When shall E-way Bill Come into effect?

E-Way Bill will come into effect from 01.02.2018 for Inter-State movement of goods.

When do E-Way bill is required?

The E-way Bill is required when moment if goods valued at 50,000/- or above is involved

What are objectives of E-Way bill?

  • Single e-way bill for hassle-free movement of goods throughout the country.
  • No need for separate transit pass in each state for movement of goods
  • Shift from departmental- policing Model to self-declaration model for the movement of goods.

What are benefits of E-Way bill?

  • Taxpayers/transporters need not visit any tax officers/check posts for generation of e-way Bill/movement of goods across states.
  • No waiting time at check posts and faster movement of goods thereby optimum use of vehicles /resources, since there are no check posts in GST regime.
  • User–Friendly e-way bill system.
  • Easy and quick generation of e-way Bill
  • Checks and balances for smooth tax administration and process simplification for easier Verification of e-way Bill by tax Officers.

List of features of the E-Way Bill Portal.

  • The user can create masters of his Customers, Suppliers & Products for easy generation of e-way Bill.
  • The user can monitor e-way bills generated on his account/behalf.
  • Multiple modes for e-way bill generation for ease of use.
  • The user can create sub-users and roles on the portal for generation of the e-way bill.
  • Alerts will be sent to users via Mail & SMS on registered mail id/mobile number.
  • Vehicle number can be entered either by the supplier /recipient of goods who generate EWB or the transporter.
  • QR code will be printed on each e-way Bill for ease of seeing details.
  • Consolidated e-way Bill can be generated for a vehicle carrying multiple consignments.

What are Modes of generation of E-Way Bill?

  • Web-Online using a browser on laptop or desktop or phones etc.
  • Android-based Mobile App on mobile phones.
  • Via SMS through the registered mobile number.
  • Via API (application program interface) I.e. Integration of IT system of the user with e-way bill system for generation of e-way Bill.
  • Tool-based bulk generation of the e-way bill.
  • The third party-based system of suvidha Providers.


following new functionalities were made available on GST portal for you:

  1. A)Registration: Form for application of cancellation of registration by (new) taxpayer, is now available on GST portal (see rule 20 of the CGST rules, 2017).


