Basics of E-Way Bill 2021: Introduction, Generation and Need
Basics of E-Way Bill: Since the roll out of the new regime from 1st July 2017 called Goods and Service tax Act, widely use as GST, the government is using.||Basics of E-Way Bill: Since the roll out of the new regime from 1st July 2017 called Goods and Service tax Act, widely use as GST, the government is using.||Basics of E-Way Bill: Since the roll out of the new regime from 1st July 2017 called Goods and Service tax Act, widely use as GST, the government is using.||Basics of E-Way Bill: Since the roll out of the new regime from 1st July 2017 called Goods and Service tax Act, widely use as GST, the government is using.||Basics of E-Way Bill: Since the roll out of the new regime from 1st July 2017 called Goods and Service tax Act, widely use as GST, the government is using.||Basics of E-Way Bill: Since the roll out of the new regime from 1st July 2017 called Goods and Service tax Act, widely use as GST, the government is using.||Basics of E-Way Bill: Since the roll out of the new regime from 1st July 2017 called Goods and Service tax Act, widely use as GST, the government is using.

Basics of E-Way Bill
E-way bill has two Components-Part A and Part B
- Part – A (Form GST EWB-01) comprising of details of
- GSTIN of recipient, Place of delivery (PIN Code),
- Invoice or Challan and date,
- Value of goods (Qty and rate), HSN code, transport document number (Goods receipt Number or Railway Receipt Number or Airway Bill Number or Bill of Lading Number and reasons for transportation; and
- Part B (GST EWB-01) comprising of transporter details (Vehicle number).
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Need of E-Way Bill
To grow with the vision of becoming super power economy it is important to place rules to curb the tax evasion and E-way bill initiative is one of its which ensure that goods being transported comply with the GST Law and is an effective tool to track movement of goods and check tax compliance. Now let’s understand the practicality of E-way bill Validity of E-way bill- Upto 100 KM - One day
- Every 100km or part thereof - Additional one day from the relevant date
Cancellation of E-way Bill
In normal situation it is necessary to generate an Eway bill before the movement of goods, but there are circumstances where E-Way Bill is generated but due to some reason:- goods are either not transported or
- are not transported according to the details specified in the E-Way Bill
Non- compliance of provision – Consequences thereon:
As per rule 138 of the CGST Rules 2017, tax payer needs to generate E-way bill and if it is not generated, the same will be considered as contravention of rules and tax payer may face consequences for non-compliances. As per Section 122 of the CGST Act, 2017, a taxable person who transports any taxable goods without accompany of required documents (e-way bill) shall be liable to a penalty of Rs.10,000/- or tax sought to be evaded (wherever applicable) whichever is greater.- goods transferred
- vehicle (conveyance) used to transport such goods and
- documents relating to such goods and vehicle (conveyance)
- “X” is the party who has ordered “Y” to deliver the goods to “Z”.
- “Y” is the party who is sending goods directly to “Z” on account of “X”.
- “Z” is the ultimate recipient of goods.
- Tax Invoice -1 would be prepared by “Y” to “X”.
- Tax Invoice -2 would be prepared by “X” to “Z”.
Blocking and unblocking of E-way bill:
Blocking:
Unblocking:
Once the default return period is less than 2 months the system automatically unblock the Eway bill generation and tax payer allows to use the utility of generation of Eway bill. In certain situation e waybill Is Not required to Generate. There are situations where generation of Eway bill it is not mandatory and they are:- In respect of movement of goods within such areas as are notified under rule 138(14) (d) of the SGST Rules, 2017 of the concerned State.
- If the distance is below 10km and the goods transported from seller’s place to the transporter’s place for further transportation.
- Goods being transported through non-motor vehicle.
- The goods transported from airport, air cargo complex and land customs station to an inland container depot or a container freight station. Provided goods are transported for clearance by customs.
- Cases with regards to specified goods such as diamond, jewellery, personal and household effects etc. These goods are prescribed in the list of items for which E-Way Bill is not needed.
- When Value of goods is below Rs. 50,000