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GST UPDATE Validity of E-way bill The E-way bill once generated from the GSTN portal for the movement of goods has a time limit for which it will be valid. The validity of an E-way is discussed as follows: If the distance is less than 100km- 1 Day If the distance is 100 km or more but less than 300km- 3 Days If the distance is 300 km or more but less than 500km- 5 Days If the distance is 500 km or more but less than 1000km- 10 Days If the distance is 1000 km or more- 15 Days
GST UPDATE: What is the penalty of non-filling of E-way Bill ? Is it editable ? Ans.: The penalty of non-filling of E-way Bill is 200% of GST value of invoice. And please note that there is no editing in E-way bill after final submission. What is the validity of E-way Bill? Ans.: The validity of E-way Bill is: #00 to 100 Km. : 01 Days #100 to 300 Km.: 03 Days #300 to 500 Km. : 05 Days #500 to 1000 Km. : 10 Days #More than 10000 km.: 15 Days What is Consolidated E-way Bill? Ans.: consolidated E-way bill is generated when the transporter is carrying multiple consignments in a single vehicle. Consolidated E-Way allows the transporter to carry a single document , instead of a separate document for each consignment in a conveyance. Any Printout of E-way bill need with the Invoice of Goods? Ans.: No Printout need with the Invoice of Goods, show only number of E-way bill in front of Invoice What is the Identity of Goods in E-way Bill? Ans.: The Goods will be identified with the HSN Code shown in E-way Bill What is the limit of fill Part B in E-way Bill? Ans.: If the material Dispatch less than 10Km. through by hand or Rickshaw part B will not be required How Many part file in E-way Bill? Ans.: There are 2 part of E-way bill, it’s A and B. Part A, we have to mention the detail of Goods receiver , items detail and Value of Goods. Part B is a Column of Transporter details such as Transport name, vehicle number, and GR number What Amount is cover under E-Way Bill? Ans.: Material valued up to Rs. 50000/= are not covered under E-way Bill, if the total Value of material who load in a single vehicle more than 50000/= E-way bill will be generated by the Transporter what type of supply is cover under E-Way Bill? Ans.: There are all type of movements of Goods Cover under E-Way Bill. Which Include Rejection, Sale Return, Repair and Maintance and Job Work or material send for Job Work with a Delivery Challan. A approx Value will be there on Delivery Challan of Job work and make a E-way Bill for this Challan Who is responsible for E-way Bill ? Ans.: The responsibility for E-way Bill is of: Ist – The Supplier IInd – The receiver IIIrd – the Registered person if Purchase or sale from a Un-Registered Person/dealer E-Way bill will be implementing from 01-02-2018 in all over India. Some important FAQ of E-Way Bill:
GST on textile job works cut; e-way bill provisions finalised HIGHLIGHTS GST Council (20th) meeting Update 1. Total Registration- 86 lacs 2. E way bills given in-principle approval a. Limit of 50000 not changed b. Eway bill not to be issued for exempted goods c. Eway bill not to be issued of goods are travelling within 10 km radius 3. Jobwork of all kinds of textiles will be taxed at 5%. Earlier some types of jobwork were taxed at 18% 4. Rates on tractor parts brought down to 18% 5. Government given work contracts like roads bridges canals will now be taxed at 12% with credits. Earlier this was 18%. 6. Anti profiteering mechanism will get kick started by appointing state wise committees For more information Finanza Management Services LLP Kapil@fmsllp.in
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