Saturday, 16 December 2017

E-WayBill for inter-state movement mandatory from February 1, intra-state from June 1, decides GST Council

GST Council, during its 24th meeting, decides that nation-wide inter-state E-Way Bill shall be made compulsory from February 1, 2018; System shall be ready by January 16 and trade and transporters can start using the same on voluntary basis therefrom; States, “While the System for both inter-State and intra-State e-way Bill generation will be ready by 16th January, 2018, the States may choose their own timings for implementation of e-way Bill for intra-State movement of goods on any date before 1st June, 2018.”; But in any case, uniform system of E-Way Bill for inter-state as well as intra-state movement will be implemented across the country by June 1 : Finance Ministry Press Release

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Gujarat HC upholds levy of GST on corporate guarantee while reads down mandatory 1% valuation where actual consideration is lower

  This Tax Alert summarizes a recent ruling of the Gujarat High Court (HC)1 on the taxability of corporate guarantee provided by the Petitio...