It means Electronic Way Bill. Let us understand its meaning and its characteristics. It is the document required for Movement of Goods.
It has following characteristics:
- It is an extra document apart from the invoice.
- Required to be carried by truck.
- Only applicable on Movement (not consumed at shop).
- Only applicable on Goods (not services)
Purpose of E Way Bill
It is a mechanism to ensure that goods being transported comply with GST Law and is an effective tool to track movement of goods and check tax evasion.