As per the GST Act, the composition tax payers are not supposed to do Interstate transactions. Hence next version will not allow generation of e-way bill for inter-state movement, if the supplier is composition tax payer. Also, the supplies of composition tax payers will not be allowed to enter any of the taxes under CGST or SGST for intrastate transactions. In case of Composition tax payer, document type of Tax Invoice will not be enabled.
Category: GST
One Invoice – One E-way Bill
Blocking of generation of multiple E-Way Bills on one Invoice/document
Based on the representation received by the transporters, the government has decided not to allow generation of multiple e-way bills based on one invoice, by any party – consignor, consignee and transporter. That is, once E-way Bill is generated with an invoice number, then none of the parties – consignor, consignee or transporter – can generate the E-Way Bill with the same invoice number. One Invoice, One E-way Bill policy is followed. The change will come in the next version.
Auto Calculation Distance based on PIN Code
Auto calculation of route distance based on PIN code for generation of EWB
Now, E-waybill system is being enabled to auto calculate the route distance for movement of goods, based on the Postal PIN codes of source and destination locations. That is, the e-waybill system will calculate and display the actual distance between the supplier and recipient addresses. User is allowed to enter the actual distance as per his movement of goods. However, it will be limited to 10% more than the displayed distance for entry. That is, if the system has displayed the distance between Place A and B, based on the PIN codes, as 655 KMs, then the user can enter the actual distance up to 720KMs (655KMs + 65KMs). In case, the source PIN and destination PIN are same, the user can enter up to a maximum of 100KMs only. If the PIN entered is incorrect, the system would alert the user as INVALID PIN CODE. However, he can continue entering the distance. Further, these e-waybills having INVALID PIN codes are flagged for review by the department. Route distance calculation between source and destination uses the data from various electronic sources. This data employs various attributes, for example: road class, direction of travel, average speed, traffic data etc. These attributes are picked up from traffic that is on National highways, state highways, expressways, district highways as well as main roads inside the cities. A proprietary logic is then used for approximating the distance between two postal pin codes. The distance thus derived is then provided as the motorable distance at that point of time.
FASTag: How GST will cruise ahead with new-age tech
The government took a leap in logistics by introducing e-way bills to check tax evasion by tracking the movement of goods and establishing direct linkage between what is declared and what is actually moved. Now it is trying to make the e-way bill system even stricter. It has found an innovative way to check evasion of the Goods and Services Tax (GST). It is planning to link the GST Network with FASTag mechanism of the National Highways Authority of India (NHAI) and Logistics Data Bank (LDB) services of the Delhi-Mumbai Industrial Corridor Development Corporation
What is FASTag?
FASTag is a device that employs Radio Frequency Identification (RFID) technology for making toll payments directly from the prepaid or savings account linked to it. It is affixed on the windscreen of the vehicle and enables the commuter to drive through toll plazas without stopping for cash transactions. Road Transport and Highways Minister Nitin Gadkari had announced in September this year that all toll plazas in India would get FASTags over the next four months.
In July this year, the government had proposed making FASTag and vehicle tracking systems mandatory for commercial vehicles seeking a national permit. FASTag was made mandatory for all new four-wheelers from December 2017. Mandatory FASTag is aimed at decongesting toll plazas and saving time and fuel. The government has launched a mobile app through which highway users can buy FASTags which are delivered to the user’s doorsteps within 24 hours.
The GST linkage
The revenue department is planning to integrate e-way bills with FASTag mechanism to facilitate faster movement of goods and check GST evasion. E-way bills are required for moving goods worth over Rs 50,000 from one state to another. The e-way bills will also be linked to LDB services of the DMICDC. LDB too uses RFID technology to provide container tracking services in India by integrating multiple information nodes across various agencies.
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www.ewaybills.com
Filing of GSTR 1 (Quarterly or Monthly) is Live Now.
Filing of GSTR 1 (Quarterly or Monthly) is live now, you can file it by Providing the details of your turnover in previous financial year
Remember once opted you can’t revise the details of your turnover, Be careful while feeding the data..
