Under the comprehensive tax framework of India’s Goods and Services Tax (GST), the movement of goods by registered transporters demands adherence to specific regulations, notably the mandatory requirement of an Electronic Way Bill, commonly known as an E-Way Bill. This digital document serves as a crucial component for the seamless transit of goods between different locations, whether within states (intrastate) or across state borders (interstate), under the purview of the current GST regime.
Issued through the E-Way Bill Portal, this electronically generated document acts as a unique identifier for each consignment, ensuring transparency and compliance throughout the transportation process, particularly for goods valued at or above INR 50,000.
Enabling and Configuring E-way Bill:
Go to Setup > India Localization > Configuration.
Click the E-Way Bill subtab.
Check the E-Way Bill box under the Enable Feature section.
In the E–Way Bill Threshold section, select your preferred threshold basis:
Invoice Total Value – Choose this option if you want to use the sum of GST tax basis and GST tax amount as the E-Way Bill generation threshold, regardless of its tax basis status (normal or exempted).
Taxable Value – Choose this option if you want to use GST normal rate tax basis as the E-Way Bill threshold.
Taxable and Exempted Value – Choose this option if you want to use GST tax basis as the E-Way Bill threshold, regardless of its tax basis status (normal or exempted).
In the Threshold Amount field, enter the amount threshold. The amount must be based on your account’s base currency.
In the Classification of Supply field, select where the threshold is classified.
Enter effective period for this E-Way Bill threshold in the Effective From and Valid Until fields.
Click Save.
