The GST e way bill implemented on 1st April 2018 is an electronic bill which is mandatory to generate while transporting goods value more than 50,000. The government had recently announced latest clarifications regarding the GST e waybill for the businessman and taxpayers alike. With this, the government had cleared that the registered job worker needs to generate GST e waybill.
Also while transporting goods through railways, Air or by ship, the registered supplier is entitled to generate GST e waybill. Here the government had announced ten clarification for e way bill implementation:
- If the transportation of the product is being done for the job work, in that case, the supplier or registered job worker will have to generate the GST e-waybill.
- If the transportation of the goods is being done through the railway, air or via ship, then the registered supplier or the receipt will generate the e-waybills. In this case, the transporter will not be generating the e-waybill. It will be necessary to carry along the GST e-waybill while delivery of goods.
- Inter-State E-way bill will be applicable from April 1, 2018, for sending or procuring stock in the state from one state to another. As of now, the GST E-waybills can be generated by personal wishes.
- The businessman has to register on GST e-way bill website at https://ewaybillgst.gov.in. They can register with their GSTIN number and there is no need to wait for April 1, 2018, to register.
- The GST E-way bill needs to be made only when the value of goods is more than INR 50,000 by adding value tax applicable. In this value, the product that comes under the tax exemption of GST and the products which have been exempted from e-waybill are not required to be in the e-waybill list.
- If the cost of a particular good to be transported is less than 50 thousand rupees then e-waybills are not required. If the merchandise of more than one trader is transported in a vehicle and the value of each consignment is less than Rs. 50,000 but the value of all the consignment is more than Rs. 50,000 even then the e-way bill is not required to be generated.
- The supplier can authorize transporter, courier agency and e-commerce operator to fill part of Part-A of the form of the supplier.
- If the distance between the principal place of business of the supplier and the business place of the transporters is less than 50 kilometres, then the Part-B of the e-waybill is not required to be filled. Then there is only need for filling Part-A of the e-way bill.
- After generating a particular e-way bill, there will be only 72 hours to accept or reject that GST e waybill.
- One day validity of a GST e-way bill will be up to 100 kilometres. Once the distance of 100 kilometres gets increased through distance, the validity of GST e waybill will get increased according to the time.
Read Also: GST E Waybill Preparation Guide for Transport Companies & All Suppliers
