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It seems that Gujaratis Tourism is now back on the track after the major changes in the government policies due to demonetization effect and GST implementation throughout the country.
The agenda for the 27th meeting of the GST Council on 4th May 2018 has been set. The primary agenda that would occupy a major part of the discussions is the simplification of return filing process.
The GSTR-3B is the lifeline of India’s new indirect tax law, the GST. The GST law mandates registered dealers to file monthly returns via the GSTR-3B form for each GSTIN. Further, the tax liabilities must be paid by the last date of filing GSTR-3B.
The first month of the current fiscal year will witness new changes in the reporting of GST collections. The move comes at the back of the Finance Ministry’s attempt to get rid of the delay that cripples actual revenue accrual.
The Directorate General of Goods and Services Tax Intelligence (DGGST) has informed several banks by sending prior notices regarding the payment of taxes. It comprises SBI, HDFC, ICICI Bank, Axis Bank and several other banks.
A total of ten states maintained a staggering 83 percent of GST e way bill generation ration upon its account as according to the reports. Gujarat is one of the top states to generate GST e way bill among all the other states which are taking the benefits of the eway bill.
According to the plans for rolling out significant GST E Way Bill system for the intrastate transportation of goods, it is the time to roll out the 3rd phase of GST for the states like Arunachal Pradesh, Madhya Pradesh, Meghalaya, Sikkim, and Puducherry.
The Authority for Advance Ruling (AAR) has mandated International Passengers to pay GST on Goods purchased from shops within the Airports premises. Earlier the shops popularly known as Duty-Free shops were exempt from any form of tax.
Indian newsprint manufacturers have asked to clarify GST rules regarding newsprint, including the definition of newsprint, the condition of ‘actual user’ and producer and its applicability in the post-GST regime, and whether third parties can sell or buy newsprints.
