GST Guide
Everything you need to know about Goods & Service Tax in India and more about the know about Goods & Service Tax in India
What is an E-way Bill?
The electronic way of generating a bill is referred to as the e-way bill. A Goods and Service Tax (GST) E-way bill is a form used to record the transport of goods. A GST-registered taxable person who transports goods valued at more than Rs. 50,000 must have an E-way bill created on the GST Portal. With the touch of a button, e-way bills can be automatically generated and shared with customers or suppliers.
When to generate an E-way Bill?
The E-way bills can be generated under the following situations:
- If the value of the products is greater than or equivalent to 50,000/-.
- If the principal moves the items across state borders to the employee.
- If there is an interstate transfer of handcrafted goods.
Who should generate an E-way Bill?
The following situations necessitate the generation of an E-way bill by a person who has a GST registration and is undertaking transportation of goods:
- E-way bills are generated when products are moved to or from a registered individual for more than Rs. 50,000. If the value of the products is less than Rs. 50,000, the registered person can even produce an E-way bill.
- A person who is not registered must additionally produce an E-way bill. The receiver is responsible for ensuring that all requirements are met when an unregistered person supplies goods or services to a registered person.
- If the provider has not produced an E-way Bill, the transporter must do so to move the products by land, air, rail, etc.
Documents required to generate an E-way Bill
- Relevant invoice, bill of supply, or challan for the shipment of goods.
- If a mode of road transport is involved, the vehicle number or the transporter ID.
- Transporter ID, Transport document number, and date whether by ship, rail, or air.
Format of an E- way Bill
The E-way bill is divided into Parts A and B. The information pertaining to consignment, often the invoice details, is gathered in Part A of the E-way bill. As a result, the following data must be provided:
- The recipient’s GSTIN.
- The delivery location’s Pin code.
- The number from the invoice or challan against which the goods were supplied.
- The consignment value.
- The HSN code for the transported items should be included. The first two digits of the HSN code should be mentioned if the turnover is up to INR 5 crores. A four-digit HSN code is necessary if the turnover exceeds INR 5 crores.
- The requirement for transportation should be identified in advance, and the best justification should be chosen.
- It is necessary to mention the transport document number. It contains the airway bill number, the railway receipt number, and the goods receipt number.
How to generate an E-way Bill
According to GST Council regulations, any supplier or transporter delivering goods worth more than Rs. 50,000 (single invoice/bill/delivery challan) in a single vehicle must carry a GST e-way bill. To get a GST e-way bill, the supplier or the transporter of the goods must register with the GST. The portal produces a distinct E-Way Bill Number (EBN). It allots it to the registered supplier, receiver, and transporter after the E-Way bill has been generated using the necessary credentials on the portal.
The following methods are available to the supplier or the carrier for creating the E-way bill:
- Software by BUSY Accounting Software
- E-billing portal,
- SMS,
- The Android application,
- Integration from Site to Site (through API).
The GST E-Way Portal allows for the creation of e-way bills. You must be registered as a transporter and under GST to utilise the platform.
- Go to https://ewaybill.nic.in/, access the E-way bill generation page, and enter your login information to access the platform.
- Select “Generate New” from the E-way bill-Main menu page to produce a new E-Way bill.
- A new form for creating EWB bills appears. If you are the supplier, choose outward; if you are the recipient, choose inward. Where applicable, include the GSTIN and the supplier and recipient’s information. Other information is added to the blank fields in the form when a registered GSTIN is submitted.
- Information to be filled out in the second half of the page is as follows:
- The product name and description.
- The product’s HSN code.
- Product quantity and unit.
- The cost of the goods and the tax rate.
- Rates of CGST or IGST are applicable. For intra-state transportation, SGST/CGST would apply, whereas IGST would apply for interstate transport.
- The approximate distance of the transport as well as the transporter’s name and ID. This will establish whether the E-Way bill is valid.
- After providing all the required information, click “SUBMIT” to produce the e-way bill. The E-Way bill with the e-way bill number and the QR Code, including all the information in digital form, will be shown on the portal. The printed copy of the invoice should be given to the transporter, who will keep it with them the entire journey till they deliver it to the consignee.
- Once it has been generated, an e-way bill can be updated. As long as the e-way bill is not past due, information on the transporter, consignment, consignor and GSTIN of both parties may be updated.
