GST _ New Updates 08th & 09th July, 2017

          Goods & Services TAx (GST) 

News / Updates / Circulars :

CBEC Came up with few more New updates on 08^th & 09^th July, 2017.

CBEC Press Release :

1. GST applicable in Whole of India, Including Jammu & Kashmir

On 7th July, 2017 the Jammu & Kashmir Goods and Services Tax Bill (GST) , 2017 was passed by the State legislature, empowering the State to levy State GST on intra-state supplies with effect from 8th July, 2017.

President Pranab Mukherjee promulgated two ordinances, extending the domain of Central GST Act and the Integrated GST Act to Jammu and Kashmir from 8 July, 2017.

The state of J&K has become part of the GST regime, making GST truly a ‘one nation, one tax’ regime,”.

Full press release can be access at : http://www.cbec.gov.in/resources//htdocs-cbec/press-release/jammu-kashmir-joins-gst-08.07.2017.pdf

CGST Ordinance : http://www.cbec.gov.in/resources//htdocs-cbec/gst/ordinance-cgst-jk.pdf

IGST Ordinance : http://www.cbec.gov.in/htdocs-cbec/gst/ordinance-igst-jk.pdf

2.Clarification on migration, new registration, opting for composition scheme and issue of bills of supply

The Rules related to Registration and Composition Scheme have been notified on 19th June, 2017. These Rules have been brought into effect from 22nd June, 2017. The intent of notifying these rules is to start the process of issue of registration certificate, called Goods and Services Tax Identification Number (GSTIN), to taxpayers who have already been issued provisional ID for registration(PID) as well as to the new taxpayers.

Full press release can be access at : http://www.cbec.gov.in/resources//htdocs-cbec/press-release/clarification-on-migration-press-release.pdf

3. Clarification by the Office of the Chief Commissioner of GST (Delhi Zone) that no officer of the Department is authorized to visit the premises of the traders and shopkeepers without authorization; In case of any difficulty, complain at Phone no. 011-23370115

Full clarification access at : http://pib.nic.in/newsite/PrintRelease.aspx?relid=167246

For Information : E-way bill system in GST likely to come from October, 2017.

The e-way bill system in GST, would be implemented after infrastructure for smooth generation of registration and its verification through hand-held devices with tax officials is ready - a top official said.