Implementation Update on E-Way Bill
CBIC has notified the implementation of E-way Bill for Inter-state movement of goods from 1st April, 2018. For intra-state movement of goods, effective date is yet to be announced soon.
E-way Bill is a declaration generated electronically on the common portal by consignor, consignee or transporter and to be carried along with the consignment. Generation of E-way Bill is required in the following cases:
1. Value of consignment exceeds Rs. 50,000.
2. For specified cases, e-way bill needs to be generated irrespective of the value of consignment:
a) Interstate movement of goods in case of job work
b) Inter-state movement of Handicraft goods by a person who has been exempted from GST Registration.
3. The transporter or the registered person can voluntary generate the e-way bill irrespective of the value of the consignment.
4. In case of movement by unregistered person, he or the transporter may at their option can generate the e-way bill.
5. In case of multiple consignments by Road transport, where the value of individual consignment is less than Rs. 50,000 but aggregate value exceeds Rs. 50,000.
Certain exceptions have also been notified by CBIC where e-way bill is not required to be generated.
To read our detailed note on E-Way Bill, please
click here.