Important Things To Know About E-way Bill Generation

E-way bills under GST have replaced the traditional system of delivery challans as proof of transport of goods from one place to another. Under the new E-way bills system of, goods cannot be transported without an E-way Bill if their value exceeds Rs 50,000. These bills need to be generated on the E-way bill portal.

The e-way bill portal can help you with the not only generation of e-way bills but also updating, canceling and printing e-way bills. You may also prepare consolidated e-way bills, reject e-way bills, prepare reports, create masters for customers, suppliers, products, etc and manage users.

Here are the 5 things you must remember while generating E-way bills on the E-way bill portal:

  1. E-way bill either single or consolidated can be generated on the E-way bill portal using the details of the transaction, items transported and the transporter details in the specified format as required
  2. The GST EWB 01 is divided into 2 parts namely Part A and Part B. Part A of the GST EWB 01 is to be furnished by the registered person who causes the movement of goods and transporter can fill in details in the part A on authorization by the registered person. Part B needs to be filled by consignee when the supply is made by the consignee in own or hired transport and by a transporter when the services of a transporter are used by the supplier to transport goods.
  3. A unique number is generated on the EWB portal once information is furnished in Part A of the portal and this number is unique to the EWB generated
  4. There are many ways in which EWB can be generated. Using online option by logging in on the e-way bill portal, via SMS which is a quick and convenient option or using Bulk generation offline tool to generate multiple E-way bills by a single upload of JSON file
  5. Although every registered person transporting goods of value more than Rs 50,000 needs to generate E-way bill there are certain mandatory cases who need to compulsorily generate e-way bills i.e. in case of a. Job work where goods are sent by the principal from one state to a job worker in another state, b. where handicraft goods are transported from one State or Union territory to another State or Union territory by a person who has been exempted from registration

The GST E-Way bill generation has changed the way goods are transported and must be generated as a part of the GST compliances. Non-generation of E-way bills can attract penalties and under the new regime of simplified Returns, the taxpayers who are not regular in filing returns for a period of 2 months will not be allowed to generate e-way bills on the portal.

In coming times the revenue department is planning to integrate E-way bill with NHAI’s FASTag mechanism and DMICDC’s Logistics Data Bank (LDB) services, to facilitate faster movement of goods and check GST evasion. The revenue department is planning this to facilitate faster movement of goods and check GST evasion.

The e-invoicing to be launched in a phased manner since January 2020 will eventually replace the e-way bill system since IRN generated will be used to quote the invoice references while transporting goods from one place to another. However, unless this is launched we still need to be compliant with the existing EWB generation and compliances.

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