banner_ad

Way Bill

Internal Audit 1322 views 2 replies

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 (2)

Way Bill is a Shipping document which is given by the consignor to the consignee specifying the details of goods dispatched.

if the sales tax authority dot find way bill...fine will be levied according to laws of the sales tax law.

Way bill is a document issued by the state govt. or the commissioner of commercial taxes.

Waybill will be applicable on the products on which VAT is applicable.

For further details refer VAT act of your state.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details