- Businesses with an annual turnover of over Rs.5 crore and involved in B2B and B2E transactions must generate e-way bills with e-invoice details.
- The new rule does not apply to B2C transactions and non-GST supplies.
- The advisory for blocking e-way bill generation without e-invoice details will be implemented from March 1, 2024.
- The GSTN will introduce checks to identify mismatches between e-way bills and e-invoices.
- E-way bills can still be generated without e-invoice details for B2C and non-GST supplies.
- Failure to include e-invoice details in e-way bills can result in delayed delivery, penalties, and seizure of goods.
Source: cleartax.in
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "India"
- Meghalaya Extends VAT Exemption on Fruit Wine to 10 Years, Boosting Local Wine Industry
- Chennai Fake GST Invoice Racket Busted; ₹350 Crore Evasion Suspected, Prime Accused Arrested
- Overpaid GST: Rectification or Refund? Understanding When to Adjust and When to Claim Refund
- Insurance Brokers Push for Zero-Rated GST to Restore Input Tax Credit and Prevent Premium Hikes
- Delhi High Court: ITC Re-credit Cannot Be Denied Due to GST Portal Technical Limitations
