Quick Summary
In a significant compliance reminder, authorities have reiterated that taxpayers engaged in the supply of scrap are mandatorily required to generate e-way bills for consignments exceeding ₹50,000 in value. This directive aligns with existing provisions under the Goods and Services Tax (GST) law, ensuring proper documentation and tracking of high-value scrap transactions. Strict Action for Non-Compliance Failure to comply with e-way bill requirements may attract penalties and legal proceeding
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FAQ :
No, an e-way bill is only mandatory if the consignment value of the scrap exceeds £50,000.
This mandate applies to taxpayers supplying scrap in Dadra & Nagar Haveli, and Daman & Diu.
Non-compliance can lead to penalties and legal proceedings under the relevant tax laws.
The requirement aims to ensure proper documentation, tracking, transparency, and tax compliance in scrap trade.
This is a reiteration and reminder of existing provisions under the Goods and Services Tax (GST) law.
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