In order to ease & speed up the physical movement of goods, GST council has come up with concept “E-way Bill” to track the status movement of goods from one place to another. It has been notified that w.e.f. 1st April 2018 E-way bill is mandatory for inter-state movement of goods in case consignment value is more than 50,000. Continue reading
CBIC issues clarification vide Press release dated 23rd April 2018 on issues regarding “Bill to Ship To” transactions for E-way bill. It clarified that one e-way bill is required to be generated either by supplier or person who ordered the goods as per the prescribed procedure. Continue reading
The Official portal of GST has added 3 new functionalities:-
- The Form GST-ARA 01 for Advance Ruling – Facility to apply for Advance Ruling has been enabled on GST Portal. This form will enable an applicant to make an application, for obtaining advance ruling on the GST Portal and make required payment of fees.
- Details of Tax Officials available in search module on GST Portal- Taxpayer has been provided with a search facility to search details of tax officials.
Apart from drop in housing sales, the article briefly mentions the impact of RERA on Real Estate sector. Top five salient features of RERA are provided below for readers’ reference: Continue reading