E-way bill is an electronic document issued for the delivery of goods. It comes under GST. The e-way bill has two parts which are known as A and B. Full information of goods is given in both the parts.
Symbolic picture
This is big news for different transporters of the country. The government can make a big change in the e-way bill. According to the sources, the finance ministry can tweak the provisions related to expiry and fines of the e-way bill and the ministry is ready for this. It is ready to bring this proposal in the next meeting of GST.
The move is set to give relief to the transport industry. For a long time, transporters have been demanding that they be given relief by making changes in the e-way bill. The government has looked into it and has agreed to change it. In the past, several rounds of meetings have been held on this and it is being told that an agreement has been reached in this proposal in the government. Transporters have been demanding that the government change the provisions related to expiry and penalty of e-way bill.
What is the rule
Actually, to generate the e-way bill of commercial trains, the scale is set to cover a distance of 200 km in a day. There is a provision for heavy fines if the distance of 200 km in a day has not been covered in any Surat and the delivery of goods has been delayed. This fine has to be paid by the transporters, which is up to 200% of the tax value. It is now being said that the provision of 200 km can be changed. There are many rules and regulations applicable on the transportation of sensitive goods from the government, which if not fulfilled, a heavy penalty is imposed.
Where is the problem
There have been complaints from transporters that if there are vehicles on the roads, then there can be many practical problems. Traveling 200 km a day is also a big bet. Also, on the delay in the delivery of the goods, the transporter says that the goods get stuck in the Godown many times, which makes it difficult to deliver on time. In such a situation, the fine that is incurred is very heavy and the transporter has difficulty in paying. If there is a delay in getting the goods, then the risk of expiry is different. Transporters are also fined.
To avoid these hassles, the transporter argues that in this whole case, the buyer and seller (seller and buyer) should be kept and not the transporter. The Finance Ministry seems to agree on the transporter’s plea and there is scope to remove the provisions of fine and expiry.
When will be decided
According to sources, UP and Haryana also agree with this argument of transporters. There is no loss of tax in this. Neither the central nor state governments will incur tax losses. Therefore, this proposal can be brought in the next meeting of the GST Council and it can be agreed. The results of the elections of 5 states are going to come on 2 May, after which a meeting of the GST Council is possible. In this meeting, a big decision can be taken on the e-way bill which gives relief to the transporters.
What is e-way bill
E-way bill is an electronic document issued for the delivery of goods. It comes under GST. The e-way bill has two parts which are known as A and B. Part A includes invoice details, where the goods are going from, where to get the goods, product name, complete product information, its HSN code, quantity of the product, how much tax it is taxed, what is the tax rate, tax Amount and ID of the transporter are included. Under Part B, the number of the train is entered from which it is being transported.
How to generate e-way bill
There are three types of people involved in this whole work. Suppliers, transporters and receivers receiving goods. The supplier creates an invoice but this happens when the goods have to be shipped to another state. Delivery invoice is given for the same state. On this basis, the e-way bill is prepared. Whenever goods are sent out of the states, an e-way bill is made thereon. If the price of the goods is more than 50 thousand, then e-way bill is made, otherwise it is not needed. The thing to keep in mind here is that the e-way bill is valid only when the transporter’s train number is inserted in it. So Part A makes the supplier of the e-way bill while Part B makes the transporter.
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