Mar 132018

The GST Council has made the following announcements as per the recommendations made during the 26th GST council meeting held on 10th March 2018:-


i) The e-way bill system will come into force with effect from 1st April 2018 in respect of INTER-STATE TRANSACTIONS (From one State to another State)


ii) In respect of Intra-state (Within state) transactions, the e way bill will be applicable in a phased manner, the dates of which will be announced soon. However, such date cannot be later than 1st June 2018. That means before 31st of May 2018, it will be made applicable to intra-state supplies in all states.


iii) For the purpose of eway bill generation, value of exempted goods need not be taken into account.


iv) Transporting of goods through public conveyance is also covered now. The responsibility to create the E way bill is on the consignor (or) the consignee.


v) Railways has been exempted from generation and carrying of e-way bill. But the condition for the same is that the recipient will not be able to take delivery of the goods from the railways unless he produces a eway bill for the same. But the railways is required to carry Invoice (or) Delivery Challan etc.,


vi) The time limit for acceptance/rejection of the consignment would be the validity period of the concerned e way bill or 72 hours whichever is earlier.


vii) In case of movement of goods for Job-work, the registered job-worker can create an E way bill now.


viii) Now the consignor can authorise the transporter, courier agency and e-commerce operator to fill/generate Part A of the E way bill on his behalf.


ix) Previously movement of goods from consignor to transporter was allowed upto 10 kms without filling Part B of the e way bill. Now the distance has been increased to 50 Kms. Now the goods can be sent to the transporter without filling Part B , upto 50 kms. In any case, Part A of the E way bill has to be filled and e way bill to be generated.


x) Extra validity period has been provided for Over Dimensional Cargo (ODC)


xi) Due to exceptional circumstances, if the goods are not transported within the stipulated time, the transporter can now extend the validity of the e way bill.


xii) Validity of one day will expire at midnight of the day immediately following the date of generation of e way bill


x) Once a conveyance is verified by any tax officer, the same cannot be verified in any other state or Union Territory , except in special cases.


xi) In case of movement of goods in respect of “Bill to – Ship to ” transactions, despatch details shall be captured in Part A of the E way bill.

Mar 022018

As you are aware, the GST is administered both by the State Governments & Central Governments. As per the decision taken in the GST Council, the Taxpayers will be allocated either to State Government (or) Central Government.

The Tamilnadu Government vide its Order No 1/2018 dtd 28/02/2018 has published the complete details of the allocation of GST taxpayers allocated to Centre and State Government (Tamilnadu)

The notification link is provided below. You can download the respective documents and search for your GSTN to know where your case has been allocated.

Click here for list of Taxpayers allocated to State Government (Tamilnadu) – (This document is 30 MB size maynot display correctly in mobiles, suggest to view in Desktop)

Click here for list of taxpayers allocated to Central Government

Source :-

Jan 042018

As per proviso to Section 16 (2) of the CGST Act, where the recipient fails to pay the supplier of goods or services or both, the amount due towards the value of supply along with tax payable there on, within a period of 180 days from the date of issue of invoice by the supplier,

– an amount equal to the Input Tax Credit (ITC) availed by the recipient shall be added to his output tax liability, along with interest there on.

This aspect shall be taken care while filing GST returns for the month of December as the Invoices issued before 4th July 2017 should have been cleared by now.

Hence before filing your GST returns for the month of December 2017, you have to thoroughly go through your bill wise outstanding details of your supplier’s accounts.

If any invoice as above is still outstanding, while calculating the Eligible Input Tax Credit for the month of Dec 2017 , you have to reverse the Input tax credit in respect of the invoices that are outstanding for 180 days or more.

Apart from the above, Interest @ 18% p.a. has to be paid on such input tax credit reversed from the date of availing the ITC till the date of reversal.

Also note that the ITC is reversible even though the payment is made partly.

Jan 042018

Step by Step guide for filing Form GST TRAN 2 form
Prequisite:TRAN 2 can be filed only if TRAN-1 and GSTR 3B of the relevant tax period is filed.

Step1.Navigate to the TRAN 2 page of the desired tax period after logging in , Select the < Financial Year> and < Month>

Step2.Table 4 of TRAN 2 would be enabled if records were declared in Table-7(a) (7B) of TRAN 1 and Table 5 would be enabled if records were declared in Table-7(d) of TRAN 1.

Step3.Enter details of opening stock in Table 4 and Table 5 as declared in TRAN 1. Please ensure that all the HSN/goods are declared in TRAN 2, in the opening balance in the month of July, 2017, irrespective of the fact that these have been sold or not in the first i.e. July, 2017 tax period.

Step4.Declare the details of sold goods from such stock in the first tax period and the Central/State and integrated tax paid on those goods and compute the ITC allowed and state this value in the applicable tables. ITC allowed should be less than or equal to (=) 60% of Central Tax or 30% of Integrated Tax.

Step5.While filing Tran 2 of subsequent tax periods, the tax payer has to only declare the details of goods supplied/sold and the tax paid and ITC allowed. The opening stock gets auto-populated from the earlier tax period closing stock. And the closing sock is auto computed from the opening stock and the supplied quantity in the tax period.

Step6.Save after entering each record in tables of TRAN 2.

Step7.After entering all the records click “Preview” to download the pdf with draft summary values of TRAN 2. Verify the correctness of the entered data. If satisfied click “Submit” to freeze your declaration. Please verify thoroughly before submitting.

Step8.Download the summary of your submitted TRAN 2 for your record by clicking on “Preview” again.

Step9.Click on file with DSC or EVC and select the authorized signatory to file TRAN 2 for the tax period.

Step10.After successful filing the message and email with the ARN number will be sent to the taxpayer.

