E-way Bill under GST
What is the new E-way Bill under GST?
Simran IAS Aacademy, Top IAS coaching in Chandigarh states that under GST rules, the transporters should always carry an E-way Bill, when certain conditions are satisfied and while transporting goods from one place to another .
E-way Bill is an electronic way bill for association of goods which can be generated on the E-way Bill porch. Convey of goods of more than Rs. 50,000 (Single Invoice/bill/delivery challan) in value in a vehicle cannot be made by a registered person without an E-way Bill.
On the other hand, E-way Bill can also be generated or cancelled through SMS, Android App and by Site-to-Site assimilation (through API).
When an E-way Bill is generated a unique E-way Bill number (EBN) is allocated and is obtainable to the provider, recipient, and the carrier.
The GST committee has suggested the introduction of E-way Bill for inter-State movement of goods across the country from 01st April 2018.
E-way Bill is necessary to be generated only where the value of the consignment exceeds Rs. 50000/-. For smaller value consignments, no E-way Bill is required.
Best UPSC coaching in Chandigarh further add that value of exempted goods has been excluded from value of the delivery, for the intention of E-way Bill generation.
As Railways are always put on exempted side and carrying of E-way Bill with the condition that without the production of E-way Bill, railways do not deliver the goods to the addressee but railways are required to carry invoice or delivery challan etc.
Electronic Way Bill is E-way Bill. It is a unique bill number obtained for the particular consignment related to the movement of goods beyond 10 km.