Recently, there was discontentment within the finance ministry over the Tax revenues collected by the separate authorities including state and central government.
Powerd By SAG INFOTECH
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Recently, there was discontentment within the finance ministry over the Tax revenues collected by the separate authorities including state and central government.
Under GST provisions, the government collects integrated tax for Goods and Services utilization and later share this collection between the centre and states.
In a bid to give relief to the transporter over the issues related to the GST e way bill, the Allahabad high court had given statement according to which there is no need to carry a hard copy of a GST e way bill along with the goods.
In a report and a tweet from the GSTN account had clearly stated that the Maharashtra tops in generating e way bills for the transportation of goods through motorized vehicles of value more than 50,000.
A centralised Authority for the advance ruling is under discussion, to maintain a single platform for all the rulings of similar nature done in the different states. The issues raised in different states must be of same nature get it noticed by the central appellate.
Goods and services tax is a major tax structure implemented through India with a scope of tighter compliances and revenues for the government. In the wake of this fact, many of the GST officials are trying hard to account for every taxable transaction.
In a recent announcement done by the government, now there will charge on the late payment of credit card bill of 18 percent. It was also mentioned that there will no chapercentTM and issuing of the chequebook.
Seeking the sudden action on the announcement of levy of Goods and Services from ‘duty-free’ vendors at airports for international passengers from Authority for Advance Ruling (AAR), New Delhi in March 2018.
The GST E Way Bill has finally spread across India from 3rd June 2018 in its full glory. The E Way Bill is an online mechanism to be followed while transporting goods from one place to another.