Now, companies that are registered under GST can use e-way bills to record their supply digitally. GST Network (GSTN) informed the taxpayers that an update in the e-way bill system will enable them to terminate these bills voluntarily once the goods have been transported.
Previously, the e-way bill system could only be used to keep track of where the goods originated and how they had been carried from that location. There was no digital way to formally record the completion of the supply process. The new update makes it possible for them to maintain a record of the transaction while ensuring accountability in transporting the goods. Under GST, carrying an e-way bill is mandatory for transporting goods worth more than ₹50,000.
This document is generated by a GST-registered person or transporter on the GST platform before the movement of goods. GSTN stated that the e-way bill can now be closed by the supplier, recipient, transporter, driver, or any authorized person whose mobile number has been registered for this process. These changes are being made to ensure data accuracy, better monitoring of goods movement, and strengthen system-based transaction closure.
Since the implementation of GST on July 1, 2017, physical check posts across states have been removed, facilitating the movement of goods and reducing time.