All you need to know about E-way Bill
- Blog|GST & Customs|
- 2 Min Read
- By Taxmann
- |
- Last Updated on 15 July, 2022
Latest from Taxmann
When one need to have an e-way Bill issued?
For any kind of movement of goods in a vehicle or a conveyance which is of value more than INR 50,000 in single invoice or in terms of aggregate of all invoices, one need to generate e-way bill. This is in relation to a ‘supply’ or ‘return’ or an inward supply from an unregistered person. In certain cases, like below, the E-way Bill must be generated even if the total number of goods is less than INR 50,000: 1. This includes inter-State movement of goods by Principal to Job-worker. 2. Inter-State movement of handicrafts by a dealer who is exempted from any kind of GST registration.
Definition of ‘Supply’ –
It could be supply made for consideration in course of business against some payment. It could be supply for consideration which may not be in course of business against some payment. It could be supply in terms of sale of goods or transfer of goods from one branch to another or exchange of goods without any payments involved.
Who must generate an e-way Bill?
A registered user must generate e way bill whenever there is movement of goods of more than INR 50,000. He may even choose to carry an E-way Bill even if the number of goods for movement is less than INR 50,000 An unregistered person also must generate an E-way Bill however if this supply is being done from an unregistered person to a registered person, then this registered person must ensure the compliance as if they were the supplier. Any transporter, who is carrying goods either by road, air, rail, etc., must generate e-way bill in case its supplier has not generated the E-way Bill.
Validity of e-way Bill:
For over-dimensional cargos, the validity of E-way Bill is one day in case the distance is less than 20 kilometers and it increases by one day for each additional 20 kilometers. However, for other cargos, the E-way Bill is valid for single day in case distance is less than 100 kms and for every additional 100 kms this validity increases by additional one day. There is also provision of extending the validity of E-way Bill which can be done four hours prior to its expiry to four hours after its expiry.
Conclusion:
Inter-State movement of goods has been implemented from 1st April 2018 and slowly all State are adopting it. People have shown good response towards it in various States and Union Territories for the movement of goods within their States and UT. Many states and UT have also provided relief to its people from generating E-way Bill like in Tamil Nadu if the monetary limit does not exceed one lakh rupees then the person is exempted form generating the E-way Bill.
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
CA | CS | CMA
Comments are closed.