E-Way Bill is meant for an electronic medium of bill movement and issued on the Common Portal of E-Way bill regarding goods.
Powerd By SAG INFOTECH
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E-Way Bill is meant for an electronic medium of bill movement and issued on the Common Portal of E-Way bill regarding goods.
Recent Apparel Export Promotion Council approached the Finance Minister and Textiles Minister regarding the issues of GST refunds and Rebate on State Levies (RoSL).
The GSTN is preparing for a major disaster recovery drill to combat any unexpected emergency situation on 2nd June 2018. The drill will take notice of all the glitches and faults to have a vigilant eye on the system.
GST Eway bill is a mandatory feature which is required for the transporters to generate while goods are being delivered via motorized vehicles of value more than 50,000.
Before giving out cheques, make sure to double check your account balance. A fine of Rs 500 plus GST charges is now applicable on bounced cheques.
The GST is self-assessing by nature while more than 1 crore Taxpayers are registered under GST. Self-Assessment is necessary to determine tax liabilities.
Starting from 1st June 2018, it will be mandatory for suppliers and transporters performing an intra-state movement of products in Punjab to carry a valid E-way bill.
As per a message recently tweeted by the Ministry of Finance, the net direct tax (income tax, etc) amount collected for the financial year 2017-18 is over Rs 10.03 lakh crore, with a year on year growth of 18%, which is the highest in the past 7 years.
Recently the Kerala government had rolled out the intrastate e waybill in the state. The Kerala state government made some exemptions on various transactions for E Way Bill after the consultation with Commissioner of central tax.