Key Updates from GST Notification No. 12/2018-Central Tax, dated 7 March 2018

Updates from GST Notification No. 12/2018-Central Tax, dated 7 March 2018 | New Delhi, India :

A. Form Tran 2 to be submitted by March 31, 2018

The Government vide this Notification has also provided that Form TRAN-2 has to be submitted by 31 March 2018, or within such period as extended by the Commissioner, for each of the six tax periods.

B. Changes in e-way bill Rules

1. Transporter or courier agency or e-commerce operator may furnish information in Part A of the e-way bill form on an authorization received from the registered person/ consignor
2. A job worker can also generate e-way bill in case of inter-state movement of goods by a principal to job worker, irrespective of the consignment value (earlier the requirement was on principal only)
3. Where an invoice includes both exempted and taxable supply of goods, consignment value for the purpose of generating e-way bill shall be considered excluding the value of exempt supply
4. Where goods are transported by Railways, goods shall not be delivered by the Railways unless e-way bill is produced at the time of delivery of goods
5. Provision of non-furnishing details in Part B of the e-way bill in case of movement of goods between the consignor/ consignee and transporter has been extended from 10kms to 50kms
6. Where consignor/ consignee has not generated the e-way bill and aggregate consignment value of goods carried in the conveyance is more than INR 50,000, the transporter, except in case of transportation of goods by railways or air and vessel, shall generate the e-way bill in respect of inter-State supply
7. The validity of updating Part B of the e-way bill after generation of Part A has been extended from 72 hours to 15 days
8. Separate validity period (one day for every 20 km) in case of over-dimensional cargo (defined as cargo carried as a single indivisible unit which exceeds dimensional limits prescribed in Motor Vehicles Act/ Rules) has been notified
9. Option to extend the validity period of e-way bill (in exceptional circumstances including trans-shipment) has been introduced in the Rules
10. Each day for the validity period of e-way bill shall be counted as the period expiry at midnight of the day immediately following the date of generation of e-way bill (instead of 24 hours)
11. E-way bill shall be deemed to be accepted on the earlier of delivery of goods or expiry of 72 hours
12. E-way bill shall not be required in following additional cases:
    1. Movement of goods from ICD to Customs port or from one Customs station or port to another
    2. Movement under Customs supervisions or under Customs seal
    3. Goods transported are transit cargo from/ to Nepal or Bhutan
    4. Transportation of empty cargo containers
    5. Transportation of goods up to 20km from the consignor’s place to weighbridge or vice-a-versa, which is accompanied by a Delivery Challan
13. Place of dispatch has been added as an additional field in Part A of the e-way bill