GST Network i.e. GST N has issued an alert for the traders. GSTN has said that taxpayers who have not filed GST returns for two months till June 2021 or June 2021 quarter will not be able to generate e-way bill from August 15.
GSTN told taxpayers, “The government has now decided to reinstate the ban on generation of e-way bills on the EWB portal for all taxpayers with effect from August 15.” Thus, returns filed after August 15, 2021, system. and, if necessary, prohibit the generation of e-way bills.
Last year, the Central Board of Indirect Taxes and Customs (CBIC) suspended the moratorium on generation of electronic e-way bills for non-filers, giving compliance relief during the COVID pandemic. However, experts say the move will help boost Goods and Services Tax (GST) collections in August, as pending GST returns are expected to be filed.
How much was the collection in July: Let us tell you that the collection of GST in July was Rs 1,16,293 crore. This is more than in June. According to the information, CGST is Rs 22,197 crore, SGST Rs 28,541 crore and IGST Rs 57,864 crore (including Rs 27,900 crore collected on import of goods) and Cess 7,790 crore (including Rs 815 crore collected on import of goods).
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
