Key Highlights of the Draft WayBill Rules released under GST
Dated 15th April, 2017
Govt. recently released draft Rules on electronic WayBill under Goods and Services Tax (GST). A waybill is a document issued by a carrier giving details and instructions relating to the shipment of a consignment of goods. Typically it will show the names of the consignor and consignee, the point of origin of the consignment, its destination, and route.
Key highlights of e-WayBill Rules are:
- Moving goods worth more than Rs 50,000under GST will require prior online registration of the consignment and securing an ‘e-way bill’ that tax officials can inspect anytime during the transit to check tax evasion.
- Upon generation of the e-way bill on the common portal, a unique e-way bill number (EBN) shall be made available to the supplier, the recipient and the transporter on the common portal
- The person in-charge of conveyance will be required to carry the invoice or bill of supply or delivery challan, and a copy of the e-way bill or the e-way bill number, either physically or mapped to a Radio Frequency Identification Device (RFID) embedded on to the conveyance.
- Where multiple consignments are intended to be transported in one conveyance, consolidated e-way bill shall be generated carrying serial number of e-way bills generated in respect of each such consignment electronically on the common portal.
- Validity of eWayBill:
- Less than 100 km – One day
- 100 km or more but less than 300km – Three days
- 300 km or more but less than 500km – Five days
- 500 km or more but less than 1000km – Ten days
- 1000 km or more – Fifteen days
Verification of documents
- The Commissioner shall get RFID readers installed at places where verification of movement of goods is required to be carried out and verification of movement of vehicles shall be done through such RFID readers where the e-way bill has been mapped with RFID.
- Provision of physical verification goods can be carried out by officer upon proper authorization from Commissioner.
Inspection of Goods
- A summary report of every inspection of goods in transit shall be recorded onlineby the proper officer in Part A of FORM GST INS – 03 within twenty four hours of inspection and the final report in Part B of FORM GST INS – 03 shall be recorded within three days of the inspection.
Detention of Vehicle
- transporter whose vehicle has been intercepted and detained for a period exceeding 30 minutes, he may upload the said information on the GSTN portal.
Experts believe that through e-WayBill mechanism, black market or un-organised sector would take a big hit as the government would have details of every goods movement.