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It is the electronic bill which is mandatory for the movement of the goods from one place to another through vehicle if the value of goods exceeds the specified value. The govt. has notified that if the value of goods is more than 50,000/- then it is mandatory to produce the E-Way Bill.
It generated or cancelled electronically or Through MSG then the 1st copy of such shall be retained by the supplier, the 2nd copy of such shall be retained by the transporter and 3rd copy of such shall be retained by the buyer.
Table of Contents
As this is already mentioned above that E-way will be issued when the movement of goods from one place to another through vehicle or conveyance if the value of the goods either single bill or Aggregate of all bills is more than 50,000/-
Now, let’s discuss the big question that who will generate the E-way bill.
Further, any movement of goods shall not be started before furnishing the required information related to goods in PART A of FORM GST EW-01, electronically through a common portal.
In case of job work where goods are going to transfer from one state to another then the E-WAY BILL shall be generated irrespective of the amount of consignment.
Where the handicraft goods which has been exempted from the requirement of obtaining registration under clause (i) and (ii) of section 24, has transported from one state to another then the E-Way bill shall be generated irrespective of the amount.
Where the goods have transferred as a consignment by the registered person as a consigner to the recipient “Consignee” through any transport mode then the said person or consignee may generate the E-Way bill in Form GST EWB-01 electronically on the common portal after furnishing information in PART B of Form GST EWB -01.
In Case where it is not generated in consignment case and goods are given to the transporter for the transportation by road, then the registered person shall furnish the information of transporter in PART B of Form GST EWB-01 on the common portal and the bill shall be generated by the transporter on the said portal on the basis of the information furnished by the registered person in PART A of FORM GST EWB-01.
Where the movement of goods initiated by the unregistered person either in his own mode or other that such persons (anyone), at their option generates the E-Way Bill in FORM GST EWB-01 on the common portal in the manner specified in the rule.
EBN number is E-WAY BILL NUMBER generated after filling online detail for the same and that shall be available to the supplier, transporter on the common portal and used by them for the further communication for the transit.
Many updates relating to E-way bill were issued in the 26 GST Council meeting held on 10th March 2018.
E-way bill requirement for inter-state movement of goods will be mandatory from 01.04.2018. However, provisions relating to intra-state movement will be notified in the later implementation phase. For other updates on the key decisions taken in 26th GST council meeting, you can read our blog linked above.
For GST Registration, GST Compliance or any other GST related Advisory services please visit our website.
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