{"id":6787,"date":"2021-12-17T04:36:34","date_gmt":"2021-12-17T04:36:34","guid":{"rendered":"https:\/\/msassociates.pro\/articles\/?p=6787"},"modified":"2022-09-08T07:14:53","modified_gmt":"2022-09-08T07:14:53","slug":"all-about-the-gst-e-way-bill","status":"publish","type":"post","link":"https:\/\/www.msassociates.pro\/articles\/all-about-the-gst-e-way-bill\/","title":{"rendered":"All about the gst e-way bill"},"content":{"rendered":"

GST E-Way Bill is an electronic bill which will be required for the movement of goods in case the value of the goods are above fifty thousand rupees. The bill can be generated from the GSTN portal.<\/p>\n

There are various rules and regulations issued by the CBEC for the handling of e-way bill. Central Board of Excise and Customs (CBEC) has proposed a\u00a0GST E-Way Bill\u00a0in\u00a0the event of transiting goods above INR 50,000 under the GST regime. This will ask for online registration of the goods consignment and this will give the tax authorities a right to inspect the element anytime, if suspected of a tax evasion.<\/p>\n

Who is required to acquire an E-Way Bill<\/h3>\n

Every registered person who causes movement of goods of consignment value exceeding fifty thousand rupees \u2014<\/p>\n

(i) In relation to a supply; or<\/p>\n

(ii) For reasons other than supply; or<\/p>\n

(iii) Due to inward supply from an unregistered person,<\/p>\n

has to generate an e-way bill.<\/p>\n

Where an e-way bill has been generated under this rule,\u00a0but goods are either not being transported or are not being transported as per the details furnished in the e-way bill, the e-way bill may be cancelled electronically on the common portal,\u00a0either directly or through a Facilitation Centre notified by the Commissioner, within 24 hours of generation of the e-way bill. An e-way bill cannot be cancelled if it has been verified in transit.<\/p>\n

Validity of E-way bill<\/h3>\n

An e-way bill or a consolidated e-way bill generated under this rule shall be valid for the period as mentioned from the relevant date<\/p>\n

<\/p>\n

For the purposes of this rule, the \u201crelevant date\u201d shall mean the date on which the e-way bill has been generated and the period of validity shall be counted from the time at which the e-way bill has been generated.<\/p>\n

The Commissioner may, by notification, extend the validity period of e-way bill for certain categories of goods as may be specified therein.<\/p>\n

In case the recipient of goods being transported is registered, the details of e-way bill generated shall be made available to the recipient, on the common portal. He has to communicate his acceptance or rejection of the consignment covered by the e-way bill within seventy two hours of the details being made available to him, after which it shall be deemed that he has accepted the said details. The facility of generation and cancellation of e-way bill may also be made available through SMS.<\/p>\n

Situations where E-Way bill is not required before Movement of goods<\/h3>\n