As per draft of Electronic Way Bill Rules, person causing movement of goods of consignment value exceeding Rs. 50000/- in value is required to furnish information relating to such goods before commencement of movement in Form GST INS-01 or GST INS-02 electronically on the common portal. An option to generate e-way bill is permissible even if the value of the consignment is lower than Rs. 50000/-. Now check more details from below…
E-Waybill under GST – Queries Asked by Clients to CA
Author Details i) If the movement of goods is in excess of 50,000 INR then an E-Waybill needs to be generated from the GST portal. ii) E-Waybill needs to be generated even if removal of goods is not supply like sending goods to job worker iii) If goods are handed over to transporter and E-Waybill is not generated then transporter can also generate E-waybill from GST portal. This facility of generation of E-Waybill will also be made available through SMS. On generation of E-Waybill, an unique number will be issued and it will made available to supplier, recipient and transporter. Further, the validity of E-Waybill depends on the distance of movement of goods like for 0 to 100 KM distance, a generated E-Waybill will be valid for 1 day etc. The E-Waybill form is GST INS 01. i) Government can mandate certain class of transporter to use Radio Frequency Identification Device (RFID) on their vehicle. With this RFID the E-Waybill can be mapped for faster detection and clearance of vehicle at check post. ii) The officer should the upload the summary of every inspection on common portal within 24 hours. iii) If a vehicle is detained for more than 30 minutes, then a transporter can update such incident on common portal in form GST INS-04. MJL & Co, Jaipur (Chartered Accountants)Email – MJLco.jaipur@gmail.com (ph – 0141-4915113) Recommended Articles
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