What is the e-way Bill under GST

Electronic Way Bill (E-Way Bill) is basically a compliance mechanism wherein, by Way of a digital interface, the person causing the movement of goods uploads the relevant information prior to the commencement of movement of goods and generates an e-Way Bill on the GST portal. In GST, A Registered Dealer who intends to transport Goods exceeding Rs . 50000 or more should generate an E-way bill.
An e-way bill is a permit required for the interstate and intra-state transportation of goods worth more than Rs. 50,000. It contains details of the goods, the consignor, the recipient, and the transporter. It can be electronically generated through the Goods and Services Tax Network (GSTN). E-way bill is a mechanism to ensure that goods being transported comply with the GST Law, and is an effective tool to track the movement of goods and check tax evasion.

Procedure for generating E-way bill

E-Way Bill is the short form of Electronic Way Bill. It is a unique document/bill, electronically generated for the specific consignment/movement of goods from one place to another, either inter-state or intra-state, and of a value exceeding INR 50,000, as required under the current GST regime. The e-way bill is a mechanism to ensure that goods being transported comply with regulations and is an effective tool to track the movement of goods and check tax evasion. An E-way Bill must be generated when there is a movement of goods with a value of more than Rs 50,000 to or from a registered person. A Registered person or the transporter may choose to generate and carry a waybill even if the value of goods is less than Rs 50,000.

1. Suppose a registered dealer located in one state makes an outward supply of goods worth s.  73,000 to anotdealer for. For delivering the goods, the transferor has to hand over the goods to the transporting agency.
2. The transferor has to file GST-INS-01, which contains part A relating to Details of goods and part B pertaining to details of the transporter.
3. The transporter must generate an e-way bill based on the details provided in Part A of GST-INS-01.
4. The generated e-way bill contains a unique e-way Bill number (EBN), which will be sent to the goods transferor, transferee, and transporter.
5. The transferee will receive the e-waybill for acceptance as per the details mentioned in GST-INS-01.
6. The transporter or the person in charge of conveyance should carry the invoice or Bill of Supply, as well as a physical copy of the e-way bill or the unique e-way bill number.
7. This should be submitted when the officer intercepts the vehicle for physical verification.
8. For the specific class of transporters, the fixing of RFID (Radio Frequency Identification Device) devices to the vehicle and the mapping of e-waybills to these devices will be mandated. The commissioner will notify you.
9. At the place of verification, the e-wayBill mapped to this device will be verified through RFID readers.

Validity of e-way Bill

E-way bill is an electronic waybill generated on the GST portal for the movement of goods. Any supplier or agent transporting goods with a consignment value exceeding Rs. 50,000 is required to create and produce a valid waybill. Part B, containing transport details, is used to validate e-Way bills and generate e-Way bills. Validity of e-Way bills is based on the distance. The validity will be counted from the generation of the e-WayBill. The validity of the e-WayBill may be extended by the commissioner for certain types of goods as specified in the applicable notification.
‘e-Invoicing’ or ‘electronic invoicing’ is a system in which B2B invoices are authenticated electronically by GSTN for further use on the common GST portal. … All invoice information will be transferred from this portal to both the GST portal and e-way bill portal in real-time.
E-Invoicing is mandatory from 1st October 2020 to all businesses whose aggregate turnover has exceeded the Rs. 500 crore limit in any of the previous financial years from 2017-18 to 2019-20. From 1st January 2021, e-invoicing became applicable to businesses

Questions on  GST e-Way bill

Who should generate the e-WayBill?

 When goods are transported by a registered person, either acting as a consignee or consignor in their vehicle or one that has been hired, the supplier or recipient of the goods should generate the e-waybill.
When the goods are handed over to a transporter, the transporter should generate the e-waybill. In this case, the registered person should declare the details of the goods in a common portal.
In case of inward supplies from an unregistered person, either the recipient of the supply or the transporter must generate the e-way bill.

Can the e-way bill be generated for consignments of value less than Rs . 50,000?

Yes, either a registered person or a transporter can generate an e-way bill, although it may not be mandatory.

What happens if an e-way bill is generated but the goods are not transported?

An e-way bill can be cancelled electronically on the common portal within 24 hours of its generation. An e-way bill cannot be cancelled if an officer has verified it during transit.