E-way Bill System-Undertaking Electronic Systems to Streamline The Whole Process of Invoicing and Billing

 

E-way Bill system can be referred to as an electronic bill that will help in providing unique bill numbers which have been generated for the specific consignments that involve the proper movement of the goods. These kinds of systems are considered to be the cloud-based applications along with API-based a system that helps to cater all the business-specific requirements as well as needs.

 

 The governments are also implementing the E-way bills because of the revenue tax collection norms and the pressure from the authorities. As per the rules and regulations, the electronic waybill has to be raised before the goods and services are shipped and all things should include the details about the goods, the consignor, the receiver, and the transporter.

 

 Following are some of the advantages of this concept:

 

The whole concept is based upon less documentation: The existing state-wise documentation which is required for the movement of goods has not to be required with the implementation of these kinds of systems. Another great the benefit is for the transporters so that they can undertake the establishment of RFID devices at the time of undertaking the transportation consignment on regular premises. The person who will be in charge of the vehicle does not need to carry physical copies of the documents which have been attached to the transportation. Rather he or she can carry the devices and can show the e-way bill which has to be verified whenever required for checking purposes. 

 

It will lead to a great amount of cost reduction: the E-way bill will help in reducing the logistic related costs very well. This concept will also help in proper reinforcing of the invoicing systems and along these lines, huge tax avoidance can be taken because of the compliance with the latest rules and regulations of the whole thing. Hence, a lot of effort and time on behalf of transporter will be saved.

 

It will help in adding the efficiency element in the transportation process: This concept is very much successful in increasing the speed as well as the efficiency of the whole transportation system. The introduction of E – waybills will help in transforming and reforming the whole transportation industry and the average distance covered by trucks will also significantly decrease with the lower amount of expenses on the fuel-related things.

 

There will be no need of waiting time at the check posts: When everything will be available in the digitalized format both with the transporter and the authorities then efficiency element will be added in the overall process. The goods will be moved very well and there will be a complete as well as optimum utilization of the vehicles and the resources.

 

The whole system is very much user-friendly: Implementation of these kinds of e-way bill systems help to promote the user-friendliness element in the overall process. The dealers can also involve themselves in self downloading the e-way bills so that they can also maintain the records very well.

 

It will help in quick as well as easy generation of bills: The generating of E-way bills is very easy as well as quick. Anybody can learn this process very easily because of the user-friendly interface provided by the whole system.

 

 Following are some of the most important points for the E-way bills which have to be undertaken by the transporters:

 

These kinds of bills are generated only when the value of consignment is more than Rs.50, 000 and for all smaller value consignments, there is no requirement of these kinds of bills.

All the rules of section 138 will apply for all those people who are carrying exempted goods under the rules and regulations and for E-way bill generations.  

The public conveyance can also be included as a mode of transport and requires the bill generation in case it is undertaking movement of goods of the consignor or consignees.

Railways have been exempted from the generation of these kinds of bills and there is no need to produce any kind of bill at the time of delivering these kinds of goods. But on the other hand, railways are required to carry the invoice as well as delivery challan at the time of undertaking such transportation of goods.

These kinds of bills are valid for 72 hours and the whole system is prone to acceptance or reduction of the consignment depending upon the communication a process with the authorities.

In the cases where the movement of goods is on the account of job work then the job worker has to generate this kind of bills and produce it whenever required. On the other hand, the consignor can also authorize the transporter and the courier agency to fill the column A of the whole firm on his or her behalf.

In case the goods cannot be transported within the validity period than the transporter can also extend the validity period by applying for special cases of circumstances and availing the permissions.

When these things have been verified by the tax officers then there is no need to get anything checked for the second time because specific information will be received by the authorities at that particular point in time only.

In case the movement is with the help of waterways, Airways, or railways then the bill will be generated after the movement of goods has been commenced.

 

The whole system is based upon easy compliance with the GST rules and is based upon the one-click system. The consigners and transporters also have proper access to mobile applications where they can undertake all the transactions associated with bills. They also get real-time updates about the movement of goods and can also go with the option of accessing the reports and dashboards whenever required. So, the introduction of technology in this field has to provide a seamless as well as a user-friendly system for all the consignors and consignees.

 

Hence, E-way bill software is considered to be a great product with several kinds of benefits for all the people who are involved in the overall process.