In a ruling in favor of the construction industry, a two-judge bench of the Supreme Court, held that service tax cannot be levied on the value of goods/material supplied free of cost by a service recipient during construction. Continue reading
Certain major changes have been brought in by the Companies Act through the Companies (Amendment) Act, 2017. These amendments will be effective from the dates notified for the same. Certain Rules have also been amended, effective from 26th Jan 2018. Continue reading
The 25th GST Council Meeting was held at New Delhi on the 18th of January 2018. In addition to relaxation of GST rules and regulations, GST rates have also be reduced for various goods and services
Prerequisite for generating an e-way bill:
a) Registration on the EWB portal.
b) The Invoice/ Bill/ Challan related to the consignment of goods must be in hand.
c) If transport is by road – Transporter ID or the Vehicle number. Continue reading