The e-way bill can be considered as the short form of electronic waybill which is a very unique document or bill and has been electronically generated for specific kind of movement or consignment of goods from one place to another. This has to be generated in both the cases whether in the cases of interstate or intrastate transfers and has to be done in the cases of where the value of goods exceeds Rs.50,000 and it has been required under the current GST regime of the government. E way bill software is very well available across the globe nowadays so that people can achieve the advantages of efficiency as well as simplified operations very easily. The generation of e-way bill has been made very much compulsory from the first of April 2018 and the implementation of this particular type of system has brought multiple benefits across the whole nation.
Following are the categories of the people under this particular system:
- The registered person: This particular person who is registered under the GST when will indulge into the movement of goods or consignment has to generate the e-way bill the form of GSTEWB01 electronically of the common portal. Whenever the registered person will cause movement of goods through transportation by road then this particular bill has not to be generated because it will be the transporter who will be generating this particular type of bill. It is very important to fulfil the furnishing of information on the end of the registered person so that there is no issue at the later stage.
- The unregistered person: Whenever this particular type of person will cause the movement of goods then this particular type of bill has to be generated either by the unregistered district person or the transporter. Whenever the unregistered person will transport the goods to the arrested person and the person is known to the unregistered person then it will be considered that unregistered person is not moving that consignment rather registered person is moving it. Hence, the registered person or the transporter will be fulfilling all the formalities in all these kinds of cases.
Most ideally this particular type of bill has to be generated before the commencement of the movement of goods which are above the value of Rs.50,000. The movement of goods will be either about a supply or reason associated with the supply from the unregistered person. Various kinds of purposes include the consideration of this particular type of bill so that payment and other processes become very much simplified at the end. This particular bill has been categorised into two parts which are part A and part B. The part includes the details of the consignment for the example invoice number, value of goods, reason for transportation, GST number of the receiver, transportation document, HSN code, place of delivery and several other kinds of things. On the other hand, the part B of this particular form includes the details of the vehicle number of the transported goods. This particular type of information has to be completed into the common portal so that multiple benefits can be easily availed in the long run. The whole process includes following several kinds of steps to ensure that everything has been correctly carried out. Following are some of the very basic points associated with the generation of e-way bill:
- The cases in which the e-way bill is not required:
- All the cases which are delivered by the conveyance used is a non-motor vehicle.
- When the goods or consignment has to be transported from the airport, customs land and several other kinds of areas for the custom clearances.
- The transportation of a certain amount of goods.
- If the goods are being transported in the same state or a distance of less than 10 km from business place to the transporter.
- If the goods are being transported into the same state from the place of consignor to the place of transporter within the range of 10 km.
- The validity of the Bill:
The validity period of the Bill will always begin from the time of the creation of the bill. For the distance which has been travelled less than a hundred kilometres the bill will be valid for one day and every hundred kilometres after that the bill will be valid for an additional one day. The commissioner also has the power of extension of the validity of the bill for a specific category of goods on the special demand of the consignor or transporter.
- The documents required for bill generation:
- The invoice, delivery challan for the supply of the goods consignment.
- Roadways transportation also needs a transporter ID and vehicle number of the person.
- In the cases of air, ship or rail transportation people also need the ID of the transporter along with document number and the document date
- The penalty in the cases of failing to generate the bill: In case any of the suppliers fails to generate the bill then it becomes the responsibility of the transporter to obtain it in any way. In case the transporter also fails to perform his or her duty then he or she might face the penalty of approximately Rs.10,000 or tax assumed. Further, they will also be liable for the confiscation of the goods and the seizure of the vehicle as well. Hence, it is very important to take all these kinds of things very seriously to ensure efficient and effortless transportation of goods from one place to another.
- Multiple consignments transported into a vehicle: In case multiple consignments are sent into a single-vehicle then transporter also needs to generate one consolidated bill through the portal which will further have series of numbers of every individual bill per consignment. This particular process is also known as transhipment.
Hence, the implementation of the E-invoicing and the best e-way bill system is very important to be taken into consideration by the concerned people so that they simplify their overall process and undertake it very smoothly. In case any of the business owners want to achieve the advantages of efficiency then they must pay proper attention to all the above-mentioned points next time they transport the goods.