E- Way Bill (Mandatory Compliance)


This is in with reference to the guidelines of the government which states that “Every registered person who causes movement of goods of consignment value exceeding fifty thousand rupees (>= INR 50,000) as a consignor or the recipient of the supply shall generate the e-way bill.
 
Please be informed that moving goods without supporting of e-way bill constitutes an offence and attract a penalty of Rs. 10000/- or tax sought to be evaded and denial of Input tax credit claim on such invoices.
 
Hence, it is a mandatory compliance that all the vendor invoices which pertains to movement of goods of consignment value exceeding INR 50,000, must be accompanied with E-Way bill, failing which invoices shall not be processed. The failure to furnish E-Way bill may attract penalty as levied by tax authorities.