Is e-way bill required for nil rated goods?
1. The e-way bill portal, in its release notes, has clarified that a suspended GSTIN cannot generate an e-way bill. However, a suspended GSTIN as a recipient or as a transporter can get a generated e-way bill. 2.
Is GST registration required for nil rated goods?
Is registration necessary if only interstate supply of Nil rated goods is being made? If exclusively making supplies of Nil rated supplies, registration is not compulsory. Kindly refer section 23 of CGST Act.
Is e-way bill required for value less than 50000?
Registered Person – Eway bill must be generated when there is a movement of goods of more than Rs 50,000 in value to or from a registered person. A Registered person or the transporter may choose to generate and carry eway bill even if the value of goods is less than Rs 50,000.
Is e-way Bill mandatory for e invoice?
The e-invoice system under GST has become mandatory from 1st October 2020 for all registered taxpayers having turnover greater than Rs. 500 crore in FY 2019-20. Thereafter, it got extended to businesses with turnover more than Rs.
Is e-way Bill compulsory within city?
From 15-4-2018 – Andhra Pradesh, Gujarat, Kerala, Telangana, Uttar Pradesh. In case of Gujarat, e-way bill is not required for intra-city movement of goods, irrespective of value. In case of intra-State movement of goods, e-way bill is required only for 19 goods, specified in Notification No. GSL/GST/RULE-138(14)/B.
Is e invoicing applicable for nil rated or wholly exempt supplies?
Is e-invoicing applicable for NIL-rated or wholly-exempt supplies? No. In those cases, a bill of supply is issued and not a tax invoice.
What is zero rated nil rated and exempted in GST?
By zero rating it is meant that the entire supply chain of a particular zero-rated supply is tax-free i.e. there is no burden of tax either on the input tax side or on the output side. This is in contrast with exempted supplies, where only output is exempted from tax but tax is levied on the input side.
What is the penalty if e-way bill not generated?
The minimum fine for not carrying a valid e-way bill is INR 10,000. In this way, if goods are transported without an e-way bill, a fine is guaranteed.
Is E-Way Bill compulsory for zero-rated goods?
Yes, e-Way Bill is required to be generated for any kind of transportation of goods that are valued above Rs 50,000. So, e-Way Bill is compulsory for zero-rated goods as the concept of the Electronic Way Bill is related to the movement of goods. The question of whether goods are taxable or not plays no part in this discussion.
Can non-filers generate e-way bill for GST?
Non-filers of GST returns for 2 consecutive months will be barred from generating e-way bills for movement of goods ( Rule 138 E ) – Notification No. 74/2018 – Central Tax Dated 31 st December 2018 , In case of composition dealer , e-way bill will not be generated for making supply ,if return not filed for two consecutive tax period
What is E-Way Bill?
E way bill is to be generated on the value of goods being moved. Generally e way bill is generated on goods having a value of Rs. 50,000 and more. E-way bill for zero rated supply is subject to conditions.
Do I need to register under GST for zero rated supplies?
Yes, you are required to obtain registration under GST if you provide zero-rated supplies. Zero rated supply means any of the following supplies of goods or services or both, namely:– (b) supply of goods or services or both to a Special Economic Zone developer or a Special Economic Zone unit.
https://www.youtube.com/watch?v=CN99bhjJZWE