The Punjab taxation department had, just a few days back, impounded 23 vehicles that were carrying goods worth lakhs of rupees without the mandatory Electronic Way Bill. The owner of the goods will have to shell out Rs
The e Way Bill has been made mandatory by the government for the ... Views: 722
E way bill is a document required to be carried by a person in charge of the conveyance carrying any consignment of goods of value exceeding fifty thousand rupees mandated by the government in terms of section 68 of the GST Act read with rule 138 of the rules framed there under.
Generate e ... Views: 807
If a supplier is transporting multiple consignments of goods in a single vehicle, he/she can generate a consolidated e-Way Bill. This means that if different consignments are being ferried in the same vehicle, the consignor need not generate multiple e Way Bills. All he/she has to do is generate ... Views: 374
The e-way bill will by June become a regular occurrence for most movements of goods within India. Unlike a GST compliant invoice which must be issued when there is a supply; an e-way bill is released before the movement of the products. When that is considered the number of e-way bills is ... Views: 764
The government has decided to rollout the e-Way bill for intra-state moment of goods in four more states and a union territory, concerned over the system collapsing like it happened when the e-Way bill was introduced on February 1, the centre had decided to rollout the e Way bill in a phased ... Views: 757
Rule 138 discusses in details when an e-way bill is required and the same Rule notes the scenarios when there is no e-way bill required. Sub-rule 14 has 14 conditions where no e-way bill is required to be generated. From a business operation perspective, you should assume generally that when the ... Views: 521
Reports have come in that the Central Board of Indirect Taxes and Customs (CBIC) has announced that there will be no need to extend the validity of the e-Way Bill when the goods are stored in the warehouse of the transporter.
This move on the part of the CBIC will definitely provide relief to ... Views: 392
The GST or the Goods and Services Tax is a Value Added Tax that is supposed to be a comprehensive indirect tax that will be imposed on the manufacture, sale and consumption of goods at the national level. It plans to impose a uniform tax regime throughout the country by replacing all the ... Views: 514