E way bill Generation on Different states

Hi,

I want to ask,

If Company A is selling some goods to Company B, and both Companies are registered in the same State. For Example they are both registered in Punjab. But Company B wants delivery of goods in Delhi.

So while generating E way bill Company B asks Company A to generate E way bill using option "Bill to - Ship to" and enter delivery address of Delhi. 

And E waybill website also allows us to do so.

Is this kind of eway bill generated correct?

Can any GST officer take objection during inspection?

What can be any other consequences for this type of transaction?