CURRENT AFFAIRS

Detailed explanation-1: -From department perspective, it helps to ensure that goods being transported comply with the GST Law, track movement of goods and check tax eva-sion. The e-way bill provisions in respect of inter-state supplies of goods were implemented PAN India w.e.f 1st April, 2018.

Detailed explanation-2: -So far, 20 states/Union Territories have made e-way bill mandatory for intra-state movement of goods. These states include–Gujarat, Uttar Pradesh, Rajasthan, Assam, Karnataka, Kerala, Madhya Pradesh and Haryana.

Detailed explanation-3: -e-way bill is a document required to be carried by a person in charge of the conveyance carrying any consignment of goods of value exceeding fifty thousand rupees as mandated by the Government in terms of Section 68 of the Goods and Services Tax Act read with Rule 138 of the rules framed thereunder.

Detailed explanation-4: -When products worth more than ₹50, 000 are moved to or from a registered individual, an E-way bill is required to be created. Even if the value of the items is less than ₹ 50, 000, the transporter or a registered person may elect to create and carry an e-way bill.