29 Jun Consequences of not generating an E-Way bill
E-Way Bill is an electronic waybill for the movement of goods that needs to be generated on the E-Way Bill Portal.
A Registered person cannot transport goods in a vehicle whose value exceeds Rs. 50,000 (Single Invoice/bill/delivery challan) without an e-way bill.
The consequences of not generating an E-Way bill can result in both monetary and non-monetary losses to the taxpayer. Moving Goods without an invoice or Eway Bill is liable for :
- Monetary Penalty
And, moving goods without the cover of an invoice and E-Way bill constitutes an offense and attracts a penalty of min Rs.10,000 or the tax to be paid (whichever is greater). Hence, the bare minimum penalty for not complying with the rules is Rs. 10,000 or more.
- Detention & Seizure
Goods can be detained or seized if being transported without an E-Way bill and would be released only on the payment of appropriate tax and penalty as specified by the officer. There could be two situations for penalizing the consignor or consignee for penalizing
- If the owner wishes to pay the penalty, it must pay 100% of the tax payable.
- If not, then the penalty will be equal to 50% of the value of goods.