Accounting and Taxation

 

What is an eWay Bill?

An eWay Bill is a digital document created on the eWay Bill Portal for the movement of goods. It is mandatory for a GST registered person to generate an e-way bill on ewaybillgst.gov.in if the value of the goods being transported in a vehicle exceeds Rs. 50,000. The e-way bill can also be generated or canceled via SMS, Android App, or site-to-site integration through API by entering the correct GSTIN of the parties involved.

When an e-way bill is generated, a unique Eway Bill Number (EBN) is allocated, which is accessible to the supplier, recipient, and transporter. The e-way bill should be issued in the following situations:

In relation to a 'supply': This includes goods moved for a consideration (payment) in the course of business or outside the course of business, as well as goods moved without consideration.

For reasons other than a 'supply': This includes return of goods or inward supply from an unregistered person.

It is important to note that eWay Bills must be generated for all types of movements, such as sale, transfer, or barter/exchange of goods. There are certain specified goods for which the e-way bill is mandatory, even if the value of the consignment is less than Rs. 50,000. Examples of such goods include inter-state movement of goods by the principal to the job-worker, and inter-state transport of handicraft goods by a dealer exempted from GST registration.

The responsibility of generating an eWay Bill falls on different parties:

Registered Person: A registered person must generate an e-way bill when the value of the goods being transported is more than Rs. 50,000. They can also choose to generate an e-way bill for goods of lesser value.

Unregistered Persons: Unregistered persons are also required to generate e-way bills. If an unregistered person supplies goods to a registered person, the receiver assumes the responsibility of compliance.

Transporters: Transporters carrying goods via road, air, rail, etc., need to generate e-way bills if the supplier hasn't already done so.

There are certain cases where generating an e-way bill is not required. These include transportation by non-motor vehicles, movement of goods under customs supervision or bond, transit cargo to or from neighboring countries, and more. The specific exemptions may vary depending on the state or union territory.

Since the implementation of the e-way bill system in April 2018, there has been an increase in the generation of e-way bills for inter-state movement of goods. Each state and union territory has its own rules and limits regarding e-way bills, with some providing exemptions based on monetary thresholds or specific items. For detailed information on state-wise e-way bill rules and threshold limits, you can visit the respective commercial tax websites or refer to the provided page.

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QUESTION & ANSWER

1.What is an eWay Bill?

A. A digital document for the movement of goods

B.A physical document for the movement of goods

C.A document required for the movement of services

D.A document required for the movement of goods and services

Ans: A. A digital document for the movement of goods

2.When is it mandatory to generate an e-way bill?

A.When the value of goods being transported exceeds Rs. 10,000

B.When the value of goods being transported exceeds Rs. 50,000

C.When the value of goods being transported exceeds Rs. 1,00,000

D. When the value of goods being transported exceeds Rs. 5,00,000

Ans: B. When the value of goods being transported exceeds Rs. 50,000

 

3. How can an e-way bill be generated or canceled?

A.Only through the eWay Bill Portal

B. Only through SMS

C. Only through Android App

D. Through the eWay Bill Portal, SMS, Android App, or site-to-site integration through API

Ans: D. Through the eWay Bill Portal, SMS, Android App, or site-to-site integration through API

 

4.In what situations should an e-way bill be issued?

A.Only in relation to a 'supply'

B.Only for reasons other than a 'supply'

C.Both in relation to a 'supply' and for reasons other than a 'supply'

D. None of the above

Ans: C.Both in relation to a 'supply' and for reasons other than a 'supply'

 

5.Who is responsible for generating an eWay Bill?

A. Only registered persons

B.Only unregistered persons

C.Only transporters

D.Registered persons, unregistered persons, and transporters

Ans: D. Registered persons, unregistered persons, and transporters

 

6.Which of the following cases does not require generating an e-way bill?

A.Transportation by non-motor vehicles

B.Movement of goods under customs supervision or bond

C.Transit cargo to or from neighboring countries

D.All of the above require generating an e-way bill

Ans: D. All of the above require generating an e-way bill

 

7.When was the e-way bill system implemented?

A.April 2016

B.April 2017

C. April 2018

D.April 2019

Ans: C. April 2018

 

8.Do all states and union territories have the same rules and limits regarding e-way bills?

A. Yes, the rules and limits are the same across all states and union territories.

B. No, each state and union territory may have its own rules and limits.

C.The rules and limits are the same, but the exemptions may vary.

D. The rules and limits vary based on the mode of transportation.

Ans: B.No, each state and union territory may have its own rules and limits.