Western India Regional Council of
The Institute of Chartered Accountants Of India

Law Update Details

 
March 2018 CA. Kishor R. Gheewala
 

Time Limits Extension

Annual Return


Vide Circular No. GUJKA/VAT-15/17-18/otw. 205/178, Dt.01/02/2018, the Time Limit for furnishing Annual Return in Form 205 for F.Y.2016-2017, by the dealers, liable for Vat Audit, has been extended from 31st December, 2017 to 28th February, 2018.

Audit Report

Vide Circular No. GUJKA/VAT-17-C/17-18/otw. 202/176 Dt.29/01/2018, the Time Limit for obtaining Audit Report in Form 217 for F.Y.2016-2017, by the dealers, liable for Vat Audit, has been extended from 31st December, 2017 to 28th February, 2018, for obtaining and uploading the same on Commercial Tax Portal. Penalty at Rs.2,000/- will be levied for Audit Reports uploaded during March, 2018 & @ Rs.10,000/- for Audit Reports uploaded thereafter.

Refund

Vide Circular No. ACST/VVT-1/F. No. 67/ CIRCULAR/ 17-18/ B.-3326 Dt.23rd November, 2017, a detailed procedure and instructions have been laid down for granting & issuing Refund under the GGST Act, 2017.

E-Way Bill

Vide Notification No. GSL/GST/RULE-138(14)/B.9, Dt.15th February, 2018, U/s. 68 of the Gujarat Goods and Services Tax Act, 2017, Intra-State Movements of all Goods are exempted from generation of E-Way Bill.

 

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