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What is E Way bill : E-Way Bill is an electronically
generated document that tracks the physical movement of goods. An E Way Bill
contains details of the Goods being moved, the purpose of the movement, and the
consignor and consignee (Part A of FORM GST EWB-01 as well as transportation
details (Part B of FORM GST EWB-01). An E-Way Bill must be generate before
commencing movement.
When an E way bill needs to be generated : E-way bill will be
generated when there is a movement of goods in a vehicle/ conveyance of value
more than Rs. 50,000( either each Invoice or in (aggregate of all Invoices in a
vehicle/ Conveyance)# ) –
- In relation to a ‘supply’
- For reasons other than a ‘supply’ ( say a return)
- In relation to an inward ‘supply’ from an unregistered person
- For this purpose, a supply may be either of the following:
- A supply made for a consideration (payment) in the course of business
- A supply made for a consideration (payment) which may not be in the course of
business
- A supply without consideration (without payment)In simpler terms,
the term ‘supply’ usually means a:
Sale – sale of goods and payment made
Transfer – branch transfers for instance
Barter/Exchange – where the payment is by goods instead of in money
Therefore, E-Way Bills must be generated on the common portal for all these
types of movements.
However for certain specified Goods, the eway bill needs to be generated
mandatorily even if the Value of the consignment of Goods is less than Rs.
50,000:
- Inter-State movement of Goods by the Principal to the Job-worker by Principal/
registered Job-worker***,
- Inter-State Transport of Handicraft goods by a dealer exempted from GST registration
Website for entering E-Way bills for different states : There
is a Common GST E-Way Bill Portal notified by Central Tax Notification 9/2018
dated Jan 23, 2018 and available at www.ewaybillgst.gov.in. All E-Way Bills in
all states of India must be recorded in this Portal.
Registration process on E Way bill Portal : Registering for E way bill or
enrollment is an easy procedure on Indian Government official portal E-Way Bill
System. E-way Bill System helps to generate GST e way bill, and there are
certain steps which have to be followed by the every taxpayers. To generate the
GST e way bill, it is mandatory to register on the E Way Bill Portal.
Focusing on the Business end of the e-way bill. It is important for both
registered businesses (Suppliers and Recipients) as well as transporters to have
access to e-way bill portal, and start by registering themselves on the common
portal https://ewaybill.nic.in. There are primarily 4 stakeholders who are
involved in the process of a typical e-way bill – Suppliers, Recipients,
Transporters and Tax officers. Persons who have a stake in an e-way bill
generation process such as suppliers, recipients and transporters would want to
see that the consignment is moving from the source to the destination without
any hurdles, while the tax officers would want to see that the consignment is
accounted for by both suppliers and recipients.
For the Registration on E Way Bill Portal here are some following steps:-
Step 1 : Login to E-Way Bill System,
https://ewaybill.nic.in
Step 2 : Click on E-Way Bill Registration.
Step 3 : Enter the GSTIN (Goods and Services Tax Identification
Number) and then enter the Captcha and click on GO Button.
Step 4 : Once the process is done all the details such as
Applicants Name, Trade Name, Address, Mail ID, and Mobile Number will be
auto-populated once you enter the GSTIN.
- After checking the auto-filled details you need to click on Send OTP Button.
- Enter the OTP received on the registered mobile number and verify the same by
clicking on the ‘verify OTP’ button.
Step 5 : You can Create a new User ID and Password.
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Enter the new User ID and set a Password of personal choice and get registered
with the e-way bill portal.
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The system validates and shows a message if there is an error in the details
entered by you.
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Once all the details are correctly filled, User ID and password will be created
and you can now use this registered User ID and Password to navigate through the
e-way bill.
Conclusion : To sum it up, there is no denial in saying that
e-way bill is aimed at simplifying the goods transport-related documentation
process, which earlier was much of a hassle and required different data for
different states. The e-way bill is expected to ensure that every moving good is
tagged and tax-paid, so that there’s no chance of a gap. One the eway bill is
implemented nation wide, traders will not be able to avoid paying tax as the
government will have details of all moving goods above the value of Rs 50,000.
For the rectification of taxes and a flawless economy, taxpayers need to
register themselves on the EWB portal and further manage their e-waybills
through SMS or the android app.There’s an option on the portal wherein
registrants can create sub-users and provide them with online access to generate
e-Way Bills for a GSTIN thus benefiting business houses having multiple units/
branches in managing their respective e-Way bills while saving their time and
effort. The new mechanism will surely bring in visibility across the
organisation.
What eway bill also does is it makes the preparation of GSTR-1 easier given, all
the data from the invoices uploaded to generate an e-way bill will be
auto-populated on the GSTR-1 form. One can choose to avail this option while
filing their return. To bring uniformity across the states for seamless
inter-state movement of goods, registering for e-way bill is a must. This will
not only put a stop to tax evasion but will also boost revenues by 15-20 per
cent.
Expectations and mistakes that are bound to happen while generating E
way bill and how Tally.ERP 9 Release 6.4 could be of use to you : Of
all these expectations and benefits, we can come across a few challenges as well
. A major one being that any mistake made while generating an e-way bill cannot
be rectified leaving no option but to create a fresh one. But this could be
avoided with the help Tally.ERP 9 where in when you prepare your tax invoice you
need not have to again fill the particulars of invoice in the Eway bill portal
for generation of E Way bills as Tally.ERP 9 transports/ships the details of
your invoice for which you are going to generate eway bill into the E Way bill
Form EWB-01. After which you only have to export the E Way bill data into JSON
format which is also available from the Tally. ERP 9 system and then login at
the eway bill portal and just upload the JSON file to generate the eway bill.
Thus generation of E Way Bill is much easier with Tally.ERP 9 Release 6.4 as it
eliminates all the possibilities for error which could occur when fed manually
on the e way bill portal.
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