HAPPY NEW YEAR TO ALL THE PEOPLE OF J&K Dr. Rakesh...
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NEW DELHI, Dec 31: The GST provision requiring transporters to carry an electron- ic waybill or e-way bill when moving goods between states will be implemented from February 1 to check rampant tax evasion and boost revenues by up to 20 per cent. After implementation of the Goods and Services Tax (GST) from July 1, the requirement of carrying e-way bill was post- poned pending IT network readiness. This was done even in the 17 states which in the pre- GST era had a well established electronic challan or e-way bill system, a top government offi- cial said. Earlier, tax evasion was ram- pant as some preferred not to pay tax by resorting to cash dealing. Once the e-way bill system is implemented, tax avoidance will become extreme- ly difficult as the government will have details of all goods above the value of Rs 50,000 moved and can spot the mis- match if either the supplier or the purchaser does not file tax returns, he said. The all-powerful GST Council had on December 16 decided to implement the e-way bill mechanism throughout the country by June 1. The official said e-way bill for inter-state movements will be implemented from February 1 and for intra-state movement from June 1. The official said states have been given the option of choos- ing when they want to imple- ment the intra-state e-way bill between February 1 and June 1. They have also been given the option to exempt movement of goods within 10-km radius, he said, adding all essential goods have been exempted from the requirement of carrying e- way bill. Besides plugging tax eva- sion, the e-way bill will boost revenues by 15-20 per cent, he said. "The experience of states which had e-way bill system in pre-GST era showed a 15-20 per cent rise in revenue," he said. The official said a pilot of e- way bill has been successfully run in Karnataka and the IT sys- tem is fully geared to meet any requirement. E-way bill is an electronic way bill for movement of goods which can be generated on the GSTN (common portal). Movement of goods of more than Rs 50,000 in value cannot be made by a registered person without an e-way bill. The e-way bill can also be generated or cancelled through SMS, he said. When an e-way bill is generated, a unique e-way bill number (EBN) is allocated and is available to the supplier, recipient, and the transporter, he added. Trade and transporters can start using this system on a vol- untary basis from January 16. The rules for implementa- tion of nationwide e-way bill system for inter-state movement of goods on a compulsory basis will be notified with effect from February 1, 2018. This will bring uniformity across the states for seamless inter-state movement of goods. (PTI) MONDAY, JANUARY 1, 2018 (PAGE 16) DAILY EXCELSIOR, JAMMU WISHES HAPPY NEW YEAR -2018 TO ALL THE JAMMUITES Sh. Vinod Kumar -Vice President Sh Parveen Singh -General Secretary Sh Suresh Kumar -Organizer Secretary Sh Subhash Chander Gupta -Joint Secretary Sh Kama Dev Samal -Treasurer And All Members S. Harjit Singh Raina President, JUCA JAMMU UNIVERSITY CONTRACTORS ASSOCIATION JAMMU Dr. Rakesh Sharma’s NIRAMAYA HOSPITAL Run by (Nirmaya Health Acts (OPC) Pvt. Ltd) Opp. JRC Home Udheywala Bohri, Jammu. FOR CONSULTATION CONTACT: 9419725019 FOR EMERGENCY: 9419190019 HAPPY NEW YEAR TO ALL THE PEOPLE OF J&K For Fracture Treatment and Joint Replacement For Obstetrics & Gynaecology Consultation & Surgeries Dr Rakesh Sharma (M.S Ortho) AO Fellow Germany Fellow Arthroplasty Mumbai Dr Reema Khajuria (M.D Gynae) Save your knees. If you want we can replace them also. GST: e-way bill system to be implemented from Feb 1 Online Tatkal booking softwares under CBI scanner NEW DELHI, Dec 31: A number of online soft- wares, being used allegedly by travel agents to trick the Tatkal booking systems, have come under the scanner of the CBI during its probe against its techie who has developed a similar system, the agency sources said here today. During its probe against its own programmer, Ajay Garg, who had developed one such illicit software, the agency has noticed a large number of soft- wares which were easily avail- able online for a price. These were being used to trick the railway ticketing sys- tem by speeding up the booking process and allowing multiple tickets, they said. The sources said 'neo' soft- ware developed by Garg is one among many such programmes available online, they said. "All such softwares are under scanner. We are examin- ing them and may soon take action, if any illegality is found in their operations," an official said. The sources said the soft- wares work on "auto fill" sys- tem where details of large number of ticket seekers are entered and kept ready even before Tatkal bookings open on the IRCTC website at 10 am for trains departing next day.(PTI) Chander Parkash Ganga (HON’BLE MINISTER FOR INDUSTRIES & COMMERCE uoo”kZ] xq:ioZ ,oa yksgM+h dh gkfnZd ‘kqHkdkeuk,¡
Transcript of HAPPY NEW YEAR TO ALL THE PEOPLE OF J&K Dr. Rakesh...
