What is E-way Bill | Electronic way bill | Limits

What is E-way Bill ?

E-way Bill is a mechanism where the person supplying the goods from one place to another generates the  bill electronically by providing relevant information prior to the movement of Goods. In simple, E-way bill is an electronic document generated on the GST portal evidencing movement of goods.

E-way bill is generated electronically in form GST EWB 01 on the common portal (www.ewaybillgst.gov.in). As per Sec. 68 of CGST Act including Rule 138 of CGST Rules, 2017, any person who is carrying any consignment of Goods, have to carry E-way bill.

 

Minimum limit required for generating E-way bill

As per section 138(3) of CGST Rules, the registered supplier is required to generate e-way bill when there is a movement of goods of consignment value exceeding Rs. 50,000. 

When E-way bill needs to be issued below Rs. 50,000?

• When Inter-State transfer of goods made by principal to job-worker.

• When Inter-State transfer of handicraft goods made by a person exempted from obtaining registration. 

Parts of E-way Bill

Part A :- Part A of E-way Bill includes the following detail:

• GSTIN of Supplier and Recipient
• Place of Delivery
• Date    
• Tax Invoice
• Bill of Supply
• Value of Goods
• HSN code

 Such details are required to be furnished by a registered person who is causing movement of goods.

Part B :- In Part B, the person who is transporting the goods, is required to furnish transport details including Bill of Lading Number, Vehicle number, Transporter document number.

When E-way bill will be cancelled?

 

The E-way Bill may be cancelled electronically on the common portal within 

24 hours of generation of E-way Bill.

However, an e-way bill cannot be cancelled if it has been verified in transit.