Everything to Know about E-way Bill

 The e-way framework is compulsory in India. It is accordingly significant that one must become accustomed to this framework so that there are no issues after that. The e-way bill is the archive produced electronically and is a must for the business that is moving products worth more than Rs.50000 from one spot to another. E-Way system contains actual data about the products that are being moved and other fundamental data. There are sure situations where one doesn't need any e-way bill, for example, for the situation when the vehicle is in non-engine mode, products that are moved from custom ports, air terminals, and so on, merchandise shipped through rail where the agent is government, individual and utilized family unit stuff, lamp oil that is sold under the PDS, in the event of empty freight holders there is likewise no requirement for e-way bill etc. One must, prior to producing the e-way bill, must investigate this list.

Three parties could generate the e-way bill. These are mentioned as follow:

• Registered Individuals –E-Way is to be generated electronically when the exchange of products to or from an unregistered individual is more noteworthy than ₹ 50,000 in worth. Regardless of whether the estimation of products is not exactly ₹ 50,000, a registered individual can generate the e-way bill.
• Unregistered Individuals-They are also needed to produce an e-way bill when they makes a supply to the registered ones, the beneficiary would need to guarantee that all conditions and requirements are fulfilled as if they were the providers.
• Transporters– Transporters moving products by any mode such as road, water etc. are required to generate an e-way bill if there is no e-way bill produced from the provider or purchaser side.

Certain documents are essential for the generation of e -way bill. Without these, the consigner would not able to generate the e-way bill. These documents are:

• Challan receipt, provider bill, or conveyance challan
• Carrier ID (whenever moved by street)
• Vehicle number
• Record number and date of transportation (whenever shipped by rail, air, or water vessel)

The government has introduced E-way bill to fulfill various important objectives. The most important objective of the e- way bill is to ensure no hassles in the movement of goods throughout the country by introducing a single bill system. With e- way bill, now no one needs different transit pass for each state while moving the goods from one state to another. E-way bill has paved the way for the self-declaration model from the departmental policing model, which has made the whole process more flexible and easier. Now the user can easily monitor the generation of these bills on behalf of their account. Also, a single e way bill can be generated in case of multiple consignments. E-way bill can also be generated through multiple modes, thus making it user friendly. These modes include mobile apps, online websites, SMS facilities, API etc. One can choose the mode of generation in which they feel more comfortable. Hence various benefits are related to the introduction of the E-way bill. Some of the benefits provided are mentioned as below:

• With the introduction of e- way bill, the need for documentation has reduced significantly. All the documentation that was earlier required in the case of the interstate movement has now been eliminated. This saves lots of time, and one needs to waste their time and effort in filing these documents.
• With E- way now, there is no need to stop at various check posts for inspection because of the modern digital interface. This has resulted in faster movement of goods, thus leading to optimum utilization of resources and vehicles.
• The e way bill interface is user friendly, and there are no complications involved in filling these and downloading it. This has made it possible for everyone to use it and comply with government regulations.
• This new system of billing has provided the tool to the government to look out for tax evasion activity of the individual. It thus is a tracking tool for the government to get hold of wrongful activities of the individual concerned.
• Due to the online system, these bills are very easy and fast to generate.
• Because of E-bill, the logistic costs are reduced as it helps boost truck processing time and thereby increase the average distance traveled. This all results in a reduction of travel time as well as cost.

These are some of the benefits that are offered by e-way bills over the traditional system and this why the government of India has made it mandatory. To make the generation of E-way bill, one can seek the help of e way bill software in India.  There are various benefits of E way bill software such as:

• With cloud based technology, one can easily access their account anytime and anywhere. There is no restriction on place and time.
•  E way software is not complicated. They are easy to use, thus leading to a more convenient and quicker approach to filling such bills.
• They are available for your help 24x7 for any technical issue that one might be facing with the software.
• They provide real time integration with the government portal, thus helps in saving time.
•  Also, these soft wares provide you with the facility of inbuilt calculator that helps you in calculating the distances between the two places very easily.
• Tracking of the exact location of the system becomes much easier with the help of such software.
• One can easily cancel or reject the wrong E- way bill with just one click, thus providing the user wimore flexibility.

These benefits show that one needs to get the e way software for seamless and easy transportation of goods from one place to another. They will make the e way bill compliance much easier, especially for the small businesses. To conclude, these are some of the basic things that one must be aware of about the e -way bills. E way bills indeed have made it possible to bring in more transparency and thus ensures there is no evasion of tax.