User Rating: 0 / 5

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive
 

SHOPIAN: District Administration Shopian in collaboration with Commercial Taxes Department organized an awareness programme on e-way bill under Goods and Service Tax (GST), here today at Mini Secretariat Arhama Shopian. Speaking on the occasion District Development Commissioner Shopian, Mohammad Aijaz appreciated the efforts of commercial taxes officers for organizing an event for explaining salient features and benefits of e-way bill under GST to all stakeholders. He said awareness programme was vital for getting all stakeholders viz. businessmen, educationists, media persons, public servants, lawyers, entrepreneurs ready for its implementation.

The GST provision, requiring any good more than Rs 50,000 in value to be pre-registered online before it can be moved, is likely to kick in from October after a centralised software platform is ready. The provision, called the e-way bill, would be implemented after infrastructure for smooth generation of registration and its verification through hand-held devices with tax officials is ready. 

 

As per the provision, GSTN would generate e-way bills that will be valid for 1-20 days, depending on the distance to be travelled one day for 100 km, 3 days (100 to less than 300 km), 5 days (300-less than 500 km) and 10 days (500-less than 1,000 km).  "We hope the e-way bill can be implemented in three months’ time as by then, we hope to develop the infrastructure for the consolidated e-way bill,"

 

The draft e-way bill rules, which was made public in April, provide that the person-in-charge of conveyance will be required to carry the invoice or bill of supply or delivery challan, and a copy of the e-way bill or the e-way bill number, either physically or mapped to a Radio Frequency Identification Device (RFID) embedded onto the conveyance.  The rules authorise the tax commissioner or an officer empowered by him on his behalf to intercept any conveyance to verify the e-way bill or the number in physical form for all interstate and intra-state movement of goods.  Physical verification of conveyances can be carried out on specific information of evasion of tax, as per the rules. 

 

Earlier, Assistant commissioner Commercial taxes, south Kashmir explained the anticipated impact of e-way bill under GST on tax structure, tax incidence, tax computation, tax payment, compliance, credit utilization and reporting under the new regime which would lead to a complete overhaul of the current indirect systems. He described e-way bill under Goods and Services Tax (GST) as one of the best possible tax systems that will immensely benefit stakeholders. Among others attended the programme, commercial Taxes Officer, Pulwama and Shopian, other concerned officers and officials and local traders.