The transition to the goods and services tax (GST) regime for many shoppers has not been smooth, especially with regards to the bill of a transaction. This is because there have been instances where customers have been given unauthentic or improper bills.
Read on to find out how you can identify an authentic bill and a business that is eligible and compliant with GST rules.
Outlet not eligible yet charging GST
Not all shop owners are required to get themselves registered under GST and get a GSTIN (GST Identification Number). But every bill carrying the GSTIN has to show the break-up of central GST (CGST) and state GST (SGST).
Small businesses having an all-India aggregate yearly turnover below Rs 20 lakh (Rs 10 lakh if business is situated in Assam, Arunachal Pradesh, Jammu and Kashmir, Himachal Pradesh, Uttarakhand, Manipur, Mizoram, ..
Read on to find out how you can identify an authentic bill and a business that is eligible and compliant with GST rules.
Outlet not eligible yet charging GST
Not all shop owners are required to get themselves registered under GST and get a GSTIN (GST Identification Number). But every bill carrying the GSTIN has to show the break-up of central GST (CGST) and state GST (SGST).
Small businesses having an all-India aggregate yearly turnover below Rs 20 lakh (Rs 10 lakh if business is situated in Assam, Arunachal Pradesh, Jammu and Kashmir, Himachal Pradesh, Uttarakhand, Manipur, Mizoram, ..
Read more at:https://economictimes.indiatimes.com/wealth/spend/heres-how-to-spot-a-fake-gst-bill/articleshow/60528114.cms
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