Page 279 - CA Final GST

Badlani Classes

Documents to The person in charge of a conveyance shall carry-
Carried (a) The invoice or bill of supply or delivery Challan.
(b) A Copy of E-Way Bill or the E-Way Bill Number, either physically
or mapped to a Radio Frequency Identification Device (RFID)
embedded on to the conveyance except in case of movement of goods
by rail or by air or vessel.
invoice Reference A registered person may obtain an Invoice Reference Number by uploading
Number tax invoice issued by him in FORM GST INV-1 and produce the same for
verification in Lieu o the tax invoice (validity of such number is 30 Days).
Verification of • Interception – Commissioner may authorize proper officer to
Documents and intercept any conveyance to verify the E-Way Bill in physical or
conveyances electronic from for all inter-state and intra-state movement of goods.
• Verification Through RFID – Commissioner shall get RFID
readers installed at place where verification of goods is required and
verification of movement of vehicles shall be done through RFID
readers where E-Way Bill has been mapped with RFID.
• Verification by Proper Officer – Physical verification of
conveyance shall be carried out by the proper officer authorized by
the Commissioner or an officer empowered by him.
Inspection and • Inspection – Summary report of every inspection of goods in transit
Verification of shall be recorded online by the proper officer in Part A of FORM
Goods GST EWB-03 within 24 hours and final report in Part-B of FORM
GST EWB-03 shall be recorded within 3 days of inspection.
• No Double verification – Where the physical verification on any
conveyance has been done during transit at one place within the state
or in any other state, no further physical verification of conveyance
shall be carried out again in the state, unless specific information of
evasion is made available.
Facility for Detention for more than 30 min – Where a vehicle has been intercepted and
uploading detained for a period exceeding thirty minutes, the transporter may upload
information the said information on the portal FORM GST EWB-04.
regarding detention
of vehicle

Zero – Rated Supply

Meaning of Zero – “Zero rated Supply” means any of the following supplies of goods or services
Rated Supply or both, namely-
(a) Export of goods or services or both, or
(b) Supply of Goods or Services or both to a Special Economic Zone
developer or a Special Economic Zone Unit.
Subject to the provisions of blocked credits in CGST Act, credit of input tax
may be availed for making zero-rated supplies, notwithstanding that such
supply may be an exempt supply.
Option For A registered person making zero rated supply shall be eligible to claim refund
Claiming Refund under either of the following options, namely-
(a) He may supply under bond or Letter of Undertaking, without
payment of integrated tax and claim refund of unutilized input tax
credit, or
(b) He may supply on payment of integrated tax and claim refund of such
tax paid on goods or services or both supplied. Page278
In accordance with the provision of Refund [S.54] under CGST Act.

Central Goods & Services Tax Act, 2017