e-Way Bills:The Central Government has made a major change in the GST rules (GST Rules Changing from 1 March 2024). Now businessmen doing business of more than Rs 5 crore will not be able to generate e-way bill without e-invoice. According to the rules of Goods and Services Tax (GST), traders require an e-way bill to move goods worth more than Rs 50,000 from one state to another. In such a situation, now this bill cannot be generated without e-challan. This rule will come into effect from March 1, 2024.
Why did the government make the change?
Recently, National Informatics Center (NIC) found in its investigation that there are many taxpayers who are generating e-way bills for business to business and business to export transactions without e-invoice, which is a violation of the rules.
Many times it has been found that the e-way bill and e-invoice of these businesses do not match. In such a situation, to bring transparency in tax payment, the government has now made e-challan mandatory for e-way bill by changing the rules.
Rules changing from March 1
National Informatics Center (NIC) has issued orders to GST taxpayers saying that now they will not be able to generate e-way bill without e-challan. This rule will come into effect from March 1, 2024. This rule will be applicable only for taxpayers eligible for e-challan.
At the same time, NIC has made it clear that there will be no need for e-challan to generate e-way bills for customers and other types of transactions. In such a situation, these e-way bills will continue to be generated like before. This means that the changed rules will not have any impact on these customers.
