Changes in E-Way Bill System

Reading Time: 2 minutesChanges in E-Way Bill System, The GSTN has made the below mention changes in the Eway bill system 1. Auto calculation of route distance based on PIN code for generation of EWB: E-waybill system is being enabled to auto calculate route distance for movement of goods, based on the Postal PIN codes of source and
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Reading Time: 2 minutesReal estate sector is one of the largest contributors to the national GDP and provides employment opportunity to large numbers of people. “Housing for All by 2022” envisions that every citizen would have a house and the urban areas would be free of slums. There are reports of slowdown in the sector and low off-take
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GST Revenue Collections

Reading Time: 2 minutesGST Revenue Collections, The total gross GST revenue collected in the month of January 2019 is Rs 1,02,503 crore of which CGST is Rs 17,763crore, SGST is Rs 24,826 crore, IGST is Rs 51,225 crore (including Rs24,065crore collected on imports) and Cess is Rs 8,690 crore (including Rs 902crore collected on imports). In FY 2018-2019, it is for the third time that GST Revenue collection has crossed One Lakh Crore. The total number of
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GSTR-8 | CBIC extends Due Date for filing

Reading Time: 2 minutesGSTR-8, The Central Board of Indirect Taxes & Customs ( CBIC ) vide its order No. 02/2019-Central Tax dated February 01, 2019 has extended the due date for furnishing return in Form GSTR-8 to February 07, 2019 as the E-commerce operator were unable to obtain registration because of technical issues being faced by them on the common portal but they collected the amount for
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FORM GST TRAN-1

Reading Time: 2 minutesFORM GST TRAN-1, The Central Board of Indirect taxes & Customs ( CBIC ) vide its Order No. 01/2019-GST dated January 31, 2019, extends the time limit for submitting the declaration in FORM GST TRAN-1 till March 31, 2019, for the class of registered persons who could not submit the said declaration by the due date on account of technical difficulties on
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Reading Time: 3 minutesPART A I am deeply conscious of the absence ofShriArunJaitley today. I am sure the House joins me in wishing Shri Jaitley speedy recovery, good health and long life in the service of the nation. Madam Speaker, the people of India gave a strong mandate to our Government. Under the visionary leadership of Hon’ble Prime Minister
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GSTAT

Reading Time: 2 minutesGSTAT, Cabinet approves the creation of the National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT) The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the creation of National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT). The National Bench of the Appellate Tribunal shall be situated
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TDS

Reading Time: 2 minutesTDS, Central Board of Direct Taxes  clarifies regarding the issue of Prosecution Notices The Central Board of Direct Taxes (CBDT) has stated that certain news items that appeared in a section of media regarding enmasse issue of prosecution notices to small companies for TDS default are completely misleading and full of factual inaccuracies. CBDT clarified
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GST Council Meet

Reading Time: 2 minutesGST Council Meet, The GST Council has made the following Recommendations in 32nd GST Council Meet. The GST Council in its 32nd Meeting held today under the Chairmanship of the Union Minister of Finance & Corporate Affairs, Shri Arun Jaitley took various decisions including giving the approval to increase in the turnover limit for the existing
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