Is e-Way bill required for stock transfer?

Is e- Way bill required for stock transfer?

Stock Transfer and Branch Transfers. As per the rules laid down with respect to Eway bill, a manufacturer (supplier) is required to generate the Eway bill for stock transfer or branch transfer if the value of such consignment exceeds INR 50,000

Stock Transfer and Branch Transfers

As per the rules laid down with respect to Eway bill, a manufacturer (supplier) is required to generate the Eway bill for stock transfer or branch transfer if the value of such consignment exceeds INR 50,000.

Sub-user Facility

The Eway bill needs to be generated for each and every consignment where the value of such consignment exceeds INR 50,000.  There are many manufacturers with branch offices and multiple places of business at various. Generating the Eway Bill from different places with the single login could be a difficult task.

For overcoming this issue the sub-users concept is introduced. A sub-user could use the login credentials which were created originally and execute the actions according to the access provided to them. For instance, a sub-user could be allowed to generate the Eway Bill and could be restricted from rejecting any Eway Bill.

However, the registered person is required to enter address accordingly in Eway bill. He could also create several sub-users and generate e-way bills accordingly.

Conclusion

In the pre-GST era, a mammoth amount of documentation was required which required a lot of human intervention, and with human intervention comes the scope of corruption and tax evasion.

With the roll-out of the eway bill the manufacturer (supplier), the transporter and the recipient would be on a single platform, and with their joint participation, one single document would accompany all the consignments and would be valid throughout the country.