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The Electronic-Way Bill, shortly known as e-Way Bill, is referred to a Receipt or report that a carrier issues, stating the specifications and instructions for the transportation of a consignment of goods. In this receipt, the person moving goods worth more than Rs. 50,000, whether interstate or intrastate, uploads the appropriate information and data before shipping goods.
An e-Way bill is generated using a digital interface or software on the GST portal. In this post, you get to find out more about what is an e-Way bill and how you can generate e-way bill.
According to the latest news and updates on e-Way bill, here are some key points that must be considered:
According to the e-Way bill portal's release notes, a suspended GSTIN cannot create an e-Way bill. On the contrary, the arrested person can receive a generated e-Way bill as a receiver or as a transporter.
The method of transport 'Ship' has now been modified to 'Ship/Road cum Ship,' allowing the user to input a vehicle number for goods first carried by road and a bill of lading number and date for goods initially moved by ship. This will aid in obtaining ODC incentives for ship-based mobility and make updating vehicle information easier as vehicles are transferred by road.
The Central Board of Indirect Taxes and Customs (CBIC) said that the banning of GSTINs for e-Way Bill generation is now only considered for the defaulting supplier's GSTIN and not for the defaulting recipient's or transporter's GSTIN.
The e-Way bill ensures that products being carried conform with the Goods and Services Tax (GST) law. Moreover, it is an excellent instrument for tracking the flow of goods and detecting Tax Fraud. The distance determines the validity of an e-Way bill that the goods travel.
For the transportation of goods, the e-Way bill required under the GST system has replaced the way bill was required under the VAT regime - a tangible document that had to be created to move the goods. The physical document used in the VAT regime has now been superseded with an electronically produced document under the GST regime.
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An e-Way bill highlights the following information:
The e-Way bill under the GST regime got active for transit goods from one state to another as of April 1, 2018. For the transfer of goods within the state, an e-Way bill was introduced in phases beginning on April 15, 2018, and ending on June 16, 2018. The e-Way bill is now applicable in all states in the current year.
You have a variety of modes that can help you in a successful e-Way bill generated process, such as:
If you don't confirm or reject the consignment within the given period, you will be believed that you have accepted the information.
The e-Way bill is required under the GST regime by the following people:
When there is a movement of items worth more than Rs 50,000 to or from a registered individual, an e-Way bill generation is mandatory. However, if the products are worth less than Rs 50,000, a registered individual or transporter could choose to create and carry an e-Way bill as per the preference, but it is not mandatory.
Unregistered Individuals must also generate an e-Way bill. When an unregistered person makes a supply to a registered person, the receiver is responsible for ensuring all compliances are met.
The person who transports goods by road, air, rail, or other means of transport must create an e-Way bill as well if the supplier has not done so.
There are a few instances when the e-Way bill is not required, as follows:
As mentioned above, three sorts of taxpayers can sign up for the e-Way bill, such as:
The following is a step-by-step registration process for taxpayers and registered transporters:
Once the e-Way bill login credentials are generated, you can create invoices for the goods movement.
Once you have registered on the e-Way portal, you can login with the help of your user ID and password:
Suppose the registered person (a consignor), or the recipient of supplies (a consignee) moves products. In that case, regardless of the conveyance, both the consignor and the consignee can generate the e-Way Bill in Form GST EWB 01 electronically on the common portal after furnishing information in Part B of Form GST EWB 01.
If the registered individual causes the movement of goods and hands them over to the transporter for road transportation without an e-Way bill, the transporter must generate the same.
In this case, if the registered person already furnishes the details about the transporter in Part B of Form GST EWB 01, the transporter can create the e-Way bill based on the given information in Part A of Form GST EQB 01.
If an unregistered person transports goods in his conveyance, the e-Way bill must be created either by him or by the transporter. This has to be created in Form GST EWB-01 on the GST portal.
The above image contains some validity information on the types of conveyance and the distance covered by them. While at it, you must keep in mind that there is an exception to it. If the items cannot be carried within the validity period of the e-way bill due to any extraordinary circumstances, the transporter can produce another e-Way bill after revising the data in Part B of Form GST EWB 01. This way, the commissioner can, by notification, prolong the validity term of an e-Way bill for a specific category of products.
The validity of an e-Way bill is premeditated from the date on which it was generated to the midnight of the next day. For instance, suppose you have created an e-Way bill at 4 PM on January 23; it will be valid until midnight on January 24.
If an e-Way bill is not generated, a penalty of Rs.10,000 could be charged. Aside from the fine, the vehicle transporting the items and the products being moved could be detained or confiscated.
Since the adoption of e-Way bills in India in April 2018, the volume of goods movements across states has surged dramatically. However, people have received financial benefits if the threshold limit for particular things falls below a certain level. For instance, the e-Way bill limit in Maharashtra 2021 was Rs. 1 lakh, which means Maharashtra exempted the generation of e-Way bills if the threshold amount was less than Rs.1 lakh.
Moreover, it has offered plenty of benefits to every type of person involved in transporting and shipping goods. So, if you have not been able to register on the e-Way bill portal yet, follow the steps mentioned above and complete the process today.
A: No, choosing the tax rates while generating the e-Way bill is not required.
A: After the e-Way bill has been generated, no changes can be made. If an error occurs, you must cancel the generated bill and create a new one.
A: If you have the required documents, such as the tax invoices, credit notes, delivery challans, and bills of supply or entries, you can easily create an e-Way bill.
A: Yes, even if you have already registered on the GST website, you must register on the e-Way portal.
A: Yes, any taxpayer or transporter who has enabled the automatic invoice generation platform can create the e-Way bills in bulk.