In which cases e way bill is not required?
Specific transactions that do not require eway bill From ICD or CFS to a customs port, airport, air cargo etc under customs bond. From one customs port/station to another one under customs bond. Goods transported under the customs supervision or customs seal.
Is waybill required?
The e-way bill is required to transport all the goods except exempted under the notifications or rules. Movement of handicraft goods or goods for job-work purposes under specified circumstances also requires e-way bill even if the value of consignment is less than fifty thousand rupees.
Is e way bill required for below 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.
Is e way bill required for less than 10 kms?
Yes, e-way bill is required to be generated even in case of movement of goods within 10 km.
What happens if e way bill 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 compulsory within city?
Supply to consignee – If intrastate supply is going directly to the consignee if the value of the consignment exceed Rs. 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 waybill necessary in GST?
E-way bill generation is mandatory in case of movement of goods by a person having GST registration where the consignment value exceeds INR 50,000. However, under certain situations, E-way bill generation is not required and the same situations are listed down under current article.
Why do we need waybill?
Purpose of E-Way Bill E-way bill is a mechanism to ensure that goods being transported comply with the GST Law and is an effective tool to track movement of goods and check tax evasion.
Can transporter generate e way bill?
The consignor or consignee, as a registered person or a transporter of the goods can generate the e-way bill. The unregistered transporter can enroll on the common portal and generate the e-way bill for movement of goods for his clients.
What is the penalty for not having e way bill?
Why e way bill is important?
E-way bill is a mechanism to ensure that goods being transported comply with the GST Law and is an effective tool to track movement of goods and check tax evasion. The validity of e-way bill depends on the distance to be travelled by the goods.
Is GST number mandatory for e-way bill?
Normally, E-way bill is generated by the Registered Person but, there is an option on E-way Bill system where even a person who does not have GST No. Being the owner of the small shop and having a turnover of less than 20Lakh he does not have GST Number.
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