Powerd By SAG INFOTECH
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Tax and India are slowly but surely arriving at reconciliation terms. This is echoed in a recent statement made by a government official.
Recently in Allahabad high court decision, it was stated that the goods can’t be seized in the case of non-filing of E way bill Part-B and that too within the distance of 50kms.
The roll-out of E-way bill on April 1st, 2018 was welcomed with backlash from all quarters especially the business community. But the second homecoming of the E-way Bill is a success story that could go a long way in checking tax evaders. Learning from the earlier mistakes, the Government has this time opted for a phase-wise introduction of intrastate E-way Bill.
Starting from 1st June 2018, it will be mandatory for suppliers and transporters performing an intra-state movement of products in Punjab to carry a valid E-way bill.
In a mass movement strategy, now most of the reputed FMCG and IT firms are likely to file petitions in the court of Mumbai and Delhi to seek more clarity on the anti-profiteering clause of the GST.
Nearly Rs 6,500 crores as refunds have been claimed by the exporters within four months of GST implementation. The government said that now exporters can file claims in the proper manner along with matching shipping bills to get refunds earlier.
Now the travel agents who are into the online ticketing business and providing other services on the E-Commerce portals are considered as E-Commerce operators by the CBEC. The GST Council and the Central Board of Excise and Customs decided that the travel agents will have to deduct 1% tax collected at source (TCS) from the customers and will have to deposit it with the tax department.
GST notification is a source for all the latest updates and notifications regarding Central, Integrated, Union Territory and their respective taxes applicable. The following latest notifications with accordance with proper laws, rules, and rates is a must for every trading and business unit and will keep the tradition in a proper managerial way. Goods and […]
Congress-taken Karnataka’s representative of GST council, Krishna Byre Gowda took a stand and clarified that non-NDA parties are not all the reason for the delayed implementation of GST nor there is any implementation of putting any hurdle in between, he just pointed out that all these issues were not discussed in the party. All these immediate talks were done by the state’s agriculture minister ahead of the GST council next meeting.
