Key e-way bill rules
Consider the value of each consignment.
Since a single transporter could carry multiple shipments for different suppliers, the total value of what the transporter was carrying might have been more than INR 50,000, even though none of the individual shipments was worth more than INR 50,000. In this case, they had to get an e-way bill. But, according to the new e-way bill notifications, the e-way bill won’t be needed even if the total value of the packages being carried is more than INR 50,000, as long as each package is worth less than INR 50,000.
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Change in the value of a shipment for E-way Bill purposes
If the value of the shipment is more than INR 50,000, an e-way bill must be made. However, the value used to count taxable and exempt supplies belongs to GST. In the e-way bill reminders, only the value of taxable supplies (the taxable value) and the amount of GST tax will be used to determine how much the shipment is worth.
Changes to the distance rules for when the E-way Bill can be used
Enrol today and gain the skills to secure the digital future at the Excel Course In Bangalore. Before, you didn’t have to have an e-way bill if you moved goods within a State or Union Territory and the distance was less than 10 KM.
Also, the transporter did not have to give information about the mode of transportation or vehicle if the distance between the supplier and the transporter or between the transporter and the recipient was less than 10 kilometres. Under the new rules for e-way bills, this distance limit has been raised to 50 KM.
Transporters have the option to make the E-way Bill last longer.
Before, when a particular e-way bill’s validity period ended, the transporter had to make a new one. But now, a transporter can extend the time the e-way bill is valid and change the information about the vehicle in special cases, such as when the vehicle is being switched during a trans-shipment.
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Changed the amount of time you have to accept or reject the E-way Bill
Before, the person who got an e-way bill had 72 hours to accept or reject it. If the recipient didn’t respond within 72 hours of the e-way bill being made, it was considered to have been accepted. But according to the newest e-way bill information, the recipient has to approve or decline the e-way bill within 72 hours, whichever comes first. With the addition of this clause, customers will no longer have the option to decline the e-way bill in less than 72 hours, even if the goods have already been delivered.
E-way bill validity gets a new twist.
Before, the only thing that determined whether or not an e-way bill was valid was how far the shipment was going. The ticket was good for one day for a distance of up to 100 KM. For every 100 KM after that, the ticket was good for an extra day. On the other hand, the revised e-way bill rules have added “Over Dimensional Cargo” as a new way to determine if an e-way bill is valid. The rules for all goods that don’t fall under the “Over Dimensional Cargo” category stay the same. However, the rules for goods under the “Over Dimensional Cargo” category have changed. Also, check out the Training Institute at Bangalore.
Wrapping Up
Today we have discussed the e-way bill requirement and e-way bill rules in detail. To get more information and additional training, get into FITA Academy, which gives high-grade Tally Classes in Chennai with certification.