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E-way bill generation

The GST Council, in the twenty sixth meeting, has gave a go-ahead with regard to rolling out E-way Expenses. The E-way Bill mandate will kick-off with inter-state transactions, followed by intra-state movement of goods. Listed below are three important things to be aware of before <a href="https://www.irisgst.com/generating-an-e-way-bill-here-are-3-things-you-should-be-aware-of/"> E-way bill generation</a>

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E-way bill generation

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  1. Things You should be Aware of before E-way Bill generation BY IRISGST

  2. Introduction • The GST Council, in the twenty sixth meeting, has gave a go-ahead with regard to rolling out E-way Expenses. • The E-way Bill mandate will kick-off with inter-state transactions, followed by intra-state movement of goods. • Listed below are three important things to be aware of before E-way bill generation

  3. What are key times and duration for E-way Bill execution? • E-way bill for interstate movement of products will begin from 1st April 2018. • E-way bill for intrastate movement of goods will begin from 15thApril 2018 in a phased way. • States for intrastate implementation is going to be split up into 4 lots to execute a phase-wise rollout • 1st June 2018 is the fixed date through which all states will be using EWB website for intrastate motion of goods also

  4. What exactly are transactions under which an E-way expenses needs to be created? • Even if the movement of goods is actually caused due to reasons other than supply, a good e-way bill is required to be issued. The reasons besides supply include movement of goods due to: • Export/Import • Job Work • Semi Knocked Down (SKD)/Complete Knock Down (CKD) • Recipient (Unknown) • Collection Sales • Sales Returns • Exhibition or Festivals

  5. When is the mandatory generation associated with E-way costs for values less than Rs. 50, 000? • For certain specified products, the e-way expenses needs to be generated mandatorily even if the value of consignment of goods is no more than Rs. 50, 000 • Interstate movement of goods by the principal to work employee and from job worker towards the principal • Interstate transport of handicraft products by dealer exempted from GST sign up

  6. Solution for E-way bill generation • IRIS is an established GST Suvidha Provider (GSP) and was one of the first GSPs to complete the integration with NIC’s E-way Bill System.  • Our E-way Bill solution, branded as IRIS Topaz, is an end-to-end solution for entire E-way Bill operations. • IRIS Topaz can be accessed through the web, desktop utility, and APIs.

  7. THANK YOU

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