New rule of GST: 10 crore salespeople will also have to deduct e-invoice

Amritsar: Traders are constantly getting upset due to the continuous changes in GST and every time the sales-purchase bill limit is cut. But the businessman is not being heard at any level. Now another new decree has been issued. Under which any trader whose sales are 10 crores or more will now have to issue […]
 


New rule of GST: 10 crore salespeople will also have to deduct e-invoice

Amritsar: Traders are constantly getting upset due to the continuous changes in GST and every time the sales-purchase bill limit is cut. But the businessman is not being heard at any level. Now another new decree has been issued. Under which any trader whose sales are 10 crores or more will now have to issue e-challan. Traders failing to do so will not be able to sell or supply the goods. These new orders will come into effect from October 1, 2022. Whereas till now this limit is 30 crores. Which will be Rs 10 crore after October 1. Not only this, till 1 October 2020 this limit was Rs 500 crore. Which has been continuously reduced to 10 crores.

Small industries will suffer: Vikas Khanna

Vikas Khanna, former vice-president of the GST Practitioners Association, said that according to this new order, traders with such high sales will have to first generate the e-challan and upload it on the GST portal. After this a number will be generated. The bill has to be deducted by entering that number, then only he can make his sale. This will hurt the small scale industry the most. who did physical labor. Because if there is any internet or any other problem then those people will not be able to generate their e-invoice and this will affect their sales also. With this, it is being said that after a few months, preparations are being made to bring this limit to Rs 5 crore.

GST being complicated instead of simple: Kapoor

Amit Kapoor, head of Laghu Udyog Bharti, said that the purpose of implementing GST is to make the process easier for the traders. But ever since the GST came into force, it has been continuously made more complicated. In such a situation, the small trader will gradually disappear. Because small traders will not be able to complete the complicated procedures of GST.

Changes made over 1200 times: Seth

Punjab Pradesh Board of Trade chief Pyare Lal Seth said that it has been changed more than 1200 times since GST. As long as traders understand the Old Testament. By then the new rules come into force. GST has also been imposed on clothes, small hotels etc. Therefore it is necessary that the rules should be made in the interest of the traders and common citizens and not for those who harass them.