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On 27 December, the CBIC has notified the circular No. 75/49/2018 ' Seva Bhoj Yojna ' scheme. Under this scheme, IGST and CGST has been paid for the purchase and donate charitable/religious institutions on the free food serving by the public. The charitable/religious institutions are included Gurudwara, Temples, Dharmik Ashram, Mosques, Dargah, Church, Math, etc. The govt has released FORM SBY-01 to SBY-06 for all the charitable/religious institutions organizations offering under the Seva Bhoj Yojna. Read also: Latest GST Circulars and Orders By CBIC FORM SBY-01 - Application for SBY-UIN FORM SBY-02 - Unique Identification Number FORM SBY-03 - Application for Reimbursement of Tax Under the SBY FORM SBY-04 - Acknowledgment FORM SBY-05 - Order Sanctioning/rejecting Claim of Reimbursement FORM SBY-06 - Payment Advice

The Central Board of Direct Taxes (CBDT) today has notified five new changes in PAN card provisions . The new changes will become valid from 5th December 2018. According to new notification issued by CBDT, all the entities, which made financial transaction of Rs 2.5 lakh or more in a financial year will be eligible for the PAN card and has to mandatory apply for a PAN card on or before 31st May of the next financial year. Download Free Demo Gen Income Tax Software for R eturn Filing

The new modifications are done in the E- Way Bill generation form and is being released on 16th of November 2018. In this form there will be some latest improvement introduced such as duplicate e-way bills, CKD/SKD delivery challan along with original tax Invoice or bill of entry copy, shipping and dispatching address in case of import and export supply, etc. 1. Checking of duplicate generation of e-way bills based on same invoice number: In case a transporter or consignee has generated one e-way bill on the consignor’s invoice, then any other party. 2. CKD/SKD/Lots for movement of Export/Import consignment: Availability of Delivery Challan’ along with original ‘Tax Invoice’ or ‘Bill of Entry' 3. Shipping address in case of export supply type:  Bill To’ Party will be URP or GSTIN of SEZ Unit with the state as ‘Other Country’ 4. Dispatching address in case of import supply type:  Bill From’ Party will be URP or GSTIN of SEZ Unit with the state as ‘Other Country’ ...