Skip to main content

E-way relief, for now, to e-commerce, courier firms sending small orders

 E-way relief, for now, to e-commerce, courier firms sending small orders
The requirement for such bills in intra-state movement would be implemented in a phased manner
Small orders that are part of a large consignment of multiple deliveries will not require generation of an electronic-way bill from April 1. A relief to e-commerce, courier companies and the like. Only, this relaxation might be temporary.
At its meeting on Saturday, the Goods and Services Tax (GST) Council decided to make it mandatory for inter-state movement of goods worth over Rs 50,000 to have e-way bills from April 1. The requirement for such bills in intra-state movement would be implemented in a phased manner.
Giving details of the decision, the finance ministry said, "At present (from April 1), there is no requirement to generate an e-way bill where an individual consignment value is less than Rs 50,000, even if the transporter is carrying goods worth than Rs 50,000 in a single conveyance.This essentially means if a truck out for delivery is carrying 20 orders, of which four are priced over Rs 50,000, only four e-way bills will need to be generated.
Pratik Jain, partner at consultants PwC India, said this would help transporters, specially those carrying small e-commerce, courier and food items.However, the ministry also said provisions for making the e-way bill mandatory for these small orders, contained in sub-rule (7) of rule 138, is to be notified from a later date.
Vishal Sharma, senior vice-president, ShopClues, said," this move should be made permanent."He said the step would boost the growth of MSME sector.The validity of an e-way bill is one day, ending at midnight of the day immediately following the date of generation. The Council has now provided relief from this requirement in certain situations.The ministry said: “If the goods cannot be transported within the validity period of the e-way bill, the transporter may extend the validity period in case of trans-shipment or in case of circumstances of an exceptional nature."
Sources said this means a bill’s validity will be extended if a truck is held up at a warehouse for more than 24 hours. “It will be treated as an extraordinary situation if a truck needs to be stopped for one or two days at a warehouse. That period will be excluded,” one of the sources added.An e-way bill has two parts, A and B. The former captures invoice-related details. B has details related to the transporter carrying the consignment, such as vehicle number, etc.Earlier, there was some confusion on what would happen to the movement of goods on a bill-to-ship-to-supply basis.
Which means goods are dispatched to a location different from the place of the person or entity ordering the consignment. For instance, a person in Chandigarh orders goods from Hyderabad to be delivered to Delhi. There was confusion on whether the e-way bill was to be generated twice, once from Hyderabad to Delhi and once to Chandigarh. This was because the place of dispatch was not reflected in the bill in this case. ClearTax chief executive Archit Gupta said the Council had cleared this confusion. Now, movement of goods on account of bill-to-ship-to supply will be handled through the capturing of place of dispatch in part-A of the e-way bill.
Also, movement of goods from the place of consignor to the place of transporter up to a distance of 50 km does not require filling of part-B of the bill. They have to generate only part-A. In the draft rules, the distance in this case was limited to 10 km.The slowing of GST revenues had prompted the Council to advance introduction of th ee-way bill to February 1. However, this had to be postponed after the portal crashed on the first day.  E-way bill details
1.can be generated on the way bill portal.
2.Alternatively,can be generated or cancelled through SMS and by site-to-site integration(throughAPI)
3.can be generated by consignor or consignee or transporter
4.When an e-way bill is generated, a unique e-way bill number(EBN) is alllocated and is available to the supplier, recipient and transporter 
5.permits valid for one day to move goods up to 100km
6.Pubilc conveyance included as a mode of transport and responsibility of generating bill in this case will be of consignor or consignee
The Business Standard, New Delhi, 12th March 2018


Popular posts from this blog

RBI rushes in to prop up falling rupee

RBI rushes in to prop up falling rupee India’s central bank reportedly intervened in the currency markets on Monday to prevent a further slide in the local unit, which breached the 67 mark to a dollar for the first time in 15 months amid a widening trade gap and runaway import bills fuelled by high crude-oil prices. Some state-owned banks were seen selling dollars aggressively, interventions that market dealers attributed to the central bank’s strategy to stem the decline of the Indian rupee against the US currency. The rupee is the worst performing among a dozen Asian monetary units in the past three months. It lost 4.25 per cent to the dollar during the period, show data from Bloomberg. On Monday, the Reserve Bank of India (RBI) is said to have sold about Rs 800 million collectively on the spot and exchange traded futures markets, dealers said. An email sent to RBI remained unanswered until the publication of this report. The currency market has seen such a strong central bank interven…

GST Refund of Rs 20,000 Cr Pending: Exporters’ Body

GST Refund of Rs  20,000 Cr Pending: Exporters’ Body Refund of over Rs 20,000 crore on account of Goods and Services Tax (GST) is pending with the government with more than half the amount stuck as input tax credit, Federation of Indian Export Organisations said on Tuesday. While claims over Rs7,000 crore were cleared in March, the amount was Rs 1,000 crore in April.However, after exporters’ request, the GST council and tax department are organizing a second phase of Special Refund Fortnight starting May 31, which will enable exporters to draw their refunds at a speedy pace. Many exporters have been unable to file the refund of input tax credit due to technical glitches, exports and claim happened in different months. The major challenge lies on ITC refund especially because the process is partly electronic and partly manual which is cumbersome and add to the transaction cost, the exporters’ body said. On IGST, refunds are getting delayed due to airline and shipping companies not submitt…

Shrinking footprints of foreign banks in India

Shrinking footprints of foreign banks in India Foreign banks are increasingly shrinking their presence in India and are also becoming more conservative than private and public sector counterparts. While many of them have sold some of their businesses in India as part of their global strategy, some are trying to keep their core expertise intact. Others are branching out to newer areas to continue business momentum.For example, HSBC and Barclays Bank in India have got out of the retail business, whereas corporate-focused Standard Chartered Bank is now trying to increase its focus on retail “Building a retail franchise is a huge exercise and takes a long time. You cannot afford to lose it,” said Shashank Joshi, Bank of Tokyo-Mitsubishi UFJ’s India head.According to the Reserve Bank of India (RBI) data, foreign banks’ combined loan book shrunk nearly 10 per cent from Rs 3.78 trillion in fiscal 2015-16 to Rs 3.42 trillion last financial year. The banking industry, which includes foreign banks…