Have you encountered any challenges while trying to create a GST E-way bill using the government portal? If yes, SAG Infotech is here to provide some important solutions for you. NIC has launched the GST E-Way Bill 2 Portal. Designed to Offer GST E-way Bill Services with High Availability Using the e-way bill site, taxpayers and logistics operators can log in with their current account and password. Data from the GST E-way Bill2 site will be verified, combined, and available on the main GST E-way Bill portal for all business and analytical objectives. To guarantee that e-invoice generation is unaffected, this portal is integrated with another e-invoice portal for e-way bill generation. Users can freely create and amend E-Way Bills using the GST E-Way Bill2 Portal. The seamless integration and merging of the e-Waybill1 and e-Waybill2 systems will lessen reliance on the e-Waybill1 system in emergencies. E-way bill details are synchronised with the main portal in only a few seco...

The GST bill refers to the document that shows the tax information on certain transactions consisting of goods or services. GST is a complete indirect tax imposed on the supply of goods and services at every production and distribution chain phase. It acts as proof of tax paid on certain transactions and is an important document for businesses and people concerned with buying or selling goods and services. GST execution in various countries has eased the taxation regime, which makes it more clear and efficient. There is always a risk of bogus activities with any system along with the making and circulation of the bogus GST bills . Acknowledging and reporting these bogus bills is important to maintain the GST system's integrity. The GST bill elements comprised of- Understanding the GSTIN for Businesses: The GSTIN, a distinctive identifier for businesses under GST registration, aids in taxpayer identification and tracking. An Important Factor in Transaction Records for Invoice Numbe...

In India, the commencement of GST started the search of businessmen for a well-grounded GST solution. The GST regime was started with the intent to ease the indirect tax mechanism and to bring uniformity in taxation by following "One Tax One Nation". Potent IT infrastructure, which includes innovative GST software, indeed helped and is helping taxpayers and professionals easily adhere to government rules & regulations and enabled them to file returns, complete registrations, and make tax payments with just a few clicks. SAG Infotech (CA software development company) capacities businessmen and accounting & taxation professionals with advanced Gen GST software that ensures on-time help via a squad of experts. Today, businesses, small-sized or big-sized, need innovations & ideas to move forward with the digital revolution and beat the ever-growing competition. Accounting & taxation software like Gen GST, Gen TDS, and Gen Income Tax allows taxpayers to e...

Prime Minister of India has declared his intention to transform India into the world's third-largest economic powerhouse during the Government's upcoming tenure. Conversely, the International Monetary Fund (IMF) has cautioned that India's overall Government debt might surpass 100% of its Gross Domestic Product (GDP) in the medium term and that the country faces a significant risk to its long-term debt sustainability due to the substantial investment required to achieve India's climate change mitigation goals. Nevertheless, India perceives these risks as insignificant since most of its sovereign debt is denominated in the domestic currency and therefore carries limited exposure. The Lok Sabha, Parliament of India, has approved three new bills pertaining to criminal legislation, specifically bills aimed at replacing the Indian Penal Code (IPC), the Indian Evidence Act, and the Code of Criminal Procedure (CrPC). The newly enacted laws are known as the Bhartiya Nyaya Sanhi...

Since the start of the GST in the Indian economy, it has amended the taxation system of the country. While the GST is known for the easier taxation process and enhancing the simplicity of doing a business in the longer run, the process of GST along with the role of the GSTIN or the goods and services tax identification number is going to have an immediate impact on the functioning of their business and must be learned by the businesses and stakeholders.  The tax identification number called the GSTIN comprises a 15-digit unique code that is assigned to every business that registers itself beneath the GST. One shall apply for the GST identification number by enrolling for GST which is a no-cost process provided by the Government of India. One would enroll for the GST in the mentioned two ways: Online registration on the GST portal Offline Registration by going to the GST Seva Kendra. Eligibility to Apply for GSTIN You shall go through the below-mentioned criteria for the applicabil...

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...

In 2025, India made amendments to its Goods and Services Tax (GST) system, which was introduced in 2017. The primary purpose of this amendment is to ensure that businesses and individuals comply with tax regulations, reduce tax fraud, and streamline tax management through the use of technology. The GST Network (GSTN) and the Central Board of Indirect Taxes and Customs (CBIC) have implemented new processes and software systems to streamline the tax return filing procedure for individuals. These improvements aim to simplify the tax filing process, minimise errors, and ensure that all taxpayers, as well as tax professionals, fulfil their tax obligations responsibly. Updates for the same have been given, and the impact they have had on business, accounting, and GST software providers. GSTR‑3B Locking Mechanism Introduced from July 2025 In 2025, an amendment was introduced regarding how businesses report their taxes using GSTR-3B. Now, the details of sales made by businesses, referred to as...

Authority for Advance Ruling (AAR) recently confirmed that GST shall not be applied to the ‘Mobilization Advance’ received prior to the implementation of the Goods and Service Tax (GST) regime in India. ‘Mobilization Advance’ is basically the payment done to the supplier/contractor for performance under a contract. M/s.Shapoorji Pallonji and Co.Pvt.Ltd is a construction dealer (and the applicant here) and a registered taxpayer under GST . The company is in the construction business deals with the clients on ‘Contract Basis’ involving the supply of Goods and Services as well. The applicant thus confirmed that they have signed a contract of constructing the Service and Teaching Facility at CMC and as mentioned in the contract the issuing company was obliged to give 5% of the contract price as the ‘ Mobilization Advance ’ to the applicant (construction company). The said ‘Mobilization Advance was to be given in two installments each bearing. 2.5 percent and the value completely am...

