E Way Bill – Updated Bulk Generation Tool Released         Reverse Charge Exemption Extended till 30/09/2018         Extension of suspension of provisions relating to tax deduction at source (TDS) and collection of tax at source (TCS) till 30/09/2018.
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Recent Updates

West Bengal Notifies Exemption on consignments with value upto Rs.1 lakh

 

West Bengal Government has vide Notification No.14/2018-CT/GST dated 12/07/2018 exempted E-Way Bill compliance on consignment with value not exceeding Rs. 1 Lakh on intra-State movement but without passing through any other State.

CBIC launches Web-Help Service to address Queries of Taxpayers

 

Web-help service is now available on CBIC website for the taxpayers where they can get faster resolution of their query. This can be accessed on the website http://cbec-gst.gov.in through “SELF SERVICE” option.

Amendments to GST Act proposed

 

GST Council has made available the draft of changes proposed in the GST Act. The amendments would be taken up in the monsoon session of the Parliament.

E Way Bill – Updated Bulk Generation Tool Released

 

GSTN has released an updated version of the Bulk E Way Bill generation tool.

E-way Bill exemption for Intra-State Movement- Maharashtra
 

Maharashtra Government has vide Notification No. 15E/2018 -State Tax.

Extension of suspension of provisions relating to tax deduction at source (TDS) and collection of tax at source (TCS) till 30/09/2018

 

The Govt. has deferred the provisions of tax deduction at source (TDS) and collection of tax at source (TCS) under sections 51 and 52 of the Central GST Act, 2017 respectively till September 30, 2018.

Reverse Charge Exemption Extended till 30/09/2018
 

The exemption from payment of GST under reverse charge under section 9 (4) of the CGST Act / respective State GST Act and under section 5(4) of the IGST Act is extended till 30/09/2018.

 
 

 

Recent Advance Ruling

Gujarat AAR - Interest charged by Del Credere agent on loan exempt since charging of interest is not in relation to an underlying supply of goods.
 

Receipt of interest on loan extended by the Del Credere Agent is covered under Serial No. 27 of the Notification No. 12/2017-Central Tax (Rate) dated 28.06.2017 and hence exempt since the applicant does not supply any goods and the interest charged is not for delayed payment of consideration of any underlying supply.

West Bengal AAR - Sika Block Joining Mortar, being a non-refractory surfacing preparations, is classified under tariff item 3214.90.90

 

Sika Block Joining Mortar’, a ready to use grey cement based water resistant mortar for fixing AAC blocks, fly ash bricks etc and is a bonding compound used for joining masonry units like AAC blocks and fly ash bricks. It is a powder made pasty before use by adding water, and it hardens after application, enabling joining of the masonry units. It is applied with a trowel after cleaning the surface. After discussing the relative merits of classification under the rival entries the product Sika Block Joining Mortar, being a non-refractory surfacing preparations, was held to be classified under tariff item 3214.90.90 based on the general characteristics of such products as per the Explanatory Notes of the Tariff entries.

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