GST

What does Transporter ID means ?

TRANSIN, or Transporter ID, is a 15-digit unique number generated automatically by EWB for unregistered transportation companies. It is generated once the transporter enrolls in the system. This system is similar to GSTIN format, and is based upon state code, …


Why it is important for transporters to register under e-way bill ?

Some transporters may not be registered under the Goods and Services Tax Act but they cause the movement goods for their clients. To get a 15-digit Unique Transporter ID, they must register on the eway bill portal.


It is displaying the wrong mobile number or address when I try to register. What should I do or what does it mean

This indicates that your business registration details have been updated in the GST Common Portal. To pull the most recent data from the GST Common Portal, please click the "Update from Common Portal" button on the eway bill Portal. If …


what is this meaning ,If it is showing invalid GSTIN while registering with my GSTIN ?

This means that your GSTIN details are not available in the GST Common Portal. Check the GSTIN you have entered.


What is this indication If it is showing no phone number with GSTIN while registering ?

This means that the e-way billing system cannot obtain the contact details (mobile phone number of email address for your GSTIN) from the GST Common Portal (www.gst.gov.in). Contact GST helpdesk 0120-4888999


It is showing I have already registered whenever I try to register , what is this indication ?

This indicates that your GSTIN has already registered on the electronic bill portal. You have also created your username & password on the electronic bill system. These credentials will allow you to log in to the e-way billing system. Forgot …


Is this important to register once again in e-way portal even if I have registered in GST portal ?

Yes. All the persons who is registered under GST have to register on the e-way bill portal : www.ewaybillgst.gov.in using his GSTIN. Once GSTIN has been entered the system will send an OTP via registered mobile number to GST Portal. …


The e-way bill site is not clearly visible , what is the solution for it ?

Check that your browser is the correct version as recommended by the eway bill portal. Also, check security settings and display property. This site works best when viewed with Internet Explorer 11 and above, Firefox 43.5 or higher, Chrome 45 …


What to do if the system of e-way bill is slow ?

Kindly refresh your internet connection and try again .


What to do if I did not get the OTP on my phone ?

You should check whether you have enabled 'Do not disturb (DND) on your mobile. Your service provider network might be busy. OTP can also be sent to your email-id.


How to generate e-way bill ?

This is the portal to generate e-way bill https://ewaybillgst.gov.in


What will happen if a trader is not able to undertake compliances under GST himself ?

The government will permit qualified individuals to become GST Practitioners under the GST. If the trader is not able to complete the compliances, he can use the services of GST Practitioners to help him. In each GST Commissionerate, there would …


HSN nomenclature is not something traders are used to .They will likely face hardship , How will they deal with this ?

Taxpayers with a turnover below Rs. 1.5 crore are exempt from this requirement. HSN Code is not required for taxpayers with a turnover below Rs. 1.5 crores. HSN Code is not required for taxpayers whose turnover exceeds Rs.1.5 crores, but …


How the stock transfer will be valued ?

If the recipient is eligible to receive full input tax credit then the value that a trader has declared in an invoice shall be considered the open market value and accepted for assessment purposes. The value of supplies shall be …


Taxing stock transfers in GST will impact it adversely ?

Taxing stock transfers has the sole purpose of ensuring that the ITC moves with the supply of goods to where it is ultimately consumed. This is done to ensure that taxes are paid to the state where the supply is …


GST traders will find it difficult to comply with GST. What steps have been taken to reduce compliance burden for small traders?

No. No. This is what the Government has done : (a) GST is not required for small traders with turnovers below Rs.20 Lakhs . (b) A simple and easy-to-understand composition scheme is available for traders with turnover above Rs. 75 …


Traders currently are not allowed to take cenvat credits. As of July 1, 2017, they will have duty-paid stock. It possible, however, that traders might not have the duty-paid documents for such stock. Are there any GST plan that allow trader to claim GST?

Yes, If they have duty-paid invoices, the full credit of ITC for existing stock can be transferred to GST. (Refer to Q 24). If no duty paid invoices can be found, traders will have access to a deemed credit program …


. What does a credit-transfer document means ?In what ways it work for traders?

A manufacturer could have cleared goods to a dealer before the GST. In this case, a dealer not registered under the Central Excise Act is nevertheless registered under the CGST Act 2017. To address such cases, the 2004 CENVAT Credit …


Can a trader with duty-paying documents (including a First Stage dealer or a Second Stage dealer) claim the Cenvat Credit on stock held at the designated date, viz. 1st July 2017, 2017?

Yes. A trader with duty-paying documents, including a first or second stage dealer, can claim Cenvat Credit under section 140(3) of CGST Act 2017, 2017. However, the following conditions must be met: (a) inputs are used or intended for use …


What is the time period in which a person may exercise the option to pay tax under composition Ivey?

A registered person may exercise the option to pay tax under a composition scheme so long as he meets all conditions in section 10 of CGST Act 2017, read with Chapter II, CGST Rules 2017.