Escolar Documentos
Profissional Documentos
Cultura Documentos
By:
Pranav Sharma
E-WAY BILL
Introduction:
Transport and logistics industry is important for the movement of goods across the country.
With a 10% annual growth every year, the sector has reaped the benefits of rapid expansion
in the automobile industry, changes in taxation, and the boom of the e-com sector which
relies on logistics for pan-India service.
Single e-Way Bill for movement of the goods throughout the country.
To prevent the evasion of tax.
Hassle free movement of goods across India.
Tracking the movement of goods with e-Way Bill number.
Easier verification of the e-Way Bill by officers with previous verification records.
In relation to a ‘supply’.
For reasons other than a ‘supply’ (a return).
Due to inward ‘supply’ from an unregistered person.
The term ‘supply’ usually means:
Therefore, e-way bills must be generated on the common portal for all these types of
movements.
Unregistered persons or their transporters may also choose to generate an e-way bill. This
means that an e-way bill can be generated by both registered and unregistered persons.
However, where a supply is made by an unregistered person to a registered person, the
receiver will have to ensure all the compliances are met as if they were the supplier.
An e-way bill contains two parts- Part A to be furnished by the person who is causing
movement of goods of consignment value exceeding Rs.50,000/- and part B (transport
details) to be furnished by the person who is transporting the goods.
The consignment of available e-way bill is accepted by the recipient who is registered
on common portal
If in case the recipient doesn’t respond to the available E-way bill details within 72
hours, then it is considered that the e-way bill is accepted by the recipient.
The E-way bill does not need consent in the following case and considered to be accepted:
Reduce time taken in multiple check posts and make movement efficient.
Better tracking of transported goods with mechanism like RFTG.
Reduce India Logistic cost to GDP ratio currently very high compared to other
nations.
Reduce tax evasions with proper invoicing.
Digitization of the documentation process will ensure accountability and easier
verification.
Conclusion:
Karnataka e-way bill successful implementation comes as a silver lining. However it
important for Government to pacify industry nervousness by simplifying rules for e-way bills
and ensuring robust IT backbone .The transition from pen and paper to online documentation
will have to be done in phases with ample scope for necessary changes. And most
importantly, the government will also have to factor in unavoidable delays (say due to natural
or man-made calamities) and list out the rules for expired e-way bills in such cases. If
implemented wisely, e-way bills have the potential to reshape the logistics industry and make
transport of goods easier and faster.