e-bill

Now preparing for Stringent provisions of GST, meeting GST Council to implement e-bill

New Delhi:- After giving various relief to the common people and businessmen in GST before the Gujarat assembly elections, the government is now preparing to implement stringent provisions of the commodity and service tax law.  

Taking the same direction, the Center has convened an important meeting of the GST Council on Saturday. Under the chairmanship of Finance Minister Arun Jaitley, in the meeting with video conferencing, it will be considered at a time when the GST’s e-bill provisions should be implemented.

According to sources, it is possible to decide on the electronic bill (e-way bill) before the scheduled date of the council meeting.

The council had in October decided to implement the controversial e-bill bill provision from April 1, 2018. Under the rules of the e-way bill, the person carrying the goods will have to take this bill in every situation from GSTN portal.

Due to the low GST collection in the recent months, states have demanded it to be implemented ahead of time. States say that the e-Bill Bill’s rule should be implemented from January 1, 2018. so that the scope of any leak in the GST archive can be eliminated. There are several types of objections to the industry on this bill.

He says that it will be difficult to comply with GST. In the meeting held in Guwahati in the Council, a relief was given to common people and businessmen by reducing GST rates on more than 200 items and exemption from monthly return filing. However, its treasury had adverse effects.

In October, the GST collection decreased to 83,000 crore rupees. Now it is estimated that it will also decrease in November.

 

Sources said that such information is getting that all the dealers are stealing GST. To prevent this, strict provisions like e-bill are needed. Five states, including Karnataka, are ready to implement the e-bill system. NIC has prepared the IT system of the bills for these states.

In any case, the government has only three months left to achieve the revenue target in the current financial year. In such a way, any leak in the GST collection will not be tolerated.

 

GST Council has also avoided implementation of e-bill and other provisions like reverse charging mechanism and invoice matching. The council, which formed a consulting group to help the committee review the GST law, has also recommended implementing the e-bill in 2019.

Share It
Tags: , , , , , , , , , , , ,
Previous Post

GST Portal Updates

Next Post
Levy of and Exemption
GST BLOGS

Levy and Exemptions from Tax under GST