Business accounting relies heavily on invoices since they have a variety of uses. This signifies that your clients or customers are responsible for paying you for goods and services they have received from you. In addition to this, an invoice can also be used as a form of payment agreement. All Business-to-Business (B2B) transactions made by your company must be accompanied by an e-invoice if you are GST-registered. This article may be of interest to you if you are wondering whether an e-invoice in GST is needed. Our guide to e-invoicing in GST explains what it means when it is applicable, and how it can be generated. The first step is to get started. What Does E-Invoicing Mean in GST? All B2B invoices are uploaded and authenticated by the GST portal in order to become known as an e-Invoice, also called electronic invoicing. Invoices are automatically assigned a unique IRN once the IRP has authenticated them. In addition to the digital signature and QR code, each invoice unde...

Introduction to GST Goods and Service Tax introduced by the government of India is a comprehensive indirect tax policy for several Indirect Taxes in India. GST came into existence from 1 July 2017 with the concept of ‘One Nation One Tax’.  GST is an indirect tax applicable to the supply of goods and services. This tax regime has surpassed several policies to become the best tax collection policy in India. As per the GST regime, tax is imposed at every point of sale. Like for sales within state premises, Central and State GST is charged and for sales outside state premises, integrated GST is charged. Let’s begin with the main mechanism of GST: How does the GST work? GST is a 'comprehensive tax' that is imposed at ‘multiple stages’ and is charged as per the 'destination of the consumer'. It adds to the value of the product. Multiple Stages Several steps are involved from making to delivering the end product to the consumers. Like buying raw materials...

As we approach the end of the 2024-25 financial year, businesses must execute several critical tasks to ensure adherence to Goods and Services Tax (GST) regulations and facilitate a seamless transition into the upcoming fiscal period.   This post will address crucial aspects of GST reconciliations among return filings, obligations related to GST on outward supplies, the reverse charge mechanism, and other compliance obligations.  GST Reconciliations B/W Return Forms  A comparison between the data of outward supplies in books and the GST returns (books, GSTR-1, and GSTR-3B) can help recognise possible changes to the GST returns. Turnover and taxes should also be included in this differentiation.  The differences can be identified by making a settlement between the documented rates in books and the reported rates in GSTR-1, counting tax ledgers, and 3B for the reverse charge mechanism (RCM).  Recommended: Do Not Buy GST Software If These Features Are Not Ava...

The 50th meeting of the GST Council last month introduced numerous fresh updates and changes to the GST law. Alongside decisions about GST rates on goods and services, the Council discussed the taxation on several resources. Additionally, the Council proposed modifications to the GST law to simplify compliance, particularly suggesting using DRC-01C forms to address disparities between GST returns. Among these forms, a recent notification this month proposed an alteration to the Central Goods and Services Tax (CGST) Rules, introducing a new form known as DRC-01C. This form's implications and its effects on businesses are outlined below. Difference Between GSTR-2B & GSTR-3B Form of DRC-01C Central Tax Notification 38/2023 recommended the inclusion of Rule 88D, which outlines how differences in input tax credit (ITC) within GST returns will be managed. As per this rule, if the ITC claimed in GSTR-3B exceeds that available in GSTR-2B by an amount or percentage specified by the gov...

The validity of Electronic Way Bill or e-Way Bill has been extended by the Central Board of Indirect Taxes and Customs (CBIC) till 30th June 2020. The date has been extended for all the bills generated on or before 24th March 2020 and validity of which has been expired between 20th March 2020 and 15th April 2020.  In a notification released by the board, paragraph first of clause (ii) read "Provided that where an e-way bill has been generated under rule 138 of the Central Goods and Services Tax Rules, 2017 on or before the 24th day of March, 2020 and whose validity has expired on or after the 20th March, 2020, the validity period of such e-way bill shall be deemed to have been extended till the 30th day of June, 2020." Read Also:    E-way Bill Generation and Registration Pdf Guide by Gen GST Software V2.0 The notification will prove to be beneficial for the transporters and truckers of the country. The board had earlier extended the validity of bills till 31st May 2020 fo...

A Step-by-Step Guide to Generate GST E-Invoices Under the Finance Ministry, The Central Board of Indirect Taxes and Customs (CBIC) issued a notice through a notification last week on the reduction in the revenue threshold for e-invoicing. As per the notification, enterprises having revenue of more than Rs. 5 crores, from the previous Rs. 10 crores, in any financial year will be required to produce e-invoices for business-to-business (B2B) transactions including supply of goods and services and exports which will come in action from August 1, 2023. Goods and Services Tax Network (GSTN),through the e-invoice system, substantiates B2B invoices electronically which are uploaded by suppliers and the Invoice Registration Portal (IRP) generates an identification number for every invoice. Validated invoice data is transferred from the IRP to the GST portal in real time, eradicating the requirement to manually enter data during the filing of the GSTR-1 return. CBIC's new turnover criteria ...

CGST Act, 2017 Section 50 of Legal Language A. Every individual who is responsible to furnish the tax as per the provision of the act or the compliance incurred in it, however, unable to furnish the tax or any portion in it to the government with the duration mentioned, would be for the duration towards which the tax or any portion in it would stay unpaid, pay on itself, interest at that rate, mot more than 18%, as might be reported via government on the council's suggestion. Mentioned that the interest on the levied tax for the supplies incurred a tax duration and mentioned in the return for the particular duration filed post to the last date as per the provisions of section 39, besides where these returns would file post to the start of any proceedings under section 73 or section 74 for the mentioned duration would be subjected to pay on that tax segment which would be paid through debiting the electronic cash ledger. B. The interest under sub-section (1) will be computed in a wa...