E-Way Bills as Per New GST Rules
1) E-Way Bill will be required for movement of all goods, whether within the state or across states. E-way bills is even required for transport of goods outside the GST ambit, for example exempt goods like agricultural products.
2) Entire process requires participation by Supplier, Transporter and Recipient. For transport of goods exceeding Rs 50,000 in Value-
- Supplier to upload details onto the GSTN portal.
- Transporter (In case of Third Party Transport Company) will upload further details to create a final e-way bill. This e-way bill is to be carried along with the goods that are being transported. Upon generation of the e-way bill on the GSTN portal, a unique e-way bill number (EBN) shall be made available to the supplier, the transporter and the recipient of goods.
- Recipient of the goods- if a registered entity under GST, has to communicate its acceptance or rejection of the consignment covered by the e-way bill, within 72 hours of the details being available on the GSTN portal. Else, the recipient is deemed to have accepted the details.
3) In Case of an Accident if goods would be transferred from one vehicle to another than transporter has to create a new e-way bill on the GSTN portal, before further transit.
4) Multiple consignments are to be transported in one vehicle (say, a lorry is catering to three different suppliers), the transporter is required to indicate the serial number of the e-way bills generated in respect of each such consignment on the GSTN portal. A consolidated e-way bill in the required form is to be generated by the transporter prior to the movement of goods.
5) Validity period of the e-way bill, which is dependent upon the distance involved for transport of goods-
- Distance less than 100 kms - validity 1 Day
- 100 Km to 300 km- Validity 3 Days
- 300 Km to 500 km- Validity 5 days
- 500 Km to 1000 km- Validity 10 days
- More than 1000km- Validity 15 days