E way bill
- September 19, 2020
- Posted by: OptimizeIAS Team
- Category: DPN Topics
E-way bill, in value terms, has reached nearly 90 per cent of pre-Covid period.
- The E-way bill, short form for electronic way bill, is a document to be generated online under the GST system, when goods of the value of more than ₹50,000 are shipped inter-State or intra-State.
- The E-way bill must be raised before the goods are shipped and should include details of the goods, their consignor, recipient and transporter.
- The transporter has to carry the invoice and the copy of E-way bill as support documents for the movement of goods.
- Though check-posts have been abolished under GST, a consignment can be intercepted at any point for the verification of its E-way bill, for all inter-State and intra-State movement of goods. If a consignment is found without an E-way bill, a penalty of ₹10,000 or tax sought to be evaded, whichever is greater, can be levied.
- An e-way bill is valid for 1 day for distance less than 100 Kms and additional 1 day for every additional 100 Kms or part thereof