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How to Update Vehicle No. & Transporter ID in an E-way Bill?

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E-way bill is generated by the registered person under GST or the transporter for the seamless transportation of goods worth Rs. 50,000 or more in the state or interstate. Once the generation is completed e-way bill cannot be completed, however, it’s possible in some cases - Vehicle Number, Transporter ID, & more if changes have been made. Somehow or other, many individuals are not aware of the steps of updating these details. If you can also not find the appropriate way for the same, this article is going to be the best guide for you. How to Edit Eway Bill? In India, sooner or later, most taxpayers are required to edit or update information in e-way bills. An e-Way Bill already generated via the online eway bill portal needs to be modified in some cases, like vehicle breakdown, missing entering vehicle number during bill generation, transhipment, and replacement of transporter. The GST taxpayers must follow below mentioned steps to make corrections in the e-Way Bill on GST porta: Change Vehicle Number in E Way Bill If the case of vehicle malfunctions or the vehicle number is not entered during the e-way bill generation or transhipment of goods from one vehicle to another, the user necessitates to correct or update the vehicle number. Follow the below steps to modify the vehicle number in the e-Way Bill: Step 1: Go for login ewaybill to the portal of the e-way bill using the appropriate credentials Step 2: Click on the e-Way Bill option & choose Update Vehicle No. Step 3: Once this option is chosen, a new page will open wherein they will be required to go with either e-Way Bill Number or Generated Date. Pick any of the options and press the “Go” button. Step 4: You will find a new page the taxpayer or transporter requires to update (i) Vehicle Number (ii) Place (iii) Choose the valid reason for the modification from the menu - Transhipment, Vehicle Failure, or updated earlier. It should be noted that if the mode of transportation is changing then the GST taxpayer or transporter has to enter the Transporter Document Number. Step 5: Once the above details are entered ‘click’ on the Submit button.  After entering all the above details click on the Submit button. Sooner, it gets modified you can take eway bill print copy or a hard copy. Note: If you need to edit the Vehicle Number in a consolidated e-Way Bill, you just have to change Step 2, the rest steps remain the same. Step 2: Select the Consolidated e-Way Bill menu given on the left side of the window and opt for the re-generate option from the drop-down menu How to make changes in the Transporter ID in the E Way Bill? In case, when the transporter who generated the e-Way Bill originally is replaced due to some reason goods will be transported by another transporter. Or, maybe, the seller is required to re-assign the Transporter ID. In such kind of cases, the transporter or GST taxpayer might need to modify the e-Way Bill. here are the steps given below can ease the modification process: Step 1: First, log in to the e way bill portal using Step 2: Select the e-Way Bill menu mentioned on the left side of the window and choose the ‘Update the EWB Transporter’ option Step 3: The GST taxpayer or the transporter will find a new page where they need to put the e-way bill number. After entering the e-Way Bill number they will need to click on the ‘Go’ button. Step 4: A new page will open where you will have to enter the new Transporter ID. On this page, you may also verify the transporter’s Name after entering the ID. Step 5: After the details of the transporter are verified, click on the Submit button. Just after clicking on the button, the e-Way Bill gets updated. Then, you can take a eway bill print copy. It must be noted that in this condition the change is made only in Transporter’s ID, not the e-Way Bill Number. With the above give steps, you can only update the e-way bill that has already been generated. Nevertheless, only modifications are bound to some extent at the online eway bill portal. If some details are wrongly entered then it will not be modified after the completion. Such an E-way bill can only be modified when the taxpayer or the transporter rejects such electronic bills or cancels the already generated e way bill online. only after that, GST taxpayers can create a fresh e-Way Bill with the correct details. How to Cancel an e-Way Bill? If the goods were not transported or will not be transported due to detailed furnishing in the bill, at this situation, the person who generated such e-way bills can apply for the cancellation of the e-way bill below-given steps: Step 1: Log in to the e-way bill...

