New Delhi, April 14, 2017
Tax authority invites comments on draft rules for e-way bills, audit and assessment
Freight worth over Rs.50,000 will require obtaining a prior registration and generation of an e-way bill under the Goods and Services Tax (GST) regime.
The provision is part of the draft electronic way (e-way) bill rules that have been released by the Central Board of Excise and Customs (CBEC). The Board has also released draft rules for audit and assessment.
“Comments from the public on these can be submitted by April 1,” it said.
Tax officials would be empowered to inspect the e-way bill any time during the journey to check for tax evasion.
“Every registered person who causes movement of goods of consignment value exceeding Rs.50,000 in relation to a supply; for reasons other than supply; or due to inward supply from an unregistered person, shall, before commencement of movement, furnish information relating to the said goods in Part A of Form GST INS-01, electronically, on the common portal GSTN,” said the draft rules.
The e-way bills will be valid for 1, 3, 5, 10 or 15 days from the date of generation depending upon the distance the goods have to be transported, where one day would equal 100 km and over 15 days would be for 1,000 km or more.
“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,” stated the draft norms.
The rules propose to authorise the tax commissioner or an officer empowered by him to intercept any conveyance to verify the e-way bill or the number in physical form for all inter-State and intra-State movement of goods.
A summary report of the inspection of goods would be expected to be submitted within 24 hours of inspection and the final report within three days.
Audit and assessment
Assessees would be expected to furnish their response within 15 days in case of a query raised during scrutiny or audit of their GST returns, according to the draft rules for audit and assessment.
The rules also propose that for provisional assessment of tax the registered taxpayer can request for a payment of tax on a provisional basis through application Form GST ASMT-01 either electronically on the GSTN or directly through a facilitation centre notified by the Commissioner.
[The Hindu Business Line]