Home GST Intrastate E-way bill threshold to be reduced to Rs. 50,000 in West Bengal

Intrastate E-way bill threshold to be reduced to Rs. 50,000 in West Bengal

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Intrastate E-way bill threshold to be reduced to Rs. 50,000 in West Bengal

Intrastate E-way invoice threshold to be decreased to Rs. 50,000 in West Bengal

West Bengal would minimize the intrastate e-way invoice threshold from Rs. 1 lakh to Rs. 50,000 starting in December, bringing it consistent with the remainder of the nation and stopping GST slippage.

In response to a current West Bengal GST notification, an e-way invoice will probably be required for the motion of products value greater than Rs. 50,000 inside the state. The supply may also apply to job-related objects.

State GST commissioner Khalid Anwar informed that the e-way invoice threshold was modified for 2 causes.

“The primary is to attain parity with the remainder of the nation, which is already Rs 50,000 for interstate items motion. The Rs. 1 lakh intrastate motion threshold was steadily misinterpreted as making use of to interstate motion of products, and merchants had been penalised,” he stated.

The second cause is that unscrupulous merchants are utilizing the elevated threshold, leading to tax slippage. He believes that decreasing the brink will help shield tax revenues.

Anwar acknowledged that the state initially mounted the intrastate threshold at Rs. 1 lakh to assist small merchants by offering respiratory room and avoiding early issues with the e-way system. The edge has been decreased now that the tactic has been streamlined.

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