E way bill and E invoice

Save Share

This query is : Resolved

Quick Summary

This discussion clarifies the requirements for e-way bills and e-invoicing when purchasing coal from interstate suppliers and transferring it to a warehouse via rail. E-way bills are mandatory for transfers exceeding £50,000, while e-invoicing is not required as it's considered a stock transfer, not a supply. Normal shortages of up to 2% do not necessitate ITC reversal, and only received goods are eligible for ITC.

satish kumar Chauhan

satish kumar Chauhan (Querist)

22 March 2022 Dear sir
We purchase coal from intersate supplier through rail ( full rake) and stock transfer to godwn from railway site through challan. in this case 1. Eway bill and Einvoicing is mandatory or optional
2. Any information to be given in Any GST return 3. What will be the shortage which is normaly 2.00%
Kindly guide earliest.

Thanks

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

22 March 2022 1 E invoice and E way bill mandatory.
2 File regular GST return.
3 Normal shortage no need for ITC reversal.

CA Altamush Zafar

CA Altamush Zafar (Expert)

22 March 2022 In case you are transferring from railway site to your warehouse eway bill is required since amount is more than Rs 50000. E-Invoice is not required since there is no supply and transportation is happening on the basis of delivery challan.
For such transportation no information is required to be given in GST return.
ITC will only be taken for goods received.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now