When goods moved interstate worth more than Rs.50,000, the registered person is required to generate an E-way Bill according to government regulations.
The GST E-way Bill portal enables users to cancel E-way Bills for various reasons. The GST Act requires suppliers and transporters who transport or store goods for transport to get a GST E-way Bill. Nevertheless, a registered person may cancel an E-way Bill if he decides it is necessary.
Let's examine a procedure for cancelling an E-way Bill within 24 hours and after 24 hours to 72 hours in this article.
Important notes:
Click here if you want to know How to generate E-way Bills using the Portal
When the allotted goods have not been transported, a significant mismatch exists between the goods allotted and the details as specified on the registered E-way Bill, the registered person can cancel the E-way Bill.
The person cancelling the E-way Bill should enter the E-way Bill portal and specify the reason for cancelling.
As provided in the GST Act, using the same E-way Bill after a GST E-way Bill has been cancelled is illegal and subject to penalty or imprisonment. In addition, due to the fact that an incorrect E-way Bill cannot be corrected, it's recommended to cancel the E-way Bill and create a new one if a mistake occurs or if the goods are not delivered as specified in the E-way Bill.
Important note: Only the supplier can cancel an E-way Bill within 24 hours and not the recipient.
E-way Bills can be cancelled within 24 hours by the supplier of the goods. Nevertheless, if the supplier is unable to cancel the E-way Bill and has passed the 24-hour deadline, the supplier could request that the receiver cancel the E-way Bill.
Important notes:
As part of this article, we will provide you with a detailed step-by-step guide for cancelling an E-way Bill document.
The registered person must explain why the generated E-way Bill should be cancelled.