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Goods and Services Tax - Time Limits for certain actions (other than GSTR-1 and GSTR 3B) extended/not Extended- Article compiles due date if Filing of CMP-08 by Composition Taxable person for January to March 2020, Filing of CMP-08 by Composition Taxable person for April to June 2020, Filing GSTR-4 for the financial year 2019- 20, due date of Opting for [&helli...
Read MoreGoods and Services Tax - In this Article Author compiled list of goods for which E-Way Bill is not required. Author has compiled list with relevant Chapter or Heading or Sub-heading or Tariff item, Notification and Relevant Law alongwith his Remarks. Ready Reckoner for No E-Waybill Required under GST Act 2017 [ for other Ready Reckoners See book of Authors [&...
Read MoreGoods and Services Tax - Government has announced that E-way bill which has been generated on or before the 24th day of March, 2020 and its period of validity expires during the period 20th day of March, 2020 to the 15th day of April, 2020, the validity period of such e-way bill shall be deemed to have been extended till […]...
Read MoreGoods and Services Tax - ELECTRONIC WAY BILL i.e. E-WAY BILL In order to monitor the movements of goods for controlling any tax evasion, e-way bill system has been introduce in GST regime. Under this system wherein any registered person prior to movements of goods via conveyance would inform each transactions details to the tax department. WHAT IS E-WAY BILL? [&h...
Read MoreGoods and Services Tax - 1. E-Way bill rules are prescribed in Rule 138 of CGST Rules 2017. 2. E-Way bill is required if movement causes through motorized vehicle. 3. Before causing any movement of Goods of value exceeding Rs. 50,000 (Including Taxes) generation of E-way bill is mandatory, either by the Supplier, Recipient, or transporter, as the case may [&helli...
Read MoreGoods and Services Tax - More than 4.27 crore E-Way Bills generated in June 2020 against average of 5.3 cr per month of pre-COVID period. Value of E-way bills generated in June is close to pre-lockdown figures. Unlock 2.0 set to witness a further surge. New Delhi, 5thJuly 2020: E-way bill generation data, one of the prominent indicators of economic […]...
Read MoreGoods and Services Tax - Ministry of Finance Increase in Economic Activity-Improvement in Economic Indicators Prompt Policy measures by Government and RBI in a calibrated manner to reinvigorate the economy at the earliest with minimal damage Commitment of Government towards both structural reforms and supportive social welfare measures will help build on ‘Green...
Read MoreGoods and Services Tax - Cancel the EWB: Supplier of goods can cancel the EWB, within 24 hours of its generation, subject to the condition that the EWB has not already been verified by the Proper Officer. Later on, same invoice number can be used for generation of another EWB. ...
Read MoreGoods and Services Tax - Where an e-way bill has been created and its time of legitimacy terminates during the period 20th of March, 2020 to 15th of April, 2020, the legitimacy time of such e-way bill will be esteemed to have been stretched out till the 30th day of April, 2020. The legislature on 3rd April 2020 expanded the legitimacy of e-way bill and [&hel...
Read MoreGoods and Services Tax - Due date for annual return in FORM GSTR-9 and reconciliation statement in FORM GSTR-9C for FY 2017-18 to be extended to 31.01.2020. Input tax credit to the recipient in respect of invoices or debit notes that are not reflected in his FORM GSTR-2A shall be restricted to 10 per cent of the eligible credit available in respect of invoices or...
Read MoreCommercial Steel Company v. Assistant Commissioner of State Tax (Telangana High Court) - Detention of goods on the ground that the vehicle took a different route or reached wrong destination- The High Court observed that allegation of ‘wrong destination’ or that the driver has taken a different route is not a ground to detain the vehicle carrying the goods or levy tax or penalty. It...
Read MoreDaily Fresh Fruits India Private Limited. Vs Asst. State Tax Officer (Kerala High Court) - Daily Fresh Fruits India Pvt. Ltd. Vs Asst. State Tax Officer (Kerala High Court) Detention of goods on the ground of wrong classification of goods- The High Court quashed detention order on the ground that this was a bona-fide case of dispute in the classification of goods and directed release of g...
Read MoreHindon Machinery Tools Vs State of U.P & Ors. (Allahabad High Court) - Incorrectly mentioning the number of tax invoices as tax invoice number on E-way Bill- Prima facie, there seems no discrepancy in E-way Bill attracting seizure of goods. Goods directed to be released without insisting for a deposit of any amount and furnishing security as GST already paid on goods....
Read MoreUmiya Enterprise Vs Assistant State Tax Officer (Kerala High Court) - Court is persuaded to accept the view that the goods and vehicle detained pursuant to Ext.P7 order could be released to the petitioner on the basis of simple bond and it need not be insisted that the petitioner will have to furnish a bank guarantee for the amounts demanded in Ext.P7 order....
Read MoreM.R. Traders Vs Assistant State Tax Officer (Kerala High Court) - M.R. Traders Vs Assistant State Tax Officer (Kerala High Court) Address shown in the invoice is different from the address shown in the E Way bill etc. is only a clerical mistake and is not a serious mistake which should justify the detention and penalty proceedings. FULL TEXT OF THE HIGH COURT ORDE...
Read MoreD.O.No.20/CH(IC)/2020 - (22/06/2020) - On the GST side an analysis of e-way bill data reveals encouraging trend about revival of our economy. The value of supplies of goods, which had reduced to ahout 10% of Pre-lockdown period of March 2020 in Lockdown 1.0, has now reached more than 80% of pre-lockdown level during first Fortnight of Ju...
Read MoreNotification No. 47/2020 –Central Tax/G.S.R. 362(E) - (09/06/2020) - CBIC extends validity of e-way bill generated on or before 24.03.2020 (whose validity has expired on or after 20th day of March 2020) till the 30th day of June vide Notification No. 47/2020 –Central Tax Dated: 9th June, 2020. This can be summarized as follows: E-Way Bill Generated on or before Val...
Read MoreNotification No. 40/2020–Central Tax [G.S.R. 274(E)] - (05/05/2020) - Notification No. 40/2020–Central Tax- CBIC extends validity of e-way bills till 31.05.2020 for all those e-way bills which were generated on or before 24.03.2020 and had expiry between the period from 20.03.2020 to 15.04.2020. Ministry of Finance (Department of Revenue) (Central Board Of Indirec...
Read MoreNotification No. 35/2020-Central Tax [G.S.R. 235(E)] - (03/04/2020) - Notification No. 35/2020- Central Tax, dated 03.04.2020– Notification under section 168A of CGST Act for extending due date of compliance which falls during the period from the 20th day of March, 2020 to the 29th day of June, to 30th day of June, 2020. Seeks to extend due date of compliance wh...
Read MoreOffice Order No. 149/GOS/LTD/2020 - (17/02/2020) - All individuals or registered firms carrying any consignment of goods valued below Rupees fifty thousand without valid e-waybill declaration, shall/is liable to submit a copy of purchase invoice/bill of supply at respective validation centre of the State. The purchase invoice/bill of supply in quest...
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D.O.No.20/CH(IC)/2020 - (22/06/2020) -
Notification No. 47/2020 –Central Tax/G.S.R. 362(E) - (09/06/2020) -
