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The E-way bill stands for electronic way bill. It is meant for movement of goods. It has to be generated on the GSTN. A ‘movement’ of goods of more than Rs 50,000 in value cannot be made by a registered person without an e-way bill. On the generation of the e-way bill, the parties to a supply (Supplier, recipient, and transporter) will be allotted a unique e-way bill number (EBN) without which movement of goods cannot be carried out in the GST regime.
Owing to downslide in the revenues post GST, the GST Council came up with a Circular that mandated to make E-Way bill mechanism a stronger one. This could be understood more by reading the circular issued by the Central Board for Indirect taxes and Customs.
This carries the detailed instructions on the procedures to be followed by field officers for e-way bill verification and interception of vehicles for inspection/detention of goods under the GST regime. It also details the procedures to be followed in case of interception of ‘conveyances' for inspection of goods in movement and detention, seizure and release and confiscation of such goods and vehicles.
E-way bill in the form of a print out, SMS or written on the invoice will be considered as valid.
The power to intercept any conveyance to verify EWB or the e-way bill number in physical form for all inter-State and intra-State movement of goods is given by the Commissioner himself or an officer empowered by him in this regard.
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