Blog

FAQ’s - 3rd Series on E-way Bill Writer CS: Payal Kataria Question 1: Is it mandatory to obtain a unique Radio Frequency Identification Device (RFID) for movement of goods? Ans: Not in all cases. The commissioner may, by notification require a class of transporters to obtain RFID Question 2: Who can verify the E-way bill in physical or electronic form for all inter-state and intra-state movement of goods? Ans: The commissioner or an officer empowered by him in this behalf may authorise the proper officer to intercept any conveyance to verify E-way bill. Question 3: Who is authorised to do physical verification of conveyance? Ans: The physical verification of conveyances shall be carried out by the proper officer as authorised by the commissioner or an officer empowered by him in this behalf. Question 4: Is there any online system of recording report of inspection of goods in transit? Ans: Yes, a summary report of every inspection of goods in transit shall be recorded online by the proper officer in...

Making invoices the traditional way in digital era with Pakkabill   Before the rollout of GST, majority of the businesses were making invoices, the traditional way i.e. manually or using excel / word templates and some were generating invoices through accounting software. GST has brought a big business reform and taken a step towards dream of digital India. Business survival will be challenging without tuning business operations, DIGITAL. Time is alarming, to migrate from manual system of working to digital and automation modus operandi. Embracing digital technology provides numerous benefits: 1. System Approach (Saves time, energy & money) Digital tools bring system approach to business, like analytics, easy reconciliation etc. as compared to the traditional approach, thereby saving time, energy & money for business owners. 2. Business insights / reports To grow business, there is need of authentic and accurate information in organised way. With availability of lucid business reports, business owners can take right decisions at right time. 3. Eliminates Error, brings uniformity Remembering tax rates, making invoice...

E-way Bill – Brahamastra in the hands of Government Writer CS: Payal Kataria E-way bill system is Brahamastra in the hands of government, to mitigate tax evasion. Government is smelling tax evasion from the data of e-way bills generated in Maharashtra; it is less than expected. E-way bill system will act as scanner for movement of goods and will plug tax leakage, which will ultimately increase revenue. From the available data, there is apprehension that transporters or businesses are not generating E-way bills. Government successfully launched e-way bill system for inter-state movement of goods w.e.f. 1st April 2018 and till 9th April, more than 63 lakh e-way bills have been generated. Now, next success story will come up with applicability of e-way bill on intra-state movement of goods. For intra-state movement of goods, e-way bill system will start in phased manner. Government is ready with implementation of its first phase w.e.f. 15th April 2018 in the following states: 1. Andhra Pradesh 2. Gujarat 3. Kerala 4. Telangana 5. Uttar Pradesh In...

CBEC Clarification on issues related to furnishing of Bond/Letter of Undertaking for exports Writer: CS Payal Kataria CBEC clarifies that there is acceptance of LUTs if submitted online in FORM GST RFD-11. Accordingly, in partial modification of Circular No. 8/8/2017-GST dated 4th October, 2017, sub-paras (c), (d) and (e) of para 2 of the said Circular are replaced. Details of both circulars sub para (c ) (d) and (e) of para 2 are mentioned below for readers convenience and understanding. Circular No. 8/8/2017-GST dated 4th October, 2017 (c) Form for bond/LUT: Till the time FORM GST RFD-11 is available on the common portal, the registered person (exporters) may download the FORM GST RFD-11 from the website of the Central Board of Excise and Customs (www.cbec.gov.in) and furnish the duly filled form to the jurisdictional Deputy/Assistant Commissioner having jurisdiction over their principal place of business. The LUT shall be furnished on the letter head of the registered person, in duplicate, and it shall be executed...

Brief about CBEC Circular No. 39/13/2018-GST regarding Setting up of an IT Grievance Redressal Mechanism to address the grievances of taxpayers due to technical glitches on GST Portal Writer: CS Payal Kataria IT-Grievance Redressal Mechanism has been established to address the difficulties faced by a section of taxpayers owing to technical glitches on the GST portal . The relief has been given in the nature of allowing filing of any Form or Return prescribed in law or amending any Form or Return already filed. The details of the said grievance redressal mechanism are provided below: Where an IT related glitch has been identified as the reason for failure of a class of taxpayer in filing of a return or a form within the time limit prescribed in the law and there are collateral evidences available to establish that the taxpayer has made bonafide attempt to comply with the process of filing of form or return, GST Council has delegated powers to the...

