THE CENTRAL GOODS AND SERVICES TAX (AMENDMENT) BILL, 2018

August 8, 2018 As INTRODUCED IN LOK SABHA Bill No. 143 of 2018 THE CENTRAL GOODS AND SERVICES TAX (AMENDMENT) BILL, 2018 A BILL further to amend the Central Goods and Services Tax Act, 2017. BE it enacted by Parliament in the Sixty-ninth Year of the Republic of India as follows:- Short title and commencement … Read more

THE INTEGRATED GOODS AND SERVICES TAX (AMENDMENT) BILL, 2018

August 8. 2018 AS INTRODUCED IN LOK SABHA Bill No. 144 of 2018 THE INTEGRATED GOODS AND SERVICES TAX (AMENDMENT) BILL, 2018 A BILL further to amend the Integrated Goods and Services Tax Act, 2017. BE it enacted by Parliament in the Sixty-ninth Year of the Republic of India as follows:–– Short title and commencement … Read more

eWay Bill Distance, Validity and Extension – Very Simple Guide

When it comes to e-Way bills, one of the most important areas is determining its mechanism of computing distance and validity. In this article, we shall be first focusing on the calculation of distance under e-Way bill and then proceed with determining an e-Way bills validity and extension. Computation of distance under e-Way bill We … Read more

E-Way Bill Explained in Case of CKD or SKD

In today’s world, the mode of transportation and manufacturing process have become advanced. A manufacturer of a large product, say crane, is also bound by the laws of GST if the supplier is making an inter-state transaction. However, for the purpose of transportation there will be more than one vehicle that will be required. Hence, … Read more

Must Read eWay Bill Requirements if You Are a Manufacturer

As far as manufacturers are concerned, introduction of e-Way bill has eased the work. Most of the manufacturers in India use job work to complete their manufacturing process. Here we shall be discussing how e-Way bill compliance needs to be taken care of by manufacturers. But before this, let’s first understand job work clearly. What … Read more

Latest FAQ on GST eWay Bill – All Confusion Cleared

FAQs- General Portal of eWay Bill What is the common portal for generation of e-way bill? The common portal for generation of e-way bill is https://ewaybillgst.gov.in I am not getting OTP on my mobile, what should I do? Please check if you have activated ‘Do Not Disturb (DND)’ facility on your mobile or your service … Read more

31 GST FAQ for Traders – Every Trader Must Read it!

Q 1. How will GST benefit the Trading Community? Ans. Under GST, a trader would be entitled to avail input tax credit paid on their domestic procurements of goods and services unlike the present indirect tax regime. Presently, a significant portion of indirect taxes namely Central Excise and Service Tax form part of the cost … Read more

Invoice Reference Number (IRN) in e-Way bill system

Since the launch of GST, it has become mandatory for people to apply the standard taxes on various transactions. With a view to digitalize the taxation system of India, one the recent addition to the list of services is Invoice Reference Number (IRN). But before we start discussing about IRN, let us take a look … Read more

Very Simple Guide on ‘Bill to’ and ‘Ship to’ in e-Way Bill

Since the implementation of e-Way bill, all modes of inter-state transport of goods have faced uniformity. One of the most complicated case is – Bill to and Ship to. A regular business activity involves two parties, buyer and seller. However, in case of ‘Bill To’ and ‘Ship To’ case, there are more than two parties … Read more

GST Concept & Status as on 1st August 2018 – Latest & Updates

GOODS AND SERVICE TAX (GST) CONCEPT & STATUS CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS (CBIC) DEPARTMENT OF REVENUE MINISTRY OF FINANCE GOVERNMENT OF INDIA AS ON 1st AUGUST, 2018 The uniform system of taxation, which, with a few exceptions of no great consequence, takes place in all the different parts of the United Kingdom … Read more

Recent Updates with All Notifications & Highlights on 28th GST Council Meeting

GST Update This Presentation covers the GST changes/ observations/ press releases/ Tweet FAQs/ Sectoral FAQs released by CBEC since the last update on 21.07.2018. It supplements the  earlier GST Updates. This presentation is  based  on  CGST  Act/Rules/ Notifications.  Similar parallel  provisions in State Laws may be referred to as required Notifications & Circulars 9 Central … Read more

Most Common Questions on GST – Part 2

Most Common Questions on GST – Part 2 Check FAQ on GST Part 1 Here Levy What is the taxable treatment of the services provided by a Service Provider in respect of such services which are covered under circular 25/2012- Mega Exemption Notification for Government, railways and other Departments? Such Services are exempt from Service … Read more

Most Common Questions on GST – Part 1

The emails were received by the GST Policy Wing from various sources and were scrutinized and developed into short FAQs. It should be noted that the emails received or the replies quoted are only for educational and guidance purposes and do not hold any legal validity. Most Common Questions on GST – Part 1 Check … Read more

50 Most Asked Questions on eWay Bill – Clear Your Confusion!

Frequently Asked Questions on E Way Bill Q 1). What is an E Way Bill? Ans. E-way bill (FORM GST EWB-01) is an electronic document (available to supplier / recipient / transporter) generated on the common portal evidencing movement of goods of consignment value more than Rs. 50000/-. It has two Components-Part A comprising of … Read more

Recent GST Notifications in Regards to 28th GST Council Meeting

RECENT GST NOTIFICATIONS-min

Here is the complete list of GST Notifications in regards to 28th GST Council Meeting held on 21st July 2018. You can download the notification in PDF format and view online from the following links. You can also download all GST Council Meeting Decisions in PDF format here. CGST Rate Notifications Give Effect to Recommendations … Read more