In this article we are going to discuss What is E-Way Bill, When it is required to be issued, Who can issue it, and when it is not required to be issued.
What is E-Way Bill?
E-Way bill refers to the Electronic way Bill. It is a document required to be carried by the transporters while moving goods of value exceeding fifty thousand rupees from one place to another. The E-way Bill can be generated on the E-way Bill portal by the registered person or the transporter. On generation of E-way bill, a unique E-Way Bill number (EBN) is generated which is available to the supplier, recipient and the transporter.
When is E-Way Bill required to be issued?
E-way bill is to be issued when the value of goods to be transported is more than Rs. 50,000. E-way bill will be issued in case of supply of goods, the return of goods or when receiving supplies from unregistered persons.
For certain specified Goods, the E-Way bill needs to be generated mandatorily even if the Value of the consignment of Goods is less than Rs. 50,000
E Way Bill is required for Inter as well as Intra State however, For Intra State Movement value for E Way Bill may Vary State by State. For example- In Delhi the limit for E-Way bill for Intra State Movement is Rs. 1,00,000.
Who can issue an E-Way Bill?
The E-Way Bill can be issued by registered supplier/receiver, unregistered person or a transporter , if both the supplier and the receiver are not registered.
Registered Supplier/ Receiver – It is necessary to generate E-way Bill when there is a movement of goods of more than Rs 50,000 in value. For A Registered person or the transporter may choose to generate and carry eway bill even if the value of goods is less than Rs 50,000.
Unregistered Persons – The generation of e-Way Bill is required when supply is made by an unregistered person to a registered person, in such a condition the receiver will have to ensure all the compliance are met.
Transporter – The Transporters who are carrying goods by road, air, rail, etc. also need to generate e-Way Bill in case the supplier has not generated an e-Way Bill.
When is E-Way Bill not required?
There are many situations under which an E-way Bill is not required.
( CA Final Student)