GST Premise: You are a Tax Thief

#GST is built on a single, simple premise: You, yes you, are a tax thief.

You will steal taxes in the blink of an eye. So, you must report all your activities to the Govt before you undertake anything.

Before you purchase or sale any goods, file a form online uploading the invoice details.

Then, file another form uploading the transporter's details. Now, you can generate an e-waybill: Your licence to move those goods once.

There is of course, no difference between intra-state or inter-state: we are One Nation, One Tax. Generate e-waybills for local supplies

Of course, your e-waybill lapses. Within 1 day if you are transporting upto a 100 Kms.

And if you need to change the vehicle, well, a new e-waybill each time.

Buying from a small trader not required to be registered under #GST? The registered recipient will comply all the e-waybill requirements.

Thought you will go under the Composition Scheme for small businesses and escape compliance? Nope, e-waybill required for all inwards and outwards.

There is a small penalty of Rs. 10,000/- for every consignment where you fail to generate e-waybill.