Soon, no e-way bill if GST returns not filed for 6 months

Non-filers of GST returns for 6 consecutive months will soon be barred from generating e-way bills for movement of goods.

The Goods and Services Tax Network (GSTN) is developing such IT system that businesses who have not filed returns for two straight return filing cycle, which is 6 months, would be barred from generating e-way bills, an official said.

“As soon as the new IT system which will ensure barring of e-way Bill generation if returns are not filed for 6 months is put  ..

The move, officials believe, would help check Goods and Services Tax (GST) evasion.

So far, businesses and transporters are required to broadly mention the distance and place of loading and unloading of consignments for generating e-way bill

Tightening the norms for issuance of e-way bill, the GST Network has made it mandatory for businesses and transporters to mention PIN codes of places of loading and unloading of consignments.

Quoting of PIN codes, according to officials, will help in calculating the correct distance and determine the validity of the electronic way or e-way bill, which is used by businesses to transport goods worth over Rs 50,000 both within and outside a state.

1. ELSS Funds

There are other problems though. Equity markets were volatile last year and 2019 may not be any different. The economy has slowed down and there is a general election coming up. This should not worry long-term investors who stagger their purchases and average out their costs through monthly SIPs. But the SIP window has closed for taxpayers who have to show proof of Sec 80C tax-saving investments in a few days.

“A lot of taxpayers are eager to invest in ELSS funds but we don’t want them to invest recklessly. If a first-time investor loses money, he is scarred for life and may decide to stay away from equities for years,” says Shweta Jain, CEO and Founder, Investography a Bengaluru-based financial advisory frim. Her advice to taxpayers: Do not put a large sum into ELSS funds at one go, stagger it over 2-3 tranches before the 31 March deadline.

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Dussehra (Maha Navami) in India

Dussehra (Vijaya Dashami, Dasara, or Dashain) is a Hindu festival that celebrates the victory of good over evil. It is a gazetted holiday in India, which is marked on the 10th day of the bright half (Shukla Paksha) of the month of Ashvin (Ashwayuja), according to the Hindu calendar.

What Do People Do?

Many people of the Hindu faith observe Dussehra through special prayer meetings and food offerings to the gods at home or in temples throughout India. They also hold outdoor fairs (melas) and large parades with effigies of Ravana (a mythical king of ancient Sri Lanka). The effigies are burnt on bonfires in the evening. Dussehra is the culmination of the Navaratri festival.