IS E-WAY BILL REQUIRED FOR TRANSPORTERS WHO DONT HAVE GST NUMBER??

-
1. All INTER-STATE movement of goods having value Rs. 50,000 and more will be covered under      E- Way Bills provision and such provisions will be effective with effect from 1st Feb 2018.

 2. All INTRA-STATE movement of goods, the E-way bills system will be effective from 1st June        2018.

 3. As it is already discussed under Rule 138 of CGST Rules, E-way bill is to be generated by the person who causes movement of goods which is having value exceeding Rs. 50,000

4. E-way Bill is to generated on website =>   www.ewaybill.nic.in

5. E-way bill is generated by either Supplier/receiver/transporter. BUT HERE AN IMPORTANT ISSUE IS THAT we normally see many supplier/transporter/received is NOT REGISTERED on common portal or NOT HAVING GST NUMBER as they are not liable to get a GST Number BUT here an extra facility for such non registered person to generate E-Way bill by enrolling on above mention site.


  • Such detail is mentioned in PART A of E-Way Bill, where GST number of person who is generating the E-way bill is to mentioned BUT if the person is unregistered then instead of GST number URP(Unregistered Person) shud be mention. 
  • The recipient of goods if not having GST number can enroll themselves on ewaybill site and check that which goods are issued to them and they can take action i.e accept/reject on the basis of information.
  • such facility (action taken by receiver) is also available for persons having GST number
  • Necessary action shud be taken with 72 Hrs.


6.SITUATIONS WHERE E-WAY BILL IS COMPULSORY TO BE GENERATED EVEN IF VALUE IS LESS THAN RS. 50,000.

  • Where goods are sent by principal supplier of one state to the job work location in another state E-way is to generated no matter what the value of goods is.
  • In Case of handicraft goods where movement of goods is from one state to another state.


7. OTHER MINOR HIGHLIGHTS OF E-WAYS BILLS:

  • E-way Bill is to be cancel by person only who is generating it and it is to be cancel with in 24 Hours. If goods are on the way i.e movement of goods has been started then such E-way Cannot be cancel.
  • Validity of E-way Bill=>100km= 1 Days each , If distance 125 km then for 2 days E-way is Valid
  • Validity period starts from the time when part B of E-way bill is filled:i.e when vehicle detail is filled like its Number.  
  • The transporter can carry E-way Bill or E-way bill Number instead of carry multiple invoices of goods belong to different receiver. 
  • Once E-way bill is generated no amendment can be made after generation.
  • Vehicle detail i.e transporter detail can be updated any number of times.
  • Cancellation of E-way bill is by person who is generating E-way bill and rejection of E-way bill by the receiver of goods only. Cancellation can be with in 24 Hrs and Rejection can be within 72 Hrs. 

Comments

Post a Comment

Popular posts from this blog

INTEREST ON "Housing Loan VS Loan Against Property" + Tax Planning/Benefits.

-
Loan Against Property(LAP)  1. LAP is a loan which is given against the property. 2. Its is a secured loan where your property whether residential or commercial property is                        MORTGAGED and you get loan against it. 3. Here person already owns a property and he is taking loan against it. 4. Usage of loan can be for any other purpose as the borrower wishes. 5. Lending limit is usually 50% to 60% of the market value of the property.           Hence there is no upper limit of LAP, usually personal loans wont go beyond 10 to 15 Lacs. 6.  Interest on LAP : As the loan is already secured, hence the interest rates on LAP is usually on          the  lower side as compared to the personal loan. 7. TAX BENEFITS : As the borrower has mortgage his property hence NO TAX  BENEFITS           under section 80C and Se...
Read more

GST E WAY BILL- PART 2 GENERATION OF E WAY BILL

-
GENERATION OF E-WAY BILL: 1. PART A OF EWB- If Value of Goods> 50,000.,.then this part to be furnish by the person who is causing movement of goods 2. PART B OF EWB- It is to be furnish(fill) by person who causes movement of goods i.e sender/reciever when they are transporting on their own behalf.  GENERATION OF E WAY BILL BY TRANSPORTER THIS HAPPENS Only when E way bill not generated by Sender. BUT still in this case also Sender(i.e registered person) have to fill part A & B of EWB. After receiving goods transporter generate EWB on the basis of part A & Part B of EWB. AUTO POPULATED E-WAY BILL Registered person issued Invoice in GST INV-1  upload invoice on common portal generate Invoice Reference No. and same no. is valid for 30 days Here in this case no need to fill part A of EWB.,.it is auto populated on Common portal on the basis of GST INV 1 Then E way bill Number is generated and same shall be made available to sender/reciever/trans...
Read more

IS GST APPLY WHEN SUBSIDY IS LINKED TO SUPPLY/PRICE???

-
Section 15 of CGST Act, specifically provides that TRANSACTION VALUE   SHALL INCLUDE items which are specified in Clauses (a) to (e) Clause (e) : describes subsidy provided in any form or manner                     linked to the supply (Excluding Government Subsidy)                     will also be included in Transaction Value. Here in this clause: nothing is mentioned about who is providing the subsidy. Hence,subsidy provided  by any Person in any FORM             it shall also be included in transaction value. IMPORTANT POINT IS: Subsidy shud be directly linked to the price. EXAMPLE 1 : What about Gas Subsidy as such subsidy is also related to supply of GAS                                       CYLINDERS?? The company is making...
Read more