GST Return: Experts say the decision will help boost GST collection in August, as pending GST returns are expected to be filed.
Which Taxpayers Two months until June 2021 or the quarter of June 2021 GST Returns (GST Returns) not filed, they generate e-way bill from 15th August Let’s do it They will not be able to do that GSTThe network is called (GST Network). Experts say the decision will help boost GST collection in August, as pending GST returns are expected to be filed.
Last year, the Central Board of Indirect Taxes and Customs (CBIC) lifted the ban on electronic e-way billing for non-financing returns during the Corona epidemic.
“The government has now decided to resume the ban on generating e-way bills on the EWB portal for all taxpayers from August 15,” GSTN told taxpayers. Thus, after 15 August 2021 the system will check the filed returns and prohibit generating e-way bills if necessary.
Rajat Mohan, Senior Partner, AMRG & Associates, said that GSTN has increased the pressure on all those who do not file GST returns and the delay in generating e-way bills BusinessWill jam. This automatic punitive action will increase taxes in August, said Rajat Mohan.
Meanwhile, Saket Patwari, Executive Director (Indirect Taxes), NexDime, said that while the situation is slowly normalizing, the tax administration BusinessesIs urging to regularize GST compliance. It is a simple process to resume e-way bill generation after filing the return.
