Know about Eway bill in GST

Those in business are required to pay GST to the government. It is important for every entrepreneur and organization, be it big or small to know all about eway bill in GST, the rules to be followed, its format, generation process and validity.

About E-way Bill

Known in short as EWB is considered to be a document that is electronically generated. It is necessary to generate when goods are transferred to different places and when the good value is over Rs.50,000.

The creation of GST is to allow free goods movement all over the country, without undergoing any kind of checking in any of the states.

Who is to generate e way bill gst?

Every tax payer / registered person transferring his goods or causing movement of goods value over Rs.50,000, with respect to supply, other reasons apart from supply or making inward supply made by unregistered person is to generate eway bill. This means that the consignee or the consignor or the receiver or the sender, as a transporter of goods or as registered person is to generate eway bills. Moreover, the unregistered transporter is allowed to enrol with the common portal to generate eway bill to move goods to his clients place. Eway bill can be generated by any person by enrolling and for goods movement for personal use and not for supply purpose.

The waybill can be stated to be a detailed confirmation that is issued by the transporter by providing instructions and details related to shipment of goods consignment. The details generally include consignee name, the consignment’s point of origin, consignor name, good value, its destination, route and tax amount.

According to GST Law, Some rules & section 138 of 2017 CGST rules provides eway bill mechanism. Information is required to be furnished before goods movement commences. It is to be issued, irrespective of the movement being in relation to reasons for other than supply or for supply.

Eway bill format under GST

It is considered to be a legal document that is electronically generated on the portal and is actually a proof of goods movement from one place to the other. The format of eway bill comprises of two parts, namely, Part A & B.

·   Part A: It comprises of details of the following:

o   The recipient’s GSTIN
o   PIN Code (Place of delivery)
o   Challan or invoice number & date
o   HSN Goods
o   Value of goods
o   Reasons for transportation
o   Transport document number

·   Part B: It comprises of the details of the transporter like vehicle number.

According to CGST 2017 Rule 138, every registered tax payer, who causes goods movement or transfers (not necessarily meant for supply, but for other reasons besides supply) of consignment value being over Rs. 50,000 is to furnish the above given information like place of delivery, GSTIN, etc. in the eway bill’s Part A section. Transport details present in Part B help to generate a eway bill.
Therefore, knowing the rules, process and format of the eway GST bill can help people to move their goods to any place without any hassle and pay appropriate taxes.

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