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GST Council- E-way Bill Recommendation

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GST Council- E-way Bill Recommendation

The GST council meet held today had various recommendation for the E way billing in GST for various inter-state trade liable for GST by various traders nationwide involved in cross state sale of good in India. this is to be implemented from 01-APR-2018, new finacial year. E-way bill system will be introduced w.e.f. a date to be announced in a phased manner but not later than 01st June, 2018.
Major improvements over the last set of rules, as approved by the Council now, are as follows:

  • E-way Bill is only valid for transaction over Rs. 50,000, invoice value less than Rs 50,000 the traders can refrain from the E-way bills. Thus any consigment value of less than Rs 50,000 the requirement of the E-way bill can be omitted irrespective of the transporter that can be carrying other goods with value more than Rs 50,000 in a single transportation. Value of exempted goods has been excluded from value of the consignment, for the purpose of e-way bill generation.
  • Incase the transportation of goods is by public transport, the e-way bill should be the responsibilities of the consignor or consignee. Railways are exempted from generation and carrying of e-way bill on a predfined condition of producing the eway bill barring which the railways will not deliver the goods to the recipient. It is also mandatory to carry invoice or delivery challan by railways.
  • The validity period of e-bill acceptance or rejection of the consignment would be the valid for the period of the concerned e-way bill or 72 hours,whichever is earlier.
  • E-way bill are also mandatory for goods related with jobwork and is being moved inter-state for any jobwork
  • The Consignor can authorize the transporter, courier agency and e-commerce operator to fill PART-A of e-way bill on his behalf.
  • Part B or the e-way bill can be omitted, if the distance of good moved is less than 50 Kms(initially was 40 Kms), but PART A of eway bill has to be generated
  • Over Dimensional Cargo (ODC) can get extra Validity period of E-way bill 
  • Extension to the e-way valid period can be availed by the transporter, failure to deliver the goods with the stipulated time valid time frame of the eway bill. SO the transporters eway validity period can be flexible in case of transhipment or in case of circumstances of an exceptional nature.
  • Expiry of the eway bill is at mid night for one day validity, immediately following the date of generation of e-way bill.
  • Once verified by any tax officer, the same conveyance will not be subject to a second check in any State or Union territory, unless and until, specific information for the same is received.
  • In case of movement of goods by railways, airways and waterways, the e-way bill can be generated even after commencement of movement of goods.
  • Movement of goods on account of Bill-To-Ship-To supply will be handled through the capturing of place of despatch in PART-A of e-way bill.

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