Tag: Provisional ID

GST

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

Provisional GST number is GSTIN (GST Identification number)

On the registration of businesses, all the subsumed tax assesees, have migrated to the GST Network. Registration, which closed on June 15, will reopen on June 25. The provisional ID number will be the same for GSTIN (GST identification number). New businesses too need not rush. They will have 30 days for GSTIN.