An electronic way bill (E-way bill) is similar to Way Bill under the VAT regime. It is a compliance mechanism wherein the person causing the movement of goods is required to upload the relevant information about the movement of goods and the conveyance through which the goods are being moved on the common portal. The E-way bill is required for the movement of goods if the Consignment value of GST-paid goods is more than Rs. 50,000 except for certain specified goods as notified by the Government. The responsibility of generating the e-way will be on the consignor or consignee.
Purpose of the E-way bill
The purpose of the e-way bill is to track the movement of goods in accordance with the provisions of GST laws and to ensure that there is proper documentation of the movement of goods under GST. Thus, an e-way bill aims to prevent tax evasion by ensuring that goods are not moved without appropriate documentation and payment of GST. Further, wherever there is a mismatch between the details furnished in the e-way bill and the actual details of the goods/ conveyance, the GST Department may detain the goods/ conveyance until the person pays the differential tax and may even proceed with the confiscation proceedi