E-Way Bill system is implemented in Goa with effect from 1st June, 2018 in respect of intra-State movement of goods specified in the Notification         E-Way Bill system is implemented in Union Territories (Chandigarh, Dadra and Nagar Haveli and Daman and Diu) with effect from 25th May, 2018         Intra State E-Way Bill in Rajasthan from May 20,2018    
Ofcourse, registration is Free! 

 

Greetings!

IGST on Goods Supplied while being Deposited in a Customs Bonded Warehouse

It is clarified that integrated tax shall be levied and collected at the time of final clearance of the warehoused goods for home consumption i.e., at the time of filing the ex-bond bill of entry and the value addition accruing at each stage of supply shall form part of the value on which the integrated tax would be payable at the time of clearance of the warehoused goods for home consumption. In other words, the supply of goods before their clearance from the warehouse would not be subject to the levy of integrated tax and the same would be levied and collected only when the warehoused goods are cleared for home consumption from the customs bonded warehouse.

This Circular would be applicable for supply of warehoused goods, while being deposited in a customs bonded warehouse, on or after the 1st of April, 2018.

Click to view Circular No.3/1/2018-IGST dated 25/05/2018

Date : 26-05-2018

 

Intra State E-Way Bill - status of implementation

Twenty seven States / Union Territories have implemented the e-Way Bill system for intra-State movement of goods. Maharashtra, Manipur and Union Territories (Andaman & Nicobar Islands, Chandigarh, Dadra & Nagar Haveli, Daman & Diu and Lakshadweep rolled out Intra State E-Way Bill with effect from 25th May,2018.

The system is working smoothly and without any glitches. On an average twelve lakh e-way bills are being generated every day. Trade and industry may approach their respective tax authority for any guidance in this matter.

Click to view press release on intra-state E-way Bill status- 25th May, 2018

Date : 25-05-2018

E-Way Bill Implementation in Union Territories

E-Way Bill system is implemented in Lakshadweep, Andaman and Nicobar Islands with effect from 25th May, 2018 where the movement of goods commences and terminates within the Union Territory.

Click to view GST -E-Way Bill Notification - Andaman and Nicobar Islands

Click to view GST -E-Way Bill Notification - Lakshadweep

Date : 23-05-2018

E-Way Bill Implementation in Goa

E-Way Bill system is implemented in Goa with effect from 1st June, 2018 in respect of intra-State movement of goods specified in the Notification.

Click to view GST -E-Way Bill Notification - Goa

Date : 22-05-2018

E-Way Bill Implementation in Union Territories

E-Way Bill system is implemented in Chandigarh, Dadra and Nagar Haveli and Daman and Diu with effect from 25th May, 2018 where the movement of goods commences and terminates within the Union Territory.

Click to view GST -E-Way Bill Notification - Chandigarh

Click to view GST -E-Way Bill Notification - Dadra and Nagar Haveli

Click to view GST -E-Way Bill Notification - Daman and Diu

Date : 21-05-2018

GSTR 3B – April 2018 due date extended to 22nd May 2018

The due date for filing of Form GSTR 3B for April 2018 is extended to 22nd May 2018 vide . Notification 23/2018 – Central Tax dated 18/05/2018.

Click to view / download Notification extending due date for filing of Form GSTR 3B for April 2018

Click to view / download - Press Release - Extension of date for filing return in FORM GSTR-3B for the month of April, 2018.

Date : 19-05-2018

Kerala – E-Way Bill Exemption

The Kerala State Government has vide Notification No.3/2018 exempted E-Way Bill compliance for the following movement of goods

  Van Sales of any goods irrespective of value subject to carrying documents specified in Rule 56(18)

  Movement of Rubber Latex, Rubber Sheets, Rubber Scrap and spices from the premises of agriculturist to business premises of taxable person subject to carrying delivery

  Movement of any goods within 25KM to an unregistered customer subject to carrying or invoice.

The documents / records specified in Rule 56(18) of Kerala Goods and Service Tax Rules in respect of traveling salesman or representatives are

a) copy of the registration certificate, maintain true and correct account of such transactions with him at such place or vessel,

b) a stock book showing the quantities of goods held by him, quantities disposed of from day-to-day by sale or otherwise and the balance on hand at end of each day.

Click to view / download GST -  Kerala E Way Bill Notification dated 14/05/2018

Date :  16-05-2018

Intra State E-Way Bill Rolled out in Assam and Rajasthan

E-Way Bill system for intra-State movement of goods is implemented in Assam from May 16, 2018 and Rajasthan from May 20, 2018.

Click to view / download GST - E Way Bill roll out for intra State movement of goods in Assam & Rajasthan - Press Release

 

Waiver of Late Fee for GSTR-3B Not Filed in Time Due to Non Filing of GSTR TRAN-1 by 27/12/2017

Late fee for failure to file Form GSTR-3B for October 2017 to April 2018 waived for delay in filing of GST TRAN-1 which had been submitted before 27/12/2017 due to technical issues subject to filing of GST TRAN-1 by 10/05/2018 and GSTR-3B by 31/05/2018.

Click to view / download Notification No.22/2018-CT dated 14/05/2018

Date :  15-05-2018

 

Intra State E-Way Bill in Maharashtra from May 25,2018

Maharashtra had earlier notified implementation of e-Way Bill system for intra-State movement of goods from May 31, 2018.

Maharashtra has vide Notification No. 15D/2018-State Tax dated 07/05/2018 notified that exemption for intra-State movement of goods would apply till 24th May 2018.

