E-WAY BILL system under Rule 138 CGST Rules 2017 is required for MOVEMENT of GOODS valued over:
Answer & Solution
Correct answer: D.
1. Rule 138 CGST Rules 2017 mandates E-WAY BILL for movement of goods.
2. THRESHOLD: consignment value EXCEEDS Rs 50,000.
3. APPLICABLE TO: inter-State movement; intra-State movement (notified in States).
4. GENERATION: by supplier OR transporter at common portal www.ewaybillgst.gov.in.
5. PART A: details of goods, transporter; PART B: vehicle number.
6. VALIDITY (Rule 138(10)):
7. (a) Up to 200 km: 1 day;
8. (b) Up to 400 km: 3 days;
9. (c) For each additional 200 km, 1 additional day.
10. EXEMPTIONS: certain notified categories of goods (LPG, kerosene, jewelry, etc.).
11. Penalty for movement without E-Way Bill: amount of tax + Rs 10,000.
12. Hence option B is correct.
_Source: CS Executive Paper 4 Tax Laws (ICSI BoS) + Income Tax Act 1961 + CGST Act 2017 — CGST Rules 2017, Rule 138 (E-Way Bill)_
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