WHAT IS E-WAY BILL?
E-way bill or Electronic-way bill is a document introduced beneath the GST regime that must be generated before transporting or shipping merchandise value greater than Rs. 50,000 within state or inter-state. The physical copy of e-way bills should be given to the transporter or the person responsible for the conveyance and may embody data like merchandise, recipient, shipper and transporter. The e-way bill was unrolled nationwide on first April 2018.
WHEN TO GENERATE E-WAY BILL?
Under this system, an e-way bill is to be generated on the GST portal, whenever there is a movement of products in a vehicle, and also the worth of the consignment exceeds Rs.50, 000. If there are multiple consignments in a single vehicle, then an e-way bill must be generated for those consignments whose worth exceeds Rs.50, 000.
The movements might be-
- In relevance to a supply
- For reasons apart from supply
- Inward supply from an unregistered person
For all the aforementioned styles of movements, an e-way bill should be generated on the common waybill portal.
For this purpose, a supply could also be either of the following:
- A supply made for payment in the due course of the business.
- A supply made for payment which may not be within the course of business
- A supply inconsiderately (without payment)In easier terms, the term ‘supply’ sometimes means that a:
- Sale – sale of merchandise and payment done
- Transfer – branch transfers as an example
- Barter/Exchange – wherever the payment is by product rather than in cash
However, there are 2 additional cases, where, notwithstanding the worth of a consignment is a smaller amount than Rs 50000, an e-way bill must be generated; such as-
- The inter-state movement of products to a job-worker by a principal or a registered job-worker.
- The inter-state transport of handicraft merchandise by a dealer, that is exempt from GST.
WHO MUST GENERATE E-WAY BILL?
Registered persons – When there is a movement of goods more than Rs.50,000 to or from a registered person an e-way bill must be generated. A transporter or the registered person has got an option to carry an e-way bill if they wish to even if the value of the goods is less than Rs. 50,000. Registered persons can seek the help of GST consultant in Chennai for further assistance.
Unregistered persons – Unregistered persons must also possess an e-way bill. However, when an unregistered person makes a supply to a registered person, the registered person must guarantee all the compliances are met as if they were the provider.
Transporters – E-Way Bill need to be generated by the transporters carrying goods by road, air, rail, etc. also if the supplier has not generated an e-Way Bill.
SITUATIONS WHEN E-WAY BILL IS NOT NEEDED:
It is not necessary to generate E-way bill in the following cases:
- When the transport mode is non-motor vehicle.
- Goods in transit from Customs port, airport, air cargo complex or land customs station to Inland Container Depot (ICD) or Container Freight Station (CFS) for Customs clearance.
- Goods transported under Customs seal or Customs supervision.
- Goods transported underneath Customs Bond from ICD to Customs port or from one custom station to a different.
- Transit was transported to or from Asian nations or Asian countries.
- Movement of products caused by defense formation underneath the Ministry of defense as a consigner or receiver.
- Empty wares containers are being transported.
- Consignor transiting goods transiting between business place and a weighing scale area for weighment at a distance of twenty kms, amid a Delivery challan.
- Goods being transported by rail wherever the consigner of products is that the Central Government, State Governments or an area authority.
- Goods specified as exempt from E-Way bill needs within the individual State/Union territory GST Rules.
- Transport of sure specific goods- Includes the list of exempt provider of products, Annexure to Rule 138(14), merchandise treated as no provide as per Schedule III, sure schedule to Central charge per unit notifications. (PDF of List of Goods).
Note: Part B of e-Way Bill isn’t needed to be crammed wherever the space between the shipper or receiver and also the transporter is smaller than 50 Kms and transport is inside an equivalent state.
E-WAY BILL VALIDITY:
Predicated on the distance traveled by the products, an e-way bill is valid for periods as listed below. From the date and time of generation of e-way bill validity is calculated-
|TYPE OF TRAVEL||DISTANCE||VALIDITY|
|Other than over dimensional cargo||<100 kms||1 day|
|For every additional 100 kms or part thereof||1 additional day|
|For over dimensional cargo||Less than 20 kms||1 day|
|For every additional 20 kms or part thereof||1 additional day|
Validity of e-way bills can be extended too. The generator in such a case has to extend e-way either before 4 hours or within 4 hours after its expiry.
- Invoice or bill of supply or challan related to the consignment
- Transporter ID or vehicle number for transport by road
- Transporter ID, Transport document number, and date on the document for transport by air, rail or ship.
WHAT ARE THE CHANGES INTRODUCED WITHIN THE NEW SYSTEM WITH RELEVANCE TO E-WAY BILLS?
Under the new system, the government plans to integrate GST returns with e-way bills. With this integration, the government is getting to require taxpayers from victimizing the e-way bill website from generating e-way bills once they default in filing GST returns for 2 consecutive tax periods. If a registered dealer has not submitted his GST come for 2 consecutive tax periods, he won’t be ready to furnish details Part A of GST form EWB-01. Thus, both the dealer and also the emptor can get blocked. This is able to apply once either GSTR-3B or GSTR-4 return, whichever applicable, isn’t filed. To file GST returns you can consult a GST Consultant in Chennai.