E-Way Bill Useful Guideline
In its 22nd meeting, the GST Council decided and recommended that the e-way bill under GST shall be introduced in a staggered manner from 1st January, 2018, and will be rolled out nationwide from 1st April, 2018. However, at the recently concluded 24th GST Council meeting held on 16th December, 2017, it was announced that the e-way bill will be launched from the 1st of February, 2018 – a full two months ahead of the earlier plan.
What is GST E-Way Bill?
Under GST, the process and procedural aspects for the movement of goods are prescribed in the e-way bill rules. E-way bill stands for Electronic Way Bill. It is usually a unique bill number generated for the specific consignment involving the movement of goods. However, it is to be noted that the e-way bill implementation was deferred when GST came into being on the 1st of July, in order to give more time to the government, businesses and transporters to prepare for its full and final implementation. States like Gujarat continued to have Form 402 in GST, and clear rules were laid down as to how to help businesses fill a GST Form 402 online till the implementation of the GST e-way bill is complete.
When is the E-Way Bill applicable?
It is applicable for any consignment value exceeding INR 50,000. Even in case of inward supply of goods from unregistered person, E-Way Bill is applicable.
What is the validity of E-Way Bill?
Less than 100 KM: 1 Day
Every 100 Km or part thereof thereafter – 1 additional day
The validity period will be counted from the time of generation of the E-Way Bill. The validity period of the E-Way Bill may be extended by the commissioner for certain categories of goods, as specified in the notification issued in this regard.
How to generate the E-Way Bill?
Form GST EWB-01 is an E-Way Bill form. It contains Part A, where the details of the goods are furnished, and Part B contains vehicle number.
E-Way Bill Format
The E-Way Bill format in GST comprises of 2 parts – Part A and Part B.
The Part A of E-Way Bill in Form EWB 01 aims to collect the details of consignment, usually the invoice details. Accordingly, the following details need to be captured.
GSTIN of Recipient: Mention the GSTIN number of the recipient.
Place of Delivery: Here you must mention the Pin Code of the place where goods are delivered.
Invoice or Challan Number: Mention the Invoice or Challan number against which the goods are supplied.
Value of Goods: Mention the consignment value of goods.
HSN Code:Enter the HSN code of goods which are transported. If your turnover is up to INR 5 crores, you need to mention the first 2 digits of HSN code. If it is more than INR 5 crores, 4 digits of HSN code are required.
Reason for Transportation: The reason for transportation is pre-defined and you need to select the most appropriate option from the list. The pre-defined list contains the following options as shown in the table below.
Transport Document Number: This indicates either one of the Goods Receipt Number, Railway Receipt Number, Airway Bill Number or Bill of Lading Number.
In Part B of Form EWB 01, the vehicle number in which goods are transported needs to be mentioned. This will be filed by the transporter in the common portal.