E-way Bill: What It Is and Who Generates It?
Ok here’s a quick question for you, which document is mandatory for transmitting the goods from one place to another?
It’s an eway bill!
Eway bill is the electronic bill that is needed to be generated on the eway bill portal for the movements of goods. In other words, you cannot transport the value of your goods exceeding 50000 in a vehicle without an eway bill generated on the ewaybill portal. Once eway bill online is created, an eway bill number is created and made available to every supplier, and transporter.
When an eway bill is issued?
Eway bill is generated on the movements of goods consisting value more than Rs. 50000. Eway bill is issued in respect of supply. Supply generally includes Sale, transfer, barter or exchange.
E-way bill is mandatory for certain goods even with a value less than Rs50000, this includes:
- Transport of handicrafts goods
- Movement of goods for Interstate Job work
Who generates eway bill?
Registered Person: Eway way bill must be generated when the movement of goods is of more than Rs 50,000. A Registered person may choose to generate eway bill even if the value of goods is less than Rs 50,000.
Unregistered Persons: Unregistered persons should also generate eway bill. Please note that when a supply is made by an unregistered person to a registered person, the receiver will have to ensure all the compliances are met.
Transporter: if the supplier has not generated an eway bill, transporters need to generate it.
Documents required for eway bill generation.
- Invoice related to consignment of goods.
- Transporter ID or vehicle number in case of transmission by road.
- Transporter ID, Transport document number, and date on the document in case of Transport by rail, air, or ship.
Effortless eway bill generation with BharatBills!
Logging into eway bill portal can be a tedious task sometimes. BharatBills eliminates that hassle and help you in effortless eway bill generation with a few clicks.
Moreover, BharatBills provides you the ease of printing the QR codes on your invoices through which payments can be accepted by the customers in no time.
Along with eway bill generation, BharatBills assists you with e invoicing as well. Know what is e invoicing and its benefits to your business. Now No more logging in to eway bill portal, register once and create your e-way bills smoothly with BharatBills, a gst billing software with exciting features. Create a free trial account and create your e-way bills for a month absolutely free.