E-Way Bill system goes live on April 1

This article covers a few basics of the E-Way Bill (EWB) mechanism, which has been effective since April 1, 2018 for inter-state movement of goods. EWB is an electronically-generated document supporting the movement of goods from one place to another and must be carried by the transporter evidencing the cause of movement of goods. This …

Outcome of the 25th GST Council Meeting held on 18th January, 2018

The GST Council met for the 25th time on January 18, 2018 at New Delhi, which is said to be the last meeting to be held before the Union Budget on February 1. The decisions of the GST Council were communicated by a press note and these will be given effect to through Gazette notifications …

GST Announcements made on December 29, 2017

The CBEC has made the following announcements on December 29, 2017: Extension of due dates: With respect to such class of registered persons having aggregate turnover of more than 1.5 crore rupees in the preceding financial year or the current financial year,   Sl No. Months for which the details in FORM GSTR-1 are furnished …

Inter-state E-Way Bill mandatory from February 1, 2018

The 24th Meeting of the GST Council was held on December 16, 2017 through video conferencing. The meeting was chaired by the Union Minister of Finance, Shri Arun Jaitley. The main agenda of the meeting was to reach a consensus on the e-way bill system in the country, which aims to track inter-state and intra-state …

National Anti-Profiteering Authority

In last week’s updates, we learnt that we could soon expect the Government to set up the National Anti-Profiteering Authority (NAA). As expected, following the creation of the posts of Chairman and the Technical Members of the NAA, the Government has set up the National Anti-Profiteering Authority. Mr. B N Sharma, Additional Secretary in the …