Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
Recently the GST E Way Bill was made mandatory in the national capital of India i.e. Delhi for the intrastate movement of goods for complete B2B transactions valuing more than 1 lakh starting from 16th June 2018.
The National Anti-Profiteering Committee owns an overarching mandate under GST. The Indian GST, a complex indirect tax structure, categorizes goods and services in five tax slabs viz.
India doing well in the ease of doing business criteria means an increase in foreign investments but India’s domestic industries are still getting at ease with GST.
Authority of Advance Ruling (AAR), Andhra Pradesh gave clear instructions mentioning that the GST will be applicable on the items supplied to merchant’s vessels from the Customs warehouse and the experts will inspect and have a close look on such supplies.
Under GST provisions, the government collects integrated tax for Goods and Services utilization and later share this collection between the centre and states.
A centralised Authority for the advance ruling is under discussion, to maintain a single platform for all the rulings of similar nature done in the different states. The issues raised in different states must be of same nature get it noticed by the central appellate.
Seeking the sudden action on the announcement of levy of Goods and Services from ‘duty-free’ vendors at airports for international passengers from Authority for Advance Ruling (AAR), New Delhi in March 2018.
The Authority for Advance Ruling (AAR) has passed an order mentioning that now the sale of ‘Going Concern’ of a business will be exempted from Goods and Services Tax (GST).
The CBIC or The Central Board of Indirect Taxes and Customs has directed its field offices to charge GST on goods stored in customs warehouses by the third party only during final clearance. The move comes after the amendment in the Customs Tariff Act.
