How to Generate E-Way Bill in GST

Eway bill will be mandatory for moving goods interstate from February 1 for goods value more than 50000. Trail run for generating e way bill has started and even 4 states have already make it mandatory from January 1. So you must prepare for generating e way bill.

However e way bill is mandatory from February 1 but we advice you to start attaching e-way bill. There is simple steps for generating e-way bill which is as under.


- Go to ewaybill.nic.in
There is an option to E WAY BILL REGISTRATION as shown in picture. Click on e way bill registration.



Enter your GST Number and fill Code as per in the box and click GO
An auto filled form will come on screen with your GST details, Registered mobile number, email id , address etc. Check these details and Click Send OPT. An OTP will come both mobile number and email id. Simply fill the OTP and the system will allow you to make a username and a password.
After registration Signin on ewaybill.nic.in and the screen will open like this.
For generating E way bill you need to click on ewaybill on top left and generate new.
A new screen will open asking for the details of bill for generating Ewaybill.

Now you need to enter the following details as per required.
  1. Transaction type- Outward or Inward
  2. Sub Type- Need to tell is it a supply, Export,Job Work,CKD/SKD,own use Etc.
  3. Choose Document type as per required.
  4. Enter Document Number.
  5. Party Details Name,GST nUMBER AND PIN code is mandatory.
  6. Item details- Product name, HSN code value and tax amount as per invoice.
  7. Transporter details-Mode-choose rail,road,ship etc
  8. App Distance is mandatory for the validity of eway bill. So one can enter the distance approx.
  9. Transporter Id or vehicle number- One is mandatory for eway bill.
Click on submit and your eway bill is ready for print or mail.
GST e-Way Bill Trail Run Starts

GST e-Way Bill Trail Run Starts

The trial run for the e-way bill — an electronic mechanism for tracking transportation of goods under the goods and services tax — began on Tuesday with 11 states participating. The system, which is expected to plug revenue leakages currently plaguing indirect tax revenue collection, will become mandatory for all states from February 1.

Generating an e-way bill will now be mandatory for all interstate movement of goods beyond 10 km and a value of more than Rs 50,000. “The e-way bill can be generated either by the supplier, recipient or transporter of goods through various modes including online at the GST Network portal, android mobile app, SMS and API (application programming interface)-based site to site integration,” GST Network (GSTN) said in a statement. GSTN runs the IT backbone for GST and will also provide services for the e-way bill.

The mechanism will ensure that transporters and other taxpayers will not be required to visit any tax office or check-post, GSTN CEO Prakash Kumar said. Kumar added that tax inspectors might conduct random checks to confirm if a particular consignment has been registered on the portal or not. This, he added, can be confirmed through an SMS sent to the portal in areas with poor internet connectivity.


Four states — Karnataka, Rajasthan, Uttarakhand and Kerala — had already started using e-way bills. Seven more states including Haryana, Bihar, Maharashtra, Gujarat, Sikkim, Jharkhand and Goa signed up on Friday. “To prevent delays at check points the GST inspectors at check points should have instant electronic access to verify the e-way bill and they should be instructed not to do physical checks which can be onerous and time-consuming and lead to delays in transportation of goods,” said

Atul Gupta, senior director, Deloitte India. GSTN said its portal will allow generation of multiple e-way bills for a single transporter carrying more than one consignment. “There is provision for cancellation of e-way bill within 24 hours by the person who generated it,” GSTN said. It added the recipient can reject the e-way bill within 72 hours of generation. The validity of the e-way bill is fixed as one day for every 100 km.
Identity Theft- How to Protect your Bank Account

Identity Theft- How to Protect your Bank Account

If you log in to the website of State Bank of India, you will notice this message there — “SBI never asks for confidential information such as PIN and OTP from customers. Any such call can be made only by a fraudster. Please do not share personal info.” The fact is SBI is not the only bank which has been educating their customers about the dangers of phishing, voice phishing and other scams. Many other banks and financial institutions have also been doing this through e-mails and SMS alerts for a long time. Still, hundreds of people are still falling prey to such things and realise their folly after losing their hard-earned money to fraudsters.

