What is an E-Way Bill?

E-Way Bill, also known as the electronic way bill is the legal procedure covered under the regime of GST for movement of goods either in interstate or intrastate. Thus, if the value of your good is above rupees 50,000 you ought to generate the E-Way Bill. It is the document which marks, the evidence of the good’s movement under the preview of government. It is a check system to control the tax evasion and for maintaining regularization with respect to the movement of goods. Leaving behind the previous rules and regulation regarding the movement of goods this E-Way Bill eases the process and functionality.

Who Generates the E-Way Bill?

There are several instances where the E-Way Bill is required to be generated and they are:

• In relation to sales of goods from one state to the other or within the state
• In case of sales return
• Due to inward supply from an unregistered person
• If the movement of goods is done by the unregistered person.

How E-Way Bill is Helpful?

• You can avoid the separate the login details for the states and branch level access instead you get the centralized portal of EWB.
• You can accurately assess the distance for E-Way Bill validity via inbuilt distance calculator.
• Bulk transportation details are mentioned without entering the data again.
• It helps you reduce the error because of its inbuilt validations, improved user experience and through intelligence reports.

How Can You Generate the E-Way Bill?

An E-Way Bill can be generated online through the E-Way Bill system. This is the bill which needs to be generated before the movement of the goods for supply/other than supply/ inward supply from the unregistered person. Thus, irrespective of the fact that the parties are registered or unregistered the bill is mandatory to be issued if the value of it exceed is rupees 50,000.

The Basic Information to Know before Generating the E-Way Bill

Every e E-Way Bill whenever generated provides the unique E-Way Bill number, i.e. EBN which is made available to the supplier, recipient & the transporter. The added benefit of this bill is that it replaces the physical document. One needs to fill the form GST EWB01 in order to complete the formalities regarding it. This form is divided into parts and they are part A and B where part A contains the information regarding the details of the goods furnished and the B constitutes the vehicle number of the transported goods.

In case of multiple consignments which are sent from the same conveyance you need to generate the consolidated E-Way Bill, which includes the serial numbers of each individually generated e-way per consignment. This practice is commonly known as ‘Transshipment.’

The Documents and Details which Must be Handy with you before Generating E-Way Bills

The bill is segmented into two parts, hence the first section requires you to provide GSTIN of the recipient which is the GST identification number, following this you need to mention the place of delivery wherein the pin code for the place of delivery is asked, proceeding further the invoice or Challan number and invoice or challan date of the supplied goods has to be entered. After this you are asked to furnish the value of goods, adding to this the HSN code is required to be populated which is the Harmonized System of Nomenclature code of the transported goods. Moving ahead, you require to select the most appropriate reason for transportation of the goods from the drop down menu which is present going further one is commanded to mention the transport number and that might be goods receipt number/ Railway recipient number/ Airway bill number/ bill of loading number.

If you are an Unregistered Entity or Person

• The formalities for the E-Way Bill have to be fulfilled by the transporter of the goods by filling the same GST EWB- 01.
• If the sender of the goods is an unregistered person or entity and the recipient is registered. Then it is the responsibility of the registered individual to complete the procedures for the generation of the E-Way Bill.

Validity of an E-Way Bill

The validity of the E-Way Bill is considered from the time E-Way Bill is created. Thus if, the distance of the transportation of the goods is less than 100 km, the validity of the bill is one day. Therefore, for every 100 km the validity of the bill increases to 1 day.

Some other Important Pointers which you Must be Aware of

• EWay can be cancelled via the GST website within 24 hours from the time of generation of the E-Way Bill. But it cannot be cancelled if the officer in the transit has verified the bill.
• Even if the value transaction or transportation is less than rupees 50,000 one can generate the E-Way Bill by following the same procedures which are followed for above 50k.
• You do not need to generate the E-Way Bill if the transportation of goods is less than 10 kms from the business place to the place of the consignee within the same state.
• If the physical verification of the transported goods on any conveyance is already done once within the state, then no further physical verification is carried out further unless any tax evasion information is prevalent.

In Case of the Failure to Generate the E-Way Bill

The E-Way Bill is mandatory for the transfer of the goods from inter- state or intrastate. Hence, if both the parties, i.e. consignor and consignee are unregistered it is the transporter who needs to generate the EWay. Thus, if the transporter has not abided by the rules he/she has to bear the fine of rupees 10,000. He/ she is also further liable for the seizure of good and the vehicle.