Sn. | Myths | Reality |
1 | I Need To Generate All Invoices On Computer / Internet Only. | Invoices Can Be Generated Manually Also . |
2 | I Need Internet All The Time To Do Business Under Gst. | Internet Would Be Needed Only While Filing Monthly Return Of Gst.
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3 | I Have Provisional Id But Waiting For Final Id To Do Businesss. | Provisional Id Will Be Your Final Gst In Number Start Business. |
4 | My Item Of Trade Was Earlier Exempt So I Will Need New Registration Before Starting Business Now. | U Can Contineu Doing Business And Get Registered Withn 30 Days. |
5 | There Are 3 Returns Per Month To Be Filed. | There Is Only 1 Returns With 3 Parts Out Of Which First Part Filed By Dealer And Too Ather Parts Auto Populated By Computer . |
6 | Even Small Dealers Will Have To File Invoice Wise Details In The Returns . | Those In Retail Business (B2C) Need To File Only Summary Of Total Sales . |
7 | New Gst Rate Is Higher Comparted To Earlier Vat. | It Appears Higher Bcoz Excise Duty And Other Taxes Which Were Invisible Earlier Are Now Subsumed In Gst And So Visible Now. |
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