CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
For which scheme New e-way bill system comes into force to bring uniformity?
A
GST
B
Atal Pension Yojana
C
Ration Card
D
National Service Scheme
Explanation: 

Detailed explanation-1: -The e-way bill provisions in respect of inter-state supplies of goods were implemented PAN India w.e.f 1st April, 2018. The different States had introduced e-way bill for intra-State movement of goods at different times. However, all States have introduced the e-way bill latest from 16th June 2018.

Detailed explanation-2: -However, with the new system in place, E-Way Bills will be auto-populated based on the details available in the documents reported* to the Invoice Registration Portal (IRP). The taxpayers will only have to enter the transporter details (Part B).

Detailed explanation-3: -Registered Person – Eway bill must be generated when there is a movement of goods of more than Rs 50, 000 in value to or from a registered person. A Registered person or the transporter may choose to generate and carry eway bill even if the value of goods is less than Rs 50, 000.

Detailed explanation-4: -The correct answer is Post-payment of goods and services. E-way bill is related to Post-payment of goods and services.

There is 1 question to complete.