• E-Sealing for full container load stuffed at approved premises, would be mandatory w.e.f. 1st January, 2018 for all ports/ICDs
  • E-seal would become mandatory w.e.f. 15.12.2017 for exporters, who had been permitted self sealing facilities under the previous excise procedure/ GST
  • Late fees for GSTR-3B reduced to Rs. 10 per day for NIL return and Rs. 25 per day for others.
  • No GST payment on advance received for outward supply of goods
  • Manual filing of Advance Ruling is to be introduced
  • ITC benefits extended to export of goods to Nepal and Bhutan
  • GSTR-3B to be filed till March 31, 2018
  • 178 items moved from 28% to 18% tax rate w.e.f. November 15, 2017
  • Due dates for GSTR-4, GSTR-5, GSTR-6, TRANS-01 and ITC-04 extended till December end, 2017

GST Alert

  • Introduction of RFID seals for cargo to be deposited in warehouse

    The RFID self sealing for export of containerized cargo has now been extended to goods which is to be deposited in a warehouse as well as its removal there from with effect from 1st August, 2018.more

  • Summary of Clarifications issued by Government of India1

    Government has come up with various clarifications to address the issues and confusions being faced by the industry at large. This article deals with clarifications issued in relation to various matters.more

  • IGST Refund in cases wherein records have not been transmitted from GSTN to Customs EDI System

    Refund of IGST on exports though streamlined to a great extent however one major problem still remains, wherein such refund is withheld due to the reason that the data is not being transferred from the GSTN to the Customs EDI system. more

  • Amendments to E-way Bill Rules

    Goods and Services Tax’s (GST) e-Way bill system is a crucial measure against tax evasion and it also promises to enable faster movement of goods through a seamless portal-driven payment system. more

  • Changes in indirect taxes as per the new finance bill 2018

    Social welfare surcharge @ 10% on the aggregate of duties, taxes and cesses, has been introduced on all imported goods with an objective to provide education, health and social security. Such Surcharge on imported goods shall be in addition to any other duties of customs/tax /cess.more

  • Key Amendments in 25th GST Council Meeting

    The 25th meeting of the GST Council recommended many relief measures regarding several goods and services. The Council confirmed the roll out of much awaited E-way bill nationwide and notified certain changes in rules of the former. Other relief measures in terms of filing of returns were allowed to taxpayers. more

  • Manual Refund Application for exporters - New Guidelines

    In order to facilitate easy exports the council has been trying to curb all the anomalies that has been created due to the non-functioning or rather we may call the time taken for the preparedness of the common portal to operate as designed for. Likewise, the refund issue in case of exports has been a major line of concern for all exporters.more

  • Recent amendments in GST

    Along the expected lines, Central Government has extended time lines for filing various returns under GST. A number of notifications and orders have been issued to reflect the announcements made on twitter handle.more

  • Deemed Export

    Deemed Exports in general means supplies wherein goods supplied do not leave India, and payment for such supplies is received either in Indian rupees or in convertible foreign exchange.more