According to HDFC Bank, a fraud could leave you without any funds in a matter of minutes. Therefore, stay protected from identity thefts. Identity theft, in fact, occurs when someone wrongfully uses your personal information to obtain credit, loans and services in your name.

How do fraudsters operate?

# Fraudsters try to gather a customer’s details through Phishing, Vishing, Smishing or any other means. Phishing has been around since the advent of the internet and identity thieves can use this to trick unsuspecting individuals to disclose sensitive information. Phishing attempts will usually direct you to reward or coupon sites where you may be asked for personal information or creating an identity. Phishing can also be performed via telephone where the person could call you under the guise of being a representative of a bank or some other organization you trust. Vishing or voice phishing is the practice whereby fraudsters gain access to your personal information using a voice call.


# Fraudsters also call customers and try to collect details by posing as a bank staff.

# Fraudsters may visit you with a fake card and swap it with your live card, without your knowledge.

# Data you post to social media accounts and consumer forums is also a goldmine of information for potential identity thieves.

Here’s how to protect yourself from Identity Theft:

# Remember, your bank never calls you for personal details, like mother’s name, PIN number, or password Any such e-mail/SMS or phone call is an attempt to fraudulently withdraw money from your account through Internet Banking. Never respond to such email/SMS or phone call.

# Never share your personal information with a stranger or any third party, posing as bank representative, insurance agent or someone else.

# Don’t carry any piece of paper holding details of your identity. If you are likely to forget any password or PIN number, then keep it at your home at a safe place so that you can see it whenever needed.

# Beware of phishing emails that prompt you towards free subscriptions where you have to simply create a login ID and password.

# Update your bank records whenever you change your contact numbers, address or email ID. This will help your bank send an instant alert to you in case something happens.

# Opt for the SMS alert service provided by your bank even if you are charged for it.

# Change your account passwords regularly.

# Whenever in doubt, call your bank immediately.
Prosecutions Proceeding Increased by 184% of Tax Evaders in FY 2017-18-CBDT

Prosecutions Proceeding Increased by 184% of Tax Evaders in FY 2017-18-CBDT

The Income Tax Department has accorded the highest priority to tackle the menace of black money. With this objective in mind, the Department has initiated criminal prosecution proceedings in a large number of cases of tax offenders and evaders.

Prosecutions have been initiated for various offences including wilful attempt to evade tax or payment of any tax; wilful failure in filing returns of income; false statement in verification and failure to deposit the tax deducted/collected at source or inordinate delay in doing so, among other defaults.

During FY 2017-18(upto the end of November, 2017), the Department filed Prosecution complaints for various offences in 2225 cases compared to 784 for the corresponding period in the immediately preceding year, marking an increase of 184%. The number of complaints compounded by the Department during the current FY (upto the end of November, 2017) stands at 1052 as against 575 in the corresponding period of the immediately preceding year, registering a rise of 83%. Compounding of offences is done when the defaulter admits to its offence and pays the compounding fee as per stipulated conditions.

Due to the decisive and focused action taken by the Department against tax evaders, the number of defaulters convicted by the courts has also registered a sharp increase during the current fiscal. 48 persons were convicted for various offences during the current year(upto the end of November, 2017) as compared to 13 convictions for the corresponding period in the immediately preceding year, marking an increase of 269%.

A few illustrative cases are highlighted.

i. A Dehradun Court convicted one defaulter for holding undisclosed foreign bank account and sentenced him to two years of imprisonment for wilful attempt to evade tax and to two years for false statement in verification alongwith monetary penalty for each default respectively.

ii. The Court of CJM, Jalandhar convicted a cloth trader with 2 years rigorous imprisonment for trying to cheat the Department by fabricating affidavits and gift deeds, in connivance with his advocate and witness, with the motive of evading tax. The Court, while awarding the sentence to the trader, also simultaneously awarded one year's imprisonment to the advocate notarizing the forged affidavit and also to the witness for aiding and abetting the serious offence.

iii. In Bengaluru, the MD of a company engaged in infrastructure projects was found guilty of non-deposit of TDS of over Rs. 60 lakh(within the prescribed time), and was sentenced to rigorous imprisonment of three months alongwith imposition of fine. Similarly, a Mohali resident was held guilty of non-deposit of TDS within prescribed time and sentenced to one year jail alongwith fine.

