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Archive: 06 January 2018

Posts in 06 January 2018

Basic Understanding of E-Way Bills

January 6, 2018 11145 Views 1 comment Print

Electronic Way Bill (E-Way Bill) is basically a compliance mechanism wherein by way of a digital interface the person causing the movement of goods uploads the relevant information prior to the commencement of movement of goods and generates e-way bill on the GST portal.

Compliances for NBFC Peer to Peer (P2P) Lending Platform

January 6, 2018 2616 Views 0 comment Print

As per RBI Master direction the following compliances needs to complied by an NBFC P2P lending Platform: As per RBI Master direction the following compliances needs to complied by an NBFC P2P lending Platform

GST intelligence in 2018

January 6, 2018 3033 Views 0 comment Print

I must share certain pathetic situations of corporates which i came across while rendering ex-parte counsel opinions in last 5-6 months on certain already implemented process of GST in different organisations including anti-profiteering on regular basis.

Input Service Distributor (ISD) under GST

January 6, 2018 29754 Views 5 comments Print

Input Service Distributor (ISD) means an office of the supplier of goods or services or both which receives tax invoices towards receipt of input services and issues a prescribed document for the purposes of distributing the credit of central tax (CGST)

Advisory for taxpayers filing Core or Non-Core GST Amendments

January 6, 2018 2373 Views 0 comment Print

Taxpayers are advised to file for Core Amendment or Non-Core Amendment one at a time. Once the first amendment is reflected in your Registration Certificate on the GST Portal, only then you are advised to file the second amendment.

Advisory for taxpayers who are not able to file for ITC 04

January 6, 2018 2862 Views 0 comment Print

Taxpayers who are not able to file for ITC 04 in spite of downloading new version of Offline tool, are advised to: 1. Uninstall the old version of offline tool 2. Reboot the system and then download 3. Install new version of offline tool (Version 1.1)

New Registration, Return, Refund functionalities on GST portal

January 6, 2018 2160 Views 0 comment Print

Recently, following new functionalities were made available on GST portal for you as on 04.01.2018: A) Registration: Form for application of cancellation of registration by (new) taxpayer, is now available on GST portal (see rule 20 of the CGST rules, 2017). B) Returns: a) Taxpayers has been provided facility to give details of supplies made […]

7 initiatives to promote online purchase of Railway tickets

January 6, 2018 1332 Views 0 comment Print

Train tickets can be booked at the ticket counters through cash or through credit/debit cards, Unified Payments Interface (UPI)/ Bharat Interface for Money (BHIM) modes of payment. Tickets can also be booked through cash from various Railway agents like Yatri Ticket Suvidha Kendra (YTSK), Jan Sadharan Ticket Booking Sevak (JTBS), Rail Travel Service Agents (RTSA) […]

Recapitalisation of Public Sector Banks

January 6, 2018 3462 Views 0 comment Print

Government announced Indradhanush plan for revamping Public Sector Banks (PSBs) in August 2015. The plan envisaged, inter alia, infusion of capital in PSBs by the Government to the tune of Rs. 70,000 crore over a period of four financial years. Government has recently announced decision to further recapitalise PSBs to the tune of Rs. 2,11,000 […]

GST on Transport & Logistics services- Answer to 19 FAQs

January 6, 2018 116028 Views 20 comments Print

I am a single truck owner-operator and I ply my truck mostly between States, carrying the goods booked for my truck by an agent; aggregate value of service which I provided exceeded twenty lakh rupees during last year. Am I supposed to take registration?

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