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GST and E Way bill on movement of goods to be sent on rent.
My client is in the business of giving machinery on rent for construction purposes. Now he is giving the machinery on rent to a customer in another state which will move by trucks. Do we need to generate e way bill for the movement of machinery? if yes, should an Invoice or Delivery Challan be issued? In case of Invoice, what will be the taxable value and tax rate?
Replies (4)
As per Rule 138 , movement of goods via Motorised conveyance & the value Consignment for the same exceeding 50k , Eway is mandatory.
So need to generate Eway by Issuing DC as prescribed in Rule 55.
(Value of machinery can be taken as book value)
So need to generate Eway by Issuing DC as prescribed in Rule 55.
(Value of machinery can be taken as book value)
If you are charging more then Rs. 50k for your services then GST Way Bill needs to prepared. You may also prepare and send the same via Delivery Challan.
Generation of E-Way Bill is required in your case. You have to issue Delivery Challan as the supporting Document to transport the machinery via road.
Thanks to everyone for helping me out :)
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