Latest Updates
10 Jan 2024
Blocking the generation of E-Way Bill without e-Invoice/IRN has been withdrawn.
05 Jan 2024
Reporting of 4/6 digit HSN in e-Waybill from 1st February 2024.
For any business that engages in the movement of goods, the e-way bill is an essential document as it helps in the seamless transportation of goods from one place to another. It is an electronic document that has to be generated for the movement of goods worth more than Rs. 50,000, and it is valid for the entire duration of the movement of goods. However, there are certain conditions that need to be met for the e-way bill to be valid, and one of them is the furnishing of information in PART-B of FORM GST EWB-01.
According to the GST law, the e-way bill is not valid if the information in PART-B of FORM GST EWB-01 is not furnished. This means that if the person responsible for the transportation of goods fails to furnish the necessary information in PART-B of FORM GST EWB-01, the e-way bill will be considered invalid, and the transportation of goods will be deemed illegal.
PART-B of FORM GST EWB-01 is the section of the e-way bill that contains information about the transportation of goods. It includes details such as the mode of transportation, the vehicle number, the place of delivery, the distance travelled, and the transporter's details. The information in PART-B of FORM GST EWB-01 is crucial as it helps in the tracking of the movement of goods and ensures that the transportation of goods is done in compliance with the GST law.
If the person responsible for the transportation of goods fails to furnish the necessary information in PART-B of FORM GST EWB-01, the e-way bill will be considered invalid. This means that the transportation of goods will be deemed illegal, and the person responsible for the transportation of goods will be liable to pay a penalty equal to the tax amount that is applicable on the goods being transported.
In addition to the penalty, the person responsible for the transportation of goods will also be liable to pay the tax amount that is applicable on the goods being transported. This means that if the goods being transported are liable for a tax of Rs. 10,000, the person responsible for the transportation of goods will have to pay a penalty of Rs. 10,000 in addition to the tax amount.
The best way to avoid the invalidation of the e-way bill due to non-furnishing of information in PART-B of FORM GST EWB-01 is to ensure that all the necessary details are furnished correctly and completely. This includes details such as the mode of transportation, the vehicle number, the place of delivery, the distance travelled, and the transporter's details.
It is also important to ensure that the e-way bill is generated before the movement of goods commences. This will help in avoiding any delays or complications during the transportation of goods.
The e-way bill is an essential document for any business that engages in the movement of goods. It helps in the seamless transportation of goods from one place to another and ensures that the transportation of goods is done in compliance with the GST law. However, it is important to ensure that all the necessary details are furnished correctly and completely in PART-B of FORM GST EWB-01 to avoid the invalidation of the e-way bill and the penalties that come with it.
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