In this article, we will explain in detail what Is E-Way Bill? E-Way Bill Rules that need to be followed, and also show you the process of generating an E-Way Bill online. E-Way Bill Rules And Generation Process. The Government of India has introduced the E-Way Bill (EWB), particularly with regard to the transportation of goods from one region to another in the country. On April 1, the e-way (electronic way) invoice system under GST (Goods and Services Tax) for the inter-state movement of goods came into force here. As stated by the Central Board of Indirect Taxes and Customs (CBIC), the GST e-way invoice is a record required to be carried by anyone in the price of the conveyance carrying any freight of goods priced over Rs . 50,000. E-way invoices can be created from the GST commonplace platform for e-way invoice devices on the ewaybillgst.gov.in website by means of registered men and women or by means of CBIC knowledgeable carriers who plan to transfer consignment goods before such movement is completed.
An electronic invoice is the full form of the E-Way bill process. Therefore, the E-Way bill is mandatory for both inter- and intrastate transport to transport goods. It is actually placed just as the call indicates that it is an electronic record created from the ewaybillgst.gov.in e-manner bill portal that demonstrates the movement of goods. It is essentially a GST enforcement mechanism whereby the character inflicting the movement of products (consignor / seller) uploads the related statistics prior to the beginning of the movement of products in the manner of a virtual interface and generates an e-waybill on the GST portal. It includes the following information, such as:
Criteria for Generating E-Way Bill
According to Section 68 of the GST Act, it is mandatory that the authorities may also require the person sporting any consignment of products with a fee greater than Rs 50,000 to keep with him such files and gadgets as may be prescribed, the CBIC specified in the circular. In such specified cases, Rule 138 of the CGST (Central Goods and Services Tax) Regulations, 2017 prescribes the e-way invoice as the documentation to be carried for the consignment of goods.
E-way Bill Benefits
There are several advantages to the e-way invoice mechanism, which can be summarised as follows:
* The E-Way Bill would enable faster flow of products.
* As the check-post has been removed, it would increase the delivery time for cars. Thus, in addition to rising the distance travelled, the logistics industry would have some benefit by minimising travel time and expenses.
* It is a user-friendly method for producing E-Way bills, which suggests that it is not required to go to the e-Way bill department for the same reason as the new mechanism for the E-Way bill. The e-way invoice can be created online immediately.
* The whole system is online, eliminating tax avoidance as a result.
Ways to get an E-Way Bill Registration
There are a few different methods by which you can conveniently register on the official government site for an E-Way Bill. These are included below:
Website (government official website: https:/ewaybillgst.gov.in/)
From your mobile phone via direct SMS
Using the app available on the Google PlayStore for Android devices
By visiting online third-party GST provider pages
Simply visiting the official website will easily generate the E-Way Bill online. The procedure for accomplishing this assignment is given below:
Phase 1: Access the website https:/ewaybillgst.gov.in from your web browser and go to the login tab.
Phase 2: You are needed to include the required information on the login page, such as a username and password, then check the Captcha code to proceed.
Phase 3: You will be automatically redirected to the E-Way Bill portal upon successful verification of the information you provided during sign-up.
Phase 4: You are required to click the E-Way Bill option on the E-Way Bill portal.
Step 5: You will be presented with the E-Way Bill Entry Form EWB-01 on your screen when you have selected the E-Way Bill option on the portal.
Phase 6: Now, in the segment on Supply, choose:
I Outward- If you are a supplier, choose this choice.
(ii) Inward: If you are a recipient, choose this choice
Step 7: After that choose the form of your transaction in the Sub Type option
Step 8: Next, you are required to choose the type of document:
At this point, you must choose the type of document you will use for the purpose of generating E-Way Bill,
Step 9: You will need to provide the “document number” along with the document date of the respective documents that you selected in the document type above.
Step 10: In this step, you are required to provide the details of the location where the merchandise has been dispatched from and where it is to be delivered. The details here include:
* Pin code
Step 11: Next, you are required to enter information about the merchandise. These include:
* Product Name
* Product Description
* HSN Code
* Product Quantity
* Tax Charged
* Rate of Tax