E-WAY AND E- INVOICE SERVICES

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Efficiency in Tax Compliance: E-Way Bill and E-Invoicing Solutions

1.E-Way Bill is an electronically generated document required for the movement of goods worth over Rs. 50,000 within a state or between states in India.
2.It contains details of the goods being transported, the supplier, recipient, and transporter.
3.The E-Way Bill mechanism helps in tracking the movement of goods and ensures tax compliance by preventing tax evasion.
4.It can be generated through the E-Way Bill portal (https://ewaybillgst.gov.in) or via SMS, Android App, or through an API (Application Programming Interface).
5.The validity of the E-Way Bill depends on the distance the goods are supposed to travel. For a distance less than 100 km, the validity is one day, and for every additional 100 km or part thereof, the validity is an additional day.

1.E-Invoicing is a system where B2B invoices are authenticated electronically by the GST Network (GSTN) for further use on the GST portal.
2.Under this system, businesses generate invoices in their internal systems (Accounting/ERP software), and then these invoices are uploaded to the GST portal for validation.
3.E-Invoicing helps in reducing errors, enhancing efficiency, and enabling real-time tracking of invoices for tax authorities.
4.It applies to businesses with a turnover exceeding a certain threshold, as notified by the government.
5.Once the invoice is authenticated, a unique Invoice Reference Number (IRN) is generated along with a QR code containing crucial invoice details.
6.This system aims to bring in more transparency and minimize tax evasion by ensuring that the invoices uploaded match the data provided in the GST returns.

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Masha Doe

Designer

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Greg Doe

Designer

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