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HIGHLIGHTS OF DRAFT E-WAY BILL RULES UNDER GST

Friday, April 28

CBEC floated the draft Electronic Way Bill Rules. The major highlights of the draft e-way bill are:- 1. E-Way bill shall be required for movement of goods of consignment value exceeding Rs.50,000 in relation to a supply or for reasons other than supply or due to inward supply from an unregistered person. 2. All information shall have to be uploaded before commencement of movement of goods. 3. Responsibility to generate E-Way bill: Consigner i.e. supplier or consignee i.e. recipient. In case goods are handed over to the transporter then transporter shall generate the E-Way Bill on the basis of the information provided by the registered person. 4. Unique E-way bill number (EBN) shall be available on generation of E-way bill on common portal; 5. The person in-charge of the vehicle / conveyance shall carry invoice or challan or copy of E-way bill physically or mapped to Radio Frequency Identification Device (RFID). 6. The E-way bill can be cancelled within 24 hours, provided it has not been verified in transit. No cancellation after verification or after 24 hours. 7. In course of transit, if the goods are transferred from one conveyance to another a new E- Way bill is required to be generated by the transporter 8. In case of multiple consignments being transported in one conveyance, the transporter is required to indicate the serial no. of three e way bills generated electronically for each such consignment and a consolidated E-Way Bill will have to be generated by the transporter prior to the movement of the goods. 9. The validity of the E-Way Bill is fixed on the basis of the distance, ranging from one day to maximum 15 days. 10. The recipient of goods is required to communicate his acceptance or rejection of the consignment covered by the e way bill within 72 hours of the information being made available to him on the GSTN portal. Failing which, it shall be deemed that he has accepted the details. 11. Where the vehicle is intercepted and detained for more than 30 minutes, the transporter can report the same in prescribed Form. With the country paving the way for GST, E-Way bill adds as another point of preparation to ensure the smooth movement of goods.

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