
E-way Rules:
E-way rules will apply from 1st April 2018 for all inter-state
movement of goods.
For Intra-State movement of goods, e-way Bill System will be
introduced w.e.f. a date to be announced in a phased manner but not later than
01st June, 2018
Reverse charge mechanism and TDS and TCS postponed:
The Council has further pushed out applicability of reverse
charge mechanism on purchases made from unregistered dealers. With this
postponement, it is recommended you exercise reasonable caution while
preparing/renewing contracts for the next financial year with unregistered
suppliers and provide for a clause to cover for RCM, when it comes into play.
Export promotion schemes further extended for 6 months:
This
is likely to ease up working capital pressures on exporters in the coming
months. The benefits will continue while e-wallet is being readied for launch.
It is also hoped returns are further simplified so procedure of refund claims
eases up.For GST related queries and compliance contact us at 9900397777
The information you have updated is very good and useful, please update further.
ReplyDeleteif you require any info regarding TAX & GSTR please visit
GST Registration in Bangalore
Tax Return Filing in Bangalore
Great share!
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Regards,
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