  1. B)Returns:  
  2. a)Taxpayers has been provided facility to give details of supplies made to merchant exporters at rate of 0.1 %, in all returns.
  3. b)Taxpayer has now been provided with Table 9 of Form GSTR 1, to give amendment details of invoices/ credit or debit notes etc. of previous period.
  4. c)Form GSTR-1 filing date has been changed to 10th Jan 2018, for the months of  July to November, 2017, ( for such class of registered persons having aggregate turnover of more than 1.5 crore rupees in the preceding financial year or the current financial year), as per Notification No. 72/2017 Central Tax  dated 29th December, 2017.
  5. d)Tax payers have been given option for quarterly filing of Return. If a taxpayer opts to file quarterly returns, if their annual turnover is less than Rs 5 Cr (on basis of their turnover in previous financial year or this financial year expectation), then in these cases GSTR 1 of August, 2017 is disabled and he can file details for August and September, 2017 in GSTR 1 of September, 2017 and so on. Pl note that no changes can be made in GSTR 1 return of July, 2017. Pl also note that option once exercised cannot be changed in the current financial year.
  6. e)GSTR3B Nil Return Filing: So far there was no provision to file NIL Form GSTR 3B Return. All taxpayers were shown all tiles along with Payment tile. But in new implementation, in case a taxpayer selects option to file Nil GSTR 3B return, they can straightaway file NIL Return.
  7. f)GSTR 3B Return filing based on Questionnaire was implemented in GST Portal. On logging in and selecting Form GSTR-3B tile in Return dashboard, system now displays a questionnaire to the taxpayer, for selecting the tiles which will be displayed later to taxpayers, for filing of GSTR 3B Return.
  8. g)GSTR 4 and Composition Return Dashboard: Composition tax payers have to file quarterly return and Normal tax payers have to file monthly returns in GST Regime. For the taxpayers who have opted in to composition scheme and taxpayers who have opted out from the composition scheme as normal tax payer, provision to file both monthly/quarterly returns (in the interim period), has been enabled on the GST Portal.
  9. h)TRACK RETURN STATUS: Track Return Status is now available post login to taxpayers on the GST Portal, to track the status of submitted/filed return.
  10. i) Form GSTR 5: Creation and submission of Form GSTR 5 by Non-resident taxable person is now available on GST Portal, for giving details of ITC taken, amendments, supplies made etc by them.
  11. j)Form GSTR 5A : Creation and submission of Form GSTR 5A by OIDAR (Online Data Access or Retrieval Services) is now available on GST Portal, for giving details of supplies made by them to non-taxable person in India.
  12. k)Table 6A of Form GSTR 1 workaround has been disabled at GST portal due to the fact that the Form GSTR 1 for further period can now be filed by the taxpayers.  The taxpayers are required to fill the details of tax paid on exports made by them in Table 6A at the time of filing GSTR 1 for the relevant tax period.  In case the tax payer has already submitted Table 6A of Form GSTR 1 for the relevant tax period before filing GSTR 1 for the relevant tax period, he is not required to fill information in Table 6A at the time of filing GSTR 1 for the same tax period as these details will be auto populated in the relevant tab in the for GSTR 1. The previously filed Table 6A of Form GSTR 1 may be viewed by ARN Search.
  13. l) As the last date for filing Form GST-TRAN 1 is over on 27/12/2017 therefore, Form GST-TRAN 01 has been disabled at GST portal.
  14. m)Issues coming to taxpayers while filling up of amendment tables in offline utility of Form GSTR 1 has been fixed.
  1. C)Refunds: Taxpayers has been provided with the facility on GST Portal to claim refund of
  2. a)Exports of services with payment of Tax
  3. b)ITC accumulated due to inverted tax structure [under clause (ii) of first provision to section 54(3)]
  4. c)On account of supplies made to SEZ unit/ SEZ Developer (with payment of tax)
  5. d)On account of supplies made to SEZ unit/ SEZ developer (without payment of tax)
  6. e)Recipient of deemed exports
  7. f)Pre-login tracking of refund status with ARN  (
  1. D)Offline Tool for Form GST TRAN 2:  An offline tool to fill and upload data for TRAN 2 is now available to taxpayers on the GST portal. ( TRAN 2 is statement for unregistered person under existing law, now registered in GST, to avail credit on goods held in stock on the appointed day, in respect of which they are not in possession of any document evidencing payment of duty. (Refer Rule 117(4) of CGST rules).


Source: GSTIN


As per the ICAI notification GST is applicable for CA IPCC & Final may 2018 attempt.

The Council of ICAI has decided that Goods and Services Tax (GST) will be examined in both Part II: Indirect Taxes of Paper 4: Taxation of Intermediate (IPC) Course and Paper 8: Indirect Tax Laws of Final Course from May, 2018 examination onwards.

Good luck for your may 2018 exams.

Official link 


Hi Everyone,

In this article we are going to discuss about top 3 cloud accounting & inventory management software for your business & individual needs. Among leading companies who offers cloud ERP solutions for business few service providers are as follows:

  1. ProfitBooks:

Profitbooks offers complete GST solutions for small & medium size business. you can relay upon profitbooks for your GST compliance related work. Features & pricing structure of profitbooks are as follows:


  • Recording of your  day to day transactions  with profitbooks GST software
  • Experts can file returns for you
  • CA assistance & GST setup for your startup
  • It also offer Free GST registration

Pricing Structure :

Professional Plan: Approx Rs. 2,999 per year

services includes: GST Accounting + Payroll

SMB Plan: Approx Rs. 8,999 per year

Services includes: GST Accounting + Inventory + Payroll


2) ClearTax:

Clear Tax has almost similar solution for GST compliance. It offers cloud accounting & inventory solution for chartered accountants, small, medium & large enterprises. Features & pricing structure of clear tax is as follows:


  • Can be well integrated with Tally Erp software and other leading ERP softwares
  • Auto  Matching of GST returns
  • One Click Download of GSTR 2A data
  • GSTR2 can be filed for FREE even if you haven’t filed GSTR1 or GSTR3B

Pricing Structure:

CAs and Tax Professionals: Approx Rs.6,000 per year

Small Businesses : Free Plan & well as paid plan approx Rs.7,500 per year

Medium & Large Corporates : Offers Custom Pricing


3) ZohoBooks:

ZohoBooks offers GST  accounting solutions as well as  & other advance level inventory & other solutions for enterprises: features & pricing structure is as follows:


  • Offers Adding of contacts and users
  • Create estimates and invoices
  • Tracking of Expenses
  • Connect to secure, automatic bank feeds
  • Create projects and timesheets
  • Track inventory levels
  • Generate sales order and purchase order
  • Can Generate business reports
  • File GST returns

Pricing Structure:

One Organization: Approx Rs 2499 /year *


Though their are many other other GST cloud accounting & inventory solution providers, you can relay upon these service provides for your business or individual needs. You can check detailed information by visiting respective website for price changes & features.







