2 Replies
Shivam RC
(Student)
(23683 Points)
Replied 19 February 2018
If you supply goods inter-state and the Consignment value exceeds ₹50,000 then it is mandatory to pre-register your goods with the GSTN portal and prepare E-way Bill for the transaction.
Shivam RC
(Student)
(23683 Points)
Replied 19 February 2018
E-WAY BILL Applicability :
The E-Way Bill Mechanism has been started in India from 16th January 2018 on a Trial Run Basis and was finalised to begin it from 1st of February 2018. But due to some technical glitches, it has been furthered delayed and will be implemented after notification of the GST Council.
Some important FAQ's regarding E-Way Bill is listed below :
Q1). Who is responsible for E-way Bill ?
Ans.: The responsibility for E-way Bill is :
Ist – The Supplier
IInd – The receiver
IIIrd – the Registered person if Purchase or sale from a Un-Registered Person/dealer
Q2).What type of supply is covered under E-Way Bill ?
Ans.: All types of movements of Goods are Covered under E-Way Bill. Including Rejection, Sale Return, Repair and Maintance and Job Work or material send for Job Work with A Delivery Challan. The approx Value will have to be shown on Delivery Challan of Job work and E-way Bill to be made for this Challan.
Q3). What Amount is covered under E-Way Bill ?
Ans.: Material value up to Rs. 50000/- is not covered under E-way Bill. If the total Value of material when loaded in a single vehicle is more than ₹ 50,000 E-way bill will have to be generated by the Transporter.
Q4). How Many parts of the E-way bill has to be filled by the requisite person?
Ans.: There are 2 parts of E-way bill - it’s A and B. In PART A, we fill the detail of Goods receiver , items detail and Value of Goods. And PART B I the Column of Transporter detail; i.e. Transport name, vehicle number, and GR number.
Q5). What is the limit to fill in Part B of E-way Bill?
Ans.: If the material Dispatch less than 10 km, through hand delivery or Rickshaw part B will not be required.
Q6). What is the Identity of Goods in E-way Bill?
Ans.: The Goods will be Identified with the HSN Code shown is E-way Bill.
Q7). Any Printout of E-way bill need with the Invoice of Goods?
Ans.: No Printout need with the Invoice of Goods, show only number of E-way bill in front of Invoice.
Q8). What is Consolidated E-way Bill ?
Ans.: consolidated E-way bill is generated when the transporter is carrying multiple consignments in a single vehicle. Consolidated E-Way allows the transporter to carry a single document ,instead of a separate document for each consignment in a conveyance.
Q9). What is the validity of E-way Bill?
Ans.: The validity of E-way Bill is:
00 to 100 Km. : 01 Days
100 to 300 Km.: 03 Days
300 to 500 Km. : 05 Days
500 to 1000 Km. : 10 Days
More than 10000 km.: 15 Days
Q10). What is the penalty of non-filling of E-way Bill ?
Ans.: the penalty of non-filling of E-way Bill is 200% of GST value of invoice.
And please note that there is no editing in E-way bill after final submission.
Thank You..
......….........................
GST
1 NATION...🇮🇳
1 TAX.....🇮🇳
1 MARKET..🇮🇳
The E-Way Bill Mechanism has been started in India from 16th January 2018 on a Trial Run Basis and was finalised to begin it from 1st of February 2018. But due to some technical glitches, it has been furthered delayed and will be implemented after notification of the GST Council.
Some important FAQ's regarding E-Way Bill is listed below :
Q1). Who is responsible for E-way Bill ?
Ans.: The responsibility for E-way Bill is :
Ist – The Supplier
IInd – The receiver
IIIrd – the Registered person if Purchase or sale from a Un-Registered Person/dealer
Q2).What type of supply is covered under E-Way Bill ?
Ans.: All types of movements of Goods are Covered under E-Way Bill. Including Rejection, Sale Return, Repair and Maintance and Job Work or material send for Job Work with A Delivery Challan. The approx Value will have to be shown on Delivery Challan of Job work and E-way Bill to be made for this Challan.
Q3). What Amount is covered under E-Way Bill ?
Ans.: Material value up to Rs. 50000/- is not covered under E-way Bill. If the total Value of material when loaded in a single vehicle is more than ₹ 50,000 E-way bill will have to be generated by the Transporter.
Q4). How Many parts of the E-way bill has to be filled by the requisite person?
Ans.: There are 2 parts of E-way bill - it’s A and B. In PART A, we fill the detail of Goods receiver , items detail and Value of Goods. And PART B I the Column of Transporter detail; i.e. Transport name, vehicle number, and GR number.
Q5). What is the limit to fill in Part B of E-way Bill?
Ans.: If the material Dispatch less than 10 km, through hand delivery or Rickshaw part B will not be required.
Q6). What is the Identity of Goods in E-way Bill?
Ans.: The Goods will be Identified with the HSN Code shown is E-way Bill.
Q7). Any Printout of E-way bill need with the Invoice of Goods?
Ans.: No Printout need with the Invoice of Goods, show only number of E-way bill in front of Invoice.
Q8). What is Consolidated E-way Bill ?
Ans.: consolidated E-way bill is generated when the transporter is carrying multiple consignments in a single vehicle. Consolidated E-Way allows the transporter to carry a single document ,instead of a separate document for each consignment in a conveyance.
Q9). What is the validity of E-way Bill?
Ans.: The validity of E-way Bill is:
00 to 100 Km. : 01 Days
100 to 300 Km.: 03 Days
300 to 500 Km. : 05 Days
500 to 1000 Km. : 10 Days
More than 10000 km.: 15 Days
Q10). What is the penalty of non-filling of E-way Bill ?
Ans.: the penalty of non-filling of E-way Bill is 200% of GST value of invoice.
And please note that there is no editing in E-way bill after final submission.
Thank You..
......….........................
GST
1 NATION...🇮🇳
1 TAX.....🇮🇳
1 MARKET..🇮🇳
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