10 July 2024
Under the E-way bill system in India, penalties can be levied for various violations. Here are some common penalties under the E-way bill system:
1. **No E-way Bill:** If an E-way bill is required for the movement of goods but it is not generated, a penalty of Rs. 10,000 or the tax sought to be evaded (whichever is greater) can be imposed.
2. **Incorrect Information:** If incorrect or misleading information is provided while generating the E-way bill, a penalty of Rs. 10,000 or the tax sought to be evaded (whichever is greater) can be levied.
3. **Contravention of Rules:** Any contravention of the rules under the E-way bill provisions may attract a penalty of Rs. 10,000 or the tax sought to be evaded (whichever is greater).
4. **Detention and Seizure:** Goods transported without a valid E-way bill can be detained or seized, and can be released only on payment of applicable tax and penalty.
5. **Late Filing of Part-B:** If Part-B of the E-way bill (transport details) is not updated within the prescribed time, a penalty of Rs. 100 per day (Rs. 50 under CGST and Rs. 50 under SGST) of default can be levied, subject to a maximum of Rs. 10,000.
These penalties are applicable under the Goods and Services Tax (GST) regime and are enforced to ensure compliance with the rules and to deter tax evasion. It's important for businesses to adhere to the E-way bill requirements to avoid these penalties and ensure smooth logistics operations.
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