Goods and Services Tax - Intra-state E-way bill has been rolled out in many states and the same has been made applicable within the State of Punjab from 01.06.2018. Section 68 of the GST Act, 2017 read with Rule 138 of GST Rules, 2017 provides for furnishing of the information prior to commencement of movement of goods and generation of […]...
Read MoreGoods and Services Tax - Concept of Composition levy is prevailing under the current Central Excise as well as under the State VAT Laws. The same has been continued under the new GST regime but with various changes which are discussed in this article....
Read MoreGoods and Services Tax - Carry forwarding of existing ITC of the stock held on the appointed day is the first basic step that a business house needs to look into for a smooth transition into the GST regime. As the clock is ticking understanding the Transition Provisions and their implementation thereon is of the prime importance....
Read MoreGoods and Services Tax - Understanding the transition provisions are of prime importance as the same would help in the smooth transition to the New GST Regime. Certain situations such as return of goods sold, receiving of the goods after appointed day, change in price of goods/ services can arise during the transition phase. Some of them are discussed in this Art...
Read MoreGoods and Services Tax - The First step towards the transaction of GST will be the carry forwarding of the Inputs held in stock on the appointed day and its quantification thereof. Sections 139 to 142 of the GST Act, 2017 deals with transition provisions....
Read MoreM/s Katyal and Co. Vs The State of Punjab (Punjab VAT Tribunal) - In the present case the goods were detained by the officers of Mobile Wing Fazilka and penalty was imposed for non generation of e-ICC. The appellant in the appeal contended that the server of the department was non functioning properly and in the given circumstances the appellant was left with no a...
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M/s Katyal and Co. Vs The State of Punjab (Punjab VAT Tribunal) -