01 September 2013
First of all you must say which state Act the query relates to.
Way bill is a common term. In VAT Act, it is a form to be used by the dealer for bringing the stocks to the state and to send the stocks outside the state. The form is compulsory for certain commodities and it should be accompanied along with other documents like invoice etc.,
Now almost many states have prescribed e-waybill to be applied online.
The practical implication is without waybill the checkpost authorities will not allow to enter the state and levy tax and spot penalty.
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