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31 August, 2017

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Govt. notifies E-Way Bill rules - A Quick Glance Summary

Govt. notifies E-Way Bill rules
 
The Central Government made 6th amendment in Central Goods and Services Tax Rules, 2017 (CGST Rules, 2017) to incorporate the left out provisions for e-way bill.
 
The Notification no. 27/2017-CT dated 30.08.2017 resulted into substitution of Rule 138 with new Rule 138 with further addition of new set of rules i.e. 138A to 138D. But, the date of the implementation of these rules has not been notified till date.
 
The salient aspects of e-way bill provisions are as follows –
 
• The provisions apply when value of consignment exceeds Rs. 50,000.
 
• Consignor who is registered is required to upload information in Part A of form GST EWB-01, electronically, before movement of goods commences.
 
• If consignor is not registered but consignee is registered, the consignee is required to upload the details electronically [Rule 138(1) of CGST Rules]
 
• If goods are transported in own conveyance or by air, railways or vessel, the consignor/consignee is also required to generate e-way bill form GST EWB-01 electronically on the common portal after furnishing information in Part B of form GST EWB-01 [Rule 138(2) of CGST Rules]
 
• If goods are transported by road by transporter, the consignor/consignee shall furnish information relating to transporter in Part B of form GST EWB-01. Transporter will generate the e-way bill [Rule 138(3) of CGST Rules]
 
• If the transport is less than 10 Kms from place of supplier to place of transporter, details of conveyance may not be furnished. In many cases, this limit is not sufficient.
 
• On submission of such information, a unique e-way bill number (EBN) will be generated by system.
 
• If goods are transshipped from one conveyance to other, details have to be submitted in form GST EWB-01 [Rule 138(5) of CGST Rules]
 
• If consignments are consolidated in one conveyance, consolidated e-way bill in form GST EWB-02 should be generated [Rule 138(6) of CGST Rules]
 
• If consignor or consignee does not generate any form, transporter himself must generate form GST EWB-01 [Rule 138(7) of CGST Rules]
 
• The e-way bill generated is valid for one day is transport of goods is less than 100 Km. Further, one additional day is allowed for every 100 Kms after first 100 Km. If goods could not be transported within that period, fresh e-way bill should be generated [Rule 138(10) of CGST Rules]
 
• Exemptions have been provided from provisions of e-way bill in case of transport of exempted goods, goods under customs clearance, LPG, kerosene, pearls, diamonds, jewellery, currency, coral and household effects.
 
• If a vehicle is intercepted and detained for more than 30 minutes, the transporter may upload the said information in form GST EWB-04 on the common portal [rule 138D of CGST Rules] [not clear what action will be taken and by whom]

Source:- Taxmann.com (Visit Official Website for Tax Related Updates)

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