New rule to generate E-Way bill is applicable from 1st Dec, not filing twice GST Return will not be able to generate e-way bill
New rule to generate E-Way bill is applicable from 1st Dec, not filing twice GST Return will not be able to generate e-way bill
The government goes to implement new rules for the e-way bill from December 1. The new rule of the e-way bill can convince be costly for traders who are lax in filing GST returns. Consistent with the new rule, businesses not filing GSTR-3B returns for 2 or more times won’t be ready to generate e-way bills from December 1. Generating an e-way bill is important for sending goods in more than Rs 50,000 to other states. The rule of filing GSTR-3B is additionally getting to change from January 1, 2021. From January 1, traders will need to file GSTR-3B once in three months rather than monthly.
GST experts said that from December 1, the new rule of the e-way bill is going to be applicable to businessmen with quite a 5 crore turnover. If these traders haven’t filed GSTR-3B returns two or more times till October this year, their e-way bills are going to be blocked from Tuesday.
GST case expert and accountant (CA) Manish Sharma said that the govt has already informed the traders about the new rule. That’s why they were being asked to file their returns by 30 November. He informed that just in case the e-way bill is blocked, the traders will need to file their outstanding returns first. Then they’re going to be ready to generate the e-way bill again.
Experts said that thanks to the blocking of the e-way bill system, the businessmen won’t be ready to make one bill of products worth one lakh rupees and two bills of 45-45 thousand, and one bill of 5,000 and send the products to other states. The GST collection data for the month of November also will be presented on Tuesday. Consistent with experts, the November GST collection is probably going to be Rs 1.08 lakh crore. The gathering last October was 1.05 lakh crore rupees.