1 Replies
upasana gupta
(Finance Professional)
(3931 Points)
Replied 16 August 2017
What is an e-way bill?
E-way bill is an electronic way bill for movement of goods which can be generated on the GSTN (common portal). A ‘movement’ of goods of more than Rs 50,000 in value cannot be made by a registered person without an eway bill.
E-way bill will also be allowed to be generated or cancelled through SMS.
When an eway bill is generated a unique eway bill number (EBN) is allocated and is available to supplier, recipient, and the transporter.
When should an e-way bill be generated?
E-way bill will be generated when there is movement of goods –
- In relation to a ‘supply’
- For reasons other than a ‘supply’ ( say a return)
- Due to inward ‘supply’ from an unregistered person
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