How Long Does It Take to Cancel an E-Way Bill?
E-way bills (EWBs) were introduced in 2018 as a means of simplifying the implementation of the Goods and Services Tax (GST) regime in India. EWB is a singular document that carries details of shipments of goods. It consists of two parts:
- Part A which carries details of the supplier and recipient, value of goods, delivery location, invoice details and HSN code
- Part B which carries transporter details and vehicle number
E-way bills are mandatory for all shipments that are valued at over Rs. 50,000.
If you’re a business owner involved in the transportation of goods or work at an online marketplace, you need to be familiar with the various nuances of e-way bills. There are certain scenarios such as order cancellation, incorrect data due to data entry errors, or non-transportation of goods that may necessitate the cancellation of EWBs. Should you be wondering how long it takes to cancel … Read More