What is E-waybill System under GST By CS Divya Bajpai

Dear Professional Colleagues,

E-Way Bill is an electronically generated document which is required to be generated for the movement of goods of more Rs. 50,000 from one place to another.

This document is required to be generated online for transportation of goods irrespective of whether such transportation is inter-state or intra-state. Under the GST Regime, generation of the e-way bill is compulsory from 1st Feb 2018.

Under GST, transporters will need to carry an electronic waybill or E Way Bill when moving goods from one place to another. Since it is a new rule introduced under GST, it is necessary for all consignors/consignees/transporters to be aware of the required compliance.

  • E-waybill:- Electronic waybill for movement of goods, which has to be generated on the GST( Common Portal) for movement of goods worth exceeding rupees 50,000, E-way bill is mandatory
  • Effective Dates:-
  1. From 1st February 2018 , inter-state movement of goods exceeding worth rupees 50,000, E-waybill is mandatory.
  2. From 1st June 2018, intra-state movement of goods exceeding worth rupees 50,000, E-waybill is mandatory.
  • Penalty under E-way bill rules:-

A taxable person who transports any taxable goods without E-way bill shall be liable to a penalty of rupees 10,000 or tax sought to be evaded (wherever applicable) whichever is greater.

  • Contents of E-way Bil (GST EWB-01):-

     Part A:-

  1. GSTIN of Recipient.
  2. Place of delivery.
  3. Invoice or Challan Number.
  4. Invoice or Challan Date.
  5. Value of Goods.
  6. HSN Code.
  7. Reason for Transportation.
  8. Transport Document Number.

Part B:-

  1. Vehicle Number.

CS Divya Bajpai
E-mail: divyabajpaidb@gmail.com

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