E-way bill rules in GST
E-way bill has already been implemented in many states and now this system has been implemented in the entire country from June 2018.
There is a lot of question in the minds of the people for this new system, how will it work in the GST system, what will it benefit to the traders and government agencies, what kind of use it will prove to be.
What is the e-way bill?
Meaning of e-way bill-
Before creating an e-way bill, we should know about the meaning of the e-way bill.
The E-way bill is a fully electronic way bill. E Way bill is a kind of electronic bill, which is done by supplying or receiving Rs. 50,000 or more.
In which the complete information about sending or receiving goods is a bill made on the computer. After the implementation of the e-way bill, it will become easier to transport and transport goods to other states.
An e-way bill will be valid across the country. In the old tax system, a bill was created on paper for the supply of goods, known as road permits, and the same bill that was created on paper is now being made on a computer and called e-way bill.
100 km based on vehicle size validity based on the e-way bill. Valid for a distance of 24 hours only and if the vehicle 100 km within 24 hours. If we cannot cover the distance, another E-Way bill has to be generated.
What is E Way Bill in GST?
Online Bill will also be prepared for sending any goods from one place to another place in the GST System. E Way Bill will be registered on the GST Portal. This online bill is called E Way Bill.
Even before the GST System is implemented, such a system is being implemented in the Sales Tax or Vat System of the states which will be released as E Way Bill after the implementation of GST. Based on the E-Way Bill System, the GST Officers will check the transported goods to ascertain that the correct GST has been placed on the consignment.
You would hardly know that even if the rules of E-Way Bill are there, then you know about these rules.
What are the rules of the e-way bill?
Rules of e-way bill
If you are making an e-way bill, then you have to follow some rules.
All Registered Suppliers who have GST Registration will have to generate an E-way bill before sending the goods and a number or printout of that E-way Bill must be attached to the Bill.
In the E Way Bill Km Limit it is said that if the goods are sent within the state and less than 10 km distance, then it will be necessary to generate the E-way Bill but it will not need to fill the Vehicle Number. This is the E Way Bill Km Rules.
If the supplier has generated an E-way bill and the goods could not be sent for any reason, then this E-Way bill can be canceled within 24 hours.
E-way Bill is also not required to send goods that do not have GST.
The goods being sent should be related to any work such as branch transfer, repair, etc. and if the value of that goods is more than 50 thousand, then it is necessary to generate an E-way bill.
In which case E-way Bill is important?
It is necessary for the supply of goods for Registered and Unregistered Dealers (businessmen) under GST.
An E-way bill is also necessary for a transporter who supplies goods.
E-way Bill is necessary to supply goods worth more than Rs 50,000 from one state to another.
Now it is clear that an e-way bill is necessary for these persons, now read how to get E-WAY BILL?
How to get an E-way bill?
Android App has also launched for E-way Bill. With the help of this app, a GeM registered person or others can use E-way Bill.
Merchants (Businessmen) who do not have Internet available can generate an E-way bill from SMS Service, for this, they have to register their mobile number.
Those who are not registered in Transporter GST will also have the facility to generate E Way Bill with the help of Pan Card or Aadhaar Number.
