All individuals and businesses enlisted under GST need an E-way bill for their item receipt when the total value of the products crosses Rs 50,000. E-way bills were introduced as a part of the comprehensive GST taxation law. An E-way bill is a document used by the government to monitor the movement of goods and the government has mandated it since June 2018.
For a detailed understanding of the E-way bill, login process, steps to generate an e-way bill read further.
The E-way bill is an abbreviated form of electronic way bill and It is a document used by the government to monitor the movement of goods. It contains all the details of the goods, the consigner, the receiver, and the transporter. It can be generated easily online or via SMS.
Upon generation of the e-way bill, a unique e-way bill number (EBN) is generated and made accessible to the supplier, transporter, and recipient for tracking the goods.
As per the GST guidelines you need to generate an E-way bill for inter-state and intrastate transport of goods before the commencement of movement. Mainly it was introduced to track goods, check tax evasions and provide a boost to the industry.
The e-way bill system provides various range of benefits to industries such as
An E-way bill mainly has 2 parts
Part A contains details of the consignor, consignee, item details, supply type, and transport mode, and part B contains transporter details.
The supplier has to fill both parts A and B details and the recipient has to fill only part B Details. The supplier can authorize the transporter to fill the part A details on his behalf.
An E-way bill is necessary when
The transporter needs to carry transport documents, invoices, supply bills, and delivery challan with the e-way bill number mentioned during transporting the goods.
It is unnecessary to generate an E-way bill when
To generate e-way bills at first you need to first register on the E-way bill portal online
Steps to register
Step 1 -Log in at the official E-way bill portal using your username and password
Step 2 -Click on generate new under E-way bill drop down options
Step 3 -Fill in the respective entries like
Step 4 -after providing all the details click on submit.
After your request has been processed an E-way bill be generated with a unique 12 digit number (EBN)
If you find the online E-way bill generation complicated and you are in an emergency, you also generate it via SMS using an SMS-based e – way bill generation facility. First, you need to register your mobile number, and then you can generate and cancel bills anytime using the correct set of SMS codes.
The validity of the E-way bill is based on the distance to be traveled.
In case, an E-way bill is generated but the goods are not transported or not delivered according to the details furnished, the bill will be canceled electronically or directly through the facilitation center within 24 hrs of generation of the e-way bill. But if the bill has been verified in transit as per rules then cancellation is not possible.
The central government has recently announced a list of items that are exempted from e-way bill listings. These items are common-use items and are considered to be exempted.
The list of exempted items are:
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