Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
Today, an official said that the GST Council will look after in finalizing the simpler version of GST return filing module that is proposed by Nandan Nilekani on the 26th meeting that will be going to held on March 10th.
The GST E-way bill is developed by the National Informatics Centre (NIC) which has built the IT backbone of Goods and Services Tax as well and meant to be generated when the value of goods more than Rs. 50,000 is shipped intra-state or inter-state.
The government stated that all the states have to implement the national e-way bill system for the intra-state movement of all goods from June 3.
Though the government is getting praised for the new tax regime system from the industry, small enterprises and traders are still facing lots of the problem in decoding the GST, due to the technical glitch.
Gst council meeting is scheduled on Saturday to have to the discussion over the two important topics- the successful implementation of the e-way bill and the lower collection of goods and service tax(GST) under the composite scheme.
At a recently held meeting of a group of a minister (GoM) which was created to resolve the issues and implement the goods and services tax in a better manner recommended some suggestion for the eway bill under GST.
GST e-way bill system which was about to implement from February 1st is now going to be launched on 7th March 2018. While the Finance Minister wants to launch the E-way Bill earlier as possible, while the National Informatics Centre (NIC) wants to begin the tried and tested e-way bill from 1st April.
In a drastic turn towards uncertainties, this time a Mumbai based tube and pipe manufacturer company has filed a written petition against the central government and goods and services network (GSTN) for allegedly changing the input tax credit claim figures.
There may be good times awaiting for the Indian commercial vehicle industry as the centre is pitching for a zero tax rate on the sale of second hand or the old commercial vehicles under the goods and services tax.
