Goods, as well as services, have been defined in the GST Law. The securities are excluded from the definition of goods as well as that of services. Money is also excluded from the definition of goods as well as services, however, activities relating to the use of money or its conversion by cash or by any other mode, from one form, currency or denomination, to another form, currency or denomination for which a separate consideration is charged are included in services. Movement of goods may include the sending of goods from one place to another either within India or abroad. Domestic transportation is the transportation of goods from a place in India to another place in India. In this case, both the point of origin and the point of destination should be located within India. In this manner, international transportation is a transportation of goods wherein either the origin or the destination or both are outside India. Consigner, receiver and transporter are the three parties involved in the movement of goods. An approval by the receiver is needed before commencing the movement of goods.
MEANING OF SUPPLY
The term, “supply” has been inclusively defined in the Act. The meaning and scope of supply under GST can be understood in terms of following six parameters, which can be adopted to characterize a transaction as supply: Supply of goods or services. Supply of anything other than goods or services does not attract GST Supply should be made for consideration Supply should be made in the course or furtherance of business Supply should be made by a taxable person Supply should be a taxable supply While these six parameters describe the concept of supply, there are a few exceptions to the requirement of supply being made for a consideration and in the course or furtherance of business. Any transaction involving supply of goods or services without consideration is not a supply, barring few exceptions, in which a transaction is deemed to be a supply even without consideration. Further import of services for a consideration, whether or not in the course or furtherance of business is treated as supply.
E Way Bill
Electronic Way Bill (e-way bill) has to be generated for the movement of goods. Every registered person who causes movement of goods of consignment value exceeding fifty thousand rupees shall furnish information relating to the said goods in PART A of FORM GST INS-01 electronically, on the common portal. E-way bill will also be allowed to be generated or cancelled through SMS. When an e-way bill is generated a unique e-way bill number (EBN) is allocated and is available to supplier, recipient, and the transporter.
DOCUMENTS FOR SUPPLY
Section 31 to 34 of CGST Act, 2017 along with Tax Invoice, Credit and Debit Note Rules are the governing law for the purpose of documents of supply of Goods/ Services. As per Section 31(1) a registered person is required to raise invoice before or at the time of removal of goods. As per section 31(2) of CGST Act, 2017, a registered person is required to raise invoice for supply of services before or within 30 days from date of providing of services. Section 31(3) deals with Revised Invoice, Bill of Supply, Receipt Voucher, Refund Voucher, Payment Voucher and Invoice as Recipient. Section 32 says unregistered person will not collect tax. Section 33 says tax amount is required to be shown separately on the invoice. Section 34(1) deals with Credit Note and Section 34(2) deals with Debit Note.
IMPORTANCE OF FASTAG IN MOVEMENT OF GOODS
Integration of FASTAG with the GST e-way bill system will enable the GST Council and the NHAI to: Track the movement of commercial vehicles Track the authenticity of all travel data supplied when filing GST Verifying e-way bills Implement prepaid e-wallet for paying parking charges, toll charges and fuel costs Partner with airports and other transportation hubs to offer parking services Indian Highways Management Corporation Limited (IHMCL) and GST Network (GSTN) has signed a MoU for integrating the E-Way Bill system with Fastag. This will enable to overcome the difficulties in existing track and trace mechanism for GST E-Way Bill (EWB) System.