How to Rectify GSTR 3B with GSTR 1 & GSTR 2
In GSTR – 3 if there is a difference between the tax amounts filed in GSTR – 3B and with GSTR-1 and GSTR – 2, the same can be adjusted in Part – B of GSTR – 3. If the tax liability is more, then the same has to be paid/discharged in case of excess credit, the same will be updated in the electronic credit ledger
Government Extends Deadline for Filing of GSTR 2 and GSTR 3
To facilitate trade, last date for filing GSTR-2 and GSTR-3 for July 2017 extended to 30th Nov & 11th Dec 2017 respectively.
Government Extends Deadline for Filing of GSTR 1 for July
The government on Saturday said it is extending the deadline to file GSTR 1 for July.
The government has also decided to form a 3-member inter-ministerial team to look at the technical issues around GSTN and the problems users were facing in uploading their returns on the portal. The decision was taken at the 21st Meeting of GST Council at Hyderabad on Saturday.
“Formation of the three member inter-ministerial panel to look at the functioning of GSTN to address issues pertaining to uploading of the returns on GSTN appears to be a good move. Hope this panel not only looks at the issues being faced, but more importantly provides quick resolution for the same,” says KPMG India, Partner-GST, Harpreet Singh.
According to the government 45 plus lakh GSTR-3B returns have been filed, and only 17 lakh GSTR-1 had been filed till Friday. Around 13 plus crore invoices had been filed. However, with the GST portal crashing frequently, there has been widespread outrage among taxpayers about their inability in filing returns.
After the GST portal stopped functioning, the Government on September 4 has extended the deadline to file GSTR 1 to September 10. Subsequently, filling of GSTR 2 and GSTR 3 was also extended to September 25 and 30 respectively.
GST Council’s JUNE18 Meet to Finalise E-way Bill, Anti-profiteering Rules
NEW DELHI, JUNE 15:
With less than two weeks to go, the Centre and States are hoping to wrap up discussions on the goods and services tax (GST) this weekend and approve the e-way bill and anti-profiteering rules.
The GST Council will meet on June 18 and will also finalise the tax rate on lottery as well as the other remaining rules.
“The main agenda items are approval of draft GST rules and related forms for advance ruling, appeals and revision, assessment and audit e-way bill and anti-profiteering,” the Finance Ministry said in a release on Thursday, adding that it may also look into fitment and adjustment of GST rates on some more items.
The Council had met on June 11 when it lowered rates on 66 items and also approved rules for accounts and records under GST.
“We hope this is the last round of discussions and all pending issues are finalised. Another meeting may take place after this but only to review the preparedness for the new regime,” said an official source.
The government hopes to roll out GST from July 1.
But approval of the all-important anti-profiteering rules and e-way bill, which are seen as critical components of the new regime are still pending.
While the Council has already approved the mechanism for the anti profiteering agency, it is yet to be notified until the final rules are approved.
The draft e-way bill was issued in April and made it mandatory for movement of goods of over ₹50,000 to be registered with the GST Network. While the States are keen to roll it out with the new tax regime, the requisite infrastructure is still not in place. The Centre and the GSTN have indicated that it should be pushed back by a few months.
Rate on lottery
Meanwhile, the GST Council also has to finalise the tax rate on lottery.
With a number of States like Kerala, Sikkim and Maharashtra earning significant revenue from lottery, sources said that the Council may choose to follow the model for entertainment under GST.
Lottery is likely to be put in the 28 per cent tax slab under GST, along with a cess. States would then also levy an additional tax or cess at the local level to ensure that they do not lose out on revenue.
Automobiles
The Council will also review the tax position on automobiles as manufacturers have been calling for a re-look on the proposed GST rate on hybrid cars.
The Council had last month fixed 43 per cent tax (28 per cent GST plus 15 per cent cess) on hybrid cars and Finance Minister Arun Jaitley had indicated that it may not be reviewed. However, a discussion paper was floated.