Only one e-Way Bill in ‘Bill To Ship To’ supplies, clarifies Finance Ministry

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

Posted in GST |

New features added on GST Portal

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.

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Posted in GST |

Housing sales down 40 per cent in 2017 from 2013/14 levels

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

Posted in Transaction Advisory |

Recommendations regarding E-way Bill made during the meeting of the GST Council

In the 26th meeting held on March 10, 2018, the GST Council has recommended the introduction of e-way bill for inter-State movement of goods across the country from 01st April 2018. For intra-State movement of goods, e-way bill system will be introduced w.e.f. a date to be announced in a phased manner but not later than 01st June, 2018. Continue reading

Posted in GST |

Highlights of the 26th GST Council Meeting

The GST council in its 26th meeting chaired by Mr. Arun Jaitley on March 10, 2018 deliberated upon following issues:- Continue reading

Posted in GST |