With a vision to bring uniformity across the nation, Government of India is rolling out the electronic
What is an e-Way bill?
e-Way bill is a document required to be carried by a person in charge of the conveyance carrying any consignment of goods of value exceeding fifty thousand rupees as mandated by the Government in the Goods and Services Tax Act. It is generated from the GST Common Portal by the registered persons or transporters who cause movement of goods on consignment before the commencement of such movement.
Need for an e-Way bill:
The e-Way bill provisions under GST aims to bring in a uniform e-Way bill rule which will be applicable throughout the country.
The e-Way bill mechanism will ensure that goods being transported comply with the GST Law and is a useful tool to track the movement of goods and check tax evasion. The new system will help in:
Who needs to generate & carry an e-Way bill
This system generated bill will have to be carried by every eligible transporter to move the goods from one place to another. Under the Goods and Services Tax rolled out in, inter-state movement of goods beyond 10 km, with a value of Rs. 50,000 and above, will mandatorily require an e-Way bill.
Every registered person, who causes movement of goods, needs to generate the e-Way bill. If the registered person is unable to generate the e-Way bill, the transporter who transports the goods can generate the e-Way bill on behalf of his/her client. If the movement is caused by an unregistered person, he may at his option generate the e-Way bill.
What is the validity of e-Way Bill:
The validity depends upon the distance to be travelled by the goods.
Part-A entry is made by the supplier to temporarily store the document details on the e-Way bill system. Once the goods are ready for movement from the business premises, the registered person shall first furnish the information relating to the transporter in Part B of Form on the government portal and then, the e-Way bill shall be generated by the transporter on the basis of the information furnished by the registered person in Part A of the Form.
This process is seamlessly executed on FarEye’s mobile/web solution which is helping the transporters and the suppliers avoid penalties of non-filing of e-Way Bill, which can go up to 200% of GST value of the invoice.
FarEye empowers businesses by quickly building and deploying the e-Way bill system without worrying about the integration with end hardware or existing/external software setups. It all happens at a speed of light with a simple drag & drop functionality.
Benefits of Digital Logistics
More information on
we had a chance to have a word with Mr. Kushal Nahata, Co-Founder & CEO of FarEye regarding LMF Asia and his trip to Singapore. Here is a snapshot of the conversation with him on the interesting insights & the key takeaways from LMF Asia: 2016.
With the world’s first Business Process Management Engine for Logistics as its foundation, FarEye’s team of experts are now developing machine learning capabilities, Artificial Intelligence and Smart Analytics in order to create a future-oriented technology architecture which is ready for Industry 4.0!
Nearly all Fortune 500 companies have already adopted cloud solution services to cut-down costs and increase sales. Powerful IT professionals have commented on its inevitable dominance on Information Technology Industry in the coming years.