E-WAY BILL

GST e-way bill acts as a document issued by the GSTN which consists of details pertaining to the shipment and information about the consignor and consignee. E-way bill is mandatory for all consignments that have a value of more than Rs.50,000.  E-way bill is mandatory from 1st April 2018 for all inter-state transport of goods. In this article, we look at the most important points you must know about e-way bills.

E-Way bill is a document required to be carried by a person in charge of the conveyance carrying any consignment of goods of value exceeding fifty thousand rupees as mandated by the Government in terms of Section 68 of the Goods and Services Tax Act read with Rule 138 of the rules framed thereunder. It is generated from the GST Common Portal for eWay bill system by the registered persons or transporters who cause movement of goods of consignment before commencement of such movement.

How it is genetated

• An e-way bill contains two parts- Part A to be furnished by the person who is causing movement of goods of consignment value exceeding Rs.50,000/- and part B (transport details) to be furnished by the person who is transporting the goods.
• Where the goods are transported by a registered person - whether as consignor or recipient, the said person shall have to generate the e-way bill by furnishing information in part B on the GST Common Portal for eWay bill system.
• The details of e-way bill generated shall be made available to the recipient, if registered, on the common portal, who shall communicate his acceptance or rejection of the consignment covered by the e-way bill. In case, the recipient does not communicate his acceptance or rejection within seventy- two hours of the details being made available to him on the common portal, it shall be deemed that he has accepted the said details.