GST


GST E-Way bill amendment dated 07.03.2018(Notification No.12/2018):-

The government has made some changes to the e-way bill rules to further simplify the procedure for movement of goods under the Goods and Services.

Under the new rules, in the case of intra-state movement of goods, there will be no need for eway bill if the consignment’s total value is over Rs 50,000 but the individual consignment is valued at less than Rs 50,000, giving relief to e-commerce and courier companies that move packages for delivery. 
If both exempted and taxable goods are moved in a same invoice, only the value of the taxable supply will be considered for the purpose of generating an e-way bill. This will provide relief to the industry, especially FMCG companies that move all kinds of goods together. 

The e-way bill has been made mandatory at the time of delivery by the railways and job workers can also generate the bill in the case of inter-state movement of goods. Goods moved within a state did not need e-way bill for distances of up to 10 km, this has now been increased to 50 km, which will help smaller businesses. 

Earlier, after the expiry of the validity period, the transporter had to generate a new e-way bill. The e-way bill will be deemed to be accepted upon delivery of goods or the expiry of 72 hours of its generation, whichever is earlier. An additional field place of dispatch has been added in the e-way bill to address vehicle breakdown or such other contingencies. 


As per circulation no: F 3(134)/Policy-GST/2018/1444-54, In exercise of the powers conferred by clause (d) of sub-rule (14) of rule 138 of the Delhi Goods and Service Tax Rules 2017 that E-Way bill is not required to be generated in case of intra-state movement of any goods within the area covered under the National Capital Territory of Delhi.


This Notification shall come into force from 1st February, 2018.


PARTS OF E-WAY BILL

There is two parts of E-Way bills, i.e.
Part A: In the part A, we fill the details of Recipient, Item details and Value of goods.

Part B: In the part B, we fill the transporter details such as transport name,Vehicle number, GR number.
If the material is dispatch less than 10 Kms through by hand or rickshaw, in that case no E-way bill required.

 VALIDITY OF E-WAY BILL

An E-way bill validity is based on the distance travelled by the goods. Validity is calculated from the date and time of generation of e-way bill. E-way bill validity as per below:

Less than 100 kms:  1 day validity

For every additional 100 kms : Additional 1 day validity.

PENALTY OF E-WAY BILL

Penalty for E-way bill is 200% of value of invoice.


E-Way Bill


E-Way Bill is an electronic way bill for movement of goods which can be generated on the E-Way Bill Portal. Transport of goods of more than Rs 50,000 in value cannot be made by a registered person without an E-way bill. It will be  implementing w.e.f 1st February 2018.

E-way bill will be generated when there is a movement of goods of value more than Rs. 50,000. It should be generated by:

  • Registered Person – E-way bill must be generated when there is a movement of goods of more than Rs 50,000 in value to or from a Registered Person.
  • Unregistered Persons – Unregistered persons are also required to generate E-Way Bill. However, where a supply is made by an unregistered person to a registered person, the receiver or transporter will generate the E-Way bill.  
  • Transporter – Transporters carrying goods by road, air, rail, etc. also need to generate e-Way Bill if the supplier has not generated an E-Way Bill.

E-Way bill can be generated through offline utility. You can download the offline utility from the below link:

https://164.100.80.111/ewaybill_test/Documents/eWayBill%20Convertor.xlsm



Due Dates of GST Registration Enrollment Schedule

The schedule of the goods and service tax enrollment drive for the different states vary. Find below the specified dates for the states. If you have already missed the due date, the window will still be open until 31st of January 2017.

States Start Date End Date
Puducherry, Sikkim 08/11/2016 23/11/2016
Maharashtra, Goa, Daman and Diu, Dadra and Nagar Haveli, Chhattisgarh 14/11/2016 30/11/2016
Gujarat 15/11/2016 30/11/2016
Odisha, Jharkhand, Bihar, West Bengal, Madhya Pradesh, Assam, Tripura, Meghalaya, Nagaland, Arunachal Pradesh, Manipur, Mizoram 30/11/2016 15/12/2016
Uttar Pradesh, Jammu and Kashmir, Delhi, Chandigarh, Haryana, Punjab, Uttarakhand, Himachal Pradesh, Rajasthan 16/12/2016 31/12/2016
Kerala, Tamil Nadu, Karnataka, Telangana, Andhra Pradesh 01/01/2017 15/01/2017
Enrolment of Taxpayers who are registered under Central Excise Act/ Service Tax Act but not registered under State VAT 01/01/2017 31/01/2017
Delta All Registrants (All Groups) 01/02/2017 20/03/2017

Web site for GST registration is www.gst.gov.in




How pocket-friendly will GST be for you
GST council has agreed on rate structure as 0%, 5%, 12%, 18% and 28%. Having a slab rate structure in GST is departure from popular international practice of having one rate of tax for all goods and services.

A 4-tier GST tax structure of 5, 12, 18 and 28 per cent, with lower rates for essential items and the highest for luxury and de-merits goods that would also attract an additional cess, has been agreed upon by the GST Council.

Essential items including food, which presently constitute 50 per cent of the consumer inflation basket, will be taxed at zero rate, in order to keep a check on inflation.

The schedule for goods and services under each slab rate has not been announced yet. According to Finance Minister Arun Jaitley, highest tax slab rate will be applicable to items currently taxed at 30% to 31% (excise duty plus VAT) will be taxed at a demerit rate of 28%.
 
 
 
     
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