No E-invoice Without E-way Bill From 1 March 2024
The National Informatics Centre (NIC) issued an advisory on Friday, urging taxpayers and transporters to make changes to their systems by 1 March to comply with new regulations.
The move was prompted by discrepancies between invoice details entered in e-way bills and e-invoices. NIC advises making necessary adjustments to avoid any issues.
A mismatch between the e-way bill and e-invoice statements has been observed, which can lead to issues.
To prevent such situations, e-way bill generation will not be allowed without e-invoice details starting from 1 March 2024.
This rule will apply to all businesses with a turnover above Rs 5 crore for e-invoice-enabled taxpayers and for transactions related to supplies under B2B (Business to Business) and exports.
According to the National Informatics Centre (NIC), e-way bills are still necessary for interstate transportation of goods valued at more than Rs 50,000 under the goods and services tax system.
However, e-way bills for other transactions like Business to customers (B2C) and non-supplies can continue to be generated. E-Invoice has been in operation since October 2020.
