{"id":41488,"date":"2023-06-20T12:18:57","date_gmt":"2023-06-20T06:48:57","guid":{"rendered":"https:\/\/www.techjockey.com\/blog\/?p=41488"},"modified":"2023-06-26T16:46:47","modified_gmt":"2023-06-26T11:16:47","slug":"how-to-cancel-e-way-bill","status":"publish","type":"post","link":"https:\/\/www.techjockey.com\/blog\/how-to-cancel-e-way-bill","title":{"rendered":"How to Cancel E-way Bill After 24 Hours?"},"content":{"rendered":"\n
Summary:<\/strong> E-way bills are important for suppliers and carriers of goods while shipping them from one location to the other. To read more about e-way bills, generation and cancellation of e-way bills, modification of the same, refer to the article below.<\/p>\n\n\n\n
On a daily basis, several goods are transported from one place to another, or interstate movement of goods takes place. For transporting goods of amount \u20b950,000 or more, one needs to generate and carry an e-way bill with them. This article further explains the meaning of an e-way bill, when it is required to be generated, how to cancel it when needed, and more. Let\u2019s read further to understand it better.<\/p>\n\n\n\n
<\/span>What is an e-Way Bill?<\/span><\/h2>\n\n\n\n
An e-way bill is a piece of paper that an individual in-charge of transportation must carry and that contains information about how to ship products with a value greater than \u20b950,000. In most cases, it displays the sender\u2019s and recipient’s names, the consignment’s origin and destination, the total distance traveled, and other information regarding the carrier partner. Platforms like Kernel Finances offer a wide range of services that help in the easy preparation of the e-way bill.<\/p>\n\n\n\n
In short, it is a legal shipping\/transportation document that goes with the transportation and lists the consignee, consignor, starting point of shipment, and final destination along with the product\u2019s description, value, and weight.<\/p>\n\n\n\n
<\/span>Why Cancel an e-way Bill?<\/span><\/h2>\n\n\n\n
Due to unforeseen circumstances, one needs to cancel an e-way bill. Any of the below-mentioned circumstances could lead to the cancellation of e way bill:<\/p>\n\n\n\n
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As a result of a data entry error<\/li>\n\n\n\n
Commodities\u2019 non-movement, due to some reason<\/li>\n\n\n\n
For other specific reasons from either side of the party (consigner or consignee)<\/li>\n<\/ul>\n\n\n\n
<\/span>What is the Time Limitation for Canceling E-way Bill?<\/span><\/h2>\n\n\n\n
The e-way bill cancellation process requires the user to log in to the portal and provide a justification for cancellation. According to the GST Act, it is against the law and punishable by fine or imprisonment to use the GST E-way Bill after it has been cancelled.<\/p>\n\n\n\n
Additionally, if a mistake happens or if the products are not delivered on the date as indicated in the e-way bill, it is advised to cancel the bill and create a new one. Only the supplier is permitted to cancel an e-way bill within 24 hours.<\/p>\n\n\n\n
Recipients cannot cancel an e-way bill in this case. However, if the supplier misses out on the chance to cancel the bill, he can ask the recipient to cancel the bill at his end within 72 hours of the bill generation.<\/p>\n\n\n\n
<\/span>How to Cancel E-way Bill After 24 Hours?<\/span><\/h2>\n\n\n
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If an e-way bill is created but there is no shipment of goods, it must be cancelled within the duration of 24 hours of creation. However, the system will not permit the consignor to cancel if the same if it exceeds the limit of 24 hours.<\/p>\n\n\n\n
In case of delay, one must ask the recipient to cancel the electronic-way bill from his end using the same portal within the duration of 72hrs of its generation.<\/p>\n\n\n\n
However, if the 72-hour deadline for rejecting the E-way bill also passes, there is no other process to cancel the e-Way bill. Hence, it becomes crucial to immediately cancel any e-way bill that is invalid, improperly created, or does not enable the proper flow of goods.<\/p>\n\n\n\n
<\/span>The Role of Software Like Kernel Finances in e-Way Bill Generation<\/span><\/h2>\n\n\n\n