Electronic Way Bill in GST- All You Wanted to Know

GST has brought about a lot of changes in the Indian taxation system. One of the most significant changes is the introduction of Electronic Way Bill (E-Way Bill) for the inter-state and intra-state movement of goods. The E-Way Bill is a digital document that provides the details of the goods being transported, their value, and the tax paid on them. In this article, we will discuss everything that you need to know about Electronic Way Bill in GST.

What is an E-Way Bill?

An E-Way Bill is a digital document that contains the details of the goods being transported, their value, and the tax paid on them. It is generated on the GST portal and is required for the inter-state and intra-state movement of goods. The E-Way Bill is valid for a specific period, depending on the distance that the goods have to travel.

When is an E-Way Bill required?

An E-Way Bill is required for the following:

1. Inter-state movement of goods where the value of the consignment exceeds Rs. 50,000

2. Intra-state movement of goods where the value of the consignment exceeds Rs. 50,000 (in some states, the threshold limit is Rs. 1 lakh)

3. If the goods are being transported by a registered dealer to an unregistered dealer, an E-Way Bill is required irrespective of the value of the consignment

It is important to note that an E-Way Bill is not required for the following:

1. Transportation of goods by non-motorized conveyance

2. Transportation of certain goods like fruits and vegetables, fish, meat, and eggs

3. Transportation of goods that are being transported from the port, airport, air cargo complex, or land customs station to an inland container depot or a container freight station for clearance by Customs

How to generate an E-Way Bill?

An E-Way Bill can be generated on the GST portal by the registered person who is causing the movement of goods. The following details are required to generate an E-Way Bill:

1. Invoice or bill of supply or delivery challan

2. Transporter ID or vehicle number (if the goods are being transported by road)

3. HSN code of the goods

4. Value of the goods and the tax paid on them

5. Details of the recipient of the goods

Once the E-Way Bill is generated, a unique E-Way Bill number (EBN) is generated, which is valid for the duration mentioned in the E-Way Bill.

What are the consequences of not having an E-Way Bill?

If the goods are being transported without an E-Way Bill or with an invalid E-Way Bill, the following consequences can arise:

1. The goods can be seized and released only on payment of the applicable tax and penalty

2. A penalty of 10% of the tax payable on the goods or INR 10,000, whichever is higher, can be levied

Conclusion

The E-Way Bill is an important document that is required for the movement of goods in the GST regime. It is a digital document that provides the details of the goods being transported, their value, and the tax paid on them. An E-Way Bill is required for the inter-state and intra-state movement of goods, and is generated on the GST portal by the registered person who is causing the movement of goods.

Electronic Way Bill in GST is a digital document that provides the details of the goods being transported, their value, and the tax paid on them. In this article, we discuss everything that you need to know about Electronic Way Bill in GST.TaxationGSTelectronic-way-bill-in-gst-all-you-wanted-to-know