The Information provided above have been prepared as a guide and they are not intended to be exhaustive.  information is provided based on the available information as outlined on the respective website on date. you may visit  respective website for latest information & pricing. Author or website is not responsible for any action or liability. The reference is for information purpose only.












Rate of tax could come down to 12% To give a boost to the hospitality sector and bring down the cost for consumers, the Goods and Services Tax Council could bring parity in rates between air-conditioned and non-air-conditioned restaurants at a uniform 12 %. Separate GST for 5 star hotel The council could also recommend a separate GST rate than the current 18 per cent for restaurants in 5 star hotels. Eating out a necessity not luxury Eating out is no longer a luxury. It is often a necessity, it is not form of entertainment. So, why have this distinction between AC and non-AC restaurants for taxes. Families like to spend time together at weekends and majorly these families belong to middle class income group. Charging tax at higher rate by giving the reason that spending money at restaurant is luxury expenditure will not be justified for these families.
Considering the same reason committee of State Finance Ministers are planning to bring down the tax rate to 12% with no ITC to restaurants. Reason why post GST eating out has become expensive Eating out has become very expensive for consumers post GST. Adding to the cost is restaurants are not passing the ITC benefits to the consumers which increases the cost of spending at restaurant. Tax on processed foods in the previous regime was 5% but in GST it has gone up to 12%. Also taxes on many inputs have gone up adding to the cost of in the form of higher menu prices to consumers. Industry’s reaction to the impact of such a move is mixed The National Restaurant Association of India (NRAI) has expressed concerns about restaurants not being able to claim input tax credit if the GST rate is brought down to 12% from the current 18% tax rate. Increase in cost by 7-10 % in the absence of ITC In the absence of input tax credit, restaurants will not able to claim these tax rebates, resulting in an increase in their operational costs by 7-10 % when the rate of tax is brought down to 12%. Situation in Earlier tax regime In the earlier tax regime, restaurants were allowed an Input Tax Credit on things like food items, cutlery etc.
Restaurants not passing ITC benefits Restaurants are not passing the ITC benefits to the consumes and taking this view committee members feel that to bring down the cost for consumers by reducing the tax rate to 12% and not allowing the ITC. This means that if a restaurant was not passing the benefits of ITC to its customers now the cost of their customers will come down by 6%. But if certain restaurants were passing the benefits of ITC to its customers in this case their operational cost will go up by 7-10% which means that their customers can end up paying effective more 1-2% of cost as reduction of tax will bring down the effect of increase in cost.


