{"id":1548,"date":"2018-03-31T21:21:19","date_gmt":"2018-03-31T15:51:19","guid":{"rendered":"http:\/\/financialfunda.com\/?p=1548"},"modified":"2024-07-14T13:23:22","modified_gmt":"2024-07-14T07:53:22","slug":"e-way-bill-all-about-compliance-requirement-of-e-way-bill-w-e-f-1st-april-2018","status":"publish","type":"post","link":"https:\/\/cacube.in\/?p=1548","title":{"rendered":"E-Way Bill: All about compliance requirement of E-Way Bill w.e.f 1st April 2018."},"content":{"rendered":"

What is E-Way Bill?<\/span><\/u><\/b><\/h3>\n

E-way bill is an electronic document generated online from E-way bill portal (https:\/\/ewaybillgst.gov.in\/<\/a>) which is required to be carried by the person-in-charge of conveyance for movement of goods from one place to another. E-way bill document contains 12 digit EWB number. Section 68 of the Central Goods and Services Tax Act, 2017 read with Rule 138 of CGST Rules, 2017 deals with provision relating to E-Way Bill. The Central Government has notified www.ewaybillgst.gov.in as the Common Goods and Services Tax Electronic Portal for furnishing electronic way bill.<\/p>\n

In other words, An e-way bill is a permit generated in electronic form, which is required to be generated and carried along for the movement of goods of value more than Rs. 50,000 from one place to another place. Rule 138 of the CGST Rules, 2017 provides for the e-way bill mechanism and in this context it is important to note that \u201cinformation is to be furnished prior to the commencement of movement of goods\u201d and \u201cis to be issued whether the movement is in relation to a supply or for reasons other than supply\u201d.<\/p>\n

E-way bill is a mechanism to ensure that goods being transported comply with the GST Law and is an effective tool to track movement of goods and check tax evasion. The person in charge of a conveyance shall carry (1) Invoice\/Bill of supply\/Delivery challan\u00a0 <\/span>(2) Copy of E Way Bill.<\/p>\n

What information required for generating E-way Bill?<\/u><\/b><\/h3>\n

An E-Way bill consists of two parts-<\/p>\n

Part A comprising of details of GSTIN of recipient, place of delivery (PIN Code), invoice or challan number and date, value of goods, HSN code, transport document number (Goods Receipt Number or Railway Receipt Number or Airway Bill Number or Bill of Lading Number) and reasons for transportation;<\/p>\n

Part B comprising of transporter details (Vehicle number). \u00a0<\/span><\/p>\n

As per Rule 138 of the CGST Rules, 2017,every registered person who causes movement of goods (which may not necessarily be on account of supply) of consignment value more than Rs. 50000\/- is required to furnish above mentioned information in part A of e-way bill. The part B containing transport details helps in generation of e-way bill. Get ready following documents for generation of E-way Bill:-<\/p>\n

    \n
  1. Invoice\/ Bill of Supply\/ Challan related to the consignment of goods<\/li>\n
  2. Transport by road \u2013\u00a0Transporter ID\u00a0or Vehicle number<\/li>\n
  3. Transport by rail, air, or ship \u2013 Transporter ID, Transport document number, and date on the document<\/li>\n<\/ol>\n

    Who is required to generate E-way Bill?<\/b><\/h3>\n