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Way bill

N V S Pawan Kumar (student) (113 Points)

20 December 2007

Hi..

What is a way bill? When is it used ? does it have any relevance while taking CENVAT credit?

Thanks

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14 Replies

CA. Amit Daga (Finance Controller CA. CS. CFA. CIFRS. M.COM. ) (9017 Points)
Replied 20 December 2007

1 Like

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CA. Amit Daga (Finance Controller CA. CS. CFA. CIFRS. M.COM. ) (9017 Points)
Replied 20 December 2007

(Guest)

A waybill is a form issued by Sales Tax Department to the person who wants either to purchase goods from other states or to sale goods to dealers of other states. It is a documentary proof of CST transaction held between dealers of two states or between dealer and final consumer of two states and thereby is a must for making CST purchases.

Ramesh Kothari (Manager-EOU commercial) (161 Points)
Replied 21 December 2007

way bill is instrument issued by the Concern commercial tax dept to procure the good fm Interstate it is no way concern with excise Cenvat Regards Ramesh Kothari

(Guest)

Way bill is a printed form of various state Govt. for inter state transaction in order to prove about the transaction and to avail the (CST) saving. It is mendatory for all shorts of interstate transaction.

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susant (Audittor) (22 Points)
Replied 16 February 2010

i want know about the form "c" or way bil detail.when we purchases other state then what i do???????????????

RAMESH KUMAR VERMA ( CS PURSUING ) (43853 Points)
Replied 16 February 2010

MR. SUSANT,

FORM C IS ISSUED BY A REG. DEALER (PURCHASER) TO SELLER OF

GOODS IN CASE OF CST SO AS TO CHARGE HIM SALES TAX AT LESSER

RATE.

CMA.Baskar.V (Cost Accountant) (400 Points)
Replied 26 February 2010

hi susant ,

1. Form "C" is the Sales Tax document and the same issued by the registered purchase dealer to registered Seller of goods. In this form, the purchaser has to declare invoice number and invoice date and value of invoice. If purchasear not issued C form within the prescribed time limit by the department, the seller can claim differcial tax amount from purchaser.

2. Way bill noting but transportation document issued by purchaser to seller for transport the goods between differenct states.

By CMA.Baskar.V

SATRUGHAN RAJBHAR (Accountant) (21 Points)
Replied 21 June 2011

I just want to know the time limit of way bill part I validatation. In what maximum time i will generate part II using the part I way bill key number?

ramana (accountant) (21 Points)
Replied 25 January 2012

dear sir

how many states used in waybill in india

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Varun (Proprietor) (34 Points)
Replied 28 January 2012

Dear Sir,

I would appreciate if you could help me out on this.

Company B in Maharasthra contacts Company A in MP to supply goods to Company C in AP under 6(2) Sale/ sale in Transit/ E1 E2 Sale. Who would the AP WAYBILL be issued to as supplier, Company A or B?

eg. Company A issues invoice to Company B

Company B issues invoice and L/R to Company C using E1/E2 exchange.

Company C raises AP WayBill - who would it be issued under.

Thanks for your help in advance.

Rgds,

Varun