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Electronic Way Bill— A Procedural Insight and Implementation Aspects. Goods and Services Tax (GST) is touted to be the biggest reform in India's taxation system which is expected to boost the country's growth rate. In this regard, Electronic Way (e-Way) bill is an important headway in the GST regime. e-Way Bill is a document required to be ...
FASTag: The FASTag is a reloadable tag that allows automatic deduction of toll without having to stop for carrying out the cash transaction. The tag uses Radio Frequency Identification (RFID) technology and is fixed on the windscreen of the vehicle once active.
20 maj 2021 · The Union Government has integrated the E-Way Bill (EWB) system with FasTag and RFID. Key Points. Electronic Way (E-Way) Bill: E-Way Bill is usually a unique bill number generated for the specific consignment involving the movement of goods.
E-Way bill system is for GST registered person / enrolled transporter for generating the way bill (a document to be carried by the person in charge of conveyance) electronically on commencement of movement of goods exceeding the value of Rs. 50,000 in relation to supply or for reasons other than supply or due to inward supply from an ...
This document aims to explain the operational procedure on how to use web-based e-Way Bill system. It also explains the features of e-Way Bill system and role of the stakeholders involved in the system.
The E-way Bill System under the Goods and Services Tax (GST) regime replaces manual or paper-based Way Bills (commonly known as road permits) that were required for movement of goods in most states under the erstwhile VAT regime.
The Finance Ministry has introduced changes in the e-way bill system. The changes were brought in to crack down on Good and Services Tax (GST) evaders. The E-way bill is an electronic document to be generated online under the GST system when goods of the value of more than Rs.50,000 are shipped.
