From today Eway bill has become mandatory for interstate transportation of goods.
You have to issue E-way bill if moving goods from one state to another and value of consignment is more than Rs. 50,000.
Here is a summary of updates by GSTSathi Manoj Agarwal.
#EwayBill Updates: Mandatory for movement of goods from one state to another from 01/02/2018 (tomorrow).
1] Registered GST Taxpayers can register in the e-Way Bill Portal using GSTIN. Its a very simple process.
2] Unregistered Persons/ Transporters can enroll in the e-Way Bill System by providing their PAN and Aadhaar.
3] Supplier/ Recipient/Transporter can generate the e-Way Bill. The primary responsibility is of the person who causes movement of goods. Means supplier in case of FOR supply and Recipient in case of Ex-Works Supply.
4] Vehicle number can be entered/updated in PART - B of Form EWB - 01 by those who have generated the e-Way Bill or by the Transporter.
5] QR code is provided in the e-Way Bill to facilitate quick verification.
6] Certain goods have been exempted from e-Way Bill and the list is available as Annexure to Rule 138 of CGST Rules.
7] e-Way Bill is not required for transport through non-motorized conveyance.
8] If the e-Way Bill is generated with wrong information it can be cancelled and new e-Way Bill can be generated.
9] Provision for Cancellation of e-Way Bill within 24 hours by the person who have generated the e-Way Bill.
10] The Recipient can reject the e-Way Bill within 72 hours of generation.
11] Alert messages are also issued to the Users through Online and SMS.
12] Contents of PART - A of the Form EWB - 01 can't be edited or modified once generated. PART - B can be updated with Vehicle details/ RR/Airway Bill etc.
13] Consolidated e-Way Bill can be generated by transporter for vehicle carrying multiple consignments. It is optional.
14] The Validity of e-Way Bill is fixed as one day for every 100 Kms or part thereof.
15] The validity can be extended online before the expiry, under special circustances like breakdown, strike, curfew, natural calamity like floods, earthquake, etc.
16] The e-Way Bill with consignment should have the latest vehicle number which is carrying the said consignment.
17] The Users can create their own masters like the list of Customers, Suppliers, Products, and HSN etc.
Very good information on Eway bill. It should be shared by everyone.
People reading it please share on your Facebook or twitter account.
JOIN LARGEST DISCUSSION PLATFORM
Sign up to discuss taxation, accounting and finance topics with experts from all over India.
Join Discussion
