e-Waybill and GST Returns are like two separate trains which are running toward each other and the question is if they will crash or couple and continue together.
An E- Way Bill is an electronically generated document with a unique number allotted to a specific shipment from a vendor whose shipment value is more than 50,000 INR.
As an acknowledgement that the taxpayer has paid tax for the movement of goods an e-Waybill is essential for monitoring, the same needs to be produced when a government official request for it during the transportation.
Consolidated e way bill is one of the biggest advantages of e way bill implementation. Earlier, transportation & logistic trucks/vehicles used to carry invoices for different products with different way bills.
With multiple implementation and operational challenges, GST Council has decided to postpone the e-way bill implementation date probably to last week of February.
As per the latest notification issued by the GST council and NIC portal, the interstate movement of goods will be made mandatory and will come into effect from 1st April, 2018.
E way bill is a document required to be carried by a person in charge of the conveyance carrying any consignment of goods of value exceeding fifty thousand rupees mandated by the government
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