Revenue Secretary busts seven misconceptions relating to GST

New Delhi, July 3 (KNN) Revenue Secretary, Government of India, Dr. Hasmukh Adhia through a series of tweets from his twitter handle @adhia03 has busted certain common misconceptions/ myths about GST.

  These myths relating to GST and Reality of each one is given below.

 Myth 1: Do I need to generate all invoices on computer/ internet only. 

Reality 1: Invoices can be generated manually also.

Myth 2: I need internet all the time to do business under GST.

Reality 2: Internet would be needed only while filing monthly return of GST.

Myth 3: I have provisional ID but waiting for final ID to do business. 

Reality 3: Provisional ID will be your final GSTIN number. So start business. 

Myth 4: My item of trade was earlier exempt so I will need new registration before starting business now. 

Reality 4: You can continue doing business and get registered within 30 days.

Myth 5: There are 3 returns per month to be filed.  

Reality 5: There is only 1 return with 3 parts, out of which first part is to be filed by dealer 

and two other parts would be auto populated by computer.