E-way bill, or electronic waybill, is a document that needs to be generated by registered GST taxpayers. This bill is mandatory for businesses that deal with the movement of goods from one place to another. The eway bill is one of the prominent indicators of economic activity. More than 1.83 million eway bills were generated On June 30; it was the last day of Unlock 1.0. This is the highest number since the enforcement of the lockdown – with goods value of over Rs 54,500 crore, data released by Goods and Services Tax Network (GSTN) E-way bill generation used to be around 1.85 million on an average every day during the days before the Covid-19 outbreak. The Indian economy is improving with the movement of goods rebounding close to pre lockdown levels and GST collections rising sharply, said GSTN, the IT backbone manager of GST implementation in India, this is far less than the pre-lockdown days, though.
- In January, for instance, more than 56.1 million e-way bills were generated with a total value of Rs 15.71 lakh crore.
- In February, 56.3 million e-way bills were generated with a value of Rs 15.39 lakh crore.
- The numbers dropped down after the enforcement of the lockdown on March 25
- E-way bill generation recorded its steepest daily fall on March 25 when it plunged to approximately 50,000 from about two million the previous day.
Who can generate an Eway Bill?
| Registered Individual |
E-way bill is generated when the value of the movement of goods is more than Rs 50,000 to or from a Transporter. A Registered transporter may choose to create and carry the eway bill even if the value is below Rs 50,000. |
| Unregistered Individual |
When an unregistered person makes a supply to a registered person, the receiver will have to ensure the fulfilment of compliances as if they were the supplier. |
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Transporters |
Transporters carrying goods by road, air, rail, etc. are required to generate e-Way Bill if the supplier has not generated the same.
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Facts about E-way bill Generation
- GST registered businesses, or individuals can generate an Eway invoice if the goods are If the value of transported goods is less than Rs 50,000, the creation or carrying a GST e way bill is optional when. Having a GST e way bill is mandatory if the value of transported goods is more than Rs 50,000.
- Registered businesses under the Composition scheme are also required to generate the bill; the rules for the generation of the amount are the same as in the case of a GST registered person.
- In case the supply of goods is coming from an unregistered person to a GST registered person or business. The GST registered company or person is required to ensure that all required compliance under the GST Act is met.
- Transporters are required to generate e-Waybill in case the supply of goods is taking place by railways, road or air, etc. and the supplier does carry any GST e way bill. For a GST compliant E-way bill, the transporters have to register for a Transporter ID.
Handling “Bill to”- “Ship to” invoice in e-way bill system
If the ship-to state is different from Bill to State, the tax components entered are according to the billing state party.
- If the Bill to the location is inter-state for the supplier, IGST is entered.
- If the eway bill to Party location is intra-state, CGST and SGST are entered irrespective of the movement of goods, whether it was transported within or outside the state.
Requirements for e-way bill generation
There are some prerequisites for e-way bill generation. They are as follows:
- Registration on the e-Way Bill portal A physical copy of the Invoice/ Bill/ Challan related to the consignment of goods must be in hand.
- For Roadway Transportation, a Transporter ID or the Vehicle number is required.
- For Transportation by rail, air, or ship a Transporter ID, Transport document number, and date is to be mentioned on the document.
