An e-Way Bill is an essential electronic document mandated under GST for the transportation of goods valued above ₹50,000. It includes details of the goods, the supplier, the recipient, and the transporter, ensuring transparency and compliance in logistics operations.
What is an E-Way Bill?
The e-Way Bill system facilitates the movement of goods across states and within states, requiring businesses to generate it through the e-Way Bill login. This document is integral for reducing tax evasion and improving the ease of doing business.
Key Components of an E-Way Bill
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Part A: Contains essential details like invoice number, value of goods, GSTIN, and recipient information.
- Part B: Includes transport-related details such as vehicle number and transporter ID.
Rules and Applicability of E-Way Bills
Threshold Limits
- Required for goods valued above ₹50,000.
- Interstate limits vary by state and can extend up to ₹1,00,000 for certain categories.
Exemptions
- No e-Way Bill is needed for exempt goods like fresh vegetables and fruits.
- Distances under 50 km for intra-state movement (specific to the state rules).
How to Generate an E-Way Bill
Steps to Generate an E-Way Bill Online
- Log in: Access the official e-Way Bill Portal.
- Enter Part A Details: Include GSTIN of supplier and recipient, value of goods, and HSN code.
- Fill Part B: Provide transport vehicle number and transporter ID.
- Generate and Share: Download and share the e-Way Bill with the transporter.
Additional Features
The portal offers options to update vehicle details, cancel incorrect bills, and track consignments in real time.
E-Way Bill Validity and Extension Rules
- Validity: Up to 100 km: 1 day. For every additional 100 km, add 1 day.
- Extension: Validity can be extended for delays caused by vehicle breakdown or natural calamities.
Benefits of E-Way Bill Portal
- Streamlined logistics with a user-friendly dashboard.
- Real-time tracking of goods.
- Reduction in compliance errors with automated systems.
- Quick access to cancel or reject incorrect bills.
FAQs on E-Way Bills
1. When is an e-Way Bill mandatory?
For transporting goods exceeding ₹50,000 in value across state or within state limits.
2. What happens if an e-Way Bill expires?
Failure to extend an expired bill may lead to penalties and seizure of goods. Always extend validity before expiry.
3. Can I generate multiple e-Way Bills for the same invoice?
No, multiple bills are not allowed. Modify the existing bill if necessary.
Best Practices for E-Way Bill Compliance
- Ensure all details are accurate before submission.
- Update vehicle details immediately in case of changes.
- Download and keep a hard copy of the bill during transit.
