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E-Way Bill

E-Way Bill is an electronically generated document required for transporting goods of more than Rs. 50,000 in value within or between states. It must be generated before commencing movement of goods and carried by the transporter along with the invoice or delivery challan. The key rules are that a separate e-way bill is required for each vehicle used for transport, and a consolidated e-way bill can be generated if multiple consignments are transported together in one vehicle. The objectives of the e-way bill system include eliminating separate transit passes between states and moving to a self-declaration model for goods movement with a single e-way bill valid nationwide.

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Janhvi Bhardwaj
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370 views

E-Way Bill

E-Way Bill is an electronically generated document required for transporting goods of more than Rs. 50,000 in value within or between states. It must be generated before commencing movement of goods and carried by the transporter along with the invoice or delivery challan. The key rules are that a separate e-way bill is required for each vehicle used for transport, and a consolidated e-way bill can be generated if multiple consignments are transported together in one vehicle. The objectives of the e-way bill system include eliminating separate transit passes between states and moving to a self-declaration model for goods movement with a single e-way bill valid nationwide.

Uploaded by

Janhvi Bhardwaj
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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What is E-Way Bill ?

E-Way Bill is the short form of Electronic Way


Bill. It is a unique document/bill, which is
electronically generated for the specific
consignment/movement of goods from one
place to another, either inter-state or intra-
state and of value more than INR 50,000,
required under the current GST regime
Who needs e-way bill ?
In other words, carrying of e-way bill is
mandatory for Interstate movement of goods
whose collective value exceeds R 50,000.
Registered persons or transporters causing the
movement of goods in such cases are required
to generate the e-way bill before
commencement of such movement.
Rules of E-Way Bill
The GST E-way Bill Rules are as follows :
• Any supply (transportation) of value more
than Rs. 50,000is liable to have a valid e-
waybill.
• The bill can be generated by a registered as
well as an unregistered person.
• A transporter or supplier may even generate
an e-way bill for the supplies with the value
less than 50,000.
Rules…
• The unique e-way bill number is required to be
made available to supplier, the recipient and the
transporter.
• A separate e-way bill will be generated by the
transporter for each distinct use of transporting
vehicle during the transit.
• If multiple consignment are transported in one
conveyance, the transporter must generate and
carry the consolidated e-way bill with him.
Rules…
• Form GSTR-1 for the supplier will be auto-
populated based on the information provided in
part A of From GST INS-01.
• If the goods are not being transported or the
supply in cancelled after the generation of e-way
bill, rhe bill can be cancelled on the GST portal
with in 24 hours of generation.
• The details of e-way bill will be shared with the
registered recipient who will have to
communicate or confirm the recipt of the supply
covered under that particular bill.
Rules…
• E-way bill can also b generated and cancelled
through SMS. The transporter will have to carry a
copy of the e-way bill or the bill no along with the
invoice/ bill of supply or delivery challan.
• A registered tax person can upload his tax invoice
using FORM GST INV-1 on the GST portal to
obtain an invoice reference Number which will be
valid for 30 days from the uploading date.
Rules…
• The information in part A of Form GST INS-01
will be auto-populated based on the
information provided in FORM GST INV-1.
• For supplies which do not require to carry an
e-way bill, the transporter will still have to
carry the right tax invoice or bill of supply or
bill of entry or a delivery challan.
Objectives of e-way bill
• In order to transfer the goods after the e-way
bill is introduced, the need for the
requirement of separate transit pass in each
state will be eliminated.
• To move from departmental police model to
self-declaration model for the movement of
goods.
• Single e-way bill for hassle-free movement of
goods across the country.

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