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Important Things for the E-Way Bill

Screenshot 2022 06 05 152452 - Important Things for the E-Way Bill

what do you think when someone just adds e word to any other word as a prefix.

I think that e word makes the works easy. Just look at these two words. 

MAIL or E-MAIL.

As the name implies, an E-way bill is necessary for the transportation of products from point of origin to point of destination. For the transportation of products from one location to another, an E-way bill is necessary. It serves as a means of enforcing compliance. An electronic way bill is a document that documents the movement of goods. It is generated through the common EWB portal in the form GST EWB-95

It is further bifurcated into two parts. 

The GSTIN of the supplier and the recipient make up the first portion. Delivery location with pin code Document type that includes the number and date of a Tax Invoice, Bill of Supply, Delivery Challan, or Bill of Entry. The worth of the things being carried. HSN Code is a code that allows you to shop at HSN Transportation for various reasons.

In the case of road transportation, the second part contains the vehicle number. Number of the transport document, which might be a goods receipt number, a railway receipt number, an airway bill number, or a bill of lading number.

Who should be in charge of creating an E-way Bill

Every GST registered person who initiates the movement of goods for any reason must provide the information mentioned above in part A of the E-way bill if the consignment value is more than Rs.50,000/- Here, consignment value means the value declared in the relevant invoice, bill of supply, or delivery challan, as the case may be, as per rule 138 of the CGST rules, 2017. The central tax, state or union territory tax, integrated tax, and cess should all be included in this figure.

Part B, which contains the transportation information, aids in the creation of the E-way bill. Even if the value of the consignment is less than Rs.50,000, a GST registered individual can produce E-way invoices.

If the shipment is being transported by their own or rented vehicle, trains, aeroplanes, or waterways, an EWB is usually prepared by the consignor or consignee. If the products are sent to a transporter for road transportation, the transporter is responsible for generating the e-way bill. That is, the carrier must update part B, whereas the GST registered individual must provide part A information. If the consignor/consignee has given them permission, transporters can likewise produce the portion.

Regardless of the size of the consignment, when goods are shipped from a principal in one state to a job worker in another state, an e-way bill shall be created by either the principle or the job worker.

Even though the value of the consignment of products is less than Rs.50,000, an e-way bill must be generated when a dealer who is exempt from GST registration transports handcrafted goods over state lines.

 

How can you make an E-way bill?

The EWB portal is used to create an EWB. This site serves as a one-stop shop for creating single and consolidated e-way invoices.

E-way bills' validity

Well, it all depends on the distance that has to be travelled in order to deliver products.

If it is less than 200Km then it will be in 1 day, then 1 day EWB Validity and 1 Extra day for 200 kms. 

If it is less than 20kms then It will be 1 day, then 1 day EWB validity and 1 Extra day for every 20Kms.

If extraordinary circumstances prevent the items from being carried within the e-way bill’s validity period, the transporter can produce a new e-way bill by revising the appropriate data in section B of form GST EWB-01.

What is the relationship between an E-way bill and a GST invoice?

The GST e-Invoicing method was recently established by the government. Taxpayers do not need to produce invoices on the GST site if they use e-invoicing.

This procedure will be applied to certain taxpayers. :

  • Specified GST registered taxpayers must use the single e-Invoice site, the Invoice Registration Portal-IRP, to submit an already produced invoice in form GST INV-01.
  • IRP will execute checks in the backends and create a unique Invoice reference number (IRN) as well as a QR code for each invoice.
  • The e-Invoice will then be digitally signed and returned to the taxpayer.

Final Words

The GST registered taxpayer is required to supply specific and precise information in the GST invoice. The details supplied to the IRP will be shared with the e-Way bill portal when a GST registered taxpayer is obliged to comply with e-Invoice requirements. The information in Part-A of FORM GST EWB-01 will not be required to be uploaded by the taxpayer who is required to create an e-Way bill.

I hope, I gave you some insights about E-way bill and delivered it in the best possible way. 

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To your Success

-Rajat Negi, Logging Out 🤗

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Rajat Negi

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Digital Marketer (Who loves to make brands)

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