How can we protect our credit cards from such frauds? Is there really a way to escape from credit card cyber attacks? Will RBI and banks do something to stop it?
Yes, RBI has implemented key measures to enhance better security on credit and debit cards. Banks must issue international credit and debit cards that are EMV (Europay, Mastercard and Visa) chip-based with a pin enabled Magnetic strips are no more issued in the new cards. The active cards with magnetic strip will have a newly set daily limitations The terminals used by the traders and the infrastructure must have payment-data security standard certificates If any suspicious purchases are witnessed, easy to use and quick modes are implemented for customers to block the card for banks to check with the customer if they witness any Ok, Banks are taking actions. Does it mean that I am 100% safe from credit card crimes? Unfortunately, the answer is no. You are not 100% protected just by banks implementing safety measures in their systems. It is like locking your home safely when you go out. Will you keep the house doors open while going out just because you have police patrolling the area? No, right. Likewise, you must take responsibility to protect yourself from such crimes.
You must take precautionary measures while using ATM cum debit cards and credit cards online and offline. Minimize the chances of being a victim of ATM cum debit card card theft. What should you do while using your cards in ATM machines? Always scan the area before entering the ATM room. If there is only one machine, do not allow anyone to enter in while making a transaction. You can politely tell them to come in after you are done. If you suspect any threat, come out quickly and get into a safer place where there are people around you. In case of two or more ATM machines in the same room, always cover the area with your hands while entering pin number and do not allow others to view the same. Do not use ATM machines that are located in dark or isolated area. Always use the machine which is associated with a bank or where a security guard is present. Check with your banks and register for SMS alert whenever the card is being used. You will be notified on each transaction.
In case of anyone else using your card, you will be notified immediately. Keep the transaction receipts safely until verifying the same with your bank statements Carelessly used pin numbers are the reasons people become a victim of debit card crimes.
What can be done to protect the pin?
Change the pin numbers as frequently as possible Do not write pin numbers anywhere, definitely not on the card Do not keep the card and the pin number you received from the bank in the same valet or bag Do not keep the easily recognized numbers like your birthday, marriage day as your pin Always use strong passwords as advised by the banks How to protect your credit and debit cards while using in retail outlets, shops, restaurants or petrol pumps? Most of the times the employees in the restaurants or petrol pumps join hands with the group to commit such cyber crimes. They swipe your card in the skimming machines where the details are recorded to make duplicate cards. Present yourself while the employees in the retail outlets swipe your card for billing. Check your card after swiping in the retail outlets. If you feel any changes like glue, damaged part while touching or if you are not able to insert it in ATM machines, inform your bank immediately and block the card from using. Try to swipe the card by yourself while trading in shops. Cover CVV number with your hands so that the person at the receiving end cannot view it or hide the CVV number with a marker before using it.
Always check for the correct amount in the receipt before signing it. If you see a blank space between net and total amount, cross the space before signing. How to protect your credit and debit cards while using online? Online purchases also lead to credit card thefts. Always use the secured website where the url starts with https://. Check for ‘s’ and do not use the sites that have just http://. Always use the virtual keyboard to enter the info. Banks also offer virtual credit card. Opt for virtual credit cards and avoid being a victim. Keep track of all online transactions and cross check with bank statements. If you are changing the address, inform your bank immediately, so that any communication from the bank does not reach wrong hands. Never use your credit or debit card with or without your photo as your id proof. Be it through emails or in person, do not give your bank details, credit card numbers along with passwords to anyone even they identify themselves as bank employee. Precaution is better than cure. The above discussed precautions will save you from credit card frauds if practiced.


GST – One Nation One Tax – is an initiative by the Government to eliminate various indirect taxes and incorporate all of them into one, thereby reducing the tax complexity. But five products viz petroleum crude, high-speed diesel, motor spirit (commonly known as petrol), natural gas and aviation turbine fuel – the “Panchratnas” were not lucky enough to be given the opportunity to taste the fruits of this simple tax regime.

In this regard, reference may be made to Section 9(2) of the CGST Act, 2017 which states that the central tax on the supply of petroleum crude, high-speed diesel, motor spirit (commonly known as petrol), natural gas and aviation turbine fuel shall be levied with effect from such date as may be notified by the Government on the recommendations of the Council.

A perusal of the above indicates that the Government may bring these five petroleum products into the GST regime in future, but presently they have been denied the benefits of this new system. What disturbs the public is the question that why the panchratnas have not been brought into the GST net?

The reason for this inequality being that the States earn loads of revenue from the petroleum products, and bringing them into GST would make the Legislatures lose the same. But is this even a reason enough to keep these panchratnas out of GST? What about the oil industries who are facing immense trouble due to this decision? What about the consumers who are paying much more than what they will be required to pay if GST is levied on these products? What about the inflationary impact on the economy as a whole, due to ever rising prices of these products?

As usual, the major sufferers of this partiality are the ultimate consumers (often called as the king of the market, but who always become the slave of the market!). Hard to believe, but the fact is that if the panchratnas are levied to GST, their prices would be reduced to almost half. If we look into the present situation of the economy, petrol prices recently touched Rs. 80/litre in Mumbai, Rs. 74/litre in Kolkata while it is over Rs. 70/litre in Delhi and Bangalore. According to the data released by the Indian Oil Corporation BSE for the petrol price build up in Delhi, the fuel costs only Rs 26.65 at the refineries. Dealers get a litre of petrol at Rs. 30.70 which is sold at Rs 70.39/litre in Delhi. This means that Rs. 39.69 is charged as tax component and dealer’s commission on every litre of petrol sold (More than even the purchase price of the dealer!) So we are being looted in the name of taxes!


