Feedback   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Home Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles News Highlights
Extracts
Home List
← Previous Next →

E-WAY BILLS IN GST

Goods and Services Tax - GST - By: - Dr. Sanjiv Agarwal - Dated:- 14-9-2017 Last Replied Date:- 17-9-2017 - The Central Board of Excise and Customs has issued rules on the Electronic Way bill that requires registered entities to furnish information to the GST-Network (GSTN) website, relating to goods worth more than INR 50,000 they intend to move within a state or outside. Moving goods worth more than INR 50,000 under GST will require prior online registration of the consignment and securing an .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ery challan, and a copy of the e-way bill or the e-way bill number, either physically or mapped to a Radio Frequency Identification Device (RFID) embedded on to the conveyance. The rules authorise the tax commissioner or an officer empowered by him on his behalf to intercept any conveyance to verify the e-way bill or the number in physical form for all inter-state and intra-state movement of goods. Further, CGST Rules, 2017 as notified by Notification No. 3/2017-Central Tax dated 19.06.2017 stip .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

n the common (GSTN) portal. The salient features of e-way bills are as follows: Freight worth over INR 50,000 will require obtaining prior registration and generation of e-way bill under the GST regime Tax officials would be empowered to inspect e-way bills any time during the journey to check for tax evasion. Every registered person who causes movement of goods of consignment value exceeding INR 50,000 in relation to a supply, for reasons other than supply, or due to inward supply from an unreg .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

form for all inter-State and intra-State movement of goods. A summary report of the inspection of goods would be expected to be submitted within 24 hours of inspection and the final report within three days. Vide Notification No. 4/2017-CT dated 19.06.2017 w.e.f. 22.06.2017, Central Government has notified www.gst.gov.in as the Common Goods and Services Tax Electronic Portal for facilitating registration, payment of tax, furnishing of returns, computation and settlement of integrated tax and ele .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

of goods shall carry while the goods are in movement or in transit storage . At present, some 40-50 per cent of goods moved by road, at a conservative estimate, are under-reported. Under these circumstances, at least having an EBN system to collect data from consignments above INR 50,000 appears to be fair and equitable to suppliers, transporters and receivers. In case an enforcement officer decides at random to inspect a truck and check the veracity of the declaration by matching with the EBN .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

will put an additional layer of documentation by way of prior online registration of the consignment for transporting shipments exceeding INR 50,000. The requirement of securing e-way bill for inspection by GST officials in transit is likely to lead to interception of vehicles in all inter-State and intra-State movement of goods. The unorganized nature of the logistics sector may make it difficult for players to adopt to electronic-way bills, as the country readies to migrate to the GST regime. .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Forum
what is new what is new
  ↓     bird's eye view     ↓  


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version