Indian Tax Solution
New Delhi: The government has notified April 1 as the implementation date for the electronic way or e-way bill that will be required for transporting goods valued over Rs 50,000 between states. Besides, the Central Board of Excise and Customs has also notified the requirement of filing summary return GSTR-3B till June. The GSTR-3B for a month is required to be filed by the 20th day of the succeeding month. The GST Council had in its meeting on March 10 decided on the e-way bill rollout and extension of 3B filing facility. PTI
Huge relief for manufacturers -No GST payments on advances received for supplying goods
On Wednesday, the Central Government spared businesses from paying GST on advance amounts they have received for goods which are to be supplied later in the future. The step was aimed to help clear the confusion over tax liabiliti ...