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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GST Input credit on construction of Immovable property.

Section 17(5)(c) and (d) of the Central Goods and Services Tax Act, 2017, blocks input tax credit for works contract services, goods or serv...