E-Way Bill – Rules related to E-way-Bill and How to Generate E-way Bill

As the 26th GST council meeting concluded and the finally the e-way bill rollout decison has comes out.  The main outcome of the meetings related to Eway-Bill is:

• Inter-State E-way Bill started from 1st April 2018.
• Intra-State movement E-way bill will be rolled out in phased manner starting from 15th April 2018.

There are many question comes related to E-way Bill, let we will answer some of the question here –

What is E-WAY BILL?

E-Way bill stands for Electronic Way Bill and under GST, all the aspects related to movement of goods and supplies are mentioned in E-way bill rules. E-way bill can be generated electronically from the E-way bill portal and a unique eway bill number (EBN) gets allocated to the supplier, recipient and the transporter.

When an E-way bill is required to Generate?

Eway bill is required to be generated when there is movement of goods in a vehicle/conveyance valuing more than Rs. 50,000. Even in case of return of goods or supply form an unregistered person the generation of eway bill is necessary.
Although, consignments valuing less than Rs. 50,000 will notrequired eway bill but the same can be generated by the registered person or by the transporter.

Who all can generate the Eway bill?

• In case of movement of goods has been started by a registered person, either as a consignee or consignor in a conveyance owned or hired, the supplier or recipient of goods needs to generate the eway bill.
• In case of movement of goods has been started by a Unregistered person, the recipient needs to ensure, all the compliances on the common portal has been complied.
• In case goods are handed over to the transporter, the eway bill needs to be generated by the transporter if the supplier has not generated the eway bill.
  
  In case of Multiple Consignments transported through single conveyance, the transporter should generate a consolidated eway bill in form of GST EWB 02 and indicate the eway bill number of each consignment separately.

What is the validity of E-way Bill?

Eway bill has a validity pre-defined as per the distance travelled by the goods and the same are as follows:

• Less than 100 KM: 1 Day
• Every 100 Km or part thereafter – 1 Additional Day

Validity of Eway bill can be extended also, the one who generates the eway bill can request for extension either 4 hours before the expiry or 4 hours after the expiry.
Once, validity gets extended, the neweway bill number gets generated.

What Documents are required to generate Eway bill?

• Invoice/Delivery Challan/Bill of supply
• Transporter ID or Vehicle Number

Cases where E-way bill is not required

To provide relief to hundreds of goods of basic necessities, there are as much as 150 goods prescribed in the ACT which are allowed to move without the e-way bill.

Read: Complete list of goods for which E-way bill is not required.

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