An eWay bill is generated or issued for the movement of goods for the users registered under GST. A registered user cannot transport goods valued more than Rs 50,000 without eWay bill. The eWay bill is required to transport all the goods except exempted ones under the notifications or rules.
The movement of handicraft goods or goods for job or work purposes under specified circumstances also requires E-Way bill even if the value of the consignment is less than Rs. 50,000. A person generating an eWay bill must be registered person under the GST portal and the E-way bill portal. Once the eWay bill is issued, it cannot be modified or changed and the validity of the eWay bill is estimated based on the distance entered while generating the eWay bill.
Want to know more on Investment Planning? We at IndianMoney.com will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. IndianMoney.com is not a seller of any financial products. We only provide FREE financial advice/education to ensure that you are not misguided while buying any kind of financial products.
eWay bill is the short form of electronic way bill. It is a unique document which is electronically generated for the specific consignment or movement of goods from one place to another, either inter-state or intra-state and of value more than INR 50,000, required under the current GST regime. The eWay bill is generated in the following cases:
For this purpose, a supply may be either of the following:
1. Sale – sale of goods and payment made
2. Transfer – branch transfers for instance
3. Barter/Exchange – where the payment is by goods instead of in money.
Who should Generate an eWay Bill:
The eWay bill can be generated by the following entities:
SEE ALSO: EPFO Aadhaar Link
eWay bill can be generated on the GST eWay portal. Follow the steps given below to generate eway bill:
See Also: What is E-way bill?
Given below are the instances in which generating eWay bill is not necessary:
SEE ALSO: Features Of Debentures
The validity of an e-way bill depends on factors like distance and type of vehicle. In case of regular vehicle or transportation modes, the e-way bill is generated with a validity of one day for any distance up to 100 kilometers. The validity period expires at midnight at the end of the last day.
Documents or Details required to generate a eWay Bill:
Listed below are the documents that are required to generate a eWay bill:
Have a complaint against any company? IndianMoney.com's complaint portal Iamcheated.com can help you resolve the issue. Just visit IamCheated.com and lodge your complaint. If you want to post a review on any company you can post it on Indianmoney.com review and complaint portal IamCheated.com.
You May Also Watch:
Keep your Financial Cognizance up to date with IndianMoney App. Download NOW for simple tips & solutions for your financial wellbeing.
Be Wise, Get Rich.
This is to inform that Suvision Holdings Pvt Ltd ("IndianMoney.com") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.