track consignments that are in transit. E-way bill portal has been working smoothly without any glitch since its implementation. Even though the e-way portal is…
E-way bills were brought in by GST to be implemented throughout India from the beginning of Financial Year 2018. E-way bills were launched as substitutes for the former way bills which were used as a permit for transportation of goods within a state and across it. However, its implementation was made gradual with different sets…
While generating E-way Bills there are few items which are required every time like HSN, Product Details, Transporters Details etc. Entering this details every time to generate E-way Bill is Cumbersome. The E-way Bill portal facilitates the user to create and manage their own business related masters. Masters simplifies the data entry while generating the…
Government has initiated the trial of E-Way Bill System from 15th January 2018 for generation of e-way bill for both Inter and Intra-state movement of goods. The system is expected to be rolled-out soon, making it mandatory for Organizations & Transporters to Generate E-Way Bill according to the GST law and in compliance with the Rule…
A famous saying goes like “Correcting mistakes is better than to live with them”. But GST law thinks on different lines. What is done once is final, and no subsequent alterations and modifications are allowed under GST regime. Returns once filed cannot be altered subsequently. E-way bill system has been rolled out on the same…
Some facts about logistics industry in India Given the complex structure the transport industry ends up spending 30-64% of its time and resources on tax compliance, out of which nearly 16% of its time is spent by the trucks queuing up at interstate check points for tracking and inspection according to a report by ministry…