News and Updates

Six more states Bihar, Jharkhand, Haryana, Madhya Pradesh, Tripura and Uttarakhand have decided to rollout the same for intra-state movement of goods from April 20. The GST Council had launched the bill for inter-state movement of goods from April 1. Karnataka was the only state to start intra-state e-way bill the same day. E-way bill …

The government has advanced the deadlines for filing of seller forms under the goods and services tax, GSTR-1, for April, May and June, in comparison to those given for previous months. GSTR-1 for the month of April will have to be filed by May 31.

GST Council has proposed a single return form after consulting tax experts and industry leaders with the objective of simplifying the process for filing returns. Anew model of return filing form, not very different in essence and content, has been worked out, which will be placed before the GST Council for approval. However, GSTR-3B will …

The Authority for Advance Rulings (AAR) has held that services performed by Global Reach Education Services, which promoted courses of foreign universities among prospective students in India, cannot be regarded as ‘export of services’.

The finance ministry has clarified doubts on the manner of filing the quarterly return by composition dealers in Form GSTR-4. The ministry said traders who have opted for composition scheme need not file certain details in return form since the reverse charge mechanism in not yet functional. The GST Council, headed by Finance Minister Arun …

The GST TDS and TCS provisions are applicable for e-commerce companies and certain types of taxpayers. The GST TDS and GST TCS provisions were also suspended and will not be applicable up to June 2018. E-way bill rollout has been announced from 1st April 2018 across India. From 1st April 2018, e-way bill would be mandatorily required for all transport …

The 26th GST Council Meeting was held on 10th March 2018 at New Delhi, India. In the meeting, various decisions pertaining to GSTR 3B return filing, e-way bill, reverse charge mechanism, TDS/TCS provisions and grievance redressal mechanism were announced. GSTR 3B return was introduced as a temporary measure until the full-fledged implementation of GSTR 1, GSTR 2 …

E-way bill system for inter-state movement of goods across the country is likely to be implemented from 1 April with a group of ministers constituted to investigate the technological preparedness of the goods and services tax network (GSTN) proposing its rollout from the new financial year. The entire infrastructure has been upgraded and additional capacity …

Ahead of the GST Council meeting on March 10, a ministerial panel under Bihar Deputy Chief Minister Sushil Modi will meet to firm up the simplified ‘single-stage’ return filing process. In the run up to the meeting, key members of the return simplification committee Nandan Nilekani and CBEC Excise Commissioner Manish Kumar Sinha, along with …

The Goods and Services Tax Council is likely to meet early next month to finalise a new and simplified monthly return filing format. GST Network Chairman AB Pandey met with stakeholders including industry chambers and traders on the 15th of February 2018 to get their views on a simplified return filing process. The expert panel …