The concept of E-way bills was introduced on April 1st, 2018. Since its introduction, it has been a mandatory document that needs to be carried by those travellers who are tasked with transporting goods worth ₹50,000 or more from one Indian state to another. Every GST-registered person must generate an E-way bill for goods which are crossing state borders and fall under scope of the GST tax regime. An E-way bill serves as proof of the fact that the goods being transported comply with the GST norms. Additionally, E-way bills help relevant authorities track the movement of goods in real time and spot possible tax evasion attempts.
Under the New Returns System, the government has integrated E-way bills with GST. This essentially means that if a registered tax person has not filed his or her GST returns for two consecutive tax periods, they cannot generate E-way bills under their name. In the case of dealers, if they do not file their GSTR-3B or GST-4 returns, their E-way bill ID will be blocked. Note that there is no other change in the manner in which E-way bills are generated.
As per the old system, a registered taxpayer had to fill in invoice details manually while generating E-way bills and had to maintain two different user IDs for the E-way bill portal and the e-invoicing portal. But now, since the introduction of the e-invoicing system, the taxpayer can log onto both the portals with a single user ID.
Additionally, as long as the E-way bill details fed in the e-invoicing portal matches the data entered while generating E-way bills on the main E-way bill system, the invoice-related information will auto-populate the relevant areas of the E-way bill while generating it. This system has been put into effect to make it easier for the taxpayers to generate E-way bills and make relatively lesser errors.
At Bajaj Markets, one can learn all that there is to know about E-way Bills, GST and many other related topics. Bajaj Markets also helps people acquire loans, credit cards and a host of other financial products.
Section: Eway Bill Articles
- Eway Bill Verification for Goods in Transit
- Eway Bill for Exempted Goods
- Eway Bill for Job Work
- Eway Bill Rules and Compliances
- Consequences of Non-Generation of Eway Bill
- Changes in Eway Bill After E-invoicing
- Link Eway Bill to Vahaan Portal
- Eway Bill Applicability for SEZ
- Linking of Eway Bill with GST Returns
Enter Your OTP
