What is the E-way bill under GST?
E-way bill under GST is an electronically generated bill which will be required for the movement of goods, if the value of such goods exceed INR 50,000 as a result.
First of all, this bill has to be generated from the GSTN portal in FORM GST INS-01 and it is mandatory for the movement of goods. Therefore, In the case of multiple consignments, the transporter needs to generate a consolidated e-way bill.
When a person transfers goods from one vehicle to another, the transporter shall generate a new E-way bill. The generation and cancellation of this bill are also permitted through SMS.
E-way bill has also be generated when there is a movement of goods:
- In relation to a ‘supply’.
- In a case of return of goods.
- If a registered person buys goods from an unregistered person
Who originates these bills?
First of all ,the duty to originate the E-way bill vary in every operation situations. If it is a business or the company it is a duty to fulfill ‘Part A’ and ‘Part B’ details connected with E-waybills.
also, It’s mandatory to issue an E-waybill for transporting the goods worth above Rs. 50,000.
The consignee or consignor is transporting goods alone. They need to originate an E-waybills for transferring goods. The transport system can be Airways, roadways or railways. The vehicle’s ID and Number need to mention for transporting goods through vehicles.
The transport system can be Airways, roadways or railways. The vehicle’s ID and Number need to mention for transporting goods through vehicles.
How to originate E-way bills?
In the above, we have seen the originators of GST E-way bills. The registered and unregistered supplier have to fill in Part -A details or Part -B details and in many situations both of the details.
The transporter has to mandatory fill Part- B details. The people who originate GST E-way bills are the transporter, supplier and the recipient. In a different situation, they have to file different parts of bills.
For origination of GST E-way bill you have to follow steps :
Step 1:- First of all, Acquire about the GST E-way bill origination portal and enter the log in detail.
Step 2:– Click on the option Main menu page you will find Generate New from the E-Way bill.
Final Step 3:– Have a look on the screen you will see a new bill generation form. Fill all the required details for generating a GST invoice. Select inward if you are a receiver. Select outward if you are a supplier. Enter details of the receiver and supplier with GSTIN. Check all the details for proceeding to the next step.
Step 4:- The other half of the page will ask information about:
- The approximate distance of transport. It connects to the validity period of the bill.
- Also, the HSN code for goods needs to be mention.
- Product Name and the description mentioned should be similar to the Tax Invoice.
- Finally, CGST is intrastate transport and IGST is interstate transport. Rates need to be reachable as per CGST or IGST.
Step 5:– Finally, click the submit button to originate the bill. It will display the QR Code and bill number which has the details in a format.
The hard copy of the bill will be given to the transporter. The transporter can carry out the bill for transferring the goods to the recipient.
Step 6:- A combined bill mentions all the details on the transaction. It is simple to originate by giving an E-way bill number in the needed field. Finally, click on the submit button to originate the combined bill.
Goods on which E-way bill is not applicable
While some of the items of Mass Consumption are out of the ambit of the E-way bill and include:
- Fruits and Vegetables
Special cases which do not require e-way bill:
- first of all, goods transported by a no motorized conveyance.
- Also, the goods are being transported from the airport, port or customs stations to an inland container depot or a container freight station for clearance by customs.