E-Way Bill (Electronic Way Bill)

E-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. 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.  If neither the consignor nor the consignee has generated the E-way Bill, the transporter of the goods becomes liable to generate it. When the consignor or transporter generates the E-way bill, the recipient for the consignment has to either accept or reject it on the portal. If no action is taken by the recipient in 72 hours, it shall be taken as accepted. The E-way bill must be raised before the goods are shipped and should include details of the goods, their consignor, recipient and transporter. GST levy and E-way bill are expected to root out such transit delays, while at the same time plugging tax evasion.