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revenue secretary adhia clears 7 misconceptions on gst

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revenue secretary adhia clears 7 misconceptions on gst

revenue secretary hasmukh adhia on sunday took to twitter to clarify some common misconceptions about the landmark tax. the gst council has come out with a four-rate structure: 5%, 12%, 18% and 28%. a higher tax rate of 28% is imposed on luxury and sin goods in the new tax regime. under gst, all transactions and processes will be done through electronic mode to ensure non-intrusive administration. here are the ‘myths’ and the ‘realities’ as explained by adhia.myth 1: 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 fil...