E-way bill or electronic waybill is necessary to ensure smooth commercial movement of goods. This document was introduced with the GST regime in India and enacted nationwide on 1st April 2018.
The main objective of this bill was to reduce tax evasion through proper invoicing of goods. Another reason was to completely eliminate the practice of fake invoicing of goods.
As it is mandatory today, individuals can easily generate this document online through eway bill login.
Understanding the E way bill system: Meaning
An eway bill is a document or a receipt that is issued by a carrier. It includes instructions and details concerning the shipment of goods.
It is essential for any individual who is involved in the movement of goods that carry a consignment value of more than Rs. 50,000.
Furthermore, let’s understand who can generate an eway bill.
Who can generate an Eway bill?
The groups of people who can opt for e way bill generation are mentioned below:
- Registered individuals
Any person who ships goods worth more than Rs. 50,000 must carry an eway bill and should be a registered individual on the eway bill portal.
Moreover, a registered individual or transporter may or may not carry an Eway bill when involved in the consignment of goods worth less than Rs. 50,000.
- Unregistered individuals
Individuals who are not registered under the Eway bill portal also have the right to generate an Eway bill.
In addition, unregistered individuals should also fulfil all other compliance requirements. Moreover, it is recommended that unregistered individuals get themselves registered in the Eway bill portal to ensure smooth operations.
- Transporters
There are multiple players involved in the consignment of goods. For instance, if a supplier has failed to do the needful, the transporter of goods must definitely generate an Eway bill to ensure no complications.
This is applicable to all transporters who carry goods by means of road, rail, air, or water.
Furthermore, individuals should have detailed knowledge of the documents required and how to generate an Eway bill.
Documents required for Eway bill generation
An individual must possess the following list of documents for their e way bill generation:
- An official and valid ID proof
- Invoices, bills, and challans of the consignment
- Transporter ID and vehicle number in case of roadway consignment
- Transporter ID, transport document and document date for consignments via ship, aircraft or air
Steps to generate Eway bill through Eway bill portal
Individuals can generate their Eway bill by following these 3 easy steps:
Step 1
Log into the official Eway bill portal by entering your username, password and captcha.
Step 2
Go to the Eway bill section and click on the button that says ‘Generate New’
Step 3
Accurately enter all details as required for.
Furthermore, individuals can also take out a print out of their Eway bill by entering the 12-digit Eway bill number.As final words, with the beginning of the GST regime, the generation of Eway bill has become mandatory. The main aim of this receipt or documentation is to ensure a clear understanding of consignments that take place each day and to eliminate all frauds. It is thus recommended that all suppliers, transporters and business men understand its importance and abide by it. Additionally, becoming a registered person is quite easy and individuals can get it through the process of Eway bill login.
