An E-way bill refers to a document or receipt produced by a carrier having GST Registration that provides details and instructions on the delivery of the products, and the details are names of the delivery agent, destination and route, the point of origin of the delivery. In this article, we’ll learn how to Generate An E-way Bill.
The E-Way Bill is a conformity mechanism whereby the moving person submits the appropriate data via a digital interface before moving goods and creates an e-way bill from the GST portal that makes the GST Return Filing easy.
What is an E-Way Bill?
E-way bill is an online journal that records the movement of goods and is generated through the GST portal. It comprises a component of Part A which includes the details of the recipient’s GSTIN, location of delivery (PIN code), number and date of the invoice or challan, the value of goods, HSN code, the number of the transport document, and the reasons for the transport; part B comprises the transport details; the part B comprises the details of the recipient’s goods GSTIN; (Vehicle number).
An e-way bill has two parts- Part A to be provided to the person responsible for moving goods with a value surpassing the value of Rs. 50,000/- and Part B (informative details of transport) to be provided to the person carrying the goods. If the products are carried as the consignor or recipient by an individual having GST Registration, that person is required to generate the e-way charging in part B on the GST common site.
You can learn more about E-Way Bill by visiting – E-waybill guide.pdf
Who should Generate it?
Any individual having GST Registration causing goods to move (that may or may not be for supply) with a consignment value of more than Rs 50000/- shall, following Article 138 of the CGST Rules of 2017, must submit and carry the e-way bill. If the transport occurs in a private or hired conveyance or through railways by air or by boat, the E-way bill shall be generated by a consignor or consignee himself. When the products are transferred to a transport carrier by road, the transport carrier shall generate an E-way bill. If the e-way bill is not generated by both the shipper and the receiver, with the value of the products above Rs.50,000/- then it is the transporter’s responsibility to generate it.
Furthermore, it was specified that the e-way bill shall be generated shall is generated on the principal, independent of the size of a shipment when commodities are transported by a principle in a single State to a worker located in another State.
In addition, where handmade products are carried from one State to the other, the bill shall be generated by such a person, irrespective of the value of the shipment, for the commodities exempt from the necessity for GST registration.
Steps to Generate an E-Way Bill
The GST E-Way Portal allows the creation of the e-Way bill step by step. To use the platform, you will need to have the GST registration.
Step 1: Go to https://ewaybill.nic.in/ and enter your login information to gain access to the E-Way bill creation platform.
Step 2: To establish a new E-Way account, click on the ‘Generate New’ option on the E-Way bill main menu page.
Step 3: A new form for generating bills from EWB will be provided. Fill in the necessary details to create a GST invoice.
Choose the source from outside and the receiver from inside. Enter details, where appropriate, of the supplier and recipient with GSTIN.
If a registered GSTIN is entered in the form field, further details are pulled into the vacant fields. Check the details before you start the next step.
Step 4: Fill in the information in the second half of the page as follows:
- Similar to a tax invoice, the Product Name and Description must be filled in.
- It is necessary to input the HSN Code for the product.
- The quantity of product.
- The value as well as the tax rate of products.
- Rates of IGST and CGST may apply. For interstate transportation, the IGST would apply, whereas intrastate transportation would be subject to the SGST/CGST.
- Transporter Name and ID, as well as the approximate distance, traveled. The E-Way bill’s legality will be determined by this.
Step 5: Now, it’s time to generate the E-way bill
After all the conditions have been met, click on “SUBMIT” to generate the EWB. The website shows the e-Way bill with the e-Way bill and the QR code, all-digital information being included. You must provide the carrier who carries the bill throughout the journey with a printed copy until it is handed to the receiver.
Step 6: Create a consolidated E-way Bill
By simply entering the ‘E-Way bill number’ in the required section, a consolidated EWB may be created that contains all transaction details and is uncomplicated to make. Click “SUBMIT” to create the combined EWB.
Once it’s produced, an E-Way bill can be amended. In an E-Way bill, existing details may be updated on the transporter, consigner, and GSTIN of both parties provided that it is not related to the bill’s validity.
E-Way Bill not required for Transportation of ‘Used Personal Vehicle’
Moreover, If you want any other guidance relating to GST Registration or GST Return Filing, please feel free to talk to our business advisors at 8881-069-069.
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