eWay Bill
An e-way bill is a is an electronic document generated on the GST portal the proof of movement of goods and is required for the movement of goods valued over a specified threshold amount. It contains details such as the type of goods, quantity, value, the place of origin, and the destination of the goods. The e-way bill system was introduced to ensure seamless movement of goods across state borders and to curb tax evasion. It is a crucial component of the GST compliance framework.
Benefits of e-way bill
- Faster movement of goods
- State boundary check post not required because of e-way bills
- Improve turnaround time of trucks and help the transporters by reducing the time and cost involved
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₹4300
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FAQs
WHAT IS EWAY BILL
E-way bill is an electronic document generated on the GST portal showing the proof of movement of goods.
When E-way bill is required to be generated
Whenever there is movement of goods of consignment exceeding 50,000 in relation to supply of goods, for reason other than supply, due to inward supply from unregistered person.
WHO CAN GENERATEE-WAY BILL?
E-way bill needs to be generated by the GST registered seller or buyer of goods (that means consignor or consignee) if the transportation is being done in own conveyance or by railways by air or by ship). It can be done by transporter for transportation by road.Where eway bill is not generated by the buyerand seller both and the value of goods is more than 50000 then transporter shall be the responsible to generate it.
How to Cancel e-way bill?
Where after generation of e-way bill, goods are not transported or not transported as per details furnished in e-way bill, it can be cancelled within 24 hours of generation. But once verified in transit it cannot be cancelled.
If there is a mistake,incorrect or wrong entry in the e-way bill,then it cannot be edited or corrected.Only option is cancellation of e-way bill within 24 hours of generation and generates a new one with correct details.
What Information is to be furnished in e-way bill ?
Eway bill is in two parts – Part A and Part B
Part A To be provided by the registered entity responsible for the transportation of goods.
However, information in part-A may be furnished: by the transporter if authorised or by the e-commerce operator/courier agency,if authorised,where the goods are supplied through them.