Click to view / download Notification on Intra State E Way Bill in Maharashtra from 25th May 2018

Date : 09-05-2018

 

Intra State E-Way Bill in Assam from May 16,2018

Assam has vide Notification No. 07/2018–GST dated 07/05/2018 notified that E Way Bill for intra-State movement of goods would apply from May 16,2018.

Click to view / download Notification on Intra State E Way Bill in Assam from May 16-2018

Date :  08-05-2018

 

GST Council Meeting – 04-05-2018

Here is the gist of the decisions / recommendations of the 27th Meeting of the GST Council held on 04/05/2018.

(1) Government ownership of GSTN Network

Finance Minister Arun Jaitley said at the end of the 27th meeting of the council that the council has agreed to a proposal of buying out the stake of private entities to make GSTN a government-owned entity and after the buy out the central government will own 50 per cent and the remaining would be collectively held by state governments.

 

 

(2) Simplified Form of Return

Finance Secretary Hasmukh Adhia said a single monthly return filing system would come into force in six months and Current system of Filing Form 3B & Form GSTR1 will continue for next six months.

Under the new framework:

  There will be one return per month for taxpayers and Composition dealer and NIL transaction dealers will continue to file on a quarterly basis.

  The new return format the tax payer has to report as follows:

a) In the case of B2C, the details of total turnover and

b) In case of B2B, the taxpayer would have to put invoice-wise details of the seller along with HSN code

  In the initial stages of first six months of the new return filing, there will be a separate column for the dealer to claim provisional credit based on his own calculation irrespective of whether the seller from who he has bought the goods has uploaded the invoice.

  During this six months the GSTN will continuously feed the taxpayer with information about the gap between what he is claiming as credit and what he is supposed to get basis the invoice uploaded by the seller, for the taxpayer to bring down the gap.

 

(3) Cess on Sugar

  GST Council deferred the decision regarding levy of cess on sugar

  A committee will be announced in next two days and a decision is likely to be taken soon

  The cess will be imposed through an ordinance once the Council approves it

  Sugar cess could be up to Rs 3 per kg

 

(4) Incentive for digital payments

GST Council formed a committee of five members to consider incentives for digital payments.

Click to view / download the following Press Release

GST Council Meeting - 04-05-2018 - Press release on Simplified Return

GST Council Meeting - 04-05-2018 - Press release on Sugar Cess and Digital Payment

GST Council Meeting - 04-05-2018 - Press release on GSTN Ownership Change

 

Date :  04-05-2018

Image Courtesy :  Business today.in

CBEC Circular issued on 02-05-2018

 

S.No

Circular

Date

Subject

1.

44/18/2018-GST

02-05-2018

Issue related to taxability of ‘tenancy rights’ under GST- Regarding.

 

Click to view / download the Circular.

Date :  03-05-2018

Intra State E-Way Bill in Maharashtra postponed to 31st May 2018

Maharashtra had earlier notified implementation of e-Way Bill system for intra-State movement of goods from May 1, 2018.

Maharashtra has vide Notification No. 15C/2018–State Tax dated 28/04/2018 notified that intra-State exemption for intra-State movement of goods would apply till 30th May 2018.

Click to view / download

GST - Maharashtra E Way Bill intra state exempt till 30th May 2018

Date : 28-04-2018

 

Intra State E-Way Bill Rolled out in Puducherry and four more States

E-Way Bill system for intra-State movement of goods is implemented from April 25, 2018 in Madhya Pradesh, Arunachal Pradesh, Sikkim and Meghalaya -- and union territory of Puducherry

In Madhya Pradesh E-Way Bill for Intra State movement is mandatory for only 11 goods.

Click to view / download

GST - E Way Bill intra state rollout from 25-04-2018 - Press Release

GST - Madhya Pradesh - Notn - list of goods requiring intra state E way bill

Date : 26-04-2018

 

E-Way Bill Applies to Within the State Movement of Goods in Six more States

Generation of e-way bill for intra-state movement of goods is implemented with effect from April 20, 2018 in Bihar, Jharkhand, Haryana, Himachal Pradesh, Tripura and Uttarakhand.

E-way Bill system for Intra-State is already operational in the State of Karnataka, Andhra Pradesh, Gujarat, Kerala, Telangana and Uttar Pradesh.

Click to view press release on intra-state E-way Bill from 20th April, 2018.

Date : 18-04-2018

 

CBEC Circular issued on 13-04-2018

 

S.No

Circular

Date

Subject

1.

41/15/2018-GST

13-04-2018

Clarifying the procedure for interception of conveyances for inspection of goods in movement, and detention, release and confiscation of such goods and conveyances.

2.

42/16/2018-GST

13-04-2018

Clarifying the procedure for recovery of arrears under the existing law and reversal of inadmissible input tax credit.

3.

43/17/2018-GST

13-04-2018

Clarifying the issues arising in refund to UIN.

 

Click to view / download the Circular.

 

Date :  14-04-2018

E-Way Bill Applies to Within the State Movement of Goods in Five States

Generation of e-way bill for intra-state movement of goods is implemented with effect from April 15, 2018 in Andhra Pradesh, Gujarat, Kerala, Telangana and Uttar Pradesh.

E-way Bill system for Intra-State is already operational in the State of Karnataka with effect from April 1, 2018.

Click to view press release on intra-state E-way Bill.

Date : 10-04-2018