PPT: E-way Bill | Taxation for CA Intermediate PDF Download

 Page 1


E-Way Bill
Page 2


E-Way Bill
Disclaimer
2
The information cited in this presentation has been drawn from various sources (including
study material prepared by The Institute of Cost Accountants of India and The Institute of
Chartered Accountants of India). While every efforts have been made to keep the
information in this presentation error free, no responsibility for any typographical or clerical
error which may have crept in whilecompiling the information provided can betaken.
The presentation has been prepared to provide an overview of the applicable law pertaining
to the subject matter. For detailed insight and for better understanding, its is advised to refer
to relevant provisions in the Act andthe related rules &notifications.
Page 3


E-Way Bill
Disclaimer
2
The information cited in this presentation has been drawn from various sources (including
study material prepared by The Institute of Cost Accountants of India and The Institute of
Chartered Accountants of India). While every efforts have been made to keep the
information in this presentation error free, no responsibility for any typographical or clerical
error which may have crept in whilecompiling the information provided can betaken.
The presentation has been prepared to provide an overview of the applicable law pertaining
to the subject matter. For detailed insight and for better understanding, its is advised to refer
to relevant provisions in the Act andthe related rules &notifications.
What was the need?
3
Getting blank forms
Submitting 
utilization of forms
Long queue at 
check-post
Page 4


E-Way Bill
Disclaimer
2
The information cited in this presentation has been drawn from various sources (including
study material prepared by The Institute of Cost Accountants of India and The Institute of
Chartered Accountants of India). While every efforts have been made to keep the
information in this presentation error free, no responsibility for any typographical or clerical
error which may have crept in whilecompiling the information provided can betaken.
The presentation has been prepared to provide an overview of the applicable law pertaining
to the subject matter. For detailed insight and for better understanding, its is advised to refer
to relevant provisions in the Act andthe related rules &notifications.
What was the need?
3
Getting blank forms
Submitting 
utilization of forms
Long queue at 
check-post
Objective of the reform
4
• Singledelivery note formovement of the goodsthroughout the country.
• Hasslefreemovement of goods acrossIndia.
• Tracking the movement of goods
• Easier verification by the officers
• Preventing evasion of tax.
• Embrace technology with simplification of process
Page 5


E-Way Bill
Disclaimer
2
The information cited in this presentation has been drawn from various sources (including
study material prepared by The Institute of Cost Accountants of India and The Institute of
Chartered Accountants of India). While every efforts have been made to keep the
information in this presentation error free, no responsibility for any typographical or clerical
error which may have crept in whilecompiling the information provided can betaken.
The presentation has been prepared to provide an overview of the applicable law pertaining
to the subject matter. For detailed insight and for better understanding, its is advised to refer
to relevant provisions in the Act andthe related rules &notifications.
What was the need?
3
Getting blank forms
Submitting 
utilization of forms
Long queue at 
check-post
Objective of the reform
4
• Singledelivery note formovement of the goodsthroughout the country.
• Hasslefreemovement of goods acrossIndia.
• Tracking the movement of goods
• Easier verification by the officers
• Preventing evasion of tax.
• Embrace technology with simplification of process
What is an E-way Bill?
5
• Electronic Way Bill (EWB) is basically a compliance mechanism wherein by way of a
digital interface, the person causing the movement of goods uploads the relevant
information prior to the commencement of movement of goods and generates an
authorization for transportation of the said goods.
• Itisadocument evidencing movement of goods. Itcomprises of
• What is being moved –HSNCode,Nomenclature,Quantity,Valueof goods
• Whereit isbeing movedto –Place of delivery (Pin Code)
• Who arethe supplier andrecipients –Detailsof Consignor, Consignee and recipient
• Underwhat document –Invoice, DeliveryChallan, BoE
• How is the goodsbeing moved –Modeof transportwith details
• EWB applicability is on movement of goodsnot on supplyof goods