Tag: Invoices

Truths about GST

 

All Invoices can be generated manually also, not required to be generated online on Internet.

Internet connection is need only once in a month for filing the Returns.

Provisional Id is the GSTN

New Business Registrations to be done within 30 days.

One Return every month with 3 parts. One is to be filled by the Dealer and the 2 other parts are auto populated.

Small Traders dealing with B2C need to file a Summary of Total Sales

GST rate is higher because previously excise duty and other taxes were not visible, now it is visible.

 

GST revised rules time sought for 1st filing of invoices

Reiterating that preparations are in full swing for rolling out GST on Jul 1, CBEC said that, along with the states, the department has increased its outstretch programmes on the forthcoming Indirect tax regime to reach the “last trader”.

Some GSPs urged the GSTN to defer the date by which business taxpayers must file invoices by at least a month from August to September, to allow GSPs to carry out testing and security compliance based on revised rules.