E-Way Bill: Finance Ministry asks Taxpayers to register on Official Portal before April 1st

E-Way Bill - GST

As the E-Way Bill system is going to be implemented on 1st April, the Finance Ministry asked the taxpayers to get enrolled in the official portal before the due date. Currently, the EWB is generated on the voluntary basis.

The Ministry of Finance, Today tweeted that “E-way Bill is mandatory from 1st April 2018 for all inter-state movement of goods. E-way bill can be generated on voluntary basis till then. Register yourself on e-way bill portal https://ewaybillgst.gov.in  using GSTIN.”

In case of movement of goods, on account of job work, the supplier or the registered job worker is required to generate the E-Way Bill. The supplier can authorize the transporter, courier agency, and E-Commerce operator to fill even Part-A of the E-Way Bill on his behalf.

Electronic way Bill system will help the Government to track all the inter-State movement of goods worth above Rs 50000/-.

With the introduction of e-way mechanism, the Government aims to bring transparency and accountability in transactions which would eventually curb tax evasion and thereby protect the interests of Revenue.

Under the VAT regime also, the State Governments were able to track all the movement of goods within the State. However, there was no effective mechanism under the old regime to track the inter-State movement of goods.

Any good worth Rs 50,000 or above needs an e-way bill if it has to go beyond 10 km. Any person or firm registered under GST will generate the e-way bill – including the transporter.

The e-way bill needs to be generated before the good is moved, and it has a limited validity period based on the distance covered. For up to 100 km, an e-way bill is valid for 1 day. For 200 km, it is valid for 2 days and so on.

The CBEC Advisory said that “If the distance between the principal place of the supplier to the place of business of the transporter is less than 50 km, Part B of the E-Way Bill is not required. Only Part A of the E-Way Bill is required to be filed.”

“Time period for the recipient to communicate his acceptance/ rejection of the consignment would be the validity period of the concerned E-Way Bill or 72 hours whichever is earlier,” it said.

It further said that when goods are sent through railways, air or vessel, the registered supplier or recipient shall generate E-Way Bill which shall be required at the time of delivery of goods. In such cases, the transporters need not generate E-Way Bill.

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