GST Weekly Updates on Reverse Charge and E Way Bill

image GST Weekly Updates

GST Weekly Updates as on 30th June 2018

GST India News has come up with weekly updates as of 30th June 2018. These are the quick headline updates for your reference.   We have simply summarized all notifications and circulars issued by the government at various times. Here are the latest updates on GST till 30.06.2018

Reverse Charge System suspended till 30.09.2018

The government has issued one notification regarding further exemption of GST paid on reverse charge. Earlier it was extended till 30.06.2018. As per the notification 12/2018-Central Tax (Rate), dt. 29-06-2018, receipt of supplies from unregistered persons is exempted till 30.09.2018. This is applicable for supplies received from  Intra-state and inter-state also.

Therefore goods and services or both received from the unregistered person are not liable for payment of tax by the receiver till 30.09.2018.  This clarifies that if you are a registered person and received goods or services from an unregistered person then you are not liable for payment of GST till 30.09.2018.

TDS and TCS Deduction suspended till 30.09.2018

TDS And TCS collection are further extended till 30th September 2018.  Earlier it was suspended till 30.06.2018.

E Way Bill Changes in Maharashtra

The Government of Maharashtra issued a notification 15E/2018 –State Tax for making changes in E Way bill provisions.  As per the said notification, no E WAY BILL is required for intra-state movement of goods where the value of goods is less than or equal to 1 Lakh rupees.  This relaxation is applicable only to the state of Maharashtra.   Please note this is applicable for the movement of goods within the state of Maharashtra.  This is not applicable if you are moving your goods from the state of Maharashtra to other states.  If you are moving to other states then you need to generate e way bill for a value exceeding Rs. 50000/-

Secondly, No E Way Bill is required for the movement of Hank, Yarn, fabric, and garments of any value within the state.   The only condition is that movement should be within 50 km and the purpose should be for job work only as per section 68  Maharashtra Goods and Services Tax Act, 2017.

GST portal updates

More than 10 Crores E Way Bills Generated till 23.06.2018. The taxpayer base is continuously increasing on the GSTN portal.  That means every day GST Taxpayers are increasing.

Link updates at GST India news

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