To draw equality with the rest of the country and prevent GST slippage, the state of West Bengal shall diminish the intrastate GST e-way bill limit from Rs 1 lakh to Rs 50,000 w.e.f. December.
An e-way bill is needed for the goods movement that has a value of over Rs 50,000 within the state, a current West Bengal GST notification stated. The same provision shall indeed be applied to the job work goods.
State GST commissioner Khalid Anwar stated that there are two major causes for the amendment of the e-way bill limit.
One is to draw equality for the rest of the country which is already Rs 50,000 for the interstate goods movements. Rs 1 lakh limit for the intrastate movement was often misinterpreted as applying to the interstate goods movement and the traders were sentenced, he stated.
The second cause is that corrupt traders opt for the benefits of more limits and as per the consequences there is tax slippage. A diminished limit shall support to safeguard the tax revenues, he added.
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The state has maintained the intrastate limit at Rs 1 lakh to help the small traders furnish breathing time and prevent the initial problems with the e-way regime. The system is simplified and the limit has been diminished.
Reacting to the development Sushil Poddar president of the Confederation of West Bengal Traders Association mentioned that it shall put another compliance load on the small retailers and traders.
On 1st December 2023, the notification shall come into effect projecting to facilitate and increase the tracking of the intrastate goods movement. Businesses that function in West Bengal should ensure compliance with the revised GST e-way bill to prevent penalties and troubles in their supply chain, tax experts stated.
Tax experts stated that a significant revision is been marked up with a revised limit of Rs 50,000. The stakeholders must opt for proactive efforts to align with the revamped norms.
