E-Way Bill
⇒ An E-way Bill is an electronic document required for the movement of goods worth ₹50,000 or more under the Goods and Services Tax (GST) system. It must be generated before goods are transported either interstate or intrastate (depending on the state rules).
⇒ The E-way bill is generated on the E-way Bill Portal (ewaybillgst.gov.in) and contains details of the goods, supplier, recipient, and transporter, including the vehicle number and distance to be covered.
When is it Required?
- When goods are moved for sale, supply, return, or transfer
- Goods transported by road, rail, air, or ship
- Applicable to registered and unregistered persons, depending on the transaction
Key Components of an E-way Bill:
- Part A: GSTIN of sender & receiver, invoice number, value, HSN, reason for transport
- Part B: Vehicle number or transporter details
How to Generate:
- Login to the E-way Bill Portal
- Fill in Part A & B of the form
- Submit to generate a 12-digit E-way Bill number (EBN)
- Carry a print or digital copy during transport
Non-Compliance Can Lead To:
- Penalties, including ₹10,000 or the tax amount (whichever is higher)
- Seizure or detention of goods and vehicle