E-Way Bill Rolls Out: Ten Things To Know
- One doesn't require to generate E-way bill if the value of the goods in an individual consignment is less than Rs 50,000 even if the total value of all such consignments is more than Rs 50,000 in single conveyance.
- Empty cargo containers are exempted from e-way bill.
- The goods which are in transit to or from Nepal/ Bhutan don't require E-way bill for movement.
- One can even insert the temporary vehicle number for the purpose of E-way bill generation.
- How to update your details: E-way bill system is dependent on GST common portal for tax payer's registration like legal name/trade name, businesses addresses, mobile number and email id. The EWB system will not allow taxpayer to update these details in the EWB portal. If the taxpayer changes these details at GST common portal, it will be updated in the EWB system within a day automatically. Alternatively, the taxpayer can update the same instantaneously by selecting the option update my GSTIN in the E-way bill system and the details will be fetched from the GST common portal and updated in the E-way bill system.
- The shipping charges charged by e-commerce companies need not be included in 'consignment value'.
- Sub-users: For every principal place of business, users can create a maximum of 3 sub-users. That is, if taxpayer has one principal place of business and 1 additional place, he can create 6 (3X2) sub-users.
- In case of movement by railways, there is no requirement to carry E-way bill along with the goods, but the E-way bill generated must be produced at the time of delivery of the goods.
- Consignment value is the value of the goods declared in invoice or a delivery challan issued in respect of the said consignment and also include central tax, state or union territory tax. This doesn't include the value of exempt supply of goods and value of freight charges.
- A transporter need not generate E-way bill for consignments having value less than Rs 50,000, even if the value of the goods carried in single conveyance is more than Rs 50,000, till the sub- rule 138 (7) is notified.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.