5 Key Responsibility a Transporter should adhere to!

In India (and around the world), the process of supplying of goods revolves around 2 people, the consignor (Supplier) and the consignee (Buyer). However, in the absence of proper transportation

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Multi-Vehicle Option in EWay Bill Generation: Explained in 7 Simple Steps

Update: 26 June 2019:  IRIS Topaz goes live with Multi Vehicle Option in EWay Bill Generation India, is a big economy with wider geographical anomalies. Here people live in terrains,

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26th GST Council Meeting: Recommendations on Eway Bill and Key Highlights

Updated on 21 June 2019: 35th GST Council Meeting was held on 21st June 2019 under the chairmanship of newly elected Union Finance Minister Mrs. N Sitharaman and few important decisions were

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Consolidated E-way Bill: Requirement and Importance

E-way Bill provisions are effective almost in all states for inter and intra-state transactions. E-way Bill is to be issued irrespective of whether the movement of goods is caused by

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Form GSTR 1 – Everything you need to know about it

GSTR 1 – Introduction GSTR-1 is a monthly or quarterly return (based on taxpayer’s annual turnover) that should be filed by every registered dealer. In this form, the registered taxpayers

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14 Cases where Input Tax Credit (ITC) cannot be Claimed

The Goods and Services Tax (GST) was introduced to the Indian business houses on July 1, 2017. While GST has been constantly evolving into a well-structured taxation system, one thing

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9 Updates to Look Forward to in EWay Bill System to Curb Tax Evasion

In an attempt to lower the possibilities of GST evasion, e-way bill system was rolled out on April 1, 2018, for inter-state movement of goods worth over Rs 50,000. The

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Job Work and ITC 04 : Charging GST on Goods not Owned

29 March 2019 Update: GSTN brings relief to companies engaged in Job Work. The due date for filing ITC-04 for period from July 2017 to March 2019 hs been extended till

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MARCH 2019, ISSUE 2
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Penalties and Confiscation on non-generation of E-way bill

The basic premise of generating eWay Bill for inter-state and intra-state transportation of Goods is to eliminate the chances of tax evasion. The Eway bill lowers the chances of bribery

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Importing Your E-way Bills into GSTR-1: How You Need to Prepare?

Since the advent of GST, one aspect of EWB not contested much is its correlation to the data reported in the GSTR1. While GSTR1 is essentially a detailed report on

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OCTOBER 2018, ISSUE 1
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