What is E-Way Bill System
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- October 20, 2018 11:22 PM
E-Way Bill is an electronic computerized bill in the GST system, sending a cargo from one place to another, the online bill must also be prepared for it. These Bill will also be registered on the GST portal. Prior to the implementation of the GST system, such a system is being implemented in the sales tax or VAT system of the states. Even in the old tax regime, the bill has remained on paper for transport of goods. The bill which was first made on paper, now it will become electronically on the computer. After that, it will be uploaded to the network of GST. In the old system, the paper which has been billed on the bill, we are known by the name of road permit. Now after the GST is implemented, this old road permit will be implemented as E-Way Bill.
Important Points To Be Noted By Suppliers/Recipients Of Goods
E-Way bill for inter state movement of goods has been implemented from 1st April 2018 and for intra-state movement of goods from 16th june 2018 by all states/UTs across the country.
Important Points To Be Noted By Transporter Of Goods
You can ragister on the portal of E-Way bill namely www.ewaybillgst.gov.in by using your GSTIN
E-Way bill is required to be generated only where the value of the consignment exceeds 50000/- which includes tax, but does not include value of exempted goods.
In case of movement of goods on account of job-work, the supplier or the registered job worker is required to generate the e-way bill.
Supplier can authorize the trasporter, courier agency and e-commerce operator to fill even part-a of e-way bill on his behalf.
If the distance between the principal place of business of the supplier to the place of business of the transporter is less then 50km , Part B of the E-Way bill is not required. Only Part-A of E-Way bill is required to be filled where transporter ID is compulsory.
Tile Period for the recipient to communicate his acceptance or rejection of the consigment would be the validity period of the concerned E-Way bill Or 72 Hours whichever is earlier.
Where the goods are transported by railways or by air or by vessel the E-Way bill shall be generated by the registered supplier or registeres recipient only and not by the transporter and the same can be generated even after the commencement of the movement of the goods.
E-Way bill number can be assigned by the supplier/recipient or transporter to another registered or enrolled transporter.
You can register on the portal of E-Way bill namely www.ewaybillgst.gov.in by using your GSTIN. If you do not have GSTIN, then you can enrol on the portal without GSTIN too.
No E-Way bill is required if the value of the goods in an individual consignment is less then 50000/- Rs Even if the total value of all such consignments in a single conveyance is more then 50000/-.
Railways have been exempted from generation and carrying of E-Way bill. But Railways are required to carry invoice or delivery challan etc. However E-Way has to be produced by the recipient before the delivery of the goods by the Railways.
If the goods can not be transported within the validity period of the e-way bill the supplier or transporter may extend the validity period in case of transhipment or in case of circumstances of exceptional nature.
Transporters can generate consolidated e-way bills in from GST EWB-02
Where the goods are transferred from one conveyance to another details of conveyance should be updated by the transporter in Part-B of From GST EWB-01.
Ones verified by any tax offices the same conveyance will not be subject to a second check in any state or union territory unless and until specific information concerning the same is received.
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