An E-Way Bill is a digital report that contains information about a shipment. It can be generated by the transporter or the consignor. Regardless of the mode of transport, the e-Way bill must be generated. The recipient must accept the e-Way-bill within 72 hours of receipt.
A GST E Way Bill is an important document that details the movement of goods and consignments. It is generated and furnished by the person responsible for the movement, which can be the transporter, the consignee, a buyer, a seller, or a third party. The person causes the movement of the goods by moving them by road, rail, air, or sea. The recipient then generates and furnishes the information in Part B of the e-Way bill
To generate an e-Way Bill, a registered person or transporter must complete GST EWB-01. There are two parts to this form. Part A asks for details about the consignment and the invoice. Then, the person or transporter needs to provide the electronic way bill to the concerned authorities. If a consignment is worth more than Rs 50,000, it is required to generate the GST EWB before the movement.
The GST E Way Bill also contains other data. It is a document that is created and maintained on a common portal. The EWB has three parts – the supplier and the recipient. The first part contains the goods’ value and the invoice number. The second part includes the recipient’s details, the recipient’s GSTIN, and the transporter’s vehicle number and ID. These details are used to generate the e-way bill.
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e-way bill is a document required to be carried by a person in charge of the conveyance
carrying any consignment of goods of value exceeding fifty thousand rupees as
mandated by the Government in terms of section 68 of the Goods and Services Tax Act
read with rule 138 of the rules framed thereunder.
Every registered person who causes movement of goods of consignment value
exceeding fifty thousand rupees in relation to supply; or reasons other than supply; or
inward supply from unregistered person shall generate e-way bill
If there is mistake, incorrect or wrong entry in the e-way bill, then it cannot be edited or
corrected.
Yes. e-way bill can be cancelled if either goods are not transported or are not
transported as per the details furnished in the e-way bill. e-way bill can be cancelled
within 24 hours from the time of generation
Consolidated e-way bill is a document containing the multiple e-way bills for multiple
consignments being carried in one conveyance (goods vehicle). That is, the transporter,
carrying the multiple consignments of various consignors and consignees in one vehicle
is required to carry one consolidated e-way bill instead of carrying multiple e-way bills
for those consignments.
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