What are E-way bills? As of March 1st, 2018, the Government of India introduced a new amendment in the GST taxation process- the commencement of e-way bills. E-way bill is the shorthand form of its expansion- electronic waybill. When an individual/organization who is registered under GST rules and regulations needs to abide by the
Individuals, entrepreneurs and business concerns who are registered under GST need an additional electronic way bill for their product invoice and delivery challan when the total value of the products cross a certain threshold. Electronic way bills were introduced as part of the GST comprehensive taxations law and came into effect from 1st March
Business entities are mandated by law to have a unique number under GST registration. In doing so, the businesses are enabled to collect GST-related taxes from the eligible recipients. The next step in the process is to avail of input credit by claiming on the website. GSTIN is the acronym for GST identification number
The Goods and Services Tax Identification Number (GSTIN) is a unique identification number assigned to every business registered under the Goods and Services Tax (GST) regime in India. It is a 15-digit alphanumeric code that helps in identifying the taxpayer and is used for various compliance and administrative purposes. The GSTIN is structured to
The GST, or the Goods and Services Tax is an indirect tax in India that mostly took the place of the services tax, VAT, and excise duty. The Goods and Service Tax Act was approved by the Parliament on March 29, 2017, and it became effective on July 1 of that same year. In
Goods and Services Tax (GST) is a comprehensive tax system applied across India. There are three main types of GST: CGST (Central GST): Collected by the Central Government on intra-state supplies, it is intended to replace various central taxes like service tax and central excise. SGST (State GST): Collected by State Governments on intra-state
