E - waybill update _ 31.05.2018 for intra-State movement of goods

Roll out of e-Way Bill system for intra-State movement of goods in Chhattisgarh, Goa, Jammu & Kashmir, Mizoram, Odisha, Punjab, Tamil Nadu and West Bengal

As per the decision of the GST Council, e-Way Bill system for inter-State movement of goods has been rolled out from 01^st April, 2018. As on 30^th May, 2018, e-Way Bill system for intra-State movement of goods has been rolled out in the States of Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Gujarat, Haryana, Himachal Pradesh, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Nagaland, Rajasthan, Sikkim, Telangana, Tripura, Uttarakhand and Uttar Pradesh along with the Union Territories of Andaman & Nicobar Islands, Chandigarh, Dadra & Nagar Haveli, Daman & Diu, Lakshadweep and Puducherry. E-Way Bills are getting generated successfully and till 30^th May, 2018 more than six crore and thirty lakh e-Way Bills have been successfully generated which includes more than two crore e-Way Bills for intra-State movement of goods.

It is informed that e-Way Bill system for intra-State movement of goods would be implemented in the following States :-

S. No.	State	Date of Implementation
1	Chhattisgarh, Goa, Jammu & Kashmir, Mizoram, Odisha  & Punjab	01st June, 2018
2	Tamil Nadu	02nd June, 2018
3	West Bengal	03rd June, 2018

It may be mentioned that e-Way Bill system for intra-State movement of goods will be implemented throughout the country latest by 03^rd June, 2018. It has now been two months since the e-Way Bill system was implemented and the same is working smoothly and without any glitches. On an average more than twelve lakh e-Way Bills are being generated every day. Trade and industry may approach their respective tax authority for any guidance in this matter. Further, it is informed that trade should get well versed with respect to the provisions of the e-Way Bill rules in order to avoid any difficulty. The provisions of rule 138D of Central / State GST Rules, 2017 may be referred to for any grievance redressal.

Link : http://pib.nic.in/PressReleseDetail.aspx?PRID=1533995

Attention _ LAST DATE TO DO THE COMPLIANCE _ 31.05.2018

31^st May, 2018

Last date to do the following Compliances

I. MCA Compliances :

1.      Last date for LLP ROC FILING-

-      penalty for non - filing  Rs. 100 per day

2.      Due date for XBRL filing for Ind AS compliant companies without additional fees.

II.GST Compliances :

1.      Return in GSTR-6 for period of July 2017 to April 2018 for the Input service   Distributor  (Notification No. 19/2018 – Central Tax)

2.      Monthly GST return in GSTR-1for April-2018 for registered person with aggregate turnover exceeding Rs.1.50 Cr.

 III. FSSAI (Food License) Annual Return

                 1.    Last date to file FSSAI (Food License) Annual Return

-      PENALTY - INR 100 Per Day.

IV. Income Tax Compliances

1.      TDS Return for the Quarter ended on March 2018

2.   Return of Tax deduction from contributions paid by the trustees of an approved superannuation fund

3.      Statement of Financial Transactions (SFT) to be furnished by person specified  in rule 114E in Form No. 61A in respect of Financial Year 2017-18

4.  Statement of reportable account to be furnished by reporting financial institution referred in rule 114G in Form No. 61B in respect of Financial Year 2017-18

Two more states, five UTs to roll out intra-state e-way bill from Today, 25.05.2018

Roll out of e-Way Bill system for intra-State movement of goods in the Maharashtra, Manipur and Union Territories (without legislature)

As per the decision of the GST Council, e-Way Bill system for inter-State movement of goods has been rolled out from 1^st April, 2018. As on 23^rd May, 2018, e-Way Bill system for intra-State movement of goods has been rolled out in the States of Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Gujarat, Haryana, Himachal Pradesh, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Meghalaya, Nagaland, Rajasthan, Sikkim, Telangana, Tripura, Uttarakhand, Uttar Pradesh and Union Territory of Puducherry. E-Way Bills are getting generated successfully and till 23^rd May, 2018 more than five crore and thirty lakh e-Way Bills have been successfully generated which includes more than one crore and sixty lakh e-Way Bills for intra-State movement of goods.

