GST Update - 19 June 2017

Updates as per GST Council meeting on June 18
  • Except E way rule all 6 pending draft rules cleared by Council. Existing way bill system to be in existence as per wishes of respective state.
  • Return filing is relaxed for first two months and to be strictly adhered after two months.
  • Form no.3B to be filed for July and Aug. Within 20 days from the end of month as alternative of GSTR-1. Later on GSTR-1 will have to be filed on achieving system readiness

Links to articles


http://economictimes.indiatimes.com/news/economy/policy/gst-council-june-18-meet-here-are-the-key-decisions-taken-today/articleshow/59204937.cms 

Comments

Post a Comment

Popular posts from this blog

GST is GO LIVE !!

Image
After many weeks of suspense and uncertainty- Indian is now LIVE on GST !! WebXpress has effected transition to GST for all its customers- working day and night. We will continue to support customers through next few weeks and make GST stable.  Our dedicated team of developers and project managers launching GST:
Read more

GST Customer Billing Queries

Dear All As we move to release new bill generation module, our team needs some clarifications: Firstly, we are adding following data to masters: Customer GST Billing state and city- where customer wants bill to be submitted State wise GSTIN for customer Transporter GSTIN details- state wise We have some queries If customer wants separate billing in each state- will this be under same customer code or we need to open one customer code each for each state Will customer specify whether they need IGST or SGST+CGST based bills? Do we select where customer wants billing? Will this vary for each billing cycle for a given customer? If so, does it mean that billing program should stop of there is no matching Transporter GSTIN in state where customer requires billing For e.g. customer insists that he needs SGST+CGST in say Sikkim, but transporter has no GST registration in Sikkim- should be stop billing or allow IGST (customer did not want IGST)? Do provide your feedback.
Read more

How to handle Paid and To Pay customers post GST?

Post GST, walk-in customers WITHOUT GST registration will see a big rise in freight costs.  As on date, industry is charging consignor or consignee based on Paid or To Pay.  Service Tax is charged after rebate of 75% thus an effective rate of only 4% is charged.  Many questions arise post GST- look forward to reply from group: What will be place of supply in case of Paid and To Pay? DO we need registration in every state where we have Booking and Delivery? What if Paid is converted to To Pay by customer after booking and at the time of delivery? What if transporter does not have registration at the place of delivery? How do we know GSTIN of consignee in case of To Pay at the time of booking? If we convert To Pay into billing- what rate of GST will apply? Do post your replies...
Read more