Corporate Updates – 04-09-2017


Central Government has issued Notification, on the recommendations of the Council, hereby waives the late fee payable under section 47 of the said Act, for all registered persons who failed to furnish the return in FORM GSTR-3B for the month of July, 2017 by the due date.


The finance ministry has notified the rules for e-way bill which requires online pre-registration of goods before transportation under the new GST regime. The date of implementation of the e-way bill mechanism would be notified separately. Under the e-way mechanism, all goods worth over Rs 50,000 will have to be pre-registered online before they are moved for sale beyond 10 km. GST-exempted goods have been kept out of the purview of e-way bill. As per the e-way bill notification, the supplier or the transporter would not be required to furnish the e-way bill in case the goods are transported for a distance of less than 10 km within the state or Union territory from the place of business of the consignor to the place of business of the transporter for further transportation. The permits issued would be valid for one day for movement of goods for 100 km and in same proportion for following days. The e-way provisions would not be applicable where the goods are being transported from the port, airport, air cargo complex and land customs station to an inland container depot or a container freight station for clearance by Customs. Also exempted are where specified goods like animals, vegetable, fruits, currency, used household items are being transported or where the goods are being transported by a non-motorised conveyance.

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