As we are all aware that generating e-way bill is compulsory under GST in case of movement of goods from one place to another for consignment value more than Rs. 50,000, a question comes to mind that how can we calculate 'Consignment Value'. What are the inclusions and exclusions in the consignment value for the purpose of e-way bill. In this blog, we have tried to answer this simple question.
What is Consignment Value for E Way Bill?
- The 'Consignment Value' of goods means Invoice value (declared in the invoice, bill of supply or delivery challan), issued in respect of such consignment including CGST, SGST, IGST and cess charged if any.
- However, 'Consignment Value' shall not include value of exempted goods where the invoice is issued in respect of both exempt and taxable supply of goods together.
- 'Consignment value' shall not include the freight charges for the movement as charged by the transporter.
Is E Way Bill Compulsory for inter state supply?
- E Way Bill is compulsory in case of inter-state movement of goods from one state to another only where the consignment value of goods is more than Rs. 50,000.
- However, in the following two cases, E Way Bill is compulsory even where the consignment value of goods is less than Rs. 50,000
(a) Movement of goods for the purpose of job-work from principal manufacturer to job-worker and return of finished goods after job-work.
(b) Inter-State movement of goods by handicraft dealer who has been exempted from the requirement of obtaining GST registration i.e. unregistered handicraft dealer.
Our Related articles on this topic:-
Is E-way Bill mandatory for Job Work? https://www.taxwink.com/blog/e-way-bill-for-job-work
E-way Bill in case of Handicraft Goods https://www.taxwink.com/blog/e-way-bill-for-handicraft-goods
Is E Way Bill Compulsory for intra state supply?
In respect of intra state supply (i.e. supply of goods within the same state), the states have been given freedom to decide the threshold limit of consignment value. It means that the threshold limit of Rs. 50,000 is not binding on the states. They may decide a higher or lower threshold limit for compulsory generation of e-way bill. Therefore, to ascertain the limit in your state, please visit website of Commercial Taxes (GST) Department of your state.
