Way Bill

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I need answer for the following questions:

1. Give a brief on What is a Way Bill ??? (From what I have researched, I understand that Way Bill is a Shipping document which is given by the consignor to the consignee specifying the details of goods dispatched)

2. A Company dispatches goods to one of its own Sites (another district or another city) where it manufactures a RO Plant. Is the company bound to file WAY BILL ???

3. A Company dispatches goods to the supplier for repairs. Is the company bound to file WAY BILL ???

4. What are the risks/ penalties/ if WAY BILL is not filed by the Company??

 

Thanks in advance.

 

 

 


 

Replies (1)

WAY BILLS ARE STATUTORY FORMS WHICH ARE USED AS A AUTHENTIC DOCUMENTS TO CARRY OUT ANY SALE OR PURCHASE PROCEEDS FROM ONE PLACE TO ANOTHER PLACE , IF WAY BILL ENCLOSED WITH ANY SALE OR PURCHASE TRANSACTION MEANS THE DEALER WILL REPORT THE SAID TURNOVERS IN BOOKS OF ACCOUNTS AND BECOMES AUTHENTIC AND NO TAX EVASION OCCURS AND NO LOSS TO GOVERNMENT 

 

AND MORE..................

G.S.CHANDRA SHAKER

SALES TAX PRACTITIONER

9395323341/9951038001

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