GST EWAY BILL
PrintListen to this Article
1)E-Way Bill will be required for movement of all goods, whether within the state or across states. E-way bills is even required for transport of goods outside the GST ambit, for example exempt goods like agricultural products.
2) Entire process requires participation by Supplier, Transporter and Recipient. For transport of goods exceeding Rs 50,000 in Value- - Supplier to upload details onto the GSTN portal.
- Transporter (In case of Third Party Transport Company) will upload further details to create a final e-way bill. This e-way bill is to be carried along with the goods that are being transported.
Upon generation of the e-way bill on the GSTN portal, a unique e-way bill number (EBN) shall be made available to the supplier, the transporter and the recipient of goods.
- Recipient of the goods- if a registered entity under GST, has to communicate its acceptance or rejection of the consignment covered by the e-way bill, within 72 hours of the details being available on the GSTN portal. Else, the recipient is deemed to have accepted the details.
3) In Case of an Accident if goods would be transferred from one vehicle to another than transporter has to create a new e-way bill on the GSTN portal, before further transit.
4) Multiple consignments are to be transported in one vehicle (say, a lorry is catering to three different suppliers), the transporter is required to indicate the serial number of the e-way bills generated in respect of each such consignment on the GSTN portal. A consolidated e-way bill in the required form is to be generated by the transporter prior to the movement of goods.
5) Validity period of the e-way bill, which is dependent upon the distance involved for transport of goods
- Distance less than 100 kms - validity 1 Day
- 100 Km to 300 km- Validity 3 Days
- 300 Km to 500 km- Validity 5 days
- 500 Km to 1000 km- Validity 10 days
- More than 1000km- Validity 15 days
Category : GST | Comments : 0 | Hits : 1061
How to Claim GST Refund in India: Complete Step-by-Step Guide Goods and Services Tax (GST) has simplified indirect taxation in India, but claiming a refund can often be confusing for businesses and taxpayers. Whether it’s an export refund, excess payment, or any other type of GST refund, following the correct procedure is essential to avoid delays or rejection. This guide provides a complete, step-by-step process, required documents, common mistakes, and tracking tips for claiming a GST...
GST for Freelancers & Consultants
GST for Freelancers & Consultants During recent times we have witnessed a massive rise in the freelance economy with professionals like designers, writers, consultants, etc offering freelance services. A freelancer is a person who provides his/her professional services on a contractual basis. Under GST, freelancers are treated as service providers. To ensure business legitimacy and ensure growth the GST implications on freelance business needs to be properly understood. In this re...
(This is only for check ) The Goods and Services Tax (GST) framework in India continues to evolve, with the government introducing several important updates aimed at enhancing compliance, improving transparency, and simplifying procedures for taxpayers.
The Goods and Services Tax (GST) Department has recently sent out an advisory to specific GST taxpayers about the first chance given to correct errors in their previously filed GSTR-3B forms. This facility was provided due to discrepancies found between the data stored in the GST system and the data that was actually submitted regarding ITC claims, tax payments, etc. This advisory was sent via registered emails to those taxpayers who are directly affected, and these taxpayers can also see the d...
The Hon’ble Orrisa High Court in the case of Akshya Kumar Sahu v. Commissioner, Central Goods and Service Tax & Central Excise [Writ Petition (Civil) No. 4644 of 2024 dated February 29, 2024] disposed of the writ petition where Mr. Akshya Kumar Sahu (“the Petitioner”) sought to file an application for revocation of cancellation of registration, but could not file Form GSTR-3B due to suspension of GSTIN. Hence, aggrieved by the circumstances, the...
Comments