E-way bill Compliance has been a Nightmare for suppliers in the pre-GST era. Supply of goods cannot take place without obtaining these 'waybills' from VAL authorities. Waybill is nothing but a physical document that allows movement of goods. The Compliance around waybills has caused restricted movement of goods across States. And this is one anomaly we hope GST will that rectify.
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 more than rupees 50000 in value cannot be made by a registered person without an e-way bill.
- E-way bill will also be allowed to be generated or cancelled through SMS.
- When an e-way bill is generated a unique e-way bill number(EBN) is allocated and is available to supplier, recipient, and the transporter.
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