Reading Time: 2 minutesGST: CBIC Clarifies Issues regarding “Bill To Ship To” for e-Way Bill Bill To Ship To, The CBIC has clarified Issues regarding “Bill To Ship To” for e-Way Bill under GST System, Government says in a Press Release that A number of representations have been received seeking clarifications in relation to requirement of e-Way Bill for “Bill
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Reading Time: < 1 minuteGSTR-4, Government of India has clarified that Composition dealers not to furnish serial 4A of Table 4 in FORM GSTR-4, the government has released a press note regarding the same. Press Information Bureau Government of India Ministry of Finance 17-April-2018 Clarification on the manner of filing the Quarterly Return by Composition Dealers in FORM GSTR-4 Doubts are being
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Reading Time: 2 minutesVerification for Transitional credit in GST Verification for Transitional credit in GST, as expected all the taxpayers who have availed the Transitional credit (input tax credit of pre-GST era ) in GST, should be ready to get checked/ verified by the GST officials.In order to the verification process, the superintendent of GST Gandhi Nagar Division Gujrat has
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Reading Time: 4 minutesCredit Note in GST Credit Note in GST, A supplier of goods or services or both is mandatorily required to issue a tax invoice.However, during the course of trade or commerce, after the invoice has been issued there could be situations like: • The supplier has erroneously declared a value which is more than the
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Reading Time: 7 minutesGST on advances received for future supplies GST on advances received for future supplies, Time of supply determines when the taxpayer is required to discharge tax on particular supply. Time of supply provisions is governed by Section 12 to 14 of the CGST Act, 2017. As per the said provisions, the time of supply is
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Reading Time: 2 minutesGovt Allows the filling of Pending Tran-1 and related GSTR3B Govt Allows the filling of Pending Tran-1 and related GSTR3B, After getting directions from many High courts, CBIC has decided to will allow the filing of Pending TRAN-1 and related GSTR-3B. so CBIC has released a press release regarding the same Govt Allows the filling of
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Reading Time: 2 minutesAction Point for Financial Year 2018-19 for all assesses 1. The company may develop the “New Series” of all documents to be issued like Tax Invoice. Export Invoice, Bill of supply, Receipt Voucher, Payment Voucher, Refund voucher, Debit Note, Credit Note, Delivery challans for new Financial Year 2018-19. 2. The company required to Mention HSN
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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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