Role of E way bill in assessment procedure
This query is : Resolved
Quick Summary
Mansi Shah
(Querist)
23 November 2020
If We have received goods exceeding Rs.50000/- at our factory but seller not issue any e way bill against this invoice. What steps can be taken by assessing officer to the buyer on the basis of no proper documentation.
CA R SEETHARAMAN
(Expert)
23 November 2020
Invoice is enough, E way bill is for checking goods in transit only.
Lekhraj sood
(Expert)
23 November 2020
IF you have proof of physical receipt of the goods i.e.L/R then you can avail ITC.
Mansi Shah
(Querist)
24 November 2020
If in case we have not LR copy what will the pros & corns.
Lekhraj sood
(Expert)
24 November 2020
You have to prove to the department the receipt of goods by you.
Mansi Shah
(Querist)
24 November 2020
Can entry gate Register is valid for proof?
Lekhraj sood
(Expert)
24 November 2020
Not conclusive.There has to be some proof of transportation.
Mansi Shah
(Querist)
24 November 2020
Thank you all for guidance
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