GIMBOOKS - YOUR ONE-STOP SOLUTION FOR GST E-WAY BILL MANAGEMENT

Want your business to streamline automation and begin digitization of procedures? A modified version of the previous way bill system used under VAT is the e-way bill. By amending rule 138 of the CGST Rules 2017 in accordance with the sixth amendment, the provision was implemented via GST Notification No. 27/2017 dated 30th August 2017. The individual causing the movement of the products uploads the necessary information through the digital interface before the movement of the goods begins, and an electronic e-way bill is created as a compliance mechanism. Movement may be connected to the supply or unrelated to the supply.

Now, before we head into the agenda… Let’s look at the basics first

What is an e-way bill?

The government began using e-way bills, also known as electronic way bills, on February 1, 2018, to help in the efficient movement of commodities within and between states. When the value of the products exceeds 50,000 INR, the e-way bill is generated on the e-way bill website. The movement of products is prohibited in the case of registered persons where the value exceeds 50,000 INR in the absence of an e-way bill.

E-way bill scope and key timelines you would be inquisitive to know

The clause, which was introduced in August 2017, was initially scheduled to take effect on February 1st, 2018. Due to a lack of industry readiness, the same was delayed, and as of 1 April 2018, it will be in effect PAN India for the interstate supply of commodities.

Even though it is required to generate an e-way bill for any shipment with a value greater than INR 50,000, the transporter or registered person is free to do so even if the shipment's value is less than INR 50,000. Learn more about the requirement for e-way bills here.

Why the need for an e-way bill?

• For hassle-free transfer of products across the country, use a single E-way bill.
• Removes the requirement for a separate transit pass for moving goods in each state
• Modification of departmental policy in favour of the "self-declaration" paradigm

• Prevention of any tax evasion
• No more checkpoint delays
• Use of vehicles and resources at their best
• E-way bill verification by tax officers is quick and simple

You know this right? Tracking the movement of products and verifying tax compliance are both made possible by e-way bills. As a complete solution for GST e-way bill administration, GimBooks has evolved to streamline this procedure and increase efficiency. We will now look at how GimBooks is revolutionizing the e-way bill administration and helps companies of all sizes in this blog article.

Easy to use

Even for firms that are unfamiliar with GST compliance, GimBooks is a cloud-based programme that is simple to use.

Streamlined E-Way Bill Generation

GimBooks provides a user-friendly interface that makes creating e-way bills simpler. Businesses may easily create e-way invoices with just a few clicks because to its seamless integration with the GSTN system.

Accurate at every point

GimBooks automatically extracts the relevant data from the invoice, ensuring that firms' e-way bills are accurate

Automated compliance verification checks

Any business operation must be in compliance with GST requirements. GIMBOOKS automates compliance inspections to streamline the process. To ensure accuracy and compliance, it verifies critical information such as invoice specifics, tax rates, and HSN codes. GIMBOOKS assists companies in avoiding fines and maintaining a spotless record of GST compliance by alerting them to potential errors or anomalies

Management and Storage of Documents

For organizations, managing a significant amount of e-way bills and accompanying papers can be difficult. For all e-way bills, GIMBOOKS serves as a central repository, making it simple to arrange, save, and retrieve documents as needed. With this capability, organisations may preserve digital records for future reference and audits without having to deal with the inconvenience of laborious paperwork.

What’s the purpose of using GimBooks over anything else? Business intelligence and analytics are your answer

Businesses need access to intelligent data and analytics to make wise decisions. GimBooks offers thorough reporting and analytics on the use of e-way bills, including critical parameters like the efficiency of the transporters, the typical delivery time, and the compliance level. These analytics assist companies in finding process bottlenecks, streamlining logistics, and making data-driven decisions to enhance processes.

The more the merrier for a businessman with GimBooks

In addition to e-way bill generation, GimBooks also offers a number of other features for GST compliance, including:

• GST invoice generation
• GST return filing
• GST compliance reports

Concluding note

GimBooks has revolutionized the handling of GST e-way bills by providing companies with a one-stop shop for streamlining operations and ensuring compliance. Businesses may eliminate errors, save time, and improve overall efficiency in the challenging world of GST compliance by utilizing GimBooks.