Amidst India battling with Covid 19, government has ordered lockdown for a period up to 14th April 2020. This would mean that movement only for essential items shall be permitted. Movement of other goods including auto components, steel goods etc. has been restricted. So much so various states such as Punjab, Maharashtra, Delhi, Uttar Pradesh have sealed their borders with no permission whatsoever for transport vehicles except those carrying essential goods. Now under these circumstances, Industry is facing the issue in respect of goods in transit which are stuck at various places including transportation hubs, state borders and even at the gates of recipients who are not operating during this period of lockdown. On the top of it in most of the cases eway bills have also expired. Now question arises what to do and how to settle the situation.
Read more on: https://taxguru.in/goods-and-service-tax/material-stuck-transit-e-way-bill-expired-what-lockdown.html
© 2018 CA Chandan Agarwal. All rights reserved.