E-way bills are for moving goods of more than ?50,000 across the country. It's an effective tool for tracking goods in transit and checking GST compliance.
E-Way Bill is an Electronic Waybill for transporting goods to be forged on the e-Way Bill Portal. The GST-registered person can only transport goods in a vehicle worth exceeding Rs. 50,000 with an e-way bill on ewaybillgst.gov.in.
Alternatively, Eway bills can also be generated or cancelled through SMS, Android App and site-to-site integration through API entering the correct GSTIN of parties. Validate the GSTIN with the GST search tool before using it.
When an E-way bill gets forged, a unique E-way Bill Number (EBN) is issued and known to the recipient, supplier and transporter.
The e-way bill generation can be done directly in the e-way bill portal or through SMS along with the following documents.
Before generating an E-way bill, a person must register on the E-way Bill Portal (E-way Bill Login). Additionally, details such as transporter Id, challan bill, vehicle number, goods value, the distance between the places, invoice, delivery challan, and name of the parties involved must be ready with the E-way Bill generator.
An e-way bill has to be issued if the worth of the consignment to be transported is more than Rs. 50,000. E-way bill is issued in case of a supply of goods, the return of goods or when receiving supplies from unregistered persons.
No e-way bill is needed to get forged in the following circumstances-
E-way bill is optional to transport every type of good. The union government has specified the categories for which it is not compulsory to generate E-way Bill. The E-way Bill won't get required in the following cases.
When the following kind of goods gets transported, the E-way Bill is not needed:
In addition, the following list of goods gets also exempted from E-way Bill generation (E-way bill System)
Not only does the accused need to pay the tax and penalty, but also a fine equal to twice the amount of the tax. The entire sum would be classified as a penalty, and nothing would be classified as a tax amount here.
That means that if you seek a refund, you will either receive the entire amount or nothing at all, as opposed to receiving the tax amount in most cases stipulated before.
Section 129 has been delinked from section 67 of the GST Laws, and the provision for granting bonds for goods release will get deleted. The penalty will be equal to the value of the products in the custody of the GST Authorities if another person recovers the seized items and truck.
If the business owner or any person fails to pay a fine for the items and the truck, the truck driver must pay a tax on such commodities.
December 2022: Expiration of E-way bill Does Not Establish Intention of Tax Evasion: Gujarat High Court
The Gujarat High Court has held that e-way bill expiry does not set a purpose to avoid taxes. The division bench of the Gujarat High Court has observed that the detention of the vehicle was on the ground that the goods were subject to the expiration of the e-way bill, which expired during transit. That cannot be a ground for the detention of trucks and goods and does not establish the intention to evade taxes.
Since introducing an appropriate tax authority in the form of Goods and Services Tax (GST), the union government has tried to facilitate the taxation system of India. E-way Bill System is a step in that direction. Eway Bill is a crucial document while moving goods from one place to another.
The entire E-way Bill system or E-way Bill Login mechanism have designed, developed and maintained by National Informatics Centre (NIC). The NIC provides multiple ways to generate an E-way Bill via SMS, Mobile App, Web and Bulk upload.
If transporting goods of value more than Rs 50,000 while house shifting, you must confirm that the transporter sticks to the E-way Bill norms and rules.
In August, the government made a record-high number of e-way bills. In August, the government made a record-high number of e-way bills. On the whole, 78.21 million got created by companies for carrying goods implemented. A hop in the number of E-way Bills automatically increases the GST revenue.
Business owners are needed to treat the e-way bill seriously and affirm that the company is obeying all of the laws, rules and regulations as it is applicable.
We should also be aware that the agency has just started to demand E-Way Bill matching. By vigilance in all GST rules and regulations, we can avoid a lot of stress and end up paying a large amount of penalty, increasing the legal costs paid by the entity.
The E-way bill is a helpful tool for controlling tax evasion, and it also helps to track the commodities or goods transported and fixed in the invoice and E-Way Bill by the company and its owners.
It also can bring us under the radar of the GST Authority and other allied officers or departments of the government. And on an eventual basis, this will impact the credibility of our business as a brand.
E-way bill has been a great tool to restrain malpractices held out to avoid taxes and helps keep track of the goods transported and cited in the invoice and E-way bill.
One thing that the introduction of e-way bills has facilitated is the dilution of inter-state boundaries. The quantum of time spread at state borders for verification, and documents was an obstacle to all businesses. The government has been trying to put a perfect system.