E-way Bill FAQ's - 2nd Series Writer: CS Payal Kataria Question 1: Goods sent by principal to job worker from one state to another, who will generate e-way bill? Ans: Either Principal or Job worker, if both are registered person. If only principal is registered and job worker is un-registered then it is the obligation of principal to generate E-way bill. Question 2: Mr. A, registered person, generated e-way bill on 3rd April 2018 at 11:00 AM and movement of goods is within 80 KMs. What is the validity period? Ans: One day as distance is up to 100 KMs. E-way bill valid till intervening mid night i.e. 00:00 of 4th April & 5th April 2018 Question 3: Mr. A, working in Delhi, on 3rd April 2018 changed his job and got job in Mumbai. For moving his old and used household articles from Delhi to Mumbai, does he require an e-way bill? Ans: E-way bill is not required to be generated as per Rule 138(14). Question 4:...

FAQ's on E-Way Bill Written by: CS Payal Kataria, M.Com, FCS www.pakkabill.com Question 1: Mr. A, Principal, located in Punjab sent goods having consignment value INR 10,000=00 to job worker located in Haryana. Is there a requirement to generate E-Way bill in this situation? Ans: Yes, as per rule 138 of CGST (Second amendment rules 2018) Question 2: Mr. A, Principal, located in Punjab sent goods having consignment value having INR 10,000=00 to job worker located in Punjab. Is there a requirement to generate E-Way bill in this situation? Ans: No Question 3: Mr. X, Consignor, transported goods having consignment value INR 10 lakhs by Railways. Is there any requirement to generate E-Way bill under the given situation? Ans: Yes, either before or after the commencement of movement Question 4: Mr. A, registered in GST, and having GSTIN. Is there any requirement to register again for generating E-Way bill? Ans: Yes, every concern person is required to be registered for generating E-Way bill separately through www.ewaybill.nic.in Question 5: Which is the prescribed...

Job work Circular No. 38/12/2018 Brief of CBEC Clarification on issues related to Job work Circular No. 38/12/2018 On completion of the job work (by the last job worker), the principal shall either bring back the goods to his place of business or supply (including export) the same directly from the place of business/premises of the job worker within one year in case of inputs or within three years in case of capital goods (except moulds and dies, jigs and fixtures or tools). The responsibility of keeping proper accounts of the inputs and capital goods sent for job work lies with the principal. The responsibility for sending the goods for job work as well as bringing them back or supplying them has been cast on the principal. The job worker, in addition to the goods received from the principal, can use his own goods for providing the services of job work. Job worker is required to obtain registration only in cases where...

Online Information Database Access and Retrieval Services (OIDAR) under GST Writer: CS Payal Kataria Q No. 1 What is the full form of OIDAR? Ans. Online Information Database Access and Retrieval Q No.2 Which act in India explains taxability of OIDAR? Ans. Integrated Goods & Services Tax Act 2017 (IGST Act) Q No.3 Which particular section of IGST Act explains concept of OIDAR? Ans. Section 14 and related definitions are covered under section 2 of IGST Act Q No.4 What is the meaning of Online Information Database Access and Retrieval services? Ans. As per section 2 (17) Online Information Database Access and Retrieval services mean services whose delivery is mediated by information technology over the internet or an electronic network and the nature of which renders their supply essentially automated and involving minimal human intervention and impossible to ensure in the absence of information technology and includes electronic services such as, –– (i) advertising on the internet; (ii) providing cloud services; (iii) provision of e-books, movie, music, software and...

Margin Scheme for Buyer and Seller of Old Second hand Goods Article by: CS Payal Kataria Law is made to solve various problems. GST too was rolled out to resolve various business & economic issues. GST is not only a tax reform; largely it is a business reform. Don’t get afraid of this law, it will bring positive reforms in your business. Buyers & sellers of old second hand goods were wondering with questions like, “at what value GST rate will be charged?” Some business houses were charging GST rate at transaction value and felt huge burden of taxes on their sales. They were worried about their sales graph. Due to unawareness about rule 32(5) of the CGST Rules 2017, there was hue and cry. Through this article, endeavours are made to create awareness and to provide basis knowledge of margin scheme. Government also initiated efforts to spread knowledge on the subject through flyers. Hope! After regarding this article many of your queries on...