Goods and Services Tax – GST – By: – Dr. Sanjiv Agarwal – Dated:- 14-9-2017 Last Replied Date:- 17-9-2017 – The Central Board of Excise and Customs has issued rules on the Electronic Way bill that requires registered entities to furnish information to the GST-Network (GSTN) website, relating to goods worth more than INR 50,000 they intend to move within a state or outside. Moving goods worth more than INR 50,000 under GST will require prior online registration of the consignment and securing an e-waybill that tax officials can inspect any time during transit to check tax evasion. GSTN will generate e-waybills valid for days, depending on the distance to be travelled one day for 100 km. According to norms, upon generation of the e-way bill on the common portal, a unique E-way Bill Number (EBN) shall be made available to the supplier, the recipient and the transporter on the common portal. The person in-charge of conveyance will be required to carry the invoice or bill of supply or deli
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on the common (GSTN) portal. The salient features of e-way bills are as follows: Freight worth over INR 50,000 will require obtaining prior registration and generation of e-way bill under the GST regime Tax officials would be empowered to inspect e-way bills any time during the journey to check for tax evasion. Every registered person who causes movement of goods of consignment value exceeding INR 50,000 in relation to a supply, for reasons other than supply, or due to inward supply from an unregistered person, shall before commencement of movement, furnish information relating to the said goods in Part A of Form GST INS-01, electronically, on the common portal GSTN. The e-way bills will be valid for days from the date of generation depending upon the distance the goods have to be transported, where one day would equal 100 km. The rules propose to authorise the tax commissioner or an officer empowered by him to intercept any conveyance to verify the e-way bill or the number in physical
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t of goods shall carry while the goods are in movement or in transit storage . At present, some 40-50 per cent of goods moved by road, at a conservative estimate, are under-reported. Under these circumstances, at least having an EBN system to collect data from consignments above INR 50,000 appears to be fair and equitable to suppliers, transporters and receivers. In case an enforcement officer decides at random to inspect a truck and check the veracity of the declaration by matching with the EBN at a time when the GSTN portal is not functioning, then the vehicle should not be detained beyond 30 minutes. There can be genuine concerns with e-way bills and consequent actions on enquiry. In case of mismatch or wrong declaration by transporters, goods may be offloaded at the risk and cost of supplier/common carrier/transporter and concerned vehicle should be allowed to go so that other consignments in the truck belonging to several receivers are not held up. The e-way bill in the GST regime
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which tracking of goods will be enabled through Radio Frequency Identification. The use of e-way bills for inter-State movement of goods is a remarkable initiative as it will enable standardization of processes and bring transparency in the system. This proposal has immense potential to root out the corrupt practices in this sector to a large extent. Moving goods with fake bills would be difficult in GST regime. Companies will have to generate electronic waybills through the GST portal for inter-state movement of goods. While this is an improvement over the earlier system, there are fears that trucks may still be stopped at State borders. – Reply By Ganeshan Kalyani – The Reply = Dear Sir, The article is very informative. Nicely compiled Sir.In the VAT regime trucks were detained for want of documents. Even if the goods were exempted the officer inspecting the vehicle did not spare the truck owner and issues notice to visit office for further verification. The vehicle would then be re
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