"GST ki Masterclass" to help people

     Written by : SMTV24x7 | Sun, Jul 09, 2017, 06:25 PM

GST ki Masterclass helps people

New Delhi July 9: A historic Reform has completed one week.Goods and Service Tax was introduced in India from July 1, 2017. Currently, the government is conducting "GST Ki Master Class" every day. The program is a 1-hour long session conducted by revenue secretary Hasmukh Adhia. The main aim of these classes is

* To clear doubts about various aspects of GST
* To create awareness among traders and business people.

Some of the doubts that were clarified are

# All traders supplying goods to interstate must register under GST even
though his turnover is below RS 20 lakhs.

# A manual invoice is also sufficient but it should contain details such as GSTIN, the name of the item, tax rate ( CGST and SGST separately ) in the case of same state supply.

# A bill may not be necessary if the transaction is of below Rs 200, but it
must be given a customer insists or for a B2 B transaction, it is a must.

# All traders must notify changes in MRP by giving advertisements in papers.

Finally, many people have are happy because the government is clearing their doubts so that the reform is implemented smoothly.