How to generate an E-Way Bill?
The E-Way bill portal offers a simple method for creating e-way bills (single and consolidated), changing the vehicle number on an existing EWB, cancelling new e-way bills, and many other features.
In EWB-01, there are four methods for generating e-way bills:
What is the link between an E-Way Bill and an E-Invoice?
An e-way bill's first section, Part A, contains details about the invoice, such as the sender and recipient's GSTINs, the invoice number, the delivery address, the HSN codes, etc. Part B contains the transporter's identification number, vehicle number, and other data. The taxpayer manually edits the invoice data and transporter information according to the current procedure before generating both parts using the e-way bill portal.
The implementation of e-invoicing will also impact the e-way bill system. Current users of the e-way bill portal can log in to the e-invoice portal using the same credentials without having to register again. When e-invoicing is established, e-way bills will be automatically filled out from the e-invoicing portal, in contrast to the existing method.
Impact of E-Way Bill integration with E-Invoicing on businesses
Integrating the e-invoicing and e-way bill systems to streamline and automate the process. The government has additionally linked e-way bills to the submission of GST returns. For taxpayers with two or more consecutive outstanding GST returns, the generation of e-way bills would be banned. The following benefits for the firms will result from these integrations:
- 1. Easy compliance for taxpayers
- 2. Ensuring accuracy through automated processes.
- 3. Reduced tax evasion will benefit the government as well.