Impact of GST on both enterprises and consumers, a commentary from Tax Experts from EZTax India
Moving goods worth more than Rs 50,000 under GST will require prior online registration of the consignment and securing an ‘e-way bill’ that tax officials can inspect anytime during the transit to check tax evasion.
Do not take unusual excuses which the British Governments Tax Collector would receive generally from the Customers who fails to file their return in time such as “My tax return was on my yacht … which caught fire” “A wasp in my car caused me to have an accident and my tax return, which was inside, was destroyed,” was another, . “My wife helps me with my tax return, but she had headache for 10 days” while several blamed children, partners or colleagues for inadvertently destroying their forms.
No VAT on items sold at a discount of 40% or above in India. Update from National Consumer Disputes Redressal Commission