In order to curtail tax evasion loopholes, a new system of E-way bill has been introduced by linking GSTIN. Accordingly, the new E-way bill can be generated from the GST portal by filling the form GST EWB-01. This is mandatory for all kinds of goods transported through road/air/ship/rail etc if the value of the goods is above Rs.50,000.
In this article let see some of the important points related to the goods transported through airways.
- If the goods are transported through airways, then the consignor or the recipient has to complete Part A of Form GST EWB-01
- For transporting the goods through the airway, apart from the invoice, delivery challan, airway bill number which is the transport document number has to be updated.
- Airway bill it is not a document of title to the goods and hence it is non-negotiable.
- The air waybill is a receipt issued by an airline which is an evidence for transporting the goods.
- If the supplier has not generated the e-way bill then the transporter has to generate for transporting the goods through airways.
- E-way bill has to be updated with transport document details as soon as the submission and collection of transport document from air authority.
- E-way bill need not be generated if the goods are moved for customs clearance from an airport, air cargo complex or land customs station to Inland Container Depot or Container Freight Station.
- But when the goods are transported from the customs to the recipient’s registered place, then the e-way bill has to be generated.
- E-way bill validity starts when the first entry is made in Part-B – when the transport document number entry (Airway bill no) is first entered.
- For multiple modes of transportation, as and when the goods reach the concerned location the corresponding transport number has to be updated by the supplier or the transporter.