Enhance your accounting standard with E-Way BillPosted by Merrchant on December 13th, 2018
An electronically generated document required for the movement of goods is known as E-Way Bill (Electronic Way bill). It can only be generated from E-Way Bill Portal when the goods of more than ₹ 50000 (Delhi,Tamil Nadu-₹ 100000) in value have to be transported. You can access it from Apps, SMS and from the official website. When it is generated a unique EBN number is allocated to the Supplier,Receipter and the Transporter. Date of applicability under GST regime It came under GST regime from 1st April 2018. It was introduced in phases starting from 15th April to 16th June 2018. All the phases are now completed and applicable in all states. It replaced Way bill which was under VAT Regime and all the states had their different procedures for generating it. When it is 1. Required? Issued when movement of goods is in vehicle/conveyance of value more than ₹50000 (in some states above ₹100000). In relation to,
2. Not Required? These are the cases where it is not required:
Who should generate an E-Way Bill?
How to generate E-Way Bill? Here are the steps involved in generate e waybill: Step 1 : Login to the portal by entering username,password and captcha code. Step 2 : Click to ‘generate new’ under the ‘e way bill’ option. Step 3 : When the new form appears, fill it as per your need
Also fill the GSTIN number wherever necessary. Step 4 : Enter the description of goods. Step 5 : Generate the bill by clicking on ‘Submit’. Step 6 : Print the bill by clicking on ‘Print EWB’ under the ‘E way bill’ option. Like it? Share it!More by this author |