- Who is responsible for e way Bill?
- How do you calculate distance between E bills?
- Is e way bill required for movement within 10 km?
- Is e way bill required within city?
- In which cases e way Bill is not required?
- Is e way bill required for gold?
- Is hard copy of e way Bill mandatory?
- What is the minimum distance required for e way Bill?
- Is e way bill required for services?
- What happens if EWAY bill is not generated?
- Is e way bill required for value less than 50000?
- Why is e way bill required?
Who is responsible for e way Bill?
One of the crucial issues faced by industry is assigning the responsibility for generating the e-way bill.
According to the law, the onus is clearly on the consignor or consignee who is responsible for the movement of goods of value exceeding 50,000 INR..
How do you calculate distance between E bills?
1. Calculation of Approximate distance. The validity of eway bill depends upon the distance between the location of the supplier and the location of the recipient and not the distance between the location of transporter and location of the recipient.
Is e way bill required for movement within 10 km?
Interstate supply – If in case the supply is interstate and the goods value is more than 50,000 than GST E Way Bill is mandatory to generate. … 50,000 while the distance is even within 1 km and transported through the motorized vehicle, it is mandatory to generate GST E Way Bill.
Is e way bill required within city?
E way Bill for sending goods within the state Thus, there is no requirement of the permits (E way Bill) for movement of goods within the state as of today. … However, no E way Bill is required to be generated for intra-city movement of any goods including the above.
In which cases e way Bill is not required?
Other transactional cases where eway bill is not required are: eway bill is optional for Goods of value less than Rs. 50,000 (except in cases of mandatory Eway bill provisions like the movement of Handicraft goods and movement of goods for Inter-state Job work )
Is e way bill required for gold?
Currently, inter-state movement of goods over Rs 50,000 requires an e-way bill but gold is exempt. Given tax evasion and smuggling of gold, the GST Council created a group of ministers to examine if implementing the e-way bill mechanism for gold and precious stones is feasible.
Is hard copy of e way Bill mandatory?
For the fact, GST E Way Bill is an electronically generated bill which is mandatory for transportation of goods having value more than INR 50000 and must be generated prior to the transporting of the consignment. …
What is the minimum distance required for e way Bill?
20 KmNo e-Way bill is required for movement of goods upto a distance of 20 Km from the place of business of consignor to a weighbridge for weighment or from the weighbridge back to the place of business of consignor, within the same State, subject to the condition that the movement of goods is accompanied by a delivery …
Is e way bill required for services?
Ans: Yes, an e-way bill is required to be generated in relation to supply and even for the purpose other than supply, therefore wherever there is any movement of goods of the consignment value exceeding Rs. 50,000/- even as a part of services, the e-way bill would be required to be generated.
What happens if EWAY bill is not generated?
Moving goods without the cover of an invoice and Eway bill constitutes an offence and attracts a penalty of Rs. 10,000 or the tax sought to be evaded (whichever is greater). Hence, the bare minimum penalty that is levied for not complying the rules is Rs. 10,000.
Is e way bill required for value less than 50000?
Registered Person – Eway bill must be generated when there is a movement of goods of more than Rs 50,000 in value to or from a registered person. A Registered person or the transporter may choose to generate and carry eway bill even if the value of goods is less than Rs 50,000.
Why is e way bill required?
It was used to monitor movement of goods to/ from a state in order to check tax evasion. A way bill is typically required to accompany goods on their movement from consignor to consignee. … Under GST, E-way bill is governed by a uniform set of rules applicable throughout the country.