Revolutionary Raja Ram for Tax & Economic Reforms
11 months ago
National Informatics Centre, GST e-Waybill System (NIC) issues advisory on the changes introduced in the generation of e-way bills (EWB) from February and March, 2024; Referring to Notification No. 78/2020 –Central Tax, states that from February 1, 2024,
taxpayers whose Annual Aggregate Turnover (AATO) exceeds Rs. 5 Crores must provide at least 6 digit HSN Code for all B2B and Export transactions, while those with an AATO below Rs. 5 Crores need to provide at least 4 digits;
As part of introducing checks and balances in EWB system, apprises that from March 1, 2024, EWB generation generation for B2B and B2E transactions by e-invoice enabled taxpayers will be blocked without e-Invoice/IRN details
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