Clarification on Issues Related to Furnishing of Bond/LOU for Exports

Circular No. 40/14/2018-GST No. 349/82/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs (GST Policy Wing) ***   New Delhi, April 6, 2018 To, The Principal  Chief  Commissioners  / Chief  Commissioners  / Principal  Commissioners/ Commissioners of Central Tax (All) / The Principal Director Generals / Director Generals … Read more

Solution for Unfiled Tran-1

One more opportunity has been provided for unfiled TRAN-1 cases. GSTN shall identify the taxpayers who could not file TRAN-1 due to IT glitches, on the basis of electronic audit trail and all such taxpayers, who tried but were not able to complete TRAN-1 procedure (original or revised) of filing them on or before 27.12.2017 … Read more

CBEC Clarifies Issues Related to Job Work – Circular No. 38/12/2018

Central Board of Excise & Customs released the circular No.38/12/2018 to clarify all issues related to job work. You can check the clarification on scope of job work, requirement of registration, supply of goods, movement of goods, issues and legal provisions. Circular No.38/12/2018 F. No. 20/16/03/2017-GST Government of India Ministry of Finance Department of Revenue … Read more

You Must Do These Things Before 31st March 2018

31st March, 2018 is an important date to remember for individuals and taxpayers in India as it is the deadline for completing all financial obligations. It must be noted that the return of income tax payer will not be processed if Aadhaar is not linked to PAN. However the deadline for linking of Aadhaar with … Read more

GST Council 26th Meeting Recommendation – Complete Detail

Return filing System The present system of filing of GSTR 3B and GSTR 1 is extended for another three months i.e., April to June, 2018 till the new return system is finalized. A new model was discussed extensively and Group of Ministers on IT has been tasked to finalize the same. Reverse Charge Mechanism The … Read more

eSANCHIT – Step by Step Procedure for Uploading Documents

The  following  steps  are  the  step  by  step  procedures  involved  in  uploading  of  the supporting documents: Step 1: Prepare Supporting Documents in Digital Format Before uploading the document, the importer, exporter, Customs broker (referred to hereinafter as ‘submitter’) may ensure that the document is rendered into a PDF/A format (ISO 19005-2). The submitter may choose … Read more

e-SANCHIT Mandatory from 15th March 2018 – Android App Updated

Online application for uploading the supporting documents i.e. e-Sanchit, shall be made mandatory from 15th March 2018. All customs brokers and self-filers are requested to use e-Sanchit regularly and at least file one Bill of Entry using e=Sanchit by 8th March 2018 to continue to file through ICEGATE. CBEC launches IT tool ICETRAK and ICETAB … Read more

Revised E-way Bill Rules – CGST 2nd Amendment Rules 2018

Central Board of Custom & Excise has released the notification for CGST (2nd Amendments) Rules 2018 related to E-way bill generation. They amended the rules 138, 138A, 138B, 138C and 138D along with forms GST EWB-01, EWB-02, EWB-03, EWB-04, GST INV-1, GST RFD 01A etc. You can download the revised E-way bill rules notification here. … Read more

GSTR 3B Due Dates: From Aug 2017 to March 2018 Up to Date

You can check here GSTR 3B due dates along with notifications. Here is the table containing all due dates of GSTR 3B. You must file your GSTR3b return to avoid late filing penalty. Month Last Date for filing of return in Form GSTR 3B August 2017 20th September 2017 September 2017 20th October 2017 October … Read more

GSTR 1 Due Dates {2018} Latest Changes {UptoDate}

There are lots of confusing among businessmen and tax professionals related to due dates of GSTR 1 because of major changes happening in GST these days. You can check here latest up to date information about due dates of GSTR 1 form. GSTR – 1 Due Dates (Turnover More Than 1.5 Crore) If your turnover … Read more

GST Rates PDF: Item & Chapter Wise (Upto 25th GST Council Meeting)

Here you can find GST rates items and chapter wise detail along with HSN coe.  in PDF format. We update GST rates page regularly. Here you can also download PDF file and save it on your mobile or desktop to open it instantly. The final GST rates are 5%, 12%, 18% and 28%. The GST rates pdf files … Read more

Complete Guide to Generate e-Way Bill Online

Recently, the Government of India has introduced an electronic form of Way bill known as the e-Way bill. The bill is mandatory for inter-state transport of goods where the value is more than ₹50,000. The bill has already been rolled out by the Government on a trial basis from 16 January 2018. However, with this … Read more

GSTR-6 Deadline Extended to 31 March 2018

CBEC, under the recommendation of GST Council, has notified that the form GSTR-6 can be filed upto 31 March 2018. Form GSTR-6 is in respect of Input Service Distributor (ISD) and tax payers were required to file their GST return for the period July 2017 to February 2018. Check the official notification here:

Revised Late Fee for Form GSTR-1, GSTR-5, GSTR-5A and GSTR-6

CBEC has notified that the late fee for Form GSTR-1, GSTR-5, GSTR-5A and GSTR-6 will now stand at ₹25 per day. Cases where the tax payer has a NIL tax liability, the fine amount shall be ₹10 per day. Earlier, the late fee for the above-mentioned forms was ₹50 per day (₹20 where tax liability … Read more

GST Migration Period Expires, Fresh Registration to Start Soon

The GST council has confirmed via tweet that tax payers whose Provisional ID for GST has not been activated would be required to register through a fresh process. As per the department notification earlier in 2017, the migration period for tax payers was 6 months from the date of implementation of GST. The same came … Read more

Recommendation Made During 25th GST Meeting on 18-01-2018

Here are the following recommendation have been made by the GST council in its 25th meeting held at New Delhi on 18th January 2018. [tnc-pdf-viewer-iframe file=”” width=”100%” height=”800″ download=”true” print=”true” fullscreen=”true” share=”true” zoom=”true” open=”true” pagenav=”true” logo=”true” find=”true” current_view=”true” rotate=”true” handtool=”true” doc_prop=”true” toggle_menu=”true” language=”en-US” page=”” default_zoom=”auto” pagemode=””]

Final Confirmation e-Way Bill Roll Out by Ministry of Finance

The Ministry of Finance has declared that e-Way bill is being launched throughout the nation from 16 January 2018. The roll out is currently on trial basis. However, stakeholders can start using e-Way bills from the aforesaid date in order to get used to the latest system. With effect from 1 February 2018, e-Way bill … Read more