Complete Guide To E-way Bills In India GST – Updated For 2022        

What is E-Way Bill in India GST

The Electronic Way Bill (E-Way Bill) is a one-of-a-kind bill/ document created electronically for the specific movement/ consignment of goods from one location to another. This movement is either interstate or intrastate in nature and has a value greater than ₹ 50,000, as required by the present GST regime.

After the e-way Bill is generated, the transporter, supplier, and recipient are given a single e-way Bill Number (EBN).

It is created electronically through the GSTN’s E-way bill portal. A unique E-way Bill Number (EBN) is assigned to each eway bill and is available to the provider, recipient, and transporter. Additionally, E-waybills can be generated or canceled by SMS, Android App, and API site-to-site connectivity.

Who Needs to Generate an E-Way Bill

Any transporter that starts a business transporting goods should be informed of the eway bill generation laws. The E-way Bill can be generated by the following individuals.

1. Transporter

A transporter must generate an e-way bill for carrying a shipment of goods by air, rail, or freight if the supplier does not prepare the documentation.

2. Registered Person

It is required for any registered individual to generate an e-way bill when products worth more than ₹ 50,000 are transported.

3. Unregistered Person

If any unregistered individuals are involved in transportation operations, an e-way bill will be required. When an unregistered person completes a supply transaction with a registered individual, the recipient must ensure that all required compliances are followed and that all documentation is in order.


Steps to Generate E-Way Bill

The steps for generating an E-way bill are as follows-

  1. Log in to the E-Way Bill Portal at using your own login information. [ Note: To generate an E-way Bill, you must have a GST and transporter registration.]
  2. Select “Generate new”, and the main menu page will refresh with a new generation form.
  3. Fill in the necessary information,

If you are a supplier, set the translation type to “Outward.”

If you are the receiver, set the translation type to “Inward” and enter the supplier and recipient information, as well as the GSTIN, where applicable.

Provide a product description

  • Product Name and Description must be filled out exactly as they are on your tax invoice.
  • Enter the HSN Code for the Product.
  • Enter the applicable CGST/IGST rates. Inter-state transportation will be subject to IGST, while intra-state transportation will be subject to SGST or CGST.
  • Enter the approximate transportation distance, which will determine the E-way bill’s validity.

Click the “SUBMIT” button to generate your E-way bill.

Documents Required to Generate eWay Bill

When generating an eway bill, the following documents must be presented:

  • Goods consignment invoice or supply challan
  • Transporter ID or vehicle identification number (for transport by road)
  • Transporter ID or vehicle number, as well as document date (for transport by rail)

What are the Advantages of the E-way Bill

If you are wondering how E-way bill are going to be helpful to you and your business, read on-

  • Less documentation
    Transportation of products requires a significant amount of paperwork. Especially when the movement is intra-state or inter-state. With an e-way bill, you don’t have to keep records of any paperwork because the e-way bill keeps a record of everything. Furthermore, it is accessible by transporters.
  • Efficient transportation
    The Eway bill system will improve transportation efficiency and speed. This will progressively aid in the industry’s restructuring. There will be no lines at the checkpoint, and commodities will pass more quickly, resulting in the most efficient use of resources.
  • Budget-Friendly
    This law decreases logistic costs by reinforcing accurate invoicing and, as a result, reduces tax evasion.
  • Easy Generation of E-way Bills
    E-way bills would be made efficiently and quickly, and producing them would not be a huge task. It will be made extraordinarily simple in the near future because the government is working meticulously.

Implemented with the aim of eliminating the need for multiple inter-state transit passes, E-way invoices are very simple to comprehend and apply. Merchants can self-download the e-way bill without much difficulty. The government anticipates this as a step in the right direction.

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