Resumption of Blocking of E-Way Bill (EWB) generation facility.

Resumption of Blocking of E-Way Bill (EWB) generation facility.

1. The blocking of E way bill generation facility had been temporarily suspended by Government on account of Covid pandemic. In terms of Rule 138 E (a) and (b) of the CGST Rules, 2017, the E Way Bill generation facility of a person is liable to be restricted, in case the person fails to file their return in Form GSTR-3B / statement in CMP-08, for consecutive two tax periods or more, whether Monthly or Quarterly.

2. The blocking of EWB generation facility has now resumed on the EWB portal for all the taxpayers. Going forward, from the tax period August, 2021 onwards, the System will periodically check the status of returns filed in Form GSTR-3B or the statements filed in Form GST CMP-08 as per the regular procedure followed before pandemic, and block the generation of EWBs as per rule.

3. To avail EWB generation facility on EWB Portal on continuous basis, you are, therefore, advised to file your pending GSTR 3B returns/ CMP-08 Statement on regular basis.

4. For details of blocking and unblocking EWB, Click on below link:

• https://tutorial.gst.gov.in/userguide/returns/index.htm#t=FAQs_unblockingewaybill.htm

Note: Please ignore this update if you are not registered on the EWB portal.

Key Features – File Validation Utility (FVU) version 7.2

New File Validation Utility has been released by NSDL for filing of 26Q, 27Q and 27EQ and the same is effective from 1st October 2021. Following are the changes

A. Addition of new Section code 194P for Form 24Q
194P: Deduction of tax in case of specified senior citizens
This section will be applicable for regular and correction statements pertaining to FY 2021-22 onwards.

B. Addition of new Section code 196D(1A) for Form 27Q
196D(1A): Income of specified fund from securities referred to in clause (a) of subsection (1) of section 115AD (other than interest income referred to in section 194LD).
This section will be applicable for regular and correction statements pertaining to FY 2020-21 Q3 onwards where date of payment is on or after 01/11/2020.

C. Addition of new Section code 194Q Form 26Q
194Q: Payment of certain sums for purchase of goods
This section will be applicable for regular and correction statements pertaining to FY 2021-22 Q2 onwards.

D. Addition of new remark values for Form 27Q

1. Remark I: In case of no deduction is in view of sub-section (2) of section 196D in respect
   of income of the nature of capital gains on transfer of securities referred to in section
   115AD paid or payable to a Foreign Institutional Investor
   This remark will be applicable for section codes 196D & 196D(1A) only.
2. Remark H: If no deduction is in view of proviso to sub-section (1A) of section 196D in
   respect of an income paid to a specified fund which is exempt under clause (4D) of
   section 10
   This remark will be applicable only for section 196D(1A)
3. Remark J: If deduction is at higher rate in view of section 206AB for non-filing of return
   of income by the non-resident having a permanent establishment in India
   This remark will be applicable to all section codes except 192A, 194LBC, 194N and
   194NF

E. Addition of new remark values for Form 26Q

1. Remark P: In case of No deduction is on account of payment of dividend made to a
   business trust referred to in clause (d) of second proviso to section 194 or in view of any
   notification issued under clause (e) of the second proviso to section 194
   This remark will be applicable only for section 194
2. Remark Q: In case of No deduction in view of payment made to an entity referred to in
   clause (x) of sub-section (3) of section 194A
   This remark will be applicable only for section 194A
3. Remark U: If the deduction is on higher rate in view of section 206AB for non-filing of
   return of income
   This remark will be applicable to all section codes except 192A, 194B, 194BB, 194LBC,
   194N and 194N

F. Addition of remark value in Form 27EQ
Remark I: If collection is at a higher rate in view of section 206CCA
This remark will be applicable to all applicable to all collection codes
These changes will be applicable for regular and correction statements pertaining to FY 2021-22 Q2 onwards

G. Change in validation related to section code 196D in Form 27Q
Existing remark value “C” will be applicable for this section with their existing validations in case of non-availability of PAN.
Newly added remark “I” and existing remark “G” will also be applicable to this section code for no deduction.
Remark “I” will be applicable in case of nil challan return.
These changes will be applicable for regular and correction statements pertaining to FY 2021-22 onwards

H. Changes in validations of Section 194K of Form 26Q
Existing Remark “B” (In case of no deduction on account of declaration under section
197A) will also be applicable to section for this section
These changes will be applicable for regular and correction statements pertaining to FY 2021-22 onwards.

This version of FVU is applicable with effect from October 01, 2021 onwards.

GST Revenue collection for September 2021

GST Revenue collection for September 2021

The gross GST revenue collected in the month of September 2021 is
₹ 1,17,010 crore of which CGST is ₹ 20,578 crore, SGST is ₹ 26,767 crore, IGST is ₹ 60,911 crore (including ₹ 29,555 crore collected on import of goods) and Cess is
₹ 8,754 crore (including ₹ 623 crore collected on import of goods).

The government has settled ₹ 28,812 crore to CGST and ₹ 24,140 crore to SGST from IGST as regular settlement. The total revenue of Centre and the States after regular settlements in the month of September 2021 is ₹ 49,390 crore for CGST and ₹ 50,907 crore for the SGST.

The revenues for the month of September 2021 are 23% higher than the GST revenues in the same month last year. During the month, revenues from import of goods was 30% higher and the revenues from domestic transaction (including import of services) are 20% higher than the revenues from these sources during the same month last year. The revenue for September 2020 was, in itself at a growth of 4% over the revenue of September 2019 of ₹ 91,916 crore.

The average monthly gross GST collection for the second quarter of the current year has been ₹ 1.15 lakh crore, which is 5% higher than the average monthly collection of ₹ 1.10 lakh crore in the first quarter of the year. This clearly indicates that the economy is recovering at a fast pace. Coupled with economic growth, anti-evasion activities, especially action against fake billers have also been contributing to the enhanced GST collections. It is expected that the positive trend in the revenues will continue and the second half of the year will post higher revenues

Centre had also released GST compensation of Rs. 22,000 crore to States to meet their GST revenue gap.