Reading Time: 2 minutesClarification with respect to the E waybill System Clarification with respect to the E waybill System, The E waybill system for inter-State movement of goods across the country is being introduced from 01st April 2018. Few clarifications regarding the new E waybill system are as follows: l. Situation: Consider a situation where a consignor is
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Reading Time: 2 minutesPoints to be noted by Transporters of Goods regarding E waybill Points to be noted by Transporters of goods regarding E waybill, The Most awaiting System of Goods and Services Tax, ” The E Waybill system” is likely to roll out from 1st April 2018 on Pan India Basis. here are some Points to be noted
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Reading Time: 8 minutesProvisions for Charitable and Religious trust under GST GST on Charitable and Religious Trusts, The provisions relating to taxation of activities of charitable institutions and religious trusts have been borrowed and carried over from the erstwhile service tax provisions. All services provided by such entities are not exempt. In fact, there are many services that are provided
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Reading Time: 14 minutesClarification on issues related to Job Work Clarification on issues related to Job Work, Central Board of Excise & Customs has released the circular No.38/12/2018 to clarify all issues related to job work. The clarification was made on scope of job work, the requirement of registration, supply of goods, movement of goods, issues and legal provisions.
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Reading Time: 2 minutesRecent Amendment in Eway bill Rules The EWay Bill is meant to be generated only where the value Of the consignment exceeds Rs. 50,000. For the smaller value consignments, no e-way bill is mandated. The provisions of sub-rule (7) of Rule 138 will be notified from a later date. Therefore.at present, there is no requirement to generate
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Reading Time: 2 minutesHow to change status from/to SEZ in GST registration How to change status from/to SEZ in GST registration, as of now, many taxpayers who get registered as an SEZ mistakenly and now they want to shift to normal taxpayers.Likewise, the many taxpayers who have registered as a normal taxpayer but they want to shift to
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Reading Time: 7 minutesGoods Transport Agency in GST | GTA in GST Background of levying the tax on the services of GTA, Goods Transport Agency The levy of Service Tax on Road Transportation Service has always been a contentious issue. The Finance Act, 1997 had levied Service Tax on Goods Transport Operators w.e.f. 16-11-1997 which was subsequently withdrawn after
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Reading Time: 4 minutesClarifications on exports related refund issues Circular No. 37/11/2018-GST issued by CBEC to give clarifications on exports related refund issues. It is to ensure uniformity in the implementation of the provisions of the law across field formations of CBEC Board vide Circular No. 17/17/2017 – GST dated 15th November 2017 and Circular No. 24/24/2017 –
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Reading Time: 8 minutesImports in GST Regime Introduction Imports in GST Regime, Under the GST regime, Article 269A constitutionally mandates that supply of goods, or of services, or both in the course of import into the territory of India shall be deemed to be the supply of goods, or of services, or both in the course of inter-State
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Reading Time: 4 minutesProcessing of refund applications for UIN entities Processing of refund applications for UIN entities, The GST Council, in its 23rd meeting held at Guwahati on 10th November 2017, has decided that the entities having Unique Identity Number (UIN) may be given centralized registration at the option of such entities. Further, it was also decided that
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