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Check with seller What is an E-Way Bill? Pune
- Location: Pune, Maharashtra, India
Process of E Way Bill Generation
e way bill is an electronic document required for the movement of goods in India under the Goods and Services Tax (GST) regime. It is a crucial mechanism to ensure compliance, prevent tax evasion, and streamline the transportation of goods. This document serves as proof that the consignor, consignee, or transporter has registered the movement of goods on the GST portal. Below, we explore the step-by-step process of e way bill generation, its requirements, and its significance.
What is an e way bill?
e way bill is a document generated electronically on the GST portal when goods worth more than ₹50,000 are transported from one location to another. It applies to inter-state and intra-state movement of goods, whether by road, rail, air, or water. The bill ensures transparency and tracks the transportation of goods to prevent tax evasion. Both registered and unregistered entities may require an e way bill depending on the nature of the transaction.
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