How is the GST Eway bill used with tally?

1. What is an #eWay #Bill?

EWay Bill is an #Electronic #Waybill for the movement of #goods to be generated on the eWay Bill #Portal. A #GST registered person cannot transport goods in a vehicle whose value exceeds Rs. 50,000 (Single #Invoice/#bill/#delivery #challan) without an e-way bill that is generated on #ewaybillgst.gov.in. Alternatively, the Eway bill can also be generated or canceled through #SMS, Android App, and by #site-to-site integration through API. When an eway bill is generated, a #unique Eway Bill Number (EBN) is allocated and is available to the #supplier, recipient, and the #transporter.

2. When Should eWay Bill be issued?

E-way bill will be generated when there is a movement of goods in a #vehicle/ #conveyance of value more than Rs. 50,000 (either each Invoice or in aggregate of all #invoices in a vehicle/conveyance) – In relation to a ‘supply’ For reasons other than a ‘#supply’ ( say a #return) Due to #inward ‘supply’ from an #unregistered person For this purpose, a supply may be either of the following: A supply made for a #consideration (payment) in the course of #business A supply made for a consideration (payment) which may not be in the course of business A supply without consideration (without payment)In simpler terms, the term ‘supply’ usually means a: #Sale – sale of goods and #payment made #Transfer – branch transfers for instance #Barter/#Exchange – where the payment is by goods instead of in money, Therefore, eWay Bills must be generated on the common portal for all these types of movements. For certain specified Goods, the eway bill needs to be generated mandatorily even if the value of the #consignment of Goods is less than Rs. 50,000: #Inter-State movement of Goods by the Principal to the #Job-worker by Principal/ registered Job-worker***, Inter-State Transport of Handicraft goods by a dealer exempted from GST registration

3. Who should Generate an eWay Bill?

#Registered Person – Eway bill must be generated when there is a movement of goods of more than Rs 50,000 in value to or from a registered person. A Registered person or the transporter may choose to generate and carry eway bill even if the value of goods is less than Rs 50,000. #Unregistered Persons – Unregistered persons are also required to generate e-Way Bill. However, where a supply is made by an unregistered person to a registered person, the receiver will have to ensure all the #compliances are met as if they were the supplier. #Transporter – Transporters carrying goods by road, air, rail, etc. also need to generate e-Way Bill if the supplier has not generated an e-Way Bill. #BPA Educators offer Basic and advance courses in taxes and accounting, which helps you run your business properly and manage your business wisely.

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