Quick Summary
E-way bill is an electronic receipt or document that is generated on the Goods and Services Tax portal (GST) whenever there is a movement of goods from one place to another. The bill is required to be generated by the transporter before the consignor initiates the movement of goods E-way bills, or electronic way bills, reflected a growth of 19 percent this year after their generation reached an all-time high of 78.21 million in August. The monumental number of bills generated in this quarter
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FAQ :
An e-way bill is an electronic receipt generated on the GST portal for the movement of goods from one place to another.
A record 78.21 million e-way bills were generated in August.
The record number of e-way bills generated highlights the acceleration of shipments as the festive season begins.
Intra-state e-way bills are for goods moved within the same state, while inter-state e-way bills are for goods moved between different states.
The e-way bill generating mechanism was implemented in 2018.
The system ensures robust tracking of goods transported under GST laws and helps to check tax evasion.
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