Chinmaya IAS Academy – Current Affairs Chinmaya IAS Academy – Current Affairs
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Non-filers of GST returns for six consecutive months will soon be barred from generating e-way bills for movement of goods.The Goods and Services Tax Network is developing an IT system such that businesses that have not filed returns for two straight returns filing cycles, which is six months, would be barred from generating e-way bills, an official said.“As soon as the new IT system is put in place, the new rules will be notified.”Officials said the move would help check Goods and Services Tax evasion. Central tax officers have detected 3,626 cases of GST evasion or violations cases, involving Rs. 15,278.18 crore in the April-December period.The e-way bill system was rolled out on April 1, 2018, for moving goods worth over Rs. 50,000 from one State to another. The system for within the State movement was rolled out in a phased manner from April 15.
Transporters of goods worth over Rs. 50,000 would be required to present e-way bills during transit to a GST inspector, if asked.Officials feel that to shore up revenue and raise compliance, strict anti-evasion measures must be adopted. The revenue department is working towards integrating the e-way bill system with NHAI’s FASTag mechanism beginning April to help track movement of goods.
