GST Updates

The basis of the 28th GST Council Meeting, the changes proposed are passed as bills in the Lok Sabha on 9th August 2018.

The Central Goods and Services Tax (Amendment) Bill, 2018

The Goods and Services Tax (Compensation to States) Amendment Bill, 2018

The Integrated Goods and Services Tax (Amendment) Bill, 2018

The Union Territory Goods and Services Tax (Amendment) Bill,

The return formats for GST are also being changed and for this, the Government has put the same in the public domain and asking for the feedback of the same. The reviews can be shared on mygov.in

GST Returns New Formats

Last two weeks many notifications and circulars have been issued and the same can be accessed from here

CGST Notifications

CGST Rates Notifications 

GST Circulars

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GST Tip – 464

As per provisions of Rule 18 of the CGST Rules and corresponding State / Union Territory Rules, the taxpayer has to display his certificate of registration and registration number at a prominent location at the principal place of business and at every additional place of business.

As per provisions of Section 125 of the CGST Act, if the taxpayer does not display, a penalty Upto Rs 25,000 can be levied. If the penalty of Rs 15,000 is levied under central tax as a penalty then under state tax also an equivalent  amount of penalty will be levied.

Roll out of e-Way Bill system for intra-State movement of goods in the Maharashtra, Manipur and Union Territories (without legislature)

As per the decision of the GST Council, e-Way Bill system for inter-State movement of goods has been rolled out from 1 April, 2018. As on 23 May, 2018, e-Way Bill system for intra-State movement of goods has been rolled out in the States of Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Gujarat, Haryana, Himachal Pradesh, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Meghalaya, Nagaland, Rajasthan, Sikkim, Telangana, Tripura, Uttarakhand, Uttar Pradesh and Union Territory of Puducherry. E-Way Bills are getting generated successfully and till 23 May, 2018 more than five crore and thirty lakh e-Way Bills have been successfully generated which includes more than one crore and sixty lakh e-Way Bills for intra-State movement of goods.
It is informed that e-Way Bill system for intra-State movement of goods would be
implemented from 25 May, 2018 in the following States / Union Territories :-
i. Maharashtra
ii. Manipur
iii. Andaman & Nicobar Islands
iv. Chandigarh
v. Dadra & Nagar Haveli
vi. Daman & Diu
vii. Lakshadweep
Twenty seven States / Union Territories would have implemented the e-Way Bill system for intra-State movement of goods with the roll-out of the same on 25 May, 2018. Registration/enrolment on e-Way Bill portal namely https://www.ewaybillgst.gov.in may be taken at earliest in the remaining States as well since the same would soon be rolled out in these States also. The system is working smoothly and without any glitches. On an average twelve lakh e-way bills are being generated every day. Trade and industry may approach their respective tax authority for any guidance in this matter. Further, it is informed that trade should get well versed with respect to the provisions of the e-Way Bill rules in order to avoid any difficulty. The provisions of rule 138D of Central / State GST Rules, 2017 may be referred to for any grievance redressal.

Release ID: 1533406