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Author: CMA Bhogavalli Mallikarjuna Gupta

GST TIP – 452

Time period for the recipient to communicate his acceptance or rejection of the consignment would be the validity period of the concerned e-way bill or 72 hours, whichever is earlier.In case of movement of goods on account of job-work, the registered job worker can also generate e-way bill .

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GST TIP – 451

Railways has been exempted from generation and carrying of e-way bill with the condition that without the production of e-way bill, railways will not deliver the goods to the recipient. But railways are required to carry invoice or delivery challan etc.

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GST TIP – 450

Public conveyance has also been included as a mode of transport and the responsibility of generating e-way bill in case of movement of goods by public transport would be that of the consignor or consignee.

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GST TIP – 449

E-way bill is required to be generated only where the value of the consignment exceeds Rs. 50000/-. For smaller value consignments, no e-way bill is required. Value of exempted goods has been excluded from value of the consignment, for the purpose of e-way bill generation.

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GST TIP – 448

As per Circular No. 05/2018-Customs, the exporters have to fill the Table 6A of the GSTR – 1 with correct details like the Invoice number, Taxable value, IGST paid, Shipping Bill number, Shipping Date and Port Code. If the above values are missing or not matching the refund application will not be processed.

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GST TIP – 447

As per Circular No. 05/2018-Customs, Exporters have to file GSTR 3B with taxable value for export and IGST paid against exports indicated in appropriate fields before filing of the application for the refunds by the taxpayer under GST.

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GST TIP – 446

As per the new features released in the GSTN portal, at the time of utilization of the input tax credits, if there is any shortage of the input tax credit, the challan will be created directly with the amount of the tax payable by the taxpayer.

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GST TIP – 445

As per Circular No 35 dated 5 th March 2018, there is no change in the levy on services supplied by member of an unincorporated joint venture (JV) to the JV or to other members of the JV, or by JV to the members, essentially remains the same as it was under service tax law.

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GST TIP – 444

As per Circular No 34 dated 1 st March 2018, the services provided by DISCOMS such as application fee for releasing connection of electricity, rental charges on meters, testing fee on meters, capacitors or transformers, labor charges, charges collected for issue of duplicate bill are considered as taxable supplies and GST is to be levied […]

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Recommendations made during the 26th meeting of the GST Council held in New Delhi Today

Recommendations made during the 26th meeting of the GST Council held in New Delhi Today Return filing System The present system of filing of GSTR 3B and GSTR 1 is extended for another three months i.e., April to June, 2018 till the new return system is finalized. A new model was discussed extensively and Group […]

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