Quick Answer: Why Do We Need Waybill In India?

Is e way bill required for local sales?

– One do not need to Generate e-way bill when goods are being transported through rail and the consignor is either Central Government, State Government, or a local authority.

– One does not require to Generate e-way bill when goods being transported are exempted as per the State or Union Territory GST Rules..

Who can issue e way Bill?

A registered person or transporter can choose to generate and carry e-way bill even of the value of goods is less than Rs 50,000. Unregistered persons or their transporters may also choose to generate an e-way bill. This means that an e-way bill can be generated by both registered and unregistered persons.

Why do we need waybill?

Purpose of E-Way Bill E-way bill is a mechanism to ensure that goods being transported comply with the GST Law and is an effective tool to track movement of goods and check tax evasion.

Is e way bill required for delivery within 10 km?

Goods moved within a state did not need e-way bill for distances of up to 10 km. This has now been increased to 50 km, which will help smaller businesses. … The e-way bill will be deemed to be accepted upon delivery of goods or the expiry of 72 hours of its generation, whichever is earlier.

In which cases e way Bill is not required?

Other transactional cases where eway bill is not required are: eway bill is optional for Goods of value less than Rs. 50,000 (except in cases of mandatory Eway bill provisions like the movement of Handicraft goods and movement of goods for Inter-state Job work )

Can buyers generate EWAY bill?

However, it may not be practically possible for the buyer to generate e-way bills in all cases due to non-registration in the seller state, availability of vehicle details, etc. … The buyer can therefore enter into a contract with the transporter for the generation of e-way bills.

What is required for e way Bill?

E-Way Bill is an electronically generated document which is required to be generated for the movement of goods of more Rs. 50,000 from one place to another anywhere in India except Delhi. For movement of goods within Delhi, e-way bill is required to be created were the value of goods is more than Rs. 1 Lakhs.

Is e way bill necessary?

Who should Generate an eWay Bill? Registered Person – Eway bill must be generated when there is a movement of goods of more than Rs 50,000 in value to or from a registered person. 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.

Why do we generate e way bills?

E-Way Bill is the short form of Electronic Way Bill. It is a unique document/bill, which is electronically generated for the specific consignment/movement of goods from one place to another, either inter-state or intra-state and of value more than INR 50,000, required under the current GST regime.

Is e way bill required for intra state below 50000?

50,000, the transporters are required to generate E-way bill if aggregate value of all consignment being carried in the vehicle is more than Rs. 50,000 in an inter-State supply. … From April 1, 2018, it is mandatory to generate the e-way bill for every inter-State movement of goods if the consignment value exceeds Rs.

What is e way bill and why it is required?

E-Way Bill Requirements – Transportation of Goods by Road. E-way bill is an electronic waybill generated on the GST portal for the movement of goods. Any supplier/agent is transporting goods where the consignment value greater than Rs. 50,000 is required to generate and produce this e-way bill.

What is the benefits of e way Bill?

To prevent the evasion of tax. Hassle free movement of goods across India. Tracking the movement of goods with e-Way Bill number. Easier verification of the e-Way Bill by the officers.

What happens if EWAY bill is not generated?

Moving goods without the cover of an invoice and Eway bill constitutes an offence and attracts a penalty of Rs. 10,000 or the tax sought to be evaded (whichever is greater). Hence, the bare minimum penalty that is levied for not complying the rules is Rs. 10,000.

Can we generate EWAY bill without GST number?

Normally, E-way bill is generated by the Registered Person but, there is an option on E-way Bill system where even a person who does not have GST No. … Being the owner of the small shop and having a turnover of less than 20Lakh he does not have GST Number.