E-Way Bill in GST
The E-Way Bill under GST is a mandatory electronic document generated on the GST portal for transporting goods worth over ₹50,000, aimed at ensuring transparency, preventing tax evasion, and streamlining logistics in India.Discover how our tech solutions can transform your business. Explore our features and take your business to new heights.
Overview
E-Waybill in GST
The E-Waybill system is a crucial component of the Goods and Services Tax (GST) framework introduced in India to regulate the movement of goods and curb tax evasion. An E-Waybill is an electronically generated waybill containing details of goods being transported, including the consignor, consignee, value, and transport vehicle information. It is mandatory for the movement of goods valued above ₹50,000 either within a state (intrastate) or between states (interstate).
The primary objective of the E-Waybill is to ensure transparency and accountability in goods transportation. Under the previous tax regime, there was limited real-time tracking, which allowed for tax evasion and fraudulent declarations. The E-Waybill system addresses these issues by making it compulsory to generate a unique E-Waybill number (EWB number) via the GST portal before dispatching goods.
Transporters, suppliers, or recipients can generate the E-Waybill. The document must accompany the goods during transit and is subject to verification by tax authorities. Non-compliance, such as moving goods without an E-Waybill or with incorrect information, attracts penalties and seizure of goods.
Overall, the E-Waybill system facilitates easier movement of goods, reduces administrative bottlenecks, enhances compliance, and strengthens India’s tax infrastructure under GST.
Eligibility
In India, under GST, the registration for E-Way Bill is mandatory for businesses involved in the movement of goods valued over ₹50,000. This applies to both registered and unregistered taxpayers transporting goods across states or within a state. Transporters and consignors must generate an E-Way Bill for the movement of goods by road, rail, air, or ship. Certain categories like exempted goods or specific commodities may be excluded. Businesses involved in inter-state or intra-state transport of goods exceeding the threshold value must register on the E-Way Bill portal to generate the required document for smooth compliance and legal transport.
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Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast
Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast