E-Way bill stands for Electronic Way Bill. It is usually a unique bill number generated for the specific consignment involving the movement of goods. In GST, A Registered Dealer who intends to transports Goods exceeding Rs.50000 or more should generate E-way bill.
Procedure for generating E-way bill
- If a registered dealer located in one state, agreed to make an outward supply of goods worth Rs.73,000 to another dealer . For delivering the goods the transferor has to hand over the goods the transporting agency.
- Transferor has to file GST-INS-01 contains part-A relating to Details of goods and part-B relating to details of transportr.
- Transporter needs to generate e-way bill based on the details furnished in Part-A of GST-INS-01.
- Generated e-way bill contains a unique e-way Bill number(EBN) which will be sent to Goods transferor, transferee and to the transporter.
- Transferee will receive the e-way bill for acceptance as per the details mentioned in GST-INS -01.
- The transporter or the person in charge of conveyance should carry the invoice or bill of supply and A physical copy of the e-way bill or the unique e-way bill number.
- Which should be submitted, when the officer intercepts the vehicle for physical verification.
- For certain class of transporters, fixing of RFID(Radio Frequency Identifacation Device) devices to the vehicle and mapping of e-way bill to device will be mandated. This will be notified by commissioner.
- At the place of verification, the e-way bill mapped to this device will be verified through RFID readers.
Validity of e-way Bill
The validity of e-Way bill is based on the distance. The validity will be counted from the generation of e-Way bill. The Validity of e-Way bill may be extended by the commissioner for certain type of goods as specified in the notification applicable.
Questions on GST e-Way bill
- Who should generate the e-Way bill?
When goods are transported by a registered person, either acting as a consignee or consignor in his own vehicle or hired, the supplier or recipient of the goods should generate the e-way Bill.
When the goods are handed over to a transporter, the e-way bill should be generated by the transporter. 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 supply or the transporter should 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 maynot be mandatory.
- What happens if e-way bill is generated but 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 it has been verified by an officer during transit.