iv. In another case of Hyderabad, the Director of an infrastructure company was sentenced to rigorous imprisonment of six months and fine for wilful attempt to evade tax. She was simultaneously sentenced to rigorous imprisonment for six months alongwith fine for false statement in verification.

v. The Economic Offences Court at Ernakulam sentenced an individual to rigorous imprisonment of three months for selling property to evade payment of taxes of about Rs. 76 lakh despite issuance of the tax recovery certificate by the Tax Recovery Officer.

vi. In yet another case reported from Agra, the Special CJM convicted one defaulter with imprisonment of one year & six months for wilful attempt to evade tax and for false statement in verification respectively alongwith fine.

The Income Tax Department is committed to carry forward the drive against tax evasion and action against tax evaders will continue in all earnest in the remaining part of the current Financial Year.
CBDT Attaches Properties Over Rs. 3500 Crore as Benami Properties

CBDT Attaches Properties Over Rs. 3500 Crore as Benami Properties

The Income Tax Department has stepped up actions under the Prohibition of Benami Property Transactions Act (the 'Benami Act'), which came into force w.e.f 1st November, 2016. The Act provides for provisional attachment and subsequent confiscation of benami properties, whether movable or immovable. It also allows for prosecution of the beneficial owner, the benamidar and the abettor to benami transactions, which may result in rigorous imprisonment up to 7 years and fine upto 25% of fair market value of the property.

The Department had set up 24 dedicated Benami Prohibition Units (BPUs) under its Investigation Directorates all over India in May, 2017 to ensure swift action in respect of Benami properties.

Due to intensive efforts undertaken by the Department, provisional attachment has been made in more than 900 cases of properties under the Act. These include plots of land, flats, shops, jewellery, vehicles, deposits in bank accounts, fixed deposits etc. The value of properties under attachment is more than Rs. 3500 crore including immovable properties of more than Rs. 2900 crore.

In five cases, the provisional attachments of Benami properties, amounting to more than Rs. 150 crore have been confirmed by the Adjudicating Authority. In one such case, it was established that a real estate company had acquired about 50 acres of land, valued at more than Rs.110 crore, using the names of certain persons of no means as benamidars. This was corroborated from the sellers of the land as well as the brokers involved. In another case, post demonetization, two assessees were found depositing demonetized currency into multiple bank accounts in the names of their employees, associates etc. to be ultimately remitted to their bank accounts. The total amount attempted to be remitted to the beneficial owners was about Rs. 39 crore. In yet another case, a cash amount of Rs. 1.11 crore was intercepted from a vehicle with a person who denied the ownership of this cash. Subsequently, no one claimed ownership of this cash and it was held to be benami property by the Adjudicating Authority.

The Department is committed to continue its concerted drive against black money and action against Benami transactions will continue to be intensified.
Latest FVU Version 5.7 and RPU version 2.2 e-TDS Software Free Download

Latest FVU Version 5.7 and RPU version 2.2 e-TDS Software Free Download

Latest version of FVU and RPU has been launched on 11 January 2018. FVU 5.7 and RPU version 2.2 is the latest version for e-TDS software and making tds/tcs return. This FVU version 5.7 and RPU version 2.2 are applicable from 11 January 2018. There are many new features added in fvu 5.7 and RPU 2.2 which are as follows.

In case of non-availability of PAN of deductee for Form 27EQ, two new fields are introduced under deductee details which are as below:
Field no. 31) Deductee is Non-Resident (value ‘Y’ or ‘N’ is allowed under this field).

Field no. 32) Deductee is having Permanent Establishment in India (value ‘Y’ or ‘N’ is allowed under this field).

The above referred validations are applicable for Regular and Correction (C3) statements pertaining to FY 2017-18 onwards.

Nature of remittance option present under deductee details for Form 27Q is to be made mandatory from FY 2013-14 onwards.

It will be applicable to correction (C3) and regular statements.

This version of FVU is applicable with effect from January 11, 2018.

