E-way bill from February 1

E-way bill from February one

Coming February onwards transporters won’t need separate passes for moving product from one state to a different as a result of the e-way bill issued to them are valid throughout India.

Under the goods and Services Tax unrolled from July last year, inter-state movement of products beyond ten kilometers, with a worth of Rs 50,000 and higher than, can obligatorily need an e-way bill from February one.

E-way Bill can be generated electronically

Taxpayers and transporters needn’t visit any tax office or check post because the e-way Bill may be generated electronically in a very self-service model.

The e-way bill system has already been enrolled in 10 states and joined e-way bill platform — Karnataka, Rajasthan, Uttarakhand, Kerala, Haryana, Bihar, Maharashtra, Gujarat, Sikkim, and Jharkhand.

The new feature by Gov of India permits generation of the e-Way bill on the portal, through mobile App, through SMS, and for large users.

E-Way Bill

ALL you would like to understand regarding E-WAY BILL

What is an e-way bill?

E-way bill is an electronic document generated on the GST portal evidencing movement of products.

Each registered one who causes movement of products (which might not essentially be on account of supply) of consignment price over Rs 50000 is needed to furnish the small print of GSTIN of receiver,  delivery place, invoice or challan number and date, price of products, HSN code, transport document number (Goods Receipt number or Railway Receipt number or Airway Bill number or Bill of loading Number) and reasons for transportation and transporter details (Vehicle number).

What is an E-Way Bill
Who should generate it and why?

 

E-way bill is generated by the product seller or receiver himself if the transportation is being done in own/hired conveyance or by railways by air or by road.

If the products are handed over to a transporter for transportation by road, the bill is generated by the transporter. where neither the consignor nor receiver generates the e-way bill and the price of products is more than Rs.50,000 it shall be the responsibility of the transporter to come up with it.

Purpose of e-way bill

E-way bill may be a new feature to make sure that product being transported comply with the GST Law and is an efficient tool to trace the movement of products and check evasion.

Validity of e-way bill
The validity of e-way bill depends on the distance to be traveled by the products. For a distance of less than 100 km, the e-way bill is valid for a day from the relevant date. for each 100 km thenceforth, the validity is extra one day from the relevant date.

The “relevant date” shall mean the date on that the e-way bill has been generated and therefore the period of validity shall be counted from the time at that the e-way bill has been generated and every day shall be counted as a day.

What if the product can’t be transported within the period?

In general, the validity of the e-way bill can’t be extended even a day without official intimation. However, Commissioner could extend the validity period only by way of issue of notification for sure categories of products.

Cases where e-way bill isn’t required

According to CBEC, there are some exceptions to e-way bill demand. It said: “No e-way bill is needed to be generated within the cases where product being transported by a non-motorised conveyance; product being transported from the port, airport, air cargo complex and land customs station to an inland container depot or a container freight station for clearance by Customs; and once Consignment price is a smaller amount than Rs fifty,000 among others.”

GST
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Certicom Consulting [ Kedia Arpana & Co ] is a group of Chartered Accountants in the business of Small Business Setup & Statutory Compliance including for Professionals for the past 15 years. We have been an established and popular company with an excellent track record for the best customer satisfaction.

Certicom Consulting

Certicom Consulting [ Kedia Arpana & Co ] is a group of Chartered Accountants in the business of Small Business Setup & Statutory Compliance including for Professionals for the past 15 years. We have been an established and popular company with an excellent track record for the best customer satisfaction.