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E way bill for interstate

Eway Bill 165 views 2 replies

gvinod

Asst manager accounts

15 Points Joined August 2020

Sir/Madm,

Can you suggest me what is the threshold limit for generation of e way bill for inter state goods movement.

Some of them told me, not define in IGST act for threshold limit of eway bill, so its mandatory to generate e way bill for all movement of goods.

Please clarify as per igst act.

Thanking you.

Regards,

Vinod

Replies (2)

Rama chary Rachakonda

Master in Accounts & high court Advocate

8756 Points Joined December 2011

An e-Way Bill (Electronic Way Bill) is required for interstate movement of goods in India to: 1. *Track goods movement*: Monitor the movement of goods in real-time, reducing the risk of tax evasion and ensuring compliance with tax laws. 2. *Facilitate smooth transit*: Allow for seamless movement of goods across state borders, reducing delays and harassment of transporters. 3. *Reduce paperwork*: Replace physical documents with digital records, making the process more efficient and paperless. 4. *Enhance transparency*: Provide a digital trail of goods movement, making it easier to detect and prevent tax evasion. 5. *Improve tax compliance*: Ensure that taxes are paid on time and in the correct amount. 6. *Streamline logistics*: Help logistics companies and transporters manage their operations more efficiently. 7. *Reduce transit time*: Reduce the time spent at checkpoints and border crossings. 8. *Increase accountability*: Hold transporters and businesses accountable for the goods they transport. The e-Way Bill is required for interstate movement of goods worth more than ₹50,000 (approximately $670 USD). However, some states may have different thresholds or requirements. It's essential to check the specific regulations in your area.

gvinod

Asst manager accounts

15 Points Joined August 2020

Thanks for your valuable suggestion.

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