All about the E-waybill

Broad Concept:

  1. Ewaybill is applicable from 01st Feb 2018 for all interstate movement of goods having value of Rs. 50,000 or more. Every such consignment must carry Ewaybill along with the invoice. The existing waybill systems of individual states to be abolished.
  2. It will be rolled out and available for trial from 16th Jan 2018.
  3. Ewaybill is not required for
    1. Exempt goods
    2. Goods transported in non-motorized vehicles
  4. EWB can be cancelled by the maker within 24 hrs or can be rejected by the recipient within 72 hrs. It cannot be modified or deleted.
  5. It can be generated by either the supplier, recipient or the transporter.
  6. Transporter can prepare consolidated ewaybill against multiple EWBs.
  7. Validity of Ewaybill is 1 day for every 100 kms travel between origin and destination.
  8. Vehicle no is mandatory for every ewaybill.
  9. Ewaybill is mandatory for job-work even if value is < Rs. 50,000/-.

 

How it works:

The website to visit is http://ewaybill.nic.in

Ewaybill has 2 parts-

PART A

  1. GSTIN
  2. Place of Business
  3. Invoice or challan no
  4. Invoice or challan date
  5. Value of goods
  6. HSN
  7. Reason for transport (Supply/Export/Import/Job work)
  8. Transporter doc no

PART B

  1. VEHICLE NO

 

SOME IMPORTANT POINTS

i.              1 invoice -> 1 consignment -> 1 Ewaybill

ii.             Multiple invoices -> 1 consignment -> Multiple Ewaybills

iii.            1 invoice -> Multiple consignments -> Multiple Ewaybills

iv.            The Vehicle No in Part B can be entered by the supplier, transporter or the recipient

v.             Validity of the Ewaybill starts from the time of first entry in Part B (vehicle no)

vi.            A consolidated EWB prepared by the transporter has no validity of its own. Its validity depends upon the validity of the individual EWBs attached to it.

vii.           If there are multiple HSN codes in the invoice, HSN is to be mentioned only of the first commodity.

viii.         Multiple users can be created for simultaneous usage.

ix.            Further clarity is awaited from the Government in case of what to do for the ‘Bill-To Ship-To’ model.

Disclaimer:

This information is compiled from various forums such as departmental seminars, GSTIN flyers and the web. The final rules are yet to be released and my undergo some changes.

Trade and transporters must start gearing up for the new compliance to ensure adequate systems are in place and there is no last minute rush. You can reach out to us for any assistance you need. Khanolkar & Associates, Chartered Accountants in Pune.

Tags: ewaybill, interstate transport, GST, how to make ewaybill

Completed various post qualification courses hosted by Institute of Chartered Accountants of India (ICAI) such as  Information Systems Audit (DISA)  Concurrent Audit of Banks  Goods & Services Tax  Blockchain and other emerging technologies  Primarily handling Indirect Taxation vertical with focus on GST.  Proficient in handling litigation in legacy taxes such as MVAT & CST upto Maharashtra Sales Tax Tribunal stage.  Inventory audit of listed companies throughout various locations in Maharashtra.  Management consultancy and Tax planning services.  Advisory and consultancy to Startups on cash flow management, funding sources  Retirement and Inheritance planning, Estate management consultancy.  Experience in Capital gain taxation and tax planning  Specialization in E-commerce retail segment  Risk advisory  Bank Concurrent Audit Experience