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A Full Guide to GST E-Way Bill 2 for Faster Compliance

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By Arpit Kulshrestha

 

Everything You Should Know About GST E-Way Bill 2 Portal

Have you encountered any challenges while trying to create a GST E-way bill using the government portal? If yes, SAG Infotech is here to provide some important solutions for you. NIC has launched the GST E-Way Bill 2 Portal.

Designed to Offer GST E-way Bill Services with High Availability

Using the e-way bill site, taxpayers and logistics operators can log in with their current account and password. Data from the GST E-way Bill2 site will be verified, combined, and available on the main GST E-way Bill portal for all business and analytical objectives. To guarantee that e-invoice generation is unaffected, this portal is integrated with another e-invoice portal for e-way bill generation.

Users can freely create and amend E-Way Bills using the GST E-Way Bill2 Portal. The seamless integration and merging of the e-Waybill1 and e-Waybill2 systems will lessen reliance on the e-Waybill1 system in emergencies. E-way bill details are synchronised with the main portal in only a few seconds thanks to the e-way bill2 portal.

The E-way Bill 2 portal streamlines logistics and tax compliance for taxpayers and logistic operators by offering essential services, including issuing electronic waybills for good movement.

  • Create E-Way Bills
  • Update Vehicle Information
  • Update Transporter Information
  • Create E-way Bills in Print
  • E-way bill cancellation

The process of printing and updating Part B of E-Way Bills can be completed on either of the two portals. This means that you can update the e-way bills on one portal using the other portal, and vice versa. Additionally, if the main E-Way Bill portal is not operational due to technical issues, Part B can be updated using the E-Way Bill1 portal for E-Way Bills generated at the E-Way Bill2 portal, and vice versa. This allows both E-Way Bill slips to be carried.

For more information, visit the E-way Bill 2 Portal at the following URL: https://ewaybill2.gst.gov.in

E-Way Bills: What Are They?

When transporting goods valued at over fifty thousand rupees, it's mandatory for the conveyance operator to have an e-way bill. This requirement aligns with Section 68 of the Goods and Services Tax Act and Rule 138. The e-way bill is generated from the E-Bill Portal accessible through user credentials.

When is it Necessary?

The GST e-way bill regulations stipulate that the consignment must be carried with the e-way bill when moving items valued at more than Rs. 50,000.

In this case, the customer can choose to get the e-way bill from the supplier or the taxpayer, utilising the latter's bill or invoice as the foundation for the e-way bill's generation.

Read Also: Quick Compliance of E-Invoicing Via Gen GST Cloud Software

Purpose of GST E-Way Bills

Under the Goods and Services Tax (GST) regime in India, compliance requirements are aimed at monitoring the movement of goods across different states. It is crucial to generate a digital document online for the transportation of goods, which should include comprehensive information about the consignment, supplier, recipient, and transporter. Let's delve into some of the primary objectives of this compliance.

Streamline Tax Compliance: Tax authorities can quickly monitor transactions and confirm that the necessary taxes are being paid by generating an electronic waybill, or E-way bill, for the movement of goods.

Stopping Tax Cheats: GST E-way bills revolutionized how goods are taxed during transport. Before, undocumented or undervalued shipments were a major loophole for tax evasion. Now, any movement of goods exceeding a set value requires an e-way bill, creating a digital record that deters such practices.

Going Paperless: GST E-way bills are a game-changer for streamlining goods transportation. They ditch the traditional paper trail of delivery challans and tax invoices, replacing them with a convenient digital document. This not only cuts down on paperwork but also boosts logistics efficiency.  Imagine the time saved and the frustration avoided!

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