An Electronic Way Bill (E-Way Bill) is an electronic document that is required for the movement of goods worth more than Rs. 50,000 within the country under the Goods and Services Tax (GST) regime. It is a unique document that contains details such as the value of goods, the name of the consignor and consignee, and the mode of transport, among others.

The E-Way Bill is generated online through the GST Common Portal by the registered person who is causing the movement of goods, or by the transporter. The E-Way Bill contains two parts- Part A and Part B. Part A contains details of the goods, the supplier, and the recipient, while Part B contains information related to the transporters and the vehicle.

The E-Way Bill system is designed to ensure the seamless movement of goods across the country, by eliminating the need for physical check-posts and inspections. The E-Way Bill system provides real-time monitoring and tracking of the movement of goods, enabling authorities to keep a check on tax evasion and ensure compliance with the GST regulations.

In case of any discrepancies or non-compliance with the E-Way Bill regulations, penalties and fines may be levied on the parties involved. The E-Way Bill system also provides for the cancellation or modification of the E-Way Bill in case of any changes in the details of the goods or the movement.

In summary, the E-Way Bill is an electronic document required for the movement of goods worth more than Rs. 50,000 within the country under the GST regime. It is generated online and contains details of the goods, supplier, recipient, and transporters. The E-Way Bill system is designed to ensure the seamless movement of goods across the country and to ensure compliance with the GST regulations.