GST – 10 points that you should know about E-Way Bills

1) E-Way Bill will be required for movement of all goods, whether within the state or across states.

2) E-way bill will be generated by registered supplier of goods only if the value of goods moved exceeds Rs 50,000/ in value.

3) In case of Unregistered supplier of goods, e-way bill will be generated by registered recipient of goods.

4) Information is to be furnished in Part A of Form GST INS-01, in electronic manner only before commencement of movement of goods.

5) If the consignor of goods has not generated e-way bill then the transporter has to generate Form GST INS-01 on the basis of invoice or bill of supply or delivery challan, if the value of goods is exceeding Rs. 50,000

6) When an e-way bill is generated a unique e-way bill number (EBN) is allocated and is available to supplier, recipient, and the transporter.

7) Validity period of the e-way bill, which is dependent upon the distance involved for transport of goods-

Sr.no Distance Validity period
1. Less than 100 km One day
2. 100 km or more but less than 300 km Three days
3. 300 km or more but less than 500 km Five days
4. 500 km or more but less than 1000 km Ten days
5. 1000 km or more Fifteen days

 

8) The details which are filed in Part A of Form GST INS-01 shall be made available to the registered recipients on the GST portal. The recipient can accept or reject such the consignment covered by e-way bill

9) If the goods are not being transported or not being transported as per the details furnished in a e-way bill then such e-way bill may be cancelled within 24 hours of its generation.

10) The facility of generation and cancellation of e-way bill may also be made available through SMS.

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