December 2, 2020

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E-Way Bill Rules And Generation Process Explained

It is a unique document / bill required under the current GST scheme that is produced electronically for the particular consignment / movement of goods from one place to another, either inter-state or intra-state, and of a value greater than INR 50,000. As per the update of 23 March 2018, from 1 April 2018, the generation of the e-Way Bill has been made mandatory. It is informed of the inter-state implementation of the e-way bill that will be introduced from 1 April 2018. Implementation of the kick-off Eway Bill in a staggered manner from 15 April 2018. To conduct this staggered rollout, states are to be split into four lots. In this article, we will explain in detail what Is E-Way Bill? E-Way Bill Rules that need to be followed, and also show you the process of generating an E-Way Bill online. E-Way Bill Rules And Generation Process.

The E-Way Bill (EWB) was introduced by the Government of India, especially with regard to the transportation of goods in the country from one area to another. The GST ( Goods and Services Tax) e-way invoice framework for the inter-state movement of goods entered into force here on 1 April. The GST e-way invoice, as specified by the Central Board of Indirect Taxes and Customs (CBIC), is the record needed to be carried by anyone carrying any cargo of goods priced above Rs at the conveyance price. 50,000 persons. From the GST commonplace platform for e-way invoice devices on the ewaybillgst.gov.in website, e-way invoices can be produced by registered men and women or by experienced CBIC carriers preparing to pass on consignment products before such movement is complete.

E-way bill or Electronic-way bill is a document implemented under the GST system that needs to be produced in state or inter-state before transporting or shipping goods worth more than INR 50,000. The physical copy of the e-way bill must be provided with details such as goods, receiver, consignor and transporter to the transporter or the person in charge of the transportation. On 1 April 2018, the e-way bill was rolled out nationally.

An electronic invoice is the complete form of the E-Way bill process. Therefore, the E-Way bill is obligatory for both inter- and intrastate transportation for the transport of goods. It is actually positioned just as the call shows that it is an electronic record showing the movement of ewaybillgst.gov.in e-manner bill portal products. It is essentially a GST enforcement mechanism that uploads the related statistics in the manner of a virtual interface prior to the start of the movement of goods and produces an e-waybill on the GST portal by means of the character triggering the movement of goods (consignor / seller).

What Are The Requirements for Generating E-Way Bill 

In accordance with Section 68 of the GST Act, that the authorities may also require the person sporting any consignment of goods with a fee greater than Rs 50,000 to keep the files and gadgets set out in the circular CBIC with him, as may be prescribed. In such cases, Rule 138 of the 2017 CGST (Central Goods and Services Tax) Regulations lays down the e-way invoice as the paperwork for the goods to be consigned.

Advantages Of E-way Bill

The e-way invoice mechanism has many benefits, which can be summarised as follows:

* The E-Way Bill would allow goods to be transported quicker.

* This will improve the shipping time for vehicles as the check-post has been withdrawn. Therefore, in addition to increasing the distance travelled, the logistics industry will benefit from minimising travel time and costs.

It is a user-friendly method of generating E-Way bills, which means that it is not required for the same reason as the present E-Way bill scheme to go to the e-Way bill department. The e-way invoice can be instantly generated online.

* The whole system is online and, therefore, reduces tax evasion.

Ways to get an E-Way Bill Registration

There are a few different methods by which you can conveniently register on the official government site for an E-Way Bill. These are included below:

Website (government official website: https:/ewaybillgst.gov.in/)

From your mobile phone via direct SMS

Using the app available on the Google PlayStore for Android devices

API By

By visiting online third-party GST provider pages

Simply visiting the official website will easily generate the E-Way Bill online. The procedure for accomplishing this assignment is given below:

Phase 1: Access the website https:/ewaybillgst.gov.in from your web browser and go to the login tab.

Phase 2: You are needed to include the required information on the login page, such as a username and password, then check the Captcha code to proceed.

Phase 3: You will be automatically redirected to the E-Way Bill portal upon successful verification of the information you provided during sign-up.

Phase 4: You are required to click the E-Way Bill option on the E-Way Bill portal.

Step 5: You will be presented with the E-Way Bill Entry Form EWB-01 on your screen when you have selected the E-Way Bill option on the portal.

Phase 6: Now, in the segment on Supply, choose:

I Outward- If you are a supplier, choose this choice.

(ii) Inward: If you are a recipient, choose this choice

Step 7: After that choose the form of your transaction in the Sub Type option

Step 8: Next, you are required to choose the type of document:

At this point, you must choose the type of document you will use for the purpose of generating E-Way Bill,

Step 9: You will need to provide the “document number” along with the document date of the respective documents that you selected in the document type above. 

Step 10: In this step, you are required to provide the details of the location where the merchandise has been dispatched from and where it is to be delivered. The details here include:

* Name

* GSTN

* Address

* Place

* State

* Pin code

Step 11: Next, you are required to enter information about the merchandise. These include:

* Product Name

* Product Description

* HSN Code

* Product Quantity

* Tax Charged

* Rate of Tax

Conditions For Generating E-Way Bill?

The E-Way Bill should be created when goods are transported by a registered person, either working as a consignee or consignor in his own car, hired car, railway, air or vessel, by the supplier or recipient of the goods.

The E-Way Bill should be created by the carrier when the items are handed over to a transporter. The registered individual should declare the information of the products in the popular portal in this case.

In the case of inward supplies from an unregistered entity, the E-Way Bill should be produced either by the supply recipient or the transporter.