NEW DELHI, Dec 31:
The GST provision requiringtransporters to carry an electron-ic waybill or e-way bill whenmoving goods between stateswill be implemented fromFebruary 1 to check rampant taxevasion and boost revenues byup to 20 per cent.
After implementation of theGoods and Services Tax (GST)from July 1, the requirement ofcarrying e-way bill was post-poned pending IT networkreadiness. This was done even inthe 17 states which in the pre-GST era had a well establishedelectronic challan or e-way billsystem, a top government offi-cial said.
Earlier, tax evasion was ram-pant as some preferred not topay tax by resorting to cashdealing. Once the e-way billsystem is implemented, taxavoidance will become extreme-ly difficult as the governmentwill have details of all goodsabove the value of Rs 50,000moved and can spot the mis-match if either the supplier orthe purchaser does not file taxreturns, he said.
The all-powerful GSTCouncil had on December 16decided to implement the e-waybill mechanism throughout thecountry by June 1.
The official said e-way billfor inter-state movements willbe implemented from February1 and for intra-state movementfrom June 1.
The official said states havebeen given the option of choos-ing when they want to imple-ment the intra-state e-way billbetween February 1 and June 1.
They have also been given
the option to exempt movementof goods within 10-km radius,he said, adding all essentialgoods have been exempted fromthe requirement of carrying e-way bill.
Besides plugging tax eva-sion, the e-way bill will boostrevenues by 15-20 per cent, hesaid. "The experience of stateswhich had e-way bill system inpre-GST era showed a 15-20 percent rise in revenue," he said.
The official said a pilot of e-way bill has been successfullyrun in Karnataka and the IT sys-tem is fully geared to meet anyrequirement.
E-way bill is an electronicway bill for movement of goodswhich can be generated on theGSTN (common portal).Movement of goods of morethan Rs 50,000 in value cannotbe made by a registered personwithout an e-way bill.
The e-way bill can also begenerated or cancelled throughSMS, he said. When an e-waybill is generated, a unique e-waybill number (EBN) is allocatedand is available to the supplier,recipient, and the transporter, he
added.Trade and transporters can
start using this system on a vol-untary basis from January 16.
The rules for implementa-tion of nationwide e-way billsystem for inter-state movement
of goods on a compulsory basiswill be notified with effect fromFebruary 1, 2018.
This will bring uniformityacross the states for seamlessinter-state movement of goods.(PTI)
MONDAY, JANUARY 1, 2018 (PAGE 16) DAILY EXCELSIOR, JAMMU
WISHES
HAPPY NEW YEAR -2018TO
ALL THE JAMMUITESSh. Vinod Kumar -Vice PresidentSh Parveen Singh -General SecretarySh Suresh Kumar -Organizer SecretarySh Subhash Chander Gupta -Joint SecretarySh Kama Dev Samal -Treasurer
And All Members S. Harjit Singh RainaPresident, JUCA
JAMMU UNIVERSITY CONTRACTORS ASSOCIATION JAMMU
Dr. Rakesh Sharma’sNIRAMAYA HOSPITAL
Run by (Nirmaya Health Acts (OPC) Pvt. Ltd)Opp. JRC Home Udheywala Bohri, Jammu.
FOR CONSULTATION CONTACT: 9419725019FOR EMERGENCY: 9419190019
HAPPY NEW YEARTO ALL THE PEOPLE OF J&K
For Fracture Treatmentand Joint Replacement
For Obstetrics & GynaecologyConsultation & Surgeries
Dr Rakesh Sharma (M.S Ortho)AO Fellow Germany Fellow
Arthroplasty Mumbai
Dr Reema Khajuria (M.D Gynae)
Save your knees. If you want we can replace them also.
GST: e-way bill system to be implemented from Feb 1
Online Tatkal booking softwares under CBI
scannerNEW DELHI, Dec 31:
A number of online soft-wares, being used allegedly bytravel agents to trick the Tatkalbooking systems, have comeunder the scanner of the CBIduring its probe against itstechie who has developed asimilar system, the agencysources said here today.
During its probe against itsown programmer, Ajay Garg,who had developed one suchillicit software, the agency hasnoticed a large number of soft-wares which were easily avail-able online for a price.
These were being used totrick the railway ticketing sys-tem by speeding up the bookingprocess and allowing multipletickets, they said.
The sources said 'neo' soft-ware developed by Garg is oneamong many such programmesavailable online, they said.
"All such softwares areunder scanner. We are examin-ing them and may soon takeaction, if any illegality is foundin their operations," an officialsaid.
The sources said the soft-wares work on "auto fill" sys-tem where details of largenumber of ticket seekers areentered and kept ready evenbefore Tatkal bookings openon the IRCTC website at 10am for trains departing nextday.(PTI)
Chander Parkash Ganga(HON’BLE MINISTER FOR
INDUSTRIES & COMMERCE
uoo”kZ] xq:ioZ
,oa
yksgM+h dh
gkfnZd
‘kqHkdkeuk,¡
