GST e-way bill is an electronic bill which is required for the movement of goods in case the value of the goods is above INR 50 thousand. The bill can be generated from the GSTN portal and every registered taxpayer must require this e-way bill along with the goods transferred. SAG Infotech brings you the complete process to file the GST e-way bill through the Gen GST software version 2 for a better understanding for the client. Gen GST software version 2.0 is a complete solution for all the unlimited client return filing, billing and GST e-way bill generation/updation/printing process. Here are some of the prominent features of Gen GST version 2.0 e waybill : Import or Add Client or Transporter Import / Export e waybill  Add E Way Bill Upload, Cancel, Extend Validity and Reject E waybill Upload supplier, receiver, transporter & vehicle details Consolidated View of e waybills Read also:   Latest E Way Bill Notification for Interstate and Intrastate Move...

ITC 04 filing is done by the manufacturers who use it to file the challan of any transfer in job work or goods from one place to another. It is mandatory to file the form by the job work industry. Here SAG Infotech will provide complete detail on how to file ITC 04 through the Gen GST software version 2.0. Our Gen GST software is known for the complete client return filing, billing and extended GST e-way billing solutions such as preparation and generation. There are certain features being provided in the ITC 04 form in the Gen GST software version 2.0, let us check them all: File return directly from the Software Get portal data directly from the user interface Add job worker details manually and save them for future use Import & upload data from/to govt portal View all errors in ITC 04 Recommended :  Free Download Gen GST Software For ITC 4 Filing

On 2nd January, CBIC has issued the notification for section 28 of the CGST (Amendment) Act, 2018 (No. 31 of 2018), which provided the section 140(the 1) of the CGST Act, 2017. As per section 28 of CGST (Amendment) Act, 2018 (No. 31 of 2018) amendment was done to allow the transition of CENVAT credit under the existing law. The  Central Excise and Service Tax laws are only applicable in respect of eligible duties. Read also: Read latest GST Circulars Issued by CBIC Department

On 27 December, the CBIC has notified the circular No. 75/49/2018 ' Seva Bhoj Yojna ' scheme. Under this scheme, IGST and CGST has been paid for the purchase and donate charitable/religious institutions on the free food serving by the public. The charitable/religious institutions are included Gurudwara, Temples, Dharmik Ashram, Mosques, Dargah, Church, Math, etc. The govt has released FORM SBY-01 to SBY-06 for all the charitable/religious institutions organizations offering under the Seva Bhoj Yojna. Read also: Latest GST Circulars and Orders By CBIC FORM SBY-01 - Application for SBY-UIN FORM SBY-02 - Unique Identification Number FORM SBY-03 - Application for Reimbursement of Tax Under the SBY FORM SBY-04 - Acknowledgment FORM SBY-05 - Order Sanctioning/rejecting Claim of Reimbursement FORM SBY-06 - Payment Advice

The Central Board of Direct Taxes (CBDT) today has notified five new changes in PAN card provisions . The new changes will become valid from 5th December 2018. According to new notification issued by CBDT, all the entities, which made financial transaction of Rs 2.5 lakh or more in a financial year will be eligible for the PAN card and has to mandatory apply for a PAN card on or before 31st May of the next financial year. Download Free Demo Gen Income Tax Software for R eturn Filing

The new modifications are done in the E- Way Bill generation form and is being released on 16th of November 2018. In this form there will be some latest improvement introduced such as duplicate e-way bills, CKD/SKD delivery challan along with original tax Invoice or bill of entry copy, shipping and dispatching address in case of import and export supply, etc. 1. Checking of duplicate generation of e-way bills based on same invoice number: In case a transporter or consignee has generated one e-way bill on the consignor’s invoice, then any other party. 2. CKD/SKD/Lots for movement of Export/Import consignment: Availability of Delivery Challan’ along with original ‘Tax Invoice’ or ‘Bill of Entry' 3. Shipping address in case of export supply type:  Bill To’ Party will be URP or GSTIN of SEZ Unit with the state as ‘Other Country’ 4. Dispatching address in case of import supply type:  Bill From’ Party will be URP or GSTIN of SEZ Unit with the state as ‘Other Country’ ...

In New Delhi, the Finance minister, Arun Jaitley, relieves taxpayers by announcing there is no late payment fee for filing the form late after 26 August for July month but the interest on late tax payment of the GST is eligible. The taxpayer is liable to pay the late fee in case he missed out on the GSTR filing but for the July month, they are exempted from it. The above announcement is made by the government in an issued circular by CBEC. (Link Circular Order) The finance minister further says, there is a curriculum of 100 Rs. per day for late filing the GSTR for CGST and SGST taxes . Now, the interest will be charged from the taxpayers who have not paid any tax yet, and no late fee penalty for this month. The GST Council had already mentioned in a provision that in case of late tax payment after the due date there will be 18% interest on the taxable amount and a late fee payment which is 100 Rs. per day is applied for filing late the GST forms from the due dates . For July mo...