E-Way Bill System for Transportation of Goods throughout the Nation

2 weeks ago Shruti Goel 0

As per the written statement by Shri Shiv Pratap Shukla, Minister of State for Finance, all the states have joined the centralized e-way bill system initiated by the Government. This e-way bill system has been introduced for inter-State transport of goods by road under the scheme of GST. The provisions of the e-way bill rules were pre-planned by the Government to come into force from the 1st day of February 2018 as per the recommendations of the GST Council. It was about to come into action for the inter-State movement of goods.

E-Way Bill System for Transportation of Goods throughout the Nation

The plan got postponed due to some difficulties faced by the trade in generating it. The initial technological glitches posed a barrier to the generation of the e-way bill. Due to this reason, the GST Council decided to extend the trial phase for generating these bills, both for Inter-State and Intra-State movement of goods.

The states are offered by the GST Council to choose any date positively before 1st June 2018 for the implementation of the national e-way bill system. It will be done for Intra-State movement of goods upon its implementation by the states, latest by 1st June 2018. For its successful implementation, the powers will be exercised under Rule 138A(5) of CGST/SGST Rules, 2017 jointly by the Central Government and the respective State Governments.

E-Way Bill

It is an acronym for Electronic-Way bill. In its rules, the process of the movement of goods and its procedural aspects have been prescribed. It will generate an otherwise unique number for individual consignments involving the movement of goods. It is applicable for any possible consignment value which would exceed INR 50,000. It is applicable even for the inward supply of goods from an unregistered person. Once it will come into force, it will become necessary to generate an e-way bill before the commencement of movement of goods.

E-Way Bill System for Transportation of Goods throughout the Nation

The E-Way bill must be generated by both the supplier and the recipient of the goods, acting either as a consignee or as a consignor. The goods may be transported through his own vehicle, hired vehicle, railways, by air or by vessel. In case of handing over the goods to a transporter, the E-Way Bill should be generated by the transporter as well and the registered person should declare the details of the goods in a common portal.

In the form GST EWB-01 which is an e-way bill form, there are two parts, part A and part B containing the details of the goods which are furnished and the vehicle number respectively. This can be generated for consignment values less than INR 50,000 as well but it is not mandatory. In case of cancellation of the transport of goods post generation of the bill, it can be cancelled on the common portal electronically within 24 hours of its generation. The facility of cancellation and generation of the bill will be made available through SMS.

The introduction of this scheme will prove helpful while considering the security of the goods. If the recipient of the supply doesn’t respond acceptance or rejection within 72 hours, it will be considered as accepted by the recipient.

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