New rule to generate E-Way bill is applicable from today, not filing twice GST Return will not be able to generate e-way bill

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The government is going to implement new rules for the e-way bill from December 1. The new rule of e-way bill can prove to be costly for traders who are lax in filing GST returns. According to the new rule, businesses not filing GSTR-3B returns for two or more times will not be able to generate e-way bills from December 1. Generating an e-way bill is necessary for sending goods in excess of Rs 50,000 to other states. The rule of filing GSTR-3B is also going to change from January 1, 2021. From January 1, traders will have to file GSTR-3B once in three months instead of every month.



GST experts said that from December 1, the new rule of e-way bill will be applicable to businessmen with more than 5 crore turnover. If these traders have not filed GSTR-3B returns two or more times till October this year, their e-way bill will be blocked from Tuesday.

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GST case expert and Chartered Accountant (CA) Manish Sharma said that the government has already informed the traders about the new rule. That is why they were being asked to file their returns by 30 November. He informed that in case of blocking of the e-way bill, traders have to first file their outstanding returns. After that they will be able to generate the e-way bill again.

Experts said that due to the blockage of the e-way bill system, the businessmen will not be able to make one bill of goods worth one lakh rupees and two bills of 45-45 thousand and one bill of 5,000 and send the goods to other states. The GST collection data for the month of November will also be presented on Tuesday. According to experts, the November GST collection is likely to be Rs 1.08 lakh crore. The collection last October was 1.05 lakh crore rupees.

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The post New rule to generate E-Way bill is applicable from today, not filing twice GST Return will not be able to generate e-way bill appeared first on informalnewz.



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