Skip to main content

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

Image
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!

Comments

Post a Comment

Popular posts from this blog

Why Small Firms Should Consider Gen Payroll Software?

By Arpit Kulshrestha
Businesses in this competitive era would be required to manage the payroll. Payroll software has multiple operations such as paying employees, following tax laws, managing employee benefits, filing important documents, and keeping accurate records. Businesses that manage tasks manually or with spreadsheets can result in inappropriate compliance and issues, wasting time in doing operations. Gen Payroll software arrives to manage payroll with accuracy and resolve the issues that come therein. The merits and demerits of Gen Payroll software are mentioned below. Gen Payroll Software Gen Payroll is a payroll management software made by SAG Infotech . It eases and automates the process of payroll. The software’s features are tracking employee attendance, calculating salaries, ensuring compliance with laws like PF (Provident Fund), ESI (Employee State Insurance), and TDS (Tax Deducted at Source), as well as generating payslips. Businesses, whether small or large, can use this software. ...
3 comments
Read more

How ITR Software Assists Individuals in Filing Tax Returns

By Arpit Kulshrestha
Every assessee's process of income tax return (ITR) filing is significant, as it contributes to Indian's economy. The Income Tax Department has made efforts to facilitate this approach in recent years, but numerous people still see themselves steering a difficult financial system, multiple tax deductions, miscellaneous exemptions, and changing tax laws. This complexity can turn what must be an easy task into a significant challenge. In this context, income tax software evolves into an important partner, presenting a useful variety of accuracy, efficiency, and reassurance. The software enables return filing that permits taxpayers to handle their financial responsibilities when complying with the law. 1. Accurate Tax Calculations An incorrect income tax calculation of taxes could result in messages from the Income Tax Department or missed refunds. The tax software helps in finding taxable income and tax deductions that you may be allowed, like insurance or home loans. The co...
Post a Comment
Read more

A List of Top Chartered Accountant Software in India

By SAG InfoTech Pvt. Ltd.
Here, we introduce Genius as a helpful tax compliance software for chartered accountants in India. As we know, the taxation system is vast, with several taxes levied by the Indian government in the form of income tax, TDS, wealth tax, etc. So, instead of e-filing that many taxes, the need for software arises, which can e-file several taxes at once. SAG Infotech's developer team always gives new updates to the taxation industry. Genius Tax Software It is a complete package with facilities like Gen BAL, Gen IT, Gen CMA, Gen Form Manager, Gen e-TDS and AIR. Also, It provides maintenance aids of the database containing information of clients such as their address and telephone directory, partner’s details and signatory details. With Genius, one can also grow with your business.  Genius is an unlimited tax return filing software for clients in such a way that one can backup, restore data set passwords, etc. While the help option gives a solution for any of your problems. Another fa...
Post a Comment
Read more