GST E-Way Bill Draft Rules issued
GST - CBEC has issued further Draft Rules
The following further draft Rules have been made available
1.
Accounts and Records
2.
Advance Ruling
3.
Appeals and Revision
Click to download the GST Draft Rules
Migration to GST Mandatory for Service Tax Return
CBEC has required the Service Tax Assessees to confirm migration of registration to GST to enable filing of service tax returns due to be filed by 25th April,2017.
Click to view communication of CBEC requiring confirmation of migration of registration to GST
Assessees who have
initiated migration of registration to GST are required
to enter details of their user name entered in GST
Portal for migration of registration to GST.
For carry forward of input credits from existing taxation system to GST, it is essential to migrate registration to GST on or before 30/04/2017.
Date : April
20, 2017
GST - CBEC has issued Draft Rules on E-Way bill
Central Board of Excise and Customs (CBEC) has issued draft rule on Electronic way bill which requires registered entities to upload in a prescribed format on the GSTN website the details of movement within a state or outside the State of any goods of a value exceeding Rs. 50,000.
The entire process requires participation by the supplier, the transporter and the recipient, if he is a registered person.
Click to download the GST Draft
Rules on E-Way Bill.
We are of the view that initially the requirement of E-Way Bill may first be applied to sensitive, evasion-prone commodities instead of making it mandatory across all commodities as small entities with poor internet connectivity will find difficult to comply.
Click to view note on compliance required under the GST draft rules on E-Way bill
GST - Draft Rules on Assessment and Audit issued by CBEC
Central Board of Excise and Customs (CBEC) has issued draft rule on Assessment and Audit.
Click to download the GST Draft rules on Assessment and Audit.
However public comments on these are invited by April 21. The GST council will finalise the draft rules in their meeting in May, 2017.
GST - Revised Draft Rules on filling of Returns issued
Central Board of Excise and Customs has made available in its website the revised draft rule on filing of Returns.
Click to download the revised GST draft rules on filing of Returns.
Date : April
15, 2017.