Electronic Way Bill or EWB is an online document that is generated for the transportation of goods. EWB is generated for the movement of goods worth more than Rs. 50,000. The EWB system was introduced for the transportation of goods in the GST regime. The EWB system is an important aspect of the GST system, as it ensures that the transportation of goods is done smoothly and efficiently. In this article, we will discuss everything you need to know about the EWB system.
An E-Way Bill is an electronic document that is generated for the transportation of goods. It contains details about the consignment, such as the name of the consignor and the consignee, the goods being transported, the vehicle number, and the distance to be traveled. The E-Way Bill is generated online on the GSTN portal by the registered person or the transporter.
An E-Way Bill is required to be generated by the registered person who is causing the movement of goods. In case the registered person is unable to generate the E-Way Bill, the responsibility falls on the transporter who is transporting the goods. If neither the registered person nor the transporter can generate the E-Way Bill, the recipient of the goods must generate the E-Way Bill.
An E-Way Bill is required to be generated when there is a movement of goods worth more than Rs. 50,000. The E-Way Bill is required to be generated before the commencement of the movement of goods. The validity of the E-Way Bill is dependent on the distance that the goods are to be transported.
An E-Way Bill can be generated online on the GSTN portal. To generate an E-Way Bill, the registered person or the transporter must provide details about the consignment, such as the name of the consignor and the consignee, the goods being transported, the vehicle number, and the distance to be traveled. Once the details are provided, the E-Way Bill is generated, and a unique E-Way Bill number is assigned to it.
If an E-Way Bill is not generated for the transportation of goods worth more than Rs. 50,000, the goods cannot be transported. The vehicle carrying the goods can be detained by the authorities, and a penalty can be imposed. Therefore, it is important to generate an E-Way Bill for the transportation of goods worth more than Rs. 50,000.
The validity of an E-Way Bill is dependent on the distance that the goods are to be transported. For a distance of up to 100 km, the validity of the E-Way Bill is one day. For every additional 100 km or part thereof, the validity of the E-Way Bill is an additional day. For example, if the distance to be traveled is 350 km, the validity of the E-Way Bill is three days.
The E-Way Bill is an important aspect of the GST system, as it ensures that the transportation of goods is done smoothly and efficiently. It is required to be generated for the movement of goods worth more than Rs. 50,000. The E-Way Bill can be generated online on the GSTN portal. The validity of the E-Way Bill is dependent on the distance that the goods are to be transported. Failure to generate an E-Way Bill can result in detention of the vehicle carrying the goods and a penalty can be imposed.
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