E-way bills are electronic documents required for moving goods worth over ₹50,000 under the GST regime.

When to Generate E-Way Bills

1. Inter-state movements: Generate e-way bills for inter-state movements of goods.
2. Intra-state movements: Generate e-way bills for intra-state movements of goods, as per state-specific rules.
3. Supply types: Generate e-way bills for all supply types, including sales, purchases, and transfers.

E-Way Bill Generation Process

1. Register on e-way bill portal: Register on the e-way bill portal (ewaybill.nic.in).
2. Obtain GSTIN: Obtain a GSTIN (Goods and Services Tax Identification Number).
3. Update vehicle details: Update vehicle details, if applicable.
4. Enter transaction details: Enter transaction details, including invoice number, date, and value.
5. Generate e-way bill: Generate the e-way bill and print or download it.

E-Way Bill Parts

1. Part A: Contains supplier and recipient details.
2. Part B: Contains transportation details.

E-Way Bill Validity

1. Less than ₹50,000: No e-way bill required.
2. ₹50,000 to ₹1.5 lakhs: Validity: 1 day.
3. ₹1.5 lakhs to ₹2.5 lakhs: Validity: 3 days.
4. Over ₹2.5 lakhs: Validity: 10 days.

Consequences of Non-Compliance

1. Penalties: Up to ₹10,000 or amount of tax evaded.
2. Interest: 18% per annum.

Best Practices

1. Verify e-way bill: Verify the e-way bill before movement.
2. Carry physical copy: Carry a physical copy of the e-way bill.
3. Update vehicle details: Update vehicle details regularly.

References

1. GST Act, 2017.
2. GST Rules, 2017.
3. CBIC notifications.

Additional Resources

1. E-way bill portal (ewaybill.nic.in).
2. GST portal (gst.gov.in).
3. CBIC website (cbic.gov.in).