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GST Updates:GOM meet On ‘incentivising digital payments under GST regime’

New Delhi:  “one more meeting is required; number of issues have come up calculate the loss & gains arising out of incentivising digital payments under GST” Said sushil Modi

“states are concerned about quantification of revenue loss and the use of GST mechanism” Sources say

Amit Mitra, West Bengal Finance Minister says have yet to do the data mining on this issue. We will collectively address this issue

On 10th May 2018, more than 12 lacs E-Way Bills were generated, out of which 40% were E-Way Bills for the movement of intra-state goods and 60% were for inter-state movement of goods.

Digital copy of E-way bill enough to give transporters right of way: Court

 Tax authorities cannot seize goods just because they-’re not accompanied by a physical copy of the electronic way bill (eway bill), the Allahabad High Court said in the first ruling on documents required to transport goods under the goods and services tax (GST) regime, thus setting a precedent. E-way bills can also be stored in electronic form on a mobile phone or other device.

List Top 10 states generating E-Way bills for Intra-State movement of goods

After implementation of E-way Bill from 1 April 2018 to till 05 May 2018 Uttar pradesh is the top most state where total 1,0 3,422 Intra-State E-Way Bill generated.

Here we are providing top 10 most intra-state generated states List

incentivising digital payments

List Top 10 states generating E-Way bills for Inter-State movement of goods

From 1 April 2018 to till 05 May 2018 Gujarat is the top most state where total 1,40,234 Inter – State E-Way Bill generated.

Here we are providing top 10 most inter-state generated states List

incentivising digital payments

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