It is informed that e-Way Bill system for intra-State movement of goods would be implemented from 25^th May, 2018 in the following States / Union Territories :-

• Maharashtra
• Manipur
• Andaman & Nicobar Islands
• Chandigarh
• Dadra & Nagar Haveli
• Daman & Diu
• Lakshadweep

Twenty seven States / Union Territories would have implemented the e-Way Bill system for intra-State movement of goods with the roll-out of the same on 25^th May, 2018. Registration/enrolment on e-Way Bill portal namely https://www.ewaybillgst.gov.in may be taken at earliest in the remaining States as well since the same would soon be rolled out in these States also. The system is working smoothly and without any glitches. On an average twelve lakh e-way bills are being generated every day. Trade and industry may approach their respective tax authority for any guidance in this matter. Further, it is informed that trade should get well versed with respect to the provisions of the e-Way Bill rules in order to avoid any difficulty. The provisions of rule 138D of Central / State GST Rules, 2017 may be referred to for any grievance redressal.

Link : http://pib.nic.in/PressReleseDetail.aspx?PRID=1533406

GROWTH IN FOREIGN EXCHANGE EARNINGS

Ministry of Tourism Updates

10.2% growth rate in Foreign Exchange Earnings (FEEs) in Rupee terms in April 2018 over April 2017

Notification Below :

Ministry of Tourism estimates monthly Foreign Exchange Earnings (FEEs) through tourism in India, both in rupee and dollar terms based on the credit data of Travel Head from Balance of Payments of RBI for the previous year.

The highlights of the estimates of FEEs from tourism in India for April 2018 are as below:

Foreign Exchange Earnings (FEEs) through tourism (in Rs. terms)

• FEEs during the month of April 2018 were Rs. 15,713 crore as compared to Rs. 14,260 crore in April 2017.
• The growth rate in FEEs in rupee terms in April 2018 over April 2017 was 10.2%.
• FEEs during the period January- April 2018 were Rs. 68,629 crore with a growth of 14.2%, as compared to the FEE of Rs. 60,079 crore in January-April 2017.

Foreign Exchange Earnings (FEEs) through tourism (in US $ terms)

• FEEs in US$ terms during the month of April 2018 were US$ 2.393 billion as compared to FEEs of US$ 2.211 billion during the month of April 2017.
• The growth rate in FEEs in US$ terms in April 2018 over April 2017 was 8.2%.
• FEEs during the period January-April 2018 were US$ 10.621 billion with a growth of 17.4% as compared to the FEE of US$ 9.044 billion in January- April 2017 with a growth of 17.5% over January- April 2016.

Link : http://pib.nic.in/PressReleseDetail.aspx?PRID=1533096

GST update : on E-waybill dated 14.05.2018

Roll out of e-Way Bill system for intra-State movement of goods in the States of Assam & Rajasthan

As per the decision of the GST Council, e-Way Bill system for inter-State movement of goods has been rolled out from 01^st April, 2018. As on 13^th May, 2018, e-Way Bill system for intra-State movement of goods has been rolled out in the States/ Union Territory of Andhra Pradesh, Arunachal Pradesh, Bihar, Gujarat, Haryana, Himachal Pradesh, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Meghalaya, Nagaland, Sikkim, Telangana, Tripura, Uttarakhand, Uttar Pradesh and Puducherry. E-Way Bills are getting generated successfully and till 13^th May, 2018 more than four crore and fifteen lakh e-Way Bills have been successfully generated which includes more than one crore e-Way Bills for intra-State movement of goods.

It is hereby informed that e-Way Bill system for intra-State movement of goods would be implemented in Assam from 16^th May, 2018 & Rajasthan from 20^th May, 2018.

With the roll-out of e-Way Bill system in these States/ Union Territory, it is expected that trade and industry will be further facilitated insofar as the transport of goods is concerned, thereby eventually paving the way for a nation-wide single e-Way Bill system. Trade and industry and transporters located in these States/ Union Territory may obtain registration/ enrolment on e-Way Bill portal namely https://www.ewaybillgst.gov.in at the earliest without waiting for the last date.

Full Press release can be access at : http://pib.nic.in/PressReleseDetail.aspx?PRID=1532077   issued by Ministry of finance dated 14th May, 2018..