E-way Bills

The Mumbai-based fintech company says by using its services, feature phone users can access their bank accounts, transfer funds, and make bill payments by giving a missed call

A government statement on September 1 noted higher GST collections for August, though it did not mention statewise numbers on e-way bill generation

Likely to take up GoM report on feasibility of system for intra-state movement of precious metals

August number contrasts sharp pick-up seen in daily e-way bill generation

GST Council must maintain revenue momentum, simplify rate structure, and strengthen cooperative federalism in spirit and letter

Business Standard brings you the top headlines on Wednesday

E-way bill generation rose by 22.6 per cent in the week ended June 27 at 14.6 million compared to 11.9 million in the previous week

Likely to decline to 55-58 million in April

The government is working on a system to soon provide report to GST officers on a real-time basis for those vehicles which are moving without e-way bills

Rule 86B under Central GST Act limits use of input tax credit for discharging liability, changes GST registration rules as well

The Central Board of Indirect Taxes and Customs (CBIC) said these taxpayers will not be able to generate Part A of the e-way Bill

Finance Secretary said more than 57.4 million e-way bills have been generated in September and these are affirmative signs of economic growth

Pandey said that almost 2.62 million e-way bills were generated on September 30, which was the highest ever count so far in a single day

E-way bills, after showing an uptrend since April, stagnated in August

A Group of Ministers (GoM) led by Kerala Finance Minister Thomas Isaac will take up the proposal - aimed at checking tax evasion and smuggling - on Friday

GST collection in June rises to Rs 90,917 crore from Rs 62,009 crore in May and Rs 32,294 crore in April

Agriculture was expected to be the only silver lining in the economy in the current financial year

This indicates that GST revenue for May, but collected in June, could recover after reporting a close to 85% shortfall in April vis-a-vis last year

In a notification, the Assam government said that several representations were received from different trade bodies and stakeholders to temporarily exempt them from generation of e-way bill.

The govt is also considering stopping generation of multiple e-way bills on one invoice number