This discussion clarifies the role of e-way bills during tax assessments, particularly when goods exceeding Rs. 50,000 are received without one. While an invoice is crucial, the e-way bill primarily serves to track goods in transit. Buyers need to provide proof of physical receipt, such as an L/R copy or an entry gate register, to claim Input Tax Credit (ITC) and demonstrate compliance to the assessing officer.
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.