Kishan Patukale Management Consultants

04/11/2018

Warm and heartfelt wishes this Diwali

06/10/2018

22/02/2018

E-Assessment in Income Tax

21/02/2018

GST update

23/01/2018

E- Way Bill

1. What is an e-Way Bill?

E-Way Bill is an electronic way bill for movement of goods which can be generated on the e-Way Bill Portal. Transport of goods of more than Rs 50,000 in value cannot be made by a registered person without an e-way bill.
E-way bill can also be generated or cancelled through SMS.
When an e-way bill is generated a unique e-way bill number (EBN) is allocated and is available to the supplier, recipient, and the transporter.

Latest Update on e-Way Bill

1. E way bill rules will be rolled out on a trial basis from 16th Jan 2018

2. The e-way bill for inter-state transport will be implemented in India from 1st February 2018

3. The states can opt to follow the e-way bill system for intra-state transport anytime between 1st Feb to 1st June 2018

4. From 1st June 2018 e-way bill rules for intra-state transport will uniformly apply to all states.


2. When Should e-Way Bill be issued?

E-way bill will be generated when there is a movement of goods of value more than Rs. 50,000 –

• In relation to a ‘supply’

• For reasons other than a ‘supply’ ( say a return)

• Due to inward ‘supply’ from an unregistered person

For this purpose, a supply may be either of the following:

• A supply made for a consideration (payment) in the course of business

• A supply made for a consideration (payment) which may not be in the course of business

• A supply without consideration (without payment)In simpler terms, the term ‘supply’ usually means a:

1. Sale – sale of goods and payment made

2. Transfer – branch transfers for instance

3. Barter/Exchange – where the payment is by goods instead of in money

Therefore, e-Way Bills must be generated on the common portal for all these types of movements.


3. Cases when e-Way bill is Not Required
In the following cases it is not necessary to generate e-Way Bil:
1. The mode of transport is non-motor vehicle

2. Goods transported from port, airport, air cargo complex or land customs station to Inland Container Depot (ICD) or Container Freight Station (CFS) for clearance by Customs.

3. Transport of specified goods
Note: Part B of e-Way Bill is not required to be filled where the distance between the consigner or consignee and the transporter is less than 10 Kms and transport is within the same state.

4. Who should Generate an e-Way Bill?
• Registered Person – E-way bill must be generated when there is a movement of goods of more than Rs 50,000 in value to or from a Registered Person. A Registered person or the transporter may choose to generate and carry e-way bill even if the value of goods is less than Rs 50,000.
• Unregistered Persons – Unregistered persons are also required to generate e-Way Bill. However, where a supply is made by an unregistered person to a registered person, the receiver will have to ensure all the compliances are met as if they were the supplier.
• Transporter – Transporters carrying goods by road, air, rail, etc. also need to generate e-Way Bill if the supplier has not generated an e-Way Bill.


5. States that have Notified e-Way Bill
The following states have notified e-Way bill for inter-state transport:
1. Karnataka
2. Uttarakhand
3. Rajasthan
4. Kerala
5. Jharkhand
6. Sikkim
7. Goa
8. Telangana
9. Himachal Pradesh
10. Puducherry

6. Process to generate e-Way Bill
E-Way Bill can be generated on the e-Way Bill Portal. All you need is a Portal login. For a detailed step-by-step guide on e-Way Bill Generation check out our article – Guide to generate e-Way Bill online.

7. Validity of e-Way Bill
An e-way bill is valid for periods as listed below, which is based on the distance travelled by the goods. Validity is calculated from the date and time of generation of e-way bill-

Distance Less than 100 Kms - Validity is 1 Day
Distance of every additional 100 kms or part thereof - Validity is additional 1 day.

8. Documents or Details required to generate e-Way Bill
1. Invoice/ Bill of Supply/ Challan related to the consignment of goods.
2. Transport by road – Transporter ID or Vehicle number.
3. Transport by rail, air, or ship – Transporter ID, Transport document number, and date on the document.

22/01/2018

11/09/2017

WELCOME to new e-WAY BILL SYSTEM, A system for hassle free movement of goods throughout the Country with one e-Way Bill

Tax Payers may note that e-SUGAM is being withdrawn from today. Please start using e-Way Bill system

ONE TIME REGISTRATION: The GST tax payer can open the web site http://gst.kar.nic.in/ewaybill and select the option ‘E-Way Bill Registration’. Here, the tax payer has to enter his GSTIN and on validation, the system shows him his GSTIN details and request for send OTP. The OTP will be sent to the tax payer’s registered mobile number. After entry and validation of OTP, username and password, the system creates the username and password for the tax payer.
Generation of e-Way Bill: The tax payer after logging in, select the ‘new’ option under ‘Generate EWB’ menu and enter the transaction details as per the document of the goods and enter the transporter details of Vehicle number. After validating all the fields, the system generates the e-Way Bill document with unique Number. It may be noted that the e-Way Bill is not validate without the Vehicle number entry. The vehicle number can be entered by the tax payer or the transporter. The e-way bill can be cancelled within 24 hours by the tax payer. The other party of the goods can reject the e-way bill, if it does not belongs to him.
Features of New e-Way Bill system: The new system facilitates the tax payers to enter his master entries for customers, suppliers, transporters and products. This information will help him in quicker and easier generation of e-way bills later. There are different modes of e-way bill generation – Web based, SMS based, Mobile App based, Bulk generation, API based, Suvidha Provider based. The tax payer can also generate and manage multiple sub-users and assign them the roles on the e-way bill system. The tax payer needs to take care while managing the sub-users to avoid mis-utilisation of his GSTIN.
ONE TIME ENROLMENT FOR GST UNREGISTERED TRANSPORTERS: Unregistered transporter to open web site http://gst.kar.nic.in/ewaybill and go to ‘Enrolment for Transporter’ option. Enter the PAN details, other business details and authenticate with OTP. The OTP will be sent to his mobile number. After entry and validation of OTP, username and password, the system creates the username and password for the transporter.
GOOD LUCK….Start using the e-way Bill system from today…

05/09/2017

Due date for filing Tax Audit Report for A.Y. : 2017-18