E-Way Bill Generation Process

A Complete Guide of E-Way Bill Generation Process

What is an E-Way Bill?

An E-Way Bill is an electronic bill needed for the transportation of goods whose value exceeds ₹50,000. The same is mandatory under the GST regime for monitoring the goods in transit and complying with tax.

Objective of E-Way Bill

• Increases transparency in the supply chain.

• Reduces bottlenecks in goods movement.

E-Way Bill Application

When an E-Way Bill is Compulsory

• The value of any transported commodities is more than Rs 50,000/

• Goods are being sent to a different state and transported within the same state/

• Job work, selling or returning/

• Import/Export Goods

When an E-Way Bill is not Essential

• Transport through hand cants or such other non-vehicle mode.

• Exemption commodity

• Personal articles and other articles used for transporting them

How to Create an E-Way Bill

Creating an E-Way Bill is simple enough, through the E-Way Bill Portal.

• Login to E-Way Bill Portal
  Open ewaybillgst.gov.in. login using the same or proceed with sign up

• Generate New
  Once on the home page of the EWB Portal select the 'Generate New'

• Add details
  Invoicing details along with the GSTIN of supplier/recipient, HSN code, quantity/value of goods, etc.All vehicle number or transporter IDs associated with the transportation process.

• Authenticate details
  Make sure all entered data are accurate so that error should not occur.

• Generate an E-Way Bill
  Press "Submit" in the menu to generate EWB. The E-way Bill will have a uniquely allotted EBN.

• Print/DOWnload the EWBS
  Save the E-way Bill as PDF for ease in sharing and verification.

E-Way Bill Generation for Specific Cases

• Purchase Returns
  Update Part A with return invoice details. Ensure the transporter provides accurate vehicle details for return trips.

• Unregistered Buyers
  Use the buyer's PAN or address details in Part A. Specify "URP" (Unregistered Person) in the GSTIN field.

E-Way Bill Rules and Compliance

Important Rules to Remember

• Validity
  For up to 100 km: 1 day. For every 100 km beyond: +1 day.

• Amendments
  Only Part B, transport details, can be amended after generating.

• Cancellation
  Can be cancelled within 24 hours if goods not transported.

• Penalties for Non-Compliance
  Fine is equal to tax amount or ₹10,000 whichever is higher Seizure or detention of goods and vehicles.

Advantages of E-Way Bill

• Simplified Goods Movement
  It cuts down waiting time at tolls and ensures faster delivery.

• Enhanced Tax Compliance
  Reduces tax evasion through automatic tracking.

• Supply Chain Transparency
  Increases visibility into goods movement for all involved parties.

• Lighter Administrative Burden
  Less paperwork and manual errors due to automation.

Ease of Integration with Billing and Accounting Software

The modern-day tools like Sleek Bill simplify the generation of the E-Way Bill because they integrate billing, inventory, and tax compliance in one platform.

• Invoicing details are automatically filled to generate the E-Way Bill faster.

• Real-time updates about the validity of the same.

• Easy Integration with ERP systems.

The E-Way Bill generation process is a critical aspect of GST compliance, ensuring transparency and efficiency in goods transportation. By understanding its rules and leveraging automation tools, businesses can streamline their logistics, avoid penalties, and focus on growth. If you’re looking for a hassle-free solution, integrate your billing system with E-Way Bill generation software like Sleek Bill for seamless compliance and improved operational efficiency.