V-Guard Receives ₹1.24 Crore GST Demand Orders for Alleged Non-Generation of E-Way Bills on Credit Notes

V-Guard Industries has received GST demand orders worth crores for alleged non-generation of e-way bills on credit notes. E-way bills are mandatory documents for the movement of goods exceeding a certain value under the GST regime. The demand likely arises from the tax authorities' contention that e-way bills should have been generated even for goods returned via credit notes. This highlights the importance of proper documentation and compliance with e-way bill rules for all types of goods movement, including returns.