All You Need to Know About E-Way Bills

 E-way bills are electronic bills generated for the transportation of goods valued over Rs. 50,000/- The E-way bill is an important document required to be carried by a person in charge of the conveyance carrying any consignment of goods of value exceeding fifty thousand rupees. E-way bills are generated from the GST common portal by the registered persons or transporters who cause the movement of goods of consignment exceeding fifty thousand rupees in value.

What are E-Way Bills?

An e-way bill is an electronically generated document required by a person in charge of the conveyance carrying any consignment of goods of value exceeding Rs 50,000 as mandated by the Government under the GST regime.

It contains information about the consignment, such as the origin and destination of the consignment, the mode of transport, and other relevant details.

Introducing e-way bills aims to bring transparency and curb tax evasion by increasing compliance with the GST provisions.

E-way bills are generated from the GST Common Portal using a registered user’s credentials. The registered person or the transporter can generate it. Once generated, a unique E-way bill number (EBN) is allocated and made available to both the supplier and recipient.

e way bill generation

When are they required?

As of April 1, 2018, e-way bills are required for the interstate movement of goods valued at over Rs 50,000. For intrastate movement of goods, e-way bills will be rolled out in a phased manner, with the first phase beginning on April 15, 2018. In this phase, e-way bills will be required to move goods valued at over Rs 50,000 within the states of Karnataka, Kerala, Tamil Nadu, and Telangana.

How to generate an E-Way Bill?

Assuming you have the required documents, here’s how you can generate an E-Way bill:

1. Go to the e-way bill portal — https://ewaybill.nic.in

2. Select the ‘Generate new’ option under the ‘E-waybill’ tab

3. A pop-up window will appear, asking you to select the type of user. Choose between ‘Registered User’ or ‘unregistered user/transporter/CBDT/exporting goods’ as per your requirement

4. If you are a registered user, log in using your GSTIN, Username, and Password credentials. If you are an unregistered user, choose the appropriate option from the drop-down menu

5. Enter all the relevant information in the form that appears next such as –

a) Suitable mode of transport (Road, Rail, Air, Ship)

b) Vehicle number

c) From and to locations, along with pin codes

d) Invoice or Bill of Entry/ challan number associated with this particular consignment

e) Date on which invoice/challan was issued

f) HSN code of commodity

g) Taxable value and rate of tax for each item in the consignment (invoice value cannot be greater than Rs 50,000 without providing additional

What information is required in an E-Way Bill?

An E-Way Bill is a document required to be carried by any person transporting goods worth more than Rs. 50,000 in value within India. The E-Way Bill must contain the following information:

1. The name, address, and GSTIN of the consignor and consignee

2. The value of the goods being transported

3. The mode of transport (road, rail, air, or ship)

4. The vehicle number or container number (if applicable)

5. The distance to be travelled

The E-Way Bill must be generated prior to commencing the journey and presented to any authorities that may request it during the transport.

Source : All You Need to Know About E-Way Bills

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