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Raising of e way bill on asset value or invoice/dc value

25 July 2019

purchased material on rental basis for value of Rs. 10000/- ( Rental of 10 Desktops for 10 days).

but the Supplier raised the E way bill for Rs. 2 lakhs & the reason by his end is raising the E way bill on Asset value & not on the invoice value. He is telling that if the asset destroys by accident he cannot claim the insurance on the full value of Asset.

please suggest for the same is this is correct as we are also raising E way bill on the invoice/DC value

Is there any rule under GST that E way bill can be raised on Asset value

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2 Replies

Deepak Gupta (CA Student) (15922 Points)
Replied 25 July 2019

Explanation-2 to Rule 138(1)

For the purposes of this rule, the consignment value of goods shall be the value, determined in accordance with the provisions of section 15, declared in an invoice, a bill of supply or a delivery challan, as the case may be, issued in respect of the said consignment and also includes the central tax, State or Union territory tax, integrated tax and cess charged, if any, in the document and shall exclude the value of exempt supply of goods where the invoice is issued in respect of both exempt and taxable supply of goods.

The consignment value is the value of goods to be determined under section 15 of the CGST Act including applicable tax thereon. The rent charged represents the value of service portion whereas EWB is to be generated for the value of goods for which movement is to be undertaken. Hence, in such cases, the value to be considered should be of the goods not the rental charges charged by the supplier of services. The movement of goods should be under delivery challan based on which EWB may be generated. The value of goods should be mentioned in the delivery challan and e-way bill.

[With inputs from ICAI E-publication on E-way Bill under GST]

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Replied 16 September 2023

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