The introduction of the biggest indirect taxation reform in India namely Goods and ServicesTax (GST) has impacted the functioning of all the sectors of the economy. The impact of the radical shift can also be tracked in the segment of Finance and Accounting as well. Prior to the introduction of GST in India Separate accounting entries for each indirect tax law like service tax, excise, VAT etc was required to be made separately. Now only entries under the goods and services tax are required to be taken onSEE DETAILS

The existing system of e-way bill system had some practical challenges. Addressing these the GST authorities has made 4 changes in their system. Here is the list of changes of forthcoming changes in the e-way bill system.   1.Auto Calculation of the Route distance in kilometers: The first change in the generation of the e-way system if the auto- calculation of the distance in kilometers. This means that when the user will enter the pin codes of the parties, routes distance will automatically calculated using a proprietary logic. The e-waySEE DETAILS