The MSME sector, which is the backbone of the economy, needs a lot of support from the banking industry, said Thakur
Matching of invoices of e-way bills with the sales shown in GSTR-1 will help taxmen in assessing whether the supplies have been accurately shown in sales return
Non-filers of GST returns for 6 consecutive months to be barred from generating e-way bills for movement of goods
Central tax officers have detected 3,626 cases of GST evasion/violations cases, involving Rs 15,278.18 crore in April-December period.
One year of GST: Government could push a raft of anti-evasion measures if compliance or collections dip
Several changes in GST compliance during the initial phase had disturbed businesses and hence there would be a conscious effort to reduce the level of compliances in the coming year
Central govt said that two more states - Maharashtra and Manipur - along with five Union Territories will roll out the intra-state e-way bills from Friday
GST Network crash: Will e-way bills system bring back border check posts and Inspector Raj in new form?
GST Council finalised e-way bills rules in August, but a planned rollout in October was deferred after GSTN portal had crashed last year.
Govt to soon finalise anti-profiteering rules, working to remove glitches in e-way bills process: CBEC
Official says under GST 15 states have already agreed for smooth implementation of intra-state movement of goods via e-way bills from 1 February
Express Industry Council of India chief operating officer Vijay Kumar said all the benefits of the GST will be lost because of e-way bills, and the country risks slipping back on the global logistics performance index