Worse than that, the Oil companies are suffering since the day GST has got implemented. They have been left at the mercy of their accountants since dealing in different kinds of taxes at the same time has become a major challenge. Complying with all the tax laws (new and old) for each transaction is making them work like never before.

For instance, suppose a company is producing LPG along with crude oil, it has to pay GST on LPG while Excise Duty and VAT on crude oil. Moreover, if they use common inputs for the two, credit will be available on the portion of inputs used for LPG production while no credit would be allowed on that used for crude oil. Now, assuming that it transports the crude oil produced by it through its own pipelines, GST will get levied on the pipeline transportation service of crude oil. Now, how do such a company distinguish between the portion of inputs used for transportation of oil, and not for production of the same oil. To make my point clearer, say it uses a tank for storage of crude oil after production, and then transportation begins from that point itself. Then, will it reverse the credit on such tank as it was an input to the production of crude oil, or will it avail the credit on the note that it was used for storage which is an essential part of transportation. How do such issues get resolved? Had it been a One-Tax regime, such a situation would not have arisen.

As per the latest report, petrol pumps across the nation have threatened to go on a 24 -hour strike on 13th October’17 due to long pressing demands being ignored, one of them being their inclusion in the GST regime. If the strike really happens, the loss of revenue to the economy would be magnificent. Is this really worth it, I mean, in an economy which calls itself republic, people have to go on strike to get their demands met!

With all such problems creeping in, there is still a ray of hope that the Panchratnas are brought into the GST regime as soon as possible. If the Government wants to give Diwali gifts in the real sense, then will it not be better to first starting with lowering the prices of oil and then extending benefits to the batti which cannot be lit without the oil!!


In this article we shall be discussing about how to generate new E-way bill online under GST Welcome to new E-way BILL SYSTEM, a system for hassle free movement of goods throughout the Country with one E-way Bill. Now all the taxpayers, transporter and related stakeholders who are responsible for the movement of goods from one state to another, can take a sigh of relief. This is because, for any movement of goods across India, the taxpayers can generate a single e-way bill online through a portal called With this single E-way bill, the goods can be transported from one state to another without any hindrance.
What is bill? is the central tax website link from where the supplier, receiver or transporter can generate e-way bill for the movement of goods across India. In other words, if you want to generate the e-way bill, then you need to first register on the website and then only you can proceed for E-way bill generation. Four key players for generation of E-way bill online The four key players for generation of E-way bill under GST are as follows: Supplier: The Supplier can register and generate e-way bills after registering on the website. Further, they also have the power to reject, if e-way bill does not belong to him. Recipients: The recipient to has the power to register and generate an e-way bill from Further, he also has the power to reject the e-way bill. Transporter: He can generate the e-way bills under GST and he can further update the vehicle numbers for the e-way bills assigned to him for transportation by the taxpayers. Department officers: The department shall verify the e-way bills and consignment carried with the e-way bills. Registration procedure for enrolling E-way bills under GST It is a one time registration. The GST tax payer can open the web site and select the option ‘E-Way Bill Registration’. Here, the tax payer has to enter his GSTIN and on validation, the system shows him his GSTIN details and request for send OTP. The OTP will be sent to the tax payer’s registered mobile number. After entry and validation of OTP, username and password, the system creates the username and password for the tax payer. Understanding the website after logging in Once you are registered with the, the next step is to log in into the system, i.e. on Once you are logged in, a new window opens up where you can see the following details on the left side of the window: E-way bill Consolidated E-way bill Option to reject Reporting Masters – where you can create items, customers, products etc. User management Registration. Features of New E-Way Bill system: This new system facilitates the tax payers to enter his master entries for customers, suppliers, transporters and products. This information will help him in quicker and easier generation o fe-way bills later.
There are different modes of e-way bill generation – Web based, SMS based, Mobile App based, Bulk generation, API based, Suvidha Provider based. The tax payer can also generate and manage multiple sub-users and assign them the roles on thee-way bill system. The tax payer needs to take care while managing the sub-users to avoid mis-utilisation of his GSTIN. Generation of new E-way bill under GST Once you are logged in into the system, you need to select the ‘generate e-way bill’ and after that, you need to select ‘E-way bill’. Further, keep the invoice or bill of supply and transporter ID ready to fill all the required details to generate the new e-way bill. To complete the creation of new E-way bill under GST, kindly follow the rules: You need to select the type of transaction, i.e. sales or purchase. Once the type of transaction is selected, you need to choose types of document i.e. tax invoice, bill of supply or delivery challan. If you are generating an E-way bill for outward supply, then enter name and GSTIN for the consignee. After that, you need to enter items details. Further, details of items shall be auto populated, if the item has been created from the masters (option on the homepage after logging in). Select mode of transportation. The user shall select the mode of transportation like by road, air, rail etc.
If a user is carrying out the transportation through the third party, then he /she will generate the E-way bill by entering the transporter id and transporter document number and date given by the transporter. Once the transport ID is selected, the generated e-way bill shall be forwarded to the concerned transporter, and then the transporter shall enter vehicle number. Auto verification and generation of 12 digit code Once the request has been submitted by the user, the system will verify the details automatically and shows a message, if there is any error. Further, if all the details are correct, then e-way bill be generated through form EWB – 01 containing the 12 digits unique number. Non validity if vehicle entry is not made If the vehicle entry is not made in the e-way bill then the same shall not be valid. Hence, it is very important to add a vehicle. Further, once the vehicle number is entered, the system shall show the validity. This indicates the user to get the goods moved with that valid date and time. Otherwise, the movement of goods becomes illegal. The vehicle number can be entered by the tax payer or the transporter. Thereafter, the user can take the print out of the E-way bill from there.
The e-way bill can be cancelled within 24 hours by the tax payer. The other party of the goods can reject thee-waybill, if it does not belongs to him. One time enrolment for GST unregistered transporters: Unregistered transporter need to open web site and go to ‘Enrolment for Transporter’ option. Enter the PAN details, other business details and authenticate with OTP. The OTP will be sent to his mobile number. After entry and validation of OTP, username and password, the system creates the username and password for the transporter.


