EWAY BILL – Fundamentals

eWay Bill Fundamentals

What you need to know about E-Way Bills
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What is a E-way bill:

The E-way bill is a document required to be carried by a person in charge of the conveyance carrying any consignment of goods of value exceeding Rs. 50,000 as mandated by the Government in terms of section 68 of the Goods and Services Tax (GST) Act. It is generated from the GST Common Portal by the registered persons or transporters who cause movement of goods of consignment before commencement of such movement.

What is Part A Slip:

Part-A Slip is a temporary number generated after entering all the details in Part-A. This can be shared or used by transporter or yourself for entering the Part-B and generate the E-way Bill. This will be useful, when you have prepared invoice relating to your business transaction, but don’t have the transportation details. You can enter invoice details and keep it ready for transportation, once the transportation is ready.

When to Generate Part-A and Part-B:

The taxpayer can enter Part-A details and generate the Part-A slip. Sometimes, the taxpayer wants to move the goods himself but wants to update the Part-B later as vehicle number is not available at that point of time. The E-way bill expects the user to enter transporter ID or vehicle number. So if he wants to move the goods himself, he can enter his GSTIN as transporter Id and generate Part-A Slip. This indicates to the system that he is a transporter and is going to enter Part-B later.

Who Should Generate E-Way Bill:

Every registered person who causes movement of goods of consignment value exceeding fifty thousand rupees in relation to supply; or reasons other than supply; or inward supply from unregistered person shall generate e-way bill. It means, the consignor or consignee, as a registered person or a transporter of the goods can generate the e-way bill. The unregistered transporter can also enroll on the common portal and generate the e-way bill for movement of goods for his clients. Any person can also enroll and generate the e-way bill for movement of goods for his/her own use.

Validity Of the E-way Bill:

The validity of the e-way bill starts when first entry is made in Part-B. That is, vehicle entry is made first time in case of road transportation or first transport document number entry in case of rail/air/ship transportation, whichever is the first entry. It may be noted that validity is not re-calculated for subsequent entries in Part-B. The e-way bill once generated, cannot be edited or modified. Only Part-B can be updated to it. However, if e-way bill is generated with wrong information, it can be cancelled and generated freshly again. The cancellation is required to be done within twenty four hours from the time of generation For more details, you may visit ewaybill4.nic.in.

You may also want to read : Get familiar with eway bills

LOGO JUGNU simplifies E-Way Bill generation

  • Captures all mandatory data for the E-way Bill. For eg. HSN codes, Warehouse address, invoice number, value of goods
  • Reports & history of the E-way bills generated
  • Saves time and decreases human errors

Any views or opinions represented above are personal and belong solely to the author and may not represent those of GSTN or LOGO Infosoft or people, institutions or organizations that the owner may be associated with in professional or personal capacity, unless explicitly stated.