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All you need to know about e way bills

All you need to know about e-way bills

All you need to know about e-way bills
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By CNBC-TV18 Apr 11, 2018 5:50:09 PM IST (Updated)

E-way bill, also known as Electronic Way bill is a document that is required by any person who is transporting any goods that costs more than Rs 50,000.

GST e-way bill, which will be mandatory for all local goods transportation in five states starting from 15 April, 2018, is a step towards electronic billing and making electronic permits mandatory for movement of goods.

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What is an e-way bill?
E-way bill, also known as Electronic Way bill, is a document that is required by any person who is transporting any goods that costs more than Rs 50,000. The details of the e-way bill was mandated in Section 68 of the Goods and Services Tax (GST) Act.
The bill is currently available for any goods movement that is being carried out between more than a single state. The system will be soon made mandatory for all intra-state goods movement though it is already being followed in Karnataka.
The bill can be generated by any registered person while transporting goods to or from a destination. However, if the value of goods being transported is less than Rs 50,000 then the generation of the bill is optional.
In case the supplier fails to issue e-way bill then the transporter will have to generate it. Unregistered persons too are required to generate the e-way bill.
How can one generate an e-way bill?
The bill can be generated by logging in to the e-way portal, where the step by step details of the registration process is also provided.  The bill can also be generated or cancelled through SMS, Android App or by Site-to-Site Integration.
A person doing the registration is required to have Invoice/ Bill of Supply/ Challan related to the consignment of goods. Besides, they should carry ID or number of the vehicle in case of road transportation and related documents if it is through other modes of transport.
Once generated, a unique e-way bill number (EBN) is allocated to the supplier, recipient, and the transporter. The bill is valid usually for one day, but in certain cases based on the distance travelled by the goods this can be extended for another day based on the distance travelled by the goods.
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