A Beginner's Guide to Generating an E-way Bill

 

In India, if you own a company or manage logistics, you're undoubtedly already familiar with the idea of an e-way bill. An e-way bill, which was first introduced in 2018, is a document created electronically for the movement of commodities. Both based on inter and inter-state transportation, as well as the movement of goods worth at more than Rs. 50,000, are subject to this requirement.

When you're creating an e-way bill for the first time, it can be a little intense. But it's an important step in making sure your company complies with the law and that your items arrive at their destination without any problems. We'll explain the basic techniques and guide you through the process of creating an e-way bill in this beginner's guide.

1.   Understanding the basics of an e-way bill

An e-way bill is a document that's generated for the movement of goods. It is a specific document with a specific consignment of goods and a set expiry date. It includes information about the consignor, consignee, the products being transported, their value, and the vehicle being used for transportation, as well as their names and addresses.

      2.  Who needs to generate an e-way bill?

E-way invoices, as we previously indicated, are required for the internal transportation of goods worth more than Rs. 50,000. You must provide an e-way bill for each consignment of products you move, whether you're a business owner, a logistics manager, or a transport. An e-way bill is still required even if you are only moving items within the same state.

    3.  How to generate an e-way bill?

Now that you understand the basics of an e-way bill and who needs to generate it, let's take a look at the process of generating an e-way bill. Here are the steps you need to follow:

Step 1: Register on the GST portal

To generate an e-way bill, you must first register on the GST portal. By going to the official GST portal and selecting the "New User Login" button, you can accomplish this. Following registration, you'll be given a username and password to access the portal with.

Step 2: Go to the e-way bill section

You'll need to find the e-way bill area after logging into the GST system. By selecting the "e-way bill" tab from the top menu, you can do this.

Step 3: Enter the required details

Once you're in the e-way bill section, you'll need to enter the required details to generate the e-way bill. These details include the following:

• The transaction type (outward or inward)
• The document type (invoice, bill of supply, delivery challan, etc.)
• The document number and date
• The GSTIN of the consignor and the consignee
• The place of supply
• The HSN code of the goods being transported
• The quantity and value of the goods
• The transporter's ID and vehicle number

Step 4: Generate the e-way bill

You can generate the e-way bill by selecting the "Generate e-way bill" button after entering all the necessary information. The e-way bill will be created with a special e-way bill number that you must use going ahead.

      4.  Tips for generating an e-way bill

So that you are aware of how to create an e-way bill, keep in mind the tips to ensure sure the process goes without a hitch:

•          Ensure all the information you enter is true and full. Any mistakes could result in delays or fines.
•          keep all

 

Original Source: A Beginner's Guide to Generating an E-way Bill