December 17, 2021

GST E-Way Bill is an electronic bill which will be required for the movement of goods in case the value of the goods are above fifty thousand rupees. The bill can be generated from the GSTN portal.

There are various rules and regulations issued by the CBEC for the handling of e-way bill. Central Board of Excise and Customs (CBEC) has proposed a GST E-Way Bill in the event of transiting goods above INR 50,000 under the GST regime. This will ask for online registration of the goods consignment and this will give the tax authorities a right to inspect the element anytime, if suspected of a tax evasion.

Who is required to acquire an E-Way Bill

Every registered person who causes movement of goods of consignment value exceeding fifty thousand rupees —

(i) In relation to a supply; or

(ii) For reasons other than supply; or

(iii) Due to inward supply from an unregistered person,

has to generate an e-way bill.

Where an e-way bill has been generated under this rule, but goods are either not being transported or are not being transported as per the details furnished in the e-way bill, the e-way bill may be cancelled electronically on the common portal, either directly or through a Facilitation Centre notified by the Commissioner, within 24 hours of generation of the e-way bill. An e-way bill cannot be cancelled if it has been verified in transit.

Validity of E-way bill

An e-way bill or a consolidated e-way bill generated under this rule shall be valid for the period as mentioned from the relevant date

For the purposes of this rule, the “relevant date” shall mean the date on which the e-way bill has been generated and the period of validity shall be counted from the time at which the e-way bill has been generated.

The Commissioner may, by notification, extend the validity period of e-way bill for certain categories of goods as may be specified therein.

In case the recipient of goods being transported is registered, the details of e-way bill generated shall be made available to the recipient, on the common portal. He has to communicate his acceptance or rejection of the consignment covered by the e-way bill within seventy two hours of the details being made available to him, after which it shall be deemed that he has accepted the said details. The facility of generation and cancellation of e-way bill may also be made available through SMS.

Situations where E-Way bill is not required before Movement of goods

  • Where the goods are being transported by a non-motorized conveyance

  • Where the goods are being transported from the port, airport, air cargo complex and land customs station to an inland container depot or a container freight station for clearance by customs

  • Where goods being transported are specified in CGST Rules 2017 [Eg. Vegetables, fruits, food grains etc.]

That is all we had to share about the E-Way Bill. For more queries, feel free to contact us.

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