Business profile wholesale and retail
Eway is created for b2b transaction but not for b2c even invoice greater than 50000 not more than 1 lac
What are consequences of this act??
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Business profile wholesale and retail
Eway is created for b2b transaction but not for b2c even invoice greater than 50000 not more than 1 lac
What are consequences of this act??
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It may attract penal action of ₹ 10000/-
Moving goods without the cover of an invoice and Eway bill constitutes an offence and attracts a penalty of ₹ 10,000 or the tax sought to be evaded (whichever is greater).
Hence, the bare minimum penalty that is levied for not complying the rules is ₹ 10,000, as referred in above reply.
Further to add to my above post, that the vehicle that is found to be transporting the goods without an Eway bill can be detained or seized and would be released only on payment of appropriate tax and penalty as specified by the officer.
Under this, there could be two situations:
If the owner wishes to pay the penalty, he must pay 100% of the tax payable.
If not, the penalty will be equal to 50% of the value of goods.
Material is taken by customer self on cash payment from premises for Intra State Movement....and there is no vehicle specified...
Moving of goods without E-Way Bill may add a penalty of ₹ 10000. Also if the vehcile is found to be moving without E-Way Bill the
If the owner wishes to pay the penalty, he must pay 100% of the tax payable.
If not, the penalty will be equal to 50% of the value of goods.
Shri
If supplies are made to unregistered person and material are delivered Ex-factory (works) mention the same in Invoice and relax.
As transfer of title of property and delivery both get terminated at factory or works place and to generate eway bill is the responsibility of receiver of goods.
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