eWay Bill

E-way bill?

The term "e-way bill" is an abbreviation for Electronic Way Bill. It is a document that is used to monitor the movement of goods under the Goods and Service Tax (GST) system. Any individual or business registered under GST who is involved in the transportation of goods worth more than Rs.50,000 must possess an e-way bill generated through the GST Portal.

Generating e-way bills is a seamless process with just a click of a button, and they can be easily shared with customers or suppliers. The rules for the movement of goods are outlined in the e-way bill rules.

Who should Generate an eWay Bill?

The following cases wherein a person having GST registration are causing goods movement should generate an E-way bill.

• eWay Bills generation is done when there is a movement of goods of more than Rs.50,000 value to or from a registered person. The registered person can even generate an E-way bill if the goods' valuation is less than Rs.50,000.
• An unregistered person is also required to generate an E-way bill. When an unregistered person makes a supply to a registered person, the receiver must ensure that all the compliances are complied with.
• A transporter carrying goods via road, air, rail, etc., is required to generate an E-way bill if the supplier has not generated any E-way Bill.

Documents required to generate eWay Bills

What documents are required to generate an E-way bill?

• Invoice/ Bill of supply/ Challan relevant to the consignment of goods
• In case of Transport by road- Transporter ID or the vehicle number
• Transport by rail, air, or ship- Transporter ID, Transport document number, and date.