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Existing system of filing GST returns extended by three months, says Arun Jaitley

Existing system of filing GST returns extended by three months, says Arun Jaitley


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Transaction types in e-way bill

Transaction types in e-way bill On the e-way bill portal, once you start to fill up the form to generate a new e-way bill, you will come across a section called “Transaction Details”. The first field within this section is “Transaction Type”. Now, if we recall the e-way bill rules, they state that an e-way bill is liable to be raised for primarily the following reasons – In relation to a supply Supply made for a consideration (payment) in the course of business Supply made for a consideration (payment) which may not be in the course of business Supply without consideration (without payment) For reasons other than supply – which includes job work, removal for testing purpose, send on approval basis etc. Due to inward supply from an unregistered person Based on the above mention e-way bill rules, the options are available in the e-way bill portal. In the “Transaction Type” field, you will need to select either “Outward” or “Inward”. You need to select the option as...