GST e-way bill form 1 (EWB-01) is a kind of credential which needs to be carried by the person who is responsible for the movement of goods from the location of the supplier to the location of the recipient. The value of goods shall be above 50,000 INR and the value of goods that has…
For any taxpayer calculating GST payable for the GST Return filing is not less than a rocket science. The taxpayer has to take everything into consideration while calculating GST such as inter and intrastate supplies, exempted supplies and reverse charge including eligibility of the ITC. Because if a taxpayer pay-off less amount of GST payable…
What do the term export and import mean under GST? Exports and Imports plays a vital role in the growth of the economy by pooling in foreign exchange through international borders. Under GST act export means to supply goods outside the border of India whereas import means the supply of goods inside India through international…
E-way bill is an electronically generated bills which shall be mandatorily carried by the person-in-charge while the movement of goods whose value exceeds the threshold limit of 50,000 INR. The validity of an e-way bill is for a certain period of time which depends upon the distance and type of cargo used in the movement…
The logistics industry is one of the most contributing industries towards India’s economic growth. Transportation of goods takes place every day across interstate and intrastate checkpoints. Earlier, this process used to consume a lot of time and resources due to document checking, but with the introduction of E-Way Bill under GST, the process has been…
E-way bill portal was successfully launched by the government of India on 1st April 2018 after a failed attempt in February 2018. This e-way bill portal helps the taxpayer to track consignments that are in transit. E-way bill portal has been working smoothly without any glitch since its implementation. Even though the e-way portal is…
Gujarat has been one of the most business generating states in India for a while now. Many trading practices are part of the state’s system, which contribute hugely to the national economic growth. Over the years, there have been several changes made at the state-level in Gujarat’s logistics industry, especially its transportation. Recently, the e-way…
To automate the process and make life easier for the end users and the officials, Customs Department has introduced the Electronic Data Interchange (EDI) system, which is commonly called assICEGATE. What is the full form of ICEGATE? ICEGATE refers to Indian Customs Electronic Commerce/ Electronic Data Interchange (EC/ EDI) Gateway. It is the interface of…