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Registered GST Taxpayers can register in the e-Way Bill Portal using GSTIN. Unregistered Persons/ Transporters can enroll in the e-Way Bill System by providing their PAN and Aadhaar. Supplier/ Recipient/ Transporter can generate the e-Way Bill. The Validity of e-Way Bill is fixed as one day for every 200 km or part thereof.
In 2015, the company developed the education loan portal Vidyalakshmi, which listed 34 banks and 86 loan schemes by 2018. [22] The company also diversified into e-sign service [23] and was shortlisted as the GSP (GST Suvidha Provider) by GSTN (GST Network) in 2017. [24] In 2018, IDBI Bank sold its entire 30% stake to IIFL Wealth Management. [25]
The portal has transformed public procurement in India [1] by driving its three pillars, namely, inclusion, usability and transparency and efficiency and cost savings. [7] According to an independent assessment made by the World Bank, average savings for buyers in Government e Marketplace portal is about 9.75% on the median price. [8]
It oversees the administration of indirect taxes, including customs duties, excise duties, and the Goods and Services Tax (GST). CBIC's function also extends to prevention of smuggling, illicit financial activities, and regulation and control of narcotics through its attached/subordinate offices.
In April, 2008, the EC submitted a report, titled "A Model and Road map for Goods and Services Tax (GST) in India" containing broad recommendations about the structure and design of GST. In response to the report, the Department of Revenue made some suggestions to be incorporated in the design and structure of proposed GST bill.
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Businesses whose turnover is below the threshold may register if they wish to. A GST-registered business must charge its customers GST on taxable goods and services it provides, but is entitled to a credit for any GST it has paid for its expenditures on these goods and services as well as capital purchases (called input tax credits).
The GST rate on all mobility and disability aids across India has now been reduced from 18% to 5% after the 16th GST council meeting. However, the petition aims for a zero-rated GST, with a special refund scheme for input tax credit. This means that the entire value chain of the supply should be exempt from tax.