What is an e-Way bill?
E-Way bill is an electronically generated document which is required to be generated for the movement of goods of more Rs. 50,000 from one place to another place and beyond a distance of 10 km.
It is an information which is to be furnished by every registered person prior to the commencement of movement of goods. Generation of E-Way bill is compulsory from February 1, 2018.
The person in charge of conveyance shall carry (a) the invoice or bill of supply or delivery challan; and (b) a copy of e-Way bill or the e-Way Bill number
Who should generate the E-Way bill?
a) Where the goods are transported by the registered person as a consignor or the recipient of supply as consignee, whether in his own conveyance or hired, the said person may generate the e-way bill.
b) Where the e-way bill is not generated as per clause (a), then registered person shall furnish the information relating to the transporter and transporter will generate the same.
Information required for generation of E-Way Bill
GSTIN of recipient, place of delivery, invoice number, value of goods, HSN Code, vehicle number etc.
Unique e-Way Bill Number (UBN)
Upon generation of e-Way Bill on the common portal, unique e-Way bill number shall be made available to the supplier, the recipient and the transporter on the common portal.
Validity of E-Way Bill
Validity of e-Way bill depends on the distance to be travelled by the goods.
|
S. No. |
Distance |
Validity Period |
|
1 |
Less than 100 Km |
1 day |
|
2 |
100 Km or more but less than 300 Km |
3 days |
|
3 |
300 Km or more but less than 500 Km |
5 days |
|
4 |
500 Km or more but less than 1000 Km |
10 days |
|
5 |
1000 Km or more |
15 days |
**Relevant date for validity: The date on which the e-Way bill has been generated and the period of validity shall be counted from the time at which the e-Way bill has been generated.
Purpose of E-Way Bill
§ Tracking the movement of goods with e-Way bill number
§ To prevent tax evasion
Cancellation of E-Way Bill
Where e-Way bill has been generated but goods are not transported, the e-Way bill may be cancelled on the common portal, either directly or through facilitation centre notified by commissioner within 24 hours of generation of e-Way bill.
However an e-Way bill cannot be cancelled if it has been verified in transit in accordance with provisions of rule 138B of CGST Rules, 2017.
Exemptions from filing of E-way bill
§ Movement is within state and distance is less than 10 Km
§ If goods are transported by Non-Motorised Conveyance
§ Where goods are transported by custom authorities to their ICD or CFS
§ As notified by any state as per their need.
§ Transport of goods as specified in annexure to rule 138 of CGST Rules, 2017.
In case of any query, feel free to write at payaldang@startupbuddy.co.in.