The taxation game in India has changed, and various GST compliance issues are encountered. Similarly, the transport of goods and services within the state or between different states/regions is charged differently under the new norms.

Do you understand the implications of the e-way bill? The recent regulations have made making the trade easier with different paperwork to be done.

What’s New?

•           Now, only a singular consignment Value will be considered. There is no need of e-way charge if the individual committals are valued below Rs.50,000. This is supposed to help the internet business as well.

•           You are required to create an e-way charge only when your dispatch is valued above Rs.50, 000.

•           Under the old regulation, the e-way charge was not required if the merchandise moved into state or union territory within 10 km range. Now, this has been revised to 50 km, and the registered work specialist has the liberty to create the e-way on account of inter-state developments of merchandise.

•           Earlier, the beneficiary was required to acknowledge or dismiss e-way charge within 72 hour period. Now, you need to acknowledge within 72 hours of when the product is conveyed whichever is earlier.

•           The conveyance of products by Indian Railways implies a compulsory e-way charge.

•           When the relegation is above Rs. 50,000, the e-commerce administrator or any associated organization can create an e-way charge.

•           There have been some geographical exceptions too such as Nepal or Bhutan for which there is no e-way charge required for the freight from/to any of these countries.

•           The govt. has included a new field “Place of Dispatch” in the e-route charge for enhanced safety in case of the vehicle breakdown or any other unfortunate incidents.

 It is believed that with the coming in of so many regulations the smaller organizations such as FMCG, messenger, and web-based business organizations are expected to get the most of the benefits when the e-way charge is being accounted for at so many different levels.

This involves a lot of expenditure of time and energy of the concerned officials and the authority, but it is going to pay off when the customers start to comply with e-way charge norms properly. Taxation is needed for the development of your country and to empower the weaker sections of society. The robust reforms were undertaken by the govt. Is going to make it easier to do business in future!