Incorporation of latest File Validation Utility (FVU) version 5.7 (applicable for TDS/TCS statements pertaining to FY 2010-11 onwards) and FVU version 2.153 (applicable for TDS/TCS statements from FY 2007-08 up to FY 2009-10)
Download FVU 5.7
Download RPU 2.2
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CBDT to Intimate Proposed Income Loss Adjustment prior to Intimation U/s 143(1)

CBDT to Intimate Proposed Income Loss Adjustment prior to Intimation U/s 143(1)

CBDT issued a circular no. 1/2018 dated 10 January 2018 about  Processing of income-tax returns under section 143(1) of the Income-tax Act which were filed in Forms ITR-l to 6 & applicability of section 143(1)(a)(vi). Full circular is as under.

Sub-clause (vi) of clause (a) of sub-section (1) of section 143 of the Income-tax Act, 1961 ('Act') as introduced vide Finance Act, 2016, w.e.f. 01.04.2017, while processing the return of income, prescribes that the tota l income or loss shall be computed after making adjustment for addition of income appearing in Form 26AS or Form 16A or Form 16 (the three Forms) which has not been included in computing the tota l income in the return . In this regard, CBOT has issued Instruction No.(s) 9/2017 dated 11.lD. 2017 & 10/2017 dated 15.11.2017 for identification of instances in which section 143(1)(a)(vi) of the Act may be invoked by CPC-ITR, Bengaluru on the basis of information contained in the ITR Form s 1 to 6.

2. As intimations proposing adjustments in identified returns under section 143(1)(a)(vi) of the Act would be shortly issued by the CPC-ITR, Bengaluru, the process to be followed by the taxpayers for filing the response is as under:

2.1 Since section 143(1)(a)(vi) of the Act is being applied for the first time while processing the returns, it has been decided that before issuing an intimation of the proposed adjustment, initially an awareness campaign would be carried out to draw the attention of the taxpayer to such differences. This would be in form of an e-mail and SMS communication to the concerned taxpayer informing him about the variation in the tax-return vis-a-vis the information avai lable in the three Forms and requesting him to submit response to the variation within one month of receiving the communication electronically. In case the taxpayer does not respond within the available time-frame or the response is not satisfactory, a formal intimation ujs 143(1)(a)(vi) proposing adjustment to the returned income would be issued to him. As per the second proviso to sectio n 143(1)(a)(vi) of the Act, in a case where no response is received from the taxpayer within thirty days of issue of such an intimation, the proposed adjustment shall be made to the returned income. Therefore, it is of utmost necessity that the concerned taxpayer files a prompt, timely and satisfactory response to the awareness campaign or subsequent intimation proposing adjustment u/s 143(1)(a)(vi) of the Act.

2.2 The manner for furnishing re sponse by the taxpayer is as under:
For furnishing the response electronically, taxpayer is required to login in his account in the e-filing site and choose the option (View-Returns/Forms). In a case where communication/intimation has been missued to the taxpayer u/s 143(1)(a)(vi) of the Act, the status will be displayed in the dashboard as 

'Response to Communication/intimation u/s 143(1)(0) is pending'. The taxpayer can click on the same and submit his response. 

2.3 The scenario(s) for furnishing response are as under: 
I. Where upon receiving the awareness message or formal intimation u/s 143(1)(a)(vi) of the Act, if the taxpayer fully agrees with the proposed adjustment, he is required to file a revised return in response . 

II. Where upon receiving the awareness message or formal intimation u/s 143(1)(a)(vi) of the Act, if the taxpayer partially agrees with the proposed adjustment, he is required to (i) file a revised return for the part of the proposed adjustment with which he is in agreement & (ii) file a reconciliation statement (in the format to be provided by CPC-ITR on the e-filing site) for the part of the proposed adjustment with which he is not in agreement. 

III. Where upon receiving the awareness message or formal intimation u/s 143(1)(a)(vi) of the Act, the taxpayer disagrees with the proposed adjustment, he is required to file a reconciliation statement (in the format to be provided by CPC-ITR on the e-filing site) in support of his contention. 

3. Based upon response of the taxpayer as indicated in para 2.3 above and the information so available with the CPC-ITR, thereafter, such returns shall be taken up for processing by CPC-ITR as per provisions of section(s) 143(1), 143(1)(a)(vi) read with Instruction No.s 9 & 10/2017 of CBDT. 

4. Hindi version to follow. 
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