Law and Legal blog

GST FAQs: e-way bill rules, credit of KCC, RWA Charges, Unregistered Purchase Q 1: Has e-way bill rules been notified? Ans: No, it will be implemented in phases from 01.01.2018, and nation-wide w.e.f. 01.04.2018 Q 2: Whether the credit of  Krishi Kalyan Cess (KCC)  and education cess allowed as transition credit in GST? Ans: No. Q 3: Please clarify GST applicability on Resident Welfare Association (RWA) charges for providing services and goods for the common use of its members by way of reimbursement of charges or share of contribution ? Ans: Supply of service by RWA is exempted if 1. Contribution is less than Rs. 5000 per month per member or 2. If the aggregate turnover of such RWA is below Rs. 20 lakhs in a financial year, even if charges per member are more than Rs. 5000 RWA shall be required to pay GST if subscription is more than Rs. 5000 per member and the annual turnover of RWA by way of supplying of services and goods is also Rs. 20 lakhs or m...