eWay Bill

What is an eWay bill?

eWay bill is short for Electronic Way Bill. GST eWay bill is a document used to track goods in transit introduced under the Goods and Services Tax. A taxable person registered under GST involved in the transportation of goods with a value of over Rs. 50,000 must possess an eWay bill generated on the GST Portal.

LEDGERS has made eWay bill generation and management very simple for businesses. The LEDGERS eWay bill tool is synced to GST invoices, bills of supply, purchase invoices, and customer or supplier accounts.

eWay Bills can be generated seamlessly at the click of a button and shared with customers or suppliers. The procedure for moving goods is prescribed in the eWay bill rules. However, it is to be noted that when the GST Act came into being on 1st July, the eWay bill implementation was deferred.

Who should generate an eWay Bill?

The following cases arise where a person having GST registration and causing goods movement should generate an eWay bill:

• eWay bill generation is done when there is a movement of goods of more than Rs. 50,000 value to or from a registered person. The registered person can even generate an eWay bill if the goods' valuation is less than Rs. 50,000.
• An unregistered person is also required to generate an eWay bill. When an unregistered person makes a supply to a registered person, the receiver must ensure that all the compliances are completed.
• A transporter carrying goods via road, air, rail, etc., is required to generate an eWay bill if the supplier has not generated any eWay bill.

Documents required to generate eWay Bills

• Invoice/Bill of supply/Challan relevant to the consignment of goods
• In case of Transport by road – Transporter ID or the vehicle number
• Transport by rail, air, or ship – Transporter ID, Transport document number, and date