ENA Economy 2017-07-03 06:11:10 <p><strong>New Delhi, July 3 (KNN)</strong> 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.</p> <p> These myths relating to GST and Reality of each one is given below.</p> <p> Myth 1: Do I need to generate all invoices on computer/ internet only. </p> <p>Reality 1: Invoices can be generated manually also.</p> <p>Myth 2: I need internet all the time to do business under GST.</p> <p>Reality 2: Internet would be needed only while filing monthly return of GST.</p> <p>Myth 3: I have provisional ID but waiting for final ID to do business. </p> <p>Reality 3: Provisional ID will be your final GSTIN number. So start business. </p> <p>Myth 4: My item of trade was earlier exempt so I will need new registration before starting business now. </p> <p>Reality 4: You can continue doing business and get registered within 30 days.</p> <p>Myth 5: There are 3 returns per month to be filed. </p> <p>Reality 5: There is only 1 return with 3 parts, out of which first part is to be filed by dealer </p> <p>and two other parts would be auto populated by computer. </p> 17419 http://knnindia.co.in/news/newsdetails/economy/revenue-secretary-busts-seven-misconceptions-relating-to-gst 2017-07-03 06:11:10 knnindia.co.in