Sir,
We have given our machinery ( Forklift ) on hire basis to a party in another state, Now as the jobs get done, the party is sending our machinery as soon as possible in our location ( Maharashtra ). So, the party which has used the machinery is entitled to deliver our machine to us. The party is a Transport company and now the party is delivering our Machinery through the TRANSPORTER. The said party doesnt have any idea about the E way bill. So , they told us to create an E-way bill regarding this.
The question now arised is that, What is to be mentioned in the E way Bill
1) Transaction Type : - Is it Outward or Inward ? - has to be Inward, Right ?
2) Sub Type : - Tax Invoice or Delivery Challan?
3) Document Type :- ( There is no purchase or sale, just taking our machinery back to us )
4) Document Number :- ( The Transporter did not create a document yet. )
5) Value to Be entered in Taxable Column : - Is the Depreciable Value of Our Machinery ( i.e. 65 Lakh or ) Just Transport Charges of Rs. 170,000/- in E way Bill.
If value to be entered is of machinery i.e. 65 Lakh then, will have to charge CGST & SGST on it or not?
and If , then Why, as we are not purchasing the machinery, we are bringing it back in our state.
Please help asap, as we have to generate E-way Bill Tommorrow.
Thanks & Regards/-
CAclubindia
