It is already a strenuous task to run and manage the business on your own. No doubt that increasing business and team bring amusement for an entrepreneur but along with that lots of legal responsibilities also increase which are necessary to be fulfilled for the smooth running of the business. With the help of experts of Mibook, one can comply with all the legal requirements successfully.
There are several e-way bills that are needed to be generated for substantial financial transactions and transportation of goods. It becomes burdensome to create e-way bills on your own. Mibook offers you to generate e-way bills in India, effortlessly and efficiently if you sign up for our legal services.
An e-way bill or Electronic-way bill is a document introduced under the GST regime that needs to be generated before transporting or shipping goods worth more than INR 50,000 within state or interstate. The physical copy of the e-way bill must be present with the transporter or the person in charge of the conveyance and should include information such as goods, recipient, consignor, and transporter. The e-way bill was rolled out nationwide on 1st April 2018.
Registered person An E-way bill in Bangalore must be generated when there is an inter-state movement of goods of more than ₹ 50,000 (Including GST) in value to or from a registered person. For the intra-state movement of goods, an E-way bill in India must be generated for the movement of goods of more than the amount as notified by the state governments. For example, the amount notified for Delhi is ₹ 1,00,000, For Haryana ₹ 50,000, and for Uttar Pradesh ₹ 50,000. The registered person or the transporter may choose to generate and carry an E-way bill even if the value of goods is less than the above limits. Mibook renders all the legal help in order to generate e-way bills.
Unregistered Person 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. For a better understanding of this concept, one must seek guidance from the experts of Mibook.
Transporter Transporters carrying goods by road, air, rail, etc. also need to generate E-Way Bill in Karnataka if the supplier has not generated an E-Way Bill.
Transporting goods of value more than Rs 50,000, irrespective of the mode of transport used.
Transporting goods outside the state for Job Work (irrespective of their value you must generate an e-way bill).
Transporting handicraft goods (irrespective of their value, you must generate an e-way bill).
Transporting goods up to a distance of 50 km the e-way bill has to be generated with Part-A details alone and does not require Part-B details.
If you are not able to understand the affairs when and where an E-way bill is required, taking help from Mibook can be of a great deal for you.
Transporting goods of value less than Rs 50,000, irrespective of the destination.
Transporting goods by non-motorized vehicles. -When the place of departure is from the port, airport, air cargo station, or any station where the clearance is by the Customs Department.
Transporting exempted goods, irrespective of the total value.
1. Invoice/Delivery Challan/Bill of Supply.
2. For transportation by road – Vehicle number/Transporter ID, Part B of the E-way bill has to be filed.
3. For transportation by rail, air, or ship – Transporter ID, Transport document number, and date on the document.
A whole lot of state-wise documentation would not be required for goods movement ever again. The person responsible for the vehicle does not need to carry physical copies of the e-way bill as the same can now be mapped and verified through the RFID device installed in the vehicle. It helps in getting away with the hassles of carrying and safe-keeping the physical papers. Mibook guides on how to get an RFID device for the transportation of goods and services.
The introduction of the e-way bill in Bangalore has made the whole transportation system faster and much more efficient. It has reduced the “n” number of check posts needed to cross over state borders and national highways. It has narrowed down the gap between 85000 annual average km travelled by Indian trucks and 150000 to 250000 km in developed countries.
E-way bills in Karnataka have reduced logistics costs by reinforcing proper invoicing and reducing tax avoidance. Also, subsequently, the proportion of logistics cost to GDP is expected to come down, which is currently pretty high when measured against other countries.
The generation of e-way bills happens through the government authorised online portal. The portal and e-way bill system are very simple and user-friendly. With the system, it is possible for dealers to self-generate e-way bills and it is considered no big task these days. In the days to come, the process is expected to get simpler so that even laymen will be able to generate an e-way bill and simplify the movement of goods.
All above benefits can be availed only if the E-way bill in Bangalore is generated appropriately. With the help of experts of Mibook, one can generate the E-way bills conveniently and smoothly.