#ICAI The Institute of Chartered Accountants of India has suggested the government to make PAN compulsory on air-ticket bookings for overseas package tours to bring high value transactions into the data system.

#GST Compliances Eased

Finance Ministry permitted businesses to rectify mistakes in monthly return GSTR-3B & adjust tax liability .Return GSTR-3B differential figures for past month(s)may be reported on net basis along with the values for current month itself.

#GST Date of coming into force the E-Way Bill Rules, notified

Notification No. 74/2017-Central Tax dated 29.12.2017 issued
• 1st of February, 2018, notified as the date of coming into force of E-Way Bill Rules.
• Vide Notfn No. 27/2017-Central Tax dated 30.08.2017, Rules 138 & 138A pertaining to E Way Bills were notified. The said rules will now come into force with effect from 01.02.2018 pursuant to issue of Notification No.74/2017-Central Tax
dated 29.12.2017