GST is going to be implemented from July 1, but before that, illusions are
being spread everywhere. Someone says that everything will be cheaper while
someone says that after GST everything will be expensive, . Let's know what
rumors are spreading.:-
1. There is confusion among people that inflation will increase after GST is implemented.
Government is saying that GST will not have any impact on the rate of inflation.
2.Those who are going to book under construction flat, builders are saying that pay the full amount before July 1, then it will be more taxable. The GST rate is lower than the current tax. In this way the builders are misleading you.
3. The traders fear that now they will have to file 3 GST returns every month and once annually. According to GST Council, businessmen will have to file GST returns 1 only, the rest will be automatically generated.
4. Tax will be reduced on many things in GST, but there is confusion in the customer that the advantage of it will not reach them. The government has said that the businessman has to reach the client's share of the exemption, otherwise the action will be taken.
5. There is confusion among traders that there will be a fixed format for GST invoice creation. The government issued a statement saying that GST can make the design and format of Taxpayer invoice according to its own.
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