Invoice without eway

[Raman Singla]

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??

AI Summary

Transporting Goods Without Eway Bill for B2C Over 50K Invites Penalties Under GST Regulations A discussion on a forum addresses the issue of transporting goods without an Eway bill for B2C transactions, even when the invoice exceeds 50,000. Participants highlight that this constitutes an offense under GST regulations, attracting a penalty of 10,000 or the tax amount sought to be evaded, whichever is greater. Additionally, if a vehicle is found transporting goods without an Eway bill, it may be detained or seized, requiring payment of the tax and penalty for release. The penalty could be 100% of the tax payable or 50% of the goods' value if the owner opts not to pay.