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Drishti IAS PDF. E-Way Bill Integration with FASTag, RFID. Why in News. 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.
20 maj 2021 · 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.
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 ...
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.
26 sie 2023 · An e-way bill, short form for electronic way bill, is a permit needed for inter-state and intra-state transportation of goods worth more than Rs. 50,000. It contains details of the goods, the consignor, the recipient and the transporter.
Under GST, Electronic Way Bill is a mechanism to ensure that goods being transported are complying the GST Law and is an effective tool to track movement of goods and check tax evasion, with implementation being applicable from February 1, 2018.
4 kwi 2018 · E-way bill: An electronic documentation. Document contains details about movement of goods. Can be generated from the Good and Services Tax Network (GSTN). 25-50 lakh e-way bills to be generated every day, and that may even go up to 75 lakh per day. Key notes about E-way bill: Mandatory from 1 st April, 2018 for all inter-state transport of good.
