9911796707
TMI BlogInvoice without ewayX X X X Extracts X X X X X X X X Extracts X X X X ..... 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?? - Reply By YAGAY andSUN - The Reply = It may attract penal action of ₹ 10000/- - Reply By Mahir S - The Reply = Moving goods without the cover of an invoice and Eway bill constitutes an offence and attracts a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. - Reply By Mahir S - The 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 release ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d 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. - Reply By Raman Singla - The Reply = Material is taken by customer self on cash payment from premises for Intra State Movemen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t....and there is no vehicle specified... - Reply By Bhavika Chothani - The Reply = 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. - Reply By Alkesh Jani - The Reply ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... = 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. - Invoice without eway - Query Started By: - Raman Singla Dated:- 3-8-2020 Goods and Services Tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - GST - Got 6 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
