- NIC issued new guidelines for e-way bill on January 5, 2024
- Businesses failing to include e-invoice details will have e-way bill generation blocked from March 1, 2024
- E-way bill is an electronic document created for consignments exceeding threshold value
- Original mandate required selected companies covered by e-invoicing system to produce e-way bills
- Impact on businesses includes delays in product delivery, penalties, and possible detention of goods
- Next steps include being prepared for potential implementation of the advisory in the future
Source: tallysolutions.com
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.
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