WHAT IS E-WAY BILL UNDER GST AND WHEN IT IS MANDATORY ?

 

WHAT IS E-WAY BILL UNDER GST ? 

If the taxable value of goods is more than Rs. 50,000 then E-way bill is mandatory for the movement of goods from one state to another or within a state the amount. The details of the consignor, consignee, the value of the goods, the place of origin, and destination of the goods, HSN of goods, rates of GST are required to mention in E-way bill. It is generated electronically on the GSTN portal. 

There is no requirement of e-way bill in the following cases:

If the value of goods does not exceed Rs. 50,000 then e way bill is not required for the movement of goods.

If the goods are exempted under GST or non taxable under GST then e way bill is not required for the movement of goods. 

The movement of Goods is for a distance less than 10 km within the state from the place of business of the consignor to the place of business of the transporter for further transportation. The goods are transported by a non-motorized conveyance like man pulling rickshaw or bullock cart.

In case of movement of goods to or from an airport, port or land customs station, air cargo complex, provided that the goods are cleared by customs. 

The non-compliance with the e-way bill rules may attract penalties of Rs.10000/- and can also lead to detention or seizure of the goods being transported. Therefore, it is important to comply with the e-way bill rules while transporting goods.

CA Khalid Rehman

(M.Com, Chartered Accountant)

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