Step11.The claimed ITC of central and state tax would be reflected in the ITC ledger of the taxpayer after filing of TRAN 2. It has to be noted that the ledger entries get posted after filing of TRAN 2 and not “Submit” (as is/was the case in TRAN 1).

Source :-


Jan 022018

The following are the Statutory obligations for the month of January 2018.

ActComplianceDue Date
GSTGSTR 3B Return filing for the month of December 201720-01-2018
GSTGSTR 1(Jul-Sep) filing for Taxpayers with Less than 1.5 Crores turnover10-01-2018
GSTGSTR 1 (For Jul,Aug ,Sep,Oct & Nov 17) filing for taxpayers with more than 1.5 Crores Turnover10-01-2018
GSTGSTR 4 (For assessee's opted for Compounding Scheme) - Oct-Dec 201718-01-2018
Income-taxDeposit of TDS deducted during the month of December 201707-01-2018
Income-taxFiling of ETDS Return in Form 24Q & 26Q for (Oct-Dec 2017) Quarter 331-01-2018
ESIESI Payment for the month of December 201715-01-2018
PFPF Payment for the month of December 201715-01-2018
Dec 292017

The Central Government vide its Notification No 74/2017 Central Tax) dtd 29th Dec 2017 has notified the effective date from which the e-way bill will come into force. As per the notification, the e way bill will come into force from 1st Feb 2018

The relevant notification is provided below

Download (PDF, Unknown)

Dec 292017

The Central Government vide its Notification No 73/2017 Central Tax) dtd 29th Dec 2017 has waived the late fees partially, in respect of Filing of GSTR 4 belatedly. The complete details are as under :-

                                                                Late fees

For NIL Returns                                 Rs. 10 Per day (CGST)

For Other returns                            Rs. 25 per day (CGST)

The relevant notification is provided below

Download (PDF, Unknown)

Dec 292017

The due dates for filinng GSTR 1 has been extended as under :-

For Quarterly Returns :- (Notification No 71/2017 Central Tax)

Quarter                                                Extended Time limit

Jul-Sep 2017                                       10th Jan 2018

Oct-Dec 2017                                     15th Feb 2018

Jan- Mar 2018                                    30th April 2018


For Monthly Returns :- (Notification No 72/2017 Central Tax)

Months                                                                Extended Time limit

Jul,Aug,Sep,Oct,Nov 2017            10th Jan 2018

Dec 2017                                              10th Feb 2018

Jan 2018                                               10th Mar 2018

Feb 2018                                              10th Apr 2018

Mar 2018                                             10th May 2018

The relevant notifications are provided below :-

Download (PDF, Unknown)

Download (PDF, Unknown)

Dec 152017

As per the provisions of the GST Act, for claiming the deemed credit of tax in respect of Stocks held by the GST tax payers as on 30th June 2017, filing of Tran – 1 is mandatory.

After filing the Tran  – 1, the tax credit in respect of Stocks for which duty paid invoices were available , was given immediately and the tax credit in respect of goods for which duty paid invoices were not available has to be claimed by filing Form Tran – 2.

The Tran -2 filing has to be done on a monthly basis providing the details of the sale of stocks on a monthly basis for the months from Jul 2017 to Dec 2017.

The said filing of Tran – 2 was not enabled in the GST portal till now. From today, the filing of Tran-2 has been enabled.

In view of the above, the deemed credit in respect of stocks without duty paid invoices can be claimed now by filing Tran – 2 in the GST portal.

For filing the Tran – 2 in GST  portal ,

Login to

Go to Service Tab-> Returns -> Transition Forms -> Select the Tran 2 Tab

Source :-

Dec 022017

The GST regime has brought many new concepts for making payment of appropriate GST dues. In the initial stages, it was confusing for most of the taxpayers to identify the correct head for the payment and in many instances, the taxes were remitted to inappropriate heads. For Example, the amount to be filled in SGST would have been filled in either CGST , IGST, Cess, Fees etc., This will be noticed by most of the tax payers only at the time of carrying out the set off of taxes, wherein they will notice that the amount was paid in inappropriate head.

The amount thus paid will lie in the Cash ledger of the taxpayers. The refund mechanism for the same was not operational in the GST portal till date. Now the GST portal has enabled those refund claims. Now you can file a refund application in the portal.

Follow the procedure as mentioned below to claim the refund of the excess amount lying in the Cash Ledger , in wrong accounts.

Step 1                                   :-             Visit the GST portal –

Step 2                                   :-             Go to Services Tab

Step 3                                   :-             Select Refund option

Step 4                                   :-             Select the “Application for Refund” from the sub menu

Step 5                                   :-             Select “Refund of Excess in Electronic Cash Ledger” from the

available options

Step 6                                   :-             Now the portal will display the “Balance available in Cash ledger”

under various heads

Step 7                                   :-             Now in the box below “Refund claimed (in INR)” , fill the relevant

head for which you want the refund

Step 8                                   :-             Select the Account number to which the refund to be credited.

Please note that the bank account number will be automatically

filled based on your Profile.

Step 9                                   :-             Save & Submit the form using either Digital Signature or OTP.

On submission, you will be allotted an ARN for the refund claim and the status of the same can be checked from the link “Track application Status”

[chat style=8 num=919840228480]

B S Sridhar & Co., Contact us @ 91-44-45540180 / 91-90804 33131. 

For Quick Response email :-

LinkedIn Auto Publish Powered By :

Subscribe to our Email alerts for getting regular updates on GST, Income-tax, Corporate Law, Tax Planning, ,Investments, RBI Guidelines, VAT Laws , etc.,

Enter your email address: Delivered by FeedBurner