Everything you need to know about Goods & Service Tax in India and more about the know about Goods & Service Tax in India
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.
The E-way bills can be generated under the following situations:
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:
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:
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:
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.