Taxing at charge of zero.05% for intra country deliver of taxable items via a registered dealer to a registered recipient for export difficulty to the subsequent conditions:

1. Mandatory registration dealer and recipient must be registered.

2. Time limit to export goods goods have to be exported inside ninety days by using the recipient from the date of issue of bill through dealer.

3.Matters to encompass in transport invoice*/invoice of export* transport invoice or invoice of export have to suggest gstin of supplier and tax invoice range issued through supplier. *delivery invoice which means: the shipping bill is the principle report required with the aid of customs authority for clearance of products for shipment. *bill of export: wherein the products are to be cleared with the aid of land customs, bill of export is ready in place of the delivery invoice.

4. Registration of recipient with export merchandising council recipient will be registered with export promoting council (epc) or a commodity board known by means of the department of trade.

5. Order at concessional charge and replica to jurisdictional officer of provider order need to be placed at concessional rate by recipient and a replica of equal need to be provided to the jurisdictional tax officer of the dealer.

6. Second of products recipient shall circulate the products from suppliers area a. Immediately to the place* from in which goods are to be exported. B. Directly to a registered warehouse from in which items will move to an area* wherein items will be exported. *place: port, inland field deport, airport or land customs station.

7. Aggregate substances from a couple of providers in case if recipient intends mixture elements after which export they must observe following steps: step 1. Items from each dealer shall pass to registered warehouse. Step 2. After aggregation, items shall move to the location* in which they shall be exported. *area: port, inland box deport, airport or land customs station.

8. Requirements for combination resources noted above. A. Recipient shall recommend receipt of products at the tax bill and b. Acquire acknowledgement of receipt of products in the registered warehouse from the warehouse operator. Above mentioned each documents shall be provided to dealer and to the jurisdictional tax officer of such supplier.

9.Whilst goods are exported recipient shall offer reproduction of : a. Transport invoice/bill of export containing info of gstin and tax bill of the provider.(as cited in point no. 3) and b. Evidence of export standard occur or export record having been filed. To dealer and jurisdictional tax officer of such dealer. If the recipient fails to export the stated goods within a length of 90 days from the date of problem of invoice provider will now not be eligible for above exemption.