With the introduction of GST, several new reforms have been introduced by the GST Council and the Central Board of Indirect Taxes and Customs (CBIC) to streamline the taxation process throughout the country. The eWay bill is one of the various rules and regulations introduced under GST to streamline the taxation process throughout the country
eWay Bills have become necessary while transporting goods. But the question that arises is what is eWay bill in GST? How to generate an eWay bill? If you need answers to all these questions, read this article till the end.
An e Way bill means an electronic document containing details about the shipment. It includes information such as the name of the consignor, consignee, and transporter, the HSN code of the goods, and the quantity and value of the goods. The eWay bill is generated on the GSTN portal, and a unique eWay bill number is assigned to each document.
An eWay bill under GST should be issued when goods worth more than INR 50,000 are transported within India. The eWay bill needs to be generated for the inter-state and intra-state movement of goods. However, there are some exceptions to this rule
Intra-state eWay Bill Rules Across India
For the intra-state movement of goods, each state in India has its own rules for when an eWay bill is required. For example, some states have set the threshold limit for eWay bill generation at INR 1 lakh, while others have set it at INR 50,000. It's essential to check the eWay bill rules for the state where the goods are transported.
The following parties are responsible for generating the eWay bill:
The following documents are required to generate an eWay bill:
Generating an eWay bill under GST is a simple process. Here are the steps to follow:
The validity of the eWay bill depends on the distance the goods need to be transported. Here are the validity periods for the eWay bill:
It's important to note that the validity of the eWay bill cannot be extended, and a new eWay bill needs to be generated if the validity period expires.
The eWay bill is crucial for businesses transporting goods in India. Understanding its generation, validity, and benefits is essential for compliance and efficient transportation.
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In India, if the worth of the goods being transported across state borders is over Rs. 50,000, it is mandatory to have an eWay bill.
The government provides some exceptions and relaxations to this rule. For instance, non-motorized transport and specific exempted goods do not require an eWay bill.