GST Eway bill is the mechanism through which the goods are being transported in line according to the GST norms and relevant information is uploaded before the commencement of the transportation of goods. The biggest advantage of GST Eway bill is we can track the movement of goods across India and to curtain the evasion of GST. In this article, we will focus on the updating Eway bill and cancellation. If you want to know about the Eway Bill generation for transferring goods by Rail and Airways or the Eway bill under methods of delivery then you can follow our blog.
Information and documents required for generating, updating Eway bill and cancellation
Documents required for generation of Eway bill are given as follows:
- GSTIN of recipient
- Place of delivery (PIN Code)
- Invoice or challan number and date
- Value of goods
- HSN code
- Transport document number
- Reasons for transportation
- Transporter details (Vehicle number)
Generation of An E-Way Bill
The Eway bill is generated either by the consignor or the consignee on his/her own for the transportation of goods by railways/airways/road/ship. In the case when goods are transferred by the road then the GST Eway bill will be created by the transporter and the consignor or consignee generates it only if the total value of goods is more than Rs. 50000.
Part A of an Eway bill
Part-A of the Eway bill will be considered as completed by the individual who has control over the movement of consignment. Whereas, Part-B of the Eway bill will be generated by the transporter.
Part B of an Eway bill
Goods having a taxable value of more than Rs. 50000 will be transported by the registered person. In addition, the GST Eway bill shall be generated by updating the information mentioned above on the GST Portal. In part B of the GST Eway bill, transporter details are updated. Moreover, GST Eway bill is generated along with a unique Eway bill number(EBN) which will be available to the supplier/recipient/ the transporter.
For more details regarding updating Eway bill and cancellation, you can take our experts advice on our website.
At the time of generation of GST Eway bill number, the details of the request shall be made available to the registered recipient on the common portal. If in case, the recipient is not in the communication regarding the acceptance or rejection within 72 hours then the bill shall be considered as accepted. On the contrary, before 72 hours, there is an option with the registered person to accept or reject an Eway bill at any time.
Validation of Eway bill
The distance of the transportation will decide the validity of a GST Eway bill.
- When the distance is less than 100km then it shall be valid for 1 day from the date of generation.
- For every 100 km, the validity shall be 2 days additional from the date of generation.
- If the goods due to some reasons cannot be transported within the validity period of the Eway bill then the transporter can produce another Eway bill for the same consignment after updating the details in the Part-B section of the form ‘GST EWB-01’.
- Ultimately, in seldom conditions, the validity period can be extended by the commissioner through the issue of notification for certain category of goods.
Cancellation of An E-Way Bill
Firstly, the goods have not been transported even when an Eway bill had been generated or not transported as per the details furnished in the bill then the Eway bill can be canceled Online on the GST Portal. It can also be done by GST Facilitation Centre. It can be done within 24 hours of its generation. Besides, it cannot be done when the verification has been done in transit.
Feel free to contact us on Email: [email protected] to get your GST Registered Online and for GST Return Filing. You can visit our website Legal Raasta to know more about GST Software, updating Eway bill and cancellation for doing end-to-end GST Compliances. Ring us at 8750008585 for any query.