5 Key Benefits of Using E Way Bill for Transporter

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E-way bills are receipts or documents with details and instructions related to the shipment of goods consignment issues by the carrier and anybody can create an e way bill online easily. The details may include the consignor’s name, recipient, and the point of consignment’s origin, route, and destination. An e-Way Bills is an adherence mechanism  Where a person causes the movement of goods and the right information through a digital interface to be equipped before the movement of goods gets started and creates an E-way bill on the portal of GST. What is the meaning of an E-way bill? An E-way bill means an electronic waybill. The e-way bill will apply to the goods movements in inter and intra State Transportation. As the name suggests, it’s an electronic document created from the eway bill portal demonstrating the goods movement. It’s an obedience system under the GST through a digital interface for the person who causes the goods movement must upload the right details before the movement of goods starts and make an e-way bill on the GST portal. It contains the following details- Name of consignor Consignee The point of origin of the consignment Destination details and Route E-Way Bill Requirements For Transporter If a transporter needs to transfer goods from one means to another during transit then the transporter has to create a new e-way bill in Form GST EWB-01 before such transition. Where the goods are carried from the area of the transporter to the business place and such distance is less than 10 kilometers, at that, time details of such vehicle (Transporter to Business Location) is not needed to be furnished. If the transporter has to deliver consignments in bulk in a single vehicle then they may indicate a Serial No. of e-way bills created for all consignments and a consolidated E way bill in FORM GST EWB-02 can be generated before the goods movement.  If the sender has not made an e-way bill then the transporter must generate Form GST EWB-01 as per the invoice or bill of delivery or supply challan, if the goods’ value is more than Rs. 50,000. The Commissioner may need a class of transporters to get a unique RFID (Radio Frequency Identification Device) to receive the said device underlined onto the vehicle and find the e-way bill to the RFID before the goods’ movement.  Now, let’s move on to explore the advantages of the e-way bill.  5 Top Advantages of E-way Bills Are Discussed Below: A few key benefits of the e-way bill are listed below: 1. Less Documentation No state-particular documentation would be required for goods transportation. The RGID device inside the carrier providing regular consignments is another perk for transporters. The driver is not required to carry the e-way bill’s physical copies as it’s mappable now and confirmed utilizing the RGIC device is in the vehicle, avoiding the inconvenience of carrying tangible documents.  2. Cost Reduction Electronic billing removes management costs by accepting suitable invoicing and preventing tax avoidance. Additionally, the portion of logistics costs to GST is forecasted to go down, which is now relatively high compared to other countries.  3. Fast & Efficient Transportation The introduction of the e-way bill has made the whole ewaybill systems faster and more efficient. It minimized the number of checkpoints that crossed national routes and state lines. Furthermore, it fulfilled the gap between around 85000 yearly average kilometers covered by Indian trucks and nearly 150000 to 250000 kilometers in already developed countries. 4. Simple and quick generation of e-way bill The creation of e-way bills is done via the government-set online portal. However, the e way bill portal and e-way bill mechanism are simple and user-friendly. Through the system, it’s likely to be possible for dealers to a self eway bill generate, and it’s like a no bigger task nowadays. In the coming days, the procedure is anticipated to be more simplified so that a layman can generate an e-way bill and ease the movement of commodities.  5. Easy and Quick Generation The generation of the e-Way bill process is simple and quick with an easy-to-use interface. In addition, this can assist in maximizing tax compliance through units covered under the GST administration. When E-way bill is required? When the goods movement is worth more than Rs. 50,000, the registered person bounds to generate an E-way bill before the goods movement starts. The reason for goods movement may be Supply, reasons besides supply or inward supplies got from a non-registered individual. The E-way bill can be created even for consignments below Rs. 50,000. The limit of Rs. 50,000 is not applied under the situations given below (An electronic bill is needed in each case): 1. When goods are delivered by the major interstate for the job task. 2. When handmade goods are sent interstate by an individual who has been liberated from the requirement of getting registration under clauses 1 & 2 of section 24 of the Act.  Who should generate an e-way bill? Every registered...