An E-Way Bill (Electronic Way Bill) is a mandatory document under the Goods and Services Tax (GST) regime in India that must be generated for the movement of goods worth more than ₹50,000. It serves as a digital permit for transporting goods across state or within the same state boundaries, ensuring transparency and reducing tax evasion.
The E-Way Bill contains details such as the consignor, consignee, goods being transported, value, and the transporter’s details. It is generated online through the GST portal or using a mobile app or SMS, making it accessible even for small business owners. Once created, the E-Way Bill is valid for a specific duration based on the distance to be covered.
This document plays a key role in GST compliance. Businesses involved in the supply or transport of goods must ensure an E-Way Bill is in place before the journey begins. It’s particularly important during tax filings, audits, and while responding to departmental queries. Failing to generate or carry an E-Way Bill can result in penalties or seizure of goods.
For growing businesses, being E-Way Bill compliant not only helps in smooth transportation but also builds trust with clients and partners by showing that your operations follow proper tax procedures.
To make the process easier, FinTax24 offers end-to-end GST solutions, including E-Way Bill generation and management. Learn more at FinTax24 GST Solutions.