The E Way Bill is a new mechanism that has been introduced for the people or transporters that are involved in the transportation of goods from one location to another. The digital interface basically helps the government because the transporters put in the relevant information prior to the movement of the goods and cargo items.
There are certain GST E Way Bill Rules that must be taken into consideration by the relevant parties before they attempt to move the gods between various locations. For the purpose of simplifying the process for the users, GST E Way Bill Complete Guide has been introduced by the government. The main objective of the E Way Bill provision is to remove any form of ills that might arise due to the prevalent VAT model in different states of India.
E Way Bill System
An E Way Bill basically comprises of two parts. Part A must be furnished by the individual who is causing the movement of the goods whose value exceeds Rs 50,000 and Part B relates to the transport details that need to be furnished by the individual who is basically transporting these goods and cargo items.
It is necessary to follow the GST E Way Bill Guide to have a better grip on the rules and procedure. Before registering for the E Way bill, it is necessary to determine the value of the consignment goods. The criteria of the value of Consignment goods are interpreted in the following manner:
The invoice value of such goods exceeds Rs 50,000 or in case the vehicle that carries such goods against a number of invoices, the aggregate value of these goods must exceed Re 50,000.
These criteria must be taken into consideration by the transporters. The transporters or suppliers can refer the GST E Way Bill Rule for Transport and make sure that all the relevant tax models are followed while moving the goods from one location to another. One must carefully take into consideration the updated E Way Bill Registration Criteria before generating this electronic bill.
E Way Bill Guide
The E Way Bill Portals have been designed to simplify the bill generation process for the transporters and other users. Before registering for the bill, the new users must acquaint with the GST E Way Bill Rules and determine whether they meet the necessary criteria or not. The portal acts as a seamless gateway that can be used to generate the E Way bills. Once the users fulfill the necessary E Way Bill Registration Criteria, their E Way Bills can be generated either through SMS or on the Web.
Pre-requisites to generate the E Way Bills
The GST E Way Bill Rule for Transport must be thoroughly referred and understood by the users so that they can follow relevant steps to generate their E Way Bills. Some of the pre-requisites for generating this bill include the registration on the E Way Bill portal, the challan, bill or invoice relating to the goods must be on hand, the availability of the transportation ID or the Vehicle number in case the transportation is made using road, and the availability of the transportation ID, transportation document number and date on the document if the transportation is made using ship, air or rail.
In order to simplify the process of registration and E Way Bill generation, the GST E Way Bill Complete Guide is made available for the users. Before getting acquainted with this new tax model, the suppliers must refer the GST E Way Bill Guide which can help them to understand the relevance of the electronic model.