To enhance the security of e-Way Bill/e-Invoice System, NIC is introducing 2-Factor Authentication for logging in to e-Way Bill/e-Invoice system. In addition to username and password, OTP will also be authenticated for login.
There are 3 different ways of receiving the OTP. You may enter any of the OTP and login to system. The various modes of generating OTP are explained below:
1.SMS: OTP will be sent to your registered mobile number as SMS.
2.On ‘Sandes’ app: Sandes is a messaging app provided by government so that you can send and receive messages. You may download and install the Sandes app on your registered mobile number and receive the OTP in it.
3. Using ‘NIC-GST-Shield’ app: ‘NIC-GST-Shield’ is a mobile app provided by e-Way Bill /e-Invoice System, so that OTP can be generated by using the app. This app can be downloaded only from the e-Waybill / e-Invoice portal from the link ‘Main Menu 2-Factor Authentication.
Install NIC-GST-Shield’. Download, install and register this app on your registered mobile number. You should ensure the time displayed in the app should be in sync with e- Waybill /e-Invoice system. On opening the app, OTP is displayed.
You may enter this OTP and continue the authentication. The OTP gets refreshed after every 30 seconds. You will not require internet or any dependency on mobile network for generating the OTP on this app.
Registration for 2-Factor Authentication:
On logging to e-Waybill System go to Main Menu→ 2 Factor Authentication and confirm the registration.
Once confirmed, the system will ask OTP along- with username and password. The OTP authentication is based on individual user accounts. The sub users of GSTIN will have separate authentication depending on their registered mobile number in the e-Way Bill/ e- Invoice System.
Once you have registered for 2 Factor authentication, then the same is applicable for both e-Way bill and e-Invoice system.
Rajasthan HC holds sale of ‘pizza’ and ‘sandwiches’ to be ‘cooked foods’, eligible to exemption from payment of VAT in excess of 5% vide notification dated March 09, 2010;
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Perusing Notification and Entry providing for rate of tax @ 14% on goods notified therein, as well as ubsequent amendments to Rate Schedule, HC at the outset clarifies that the sale of ‘pizza’ and ‘sandwich’ would qualify as sale of ‘cooked food’;
User Development Fee collected by International airport a ‘statutory-levy’, not liable to service tax
SC - Central GST Delhi vs. Delhi International Airport Ltd.
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SC holds that no service tax is applicable on ‘User Development Fee’ (UDF) collected from domestic and international passengers departing from Delhi, Hyderabad and Mumbai international airports; At first blush, clarifies that
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(i)User Development Fee is a statutory levy
(ii)Collection is not premised on rendering of any service
(iii)Amounts collected are deposited in escrow account (which does not make it any less a statutory levy or compulsory exaction), not within the control of the assesses
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The Finance Bill 2023 was passed in the Lok Sabha without a discussion on Friday.
Finance Bill 2023 passed in Lok Sabha — check key amendments and highlights ⬇⬇
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1⃣ Mutual Funds (MFs) having less than 35 percent AUM in domestic equity are to be taxed as short-term capital gains.
2⃣ Enhanced tax benefits to offshore banking units operating in GIFT City. Offshore banking units to get 100 percent deduction on income for 10 years.
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3⃣ Tax on Royalty or technical fee earned by foreign (non-resident) Cos hiked from 10 percent to 20 percent.
4⃣ No Change in tax on non-par savings insurance products (Rs 5 lakh cap remains).
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➡️ Hotel and restaurant industry may soon get relief on GST
➡️ Finance Ministry is considering their demand to change current GST structure
➡️ GST on Hotels/Restaurants may be increased to 12% from 5% with ITC benefit
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Source says:
➡️ Alert: At present Hotels/Restaurants attracts 5% GST without input tax credit
➡️ Finance Ministry has sent the proposal to the fitment committee of the GST council
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