Enhance your accounting standard with E-Way Bill

What is an E-way bill ?

An electronically generated document required for the movement of goods is known as E-Way Bill (Electronic Way bill). It can only be generated from E-Way Bill Portal when the goods of more than ₹ 50000 (Delhi,Tamil Nadu-₹ 100000) in value have to be transported. You can access it from Apps, SMS and from the official website. When it is generated a unique EBN number is allocated to the Supplier,Receipter and the Transporter.

Date of applicability under GST regime

It came under GST regime from 1st April 2018. It was introduced in phases starting from 15th April to 16th June 2018. All the phases are now completed and applicable in all states.

It replaced Way bill which was under VAT Regime and all the states had their different procedures for generating it.

When it is

1. Required?

Issued when movement of goods is in vehicle/conveyance of value more than ₹50000 (in some states above ₹100000).

In relation to,

Supply

Return

Inward supply from an Unregistered person

2. Not Required?

These are the cases where it is not required:

It’s mode of transport is not a vehicle.

Within the same state having a distance of less than 10km

Transported from the port, air cargo complex, airport or land custom station to ICD (Inland Container Depot) or CFS (Container Freight Station) for clearance by Customs

 By defence formation under Ministry of Defence as a consignor or consignee.

Exempted under State/Union Territories GST Rules

Transport of Empty Cargo

Transported by rail where consignor of goods are the government agencies whether central,state or local authority.

Exempt under Rule 138(14), Schedule III and Schedule to Central Tax Rating notifications.

Who should generate an E-Way Bill?

Registered - A person who have registered himself on the E-Way Bill Portal, has the right to generate the bill whether above ₹50000 or less.

Unregistered - A person when transferring to a registered person has to generate the bill. However the receiver have to ensure all the compliances met by the supplier.

Transporter - If the supplier has not generated the bill than it is the duty of the transporter to generate it.

How to generate E-Way Bill?

Here are the steps involved in generate e waybill:

Step 1 : Login to the portal by entering username,password and captcha code.

Step 2 : Click to ‘generate new’ under the ‘e way bill’ option.

Step 3 : When the new form appears, fill it as per your need

Outward - If you are supplier

Inward - If you are a recipient.

                Also fill the GSTIN number wherever necessary.

         Step 4 : Enter the description of goods.

         Step 5 : Generate the bill by clicking on ‘Submit’.

         Step 6 : Print the bill by clicking on ‘Print EWB’ under the ‘E way bill’ option.

Validity of an E-Way Bill

Type

Distance

Validity

Other than Over dimensional cargo

Less Than 100 Kms

1 Day

For every additional 100 Kms

additional 1 Day

For Over dimensional cargo

Less Than 20 Kms

1 Day

For every additional 20 Kms or part thereof

additional 1 Day