A famous saying goes like “Correcting mistakes is better than to live with them”. But GST law thinks on different lines. What is done once is final, and no subsequent alterations and modifications are allowed under GST regime. Returns once filed cannot be altered subsequently. E-way bill system has been rolled out on the same … Read moreWhat Happens When there is a Mistake in E-Way Bill?
Some facts about logistics industry in India Given the complex structure the transport industry ends up spending 30-64% of its time and resources on tax compliance, out of which nearly 16% of its time is spent by the trucks queuing up at interstate check points for tracking and inspection according to a report by ministry … Read moreImpact of E-Way Bill on Logistics Industry in India
Calendars lying on the desks have flipped to welcome the February month. E-way bill system will be rolled out from 1st February, making the life for tax evaders even more difficult. E-way bill is a document which has details like name of consigner and consignee, their GSTIN numbers (if they are registered), description and value of … Read moreE-Way Bill Provisions for Job Work
E-way bill is a document required to be carried by a person in charge of the conveyance carrying any consignment of goods of value exceeding Rs. 50,000 except in certain cases. Below is the step-by-step guide for E-Way Bill Registration for Businesses Registered under GST. Cases where E-Way Bill is Not Required Even though Value … Read moreE-Way Bill Registration Procedure for Businesses Under GST
Since its inception, GST has gone through several deferrals and relaxations, many of which were due to glitches in the GST portal. But the deferrals have also been a blessing in disguise for tax evaders, who have used these deferrals to their maximum benefits. Now, as glitches are immunized, government has rolled out e-way bill … Read moreKey FAQs on E-Way Bill Under GST