8 Facts About GST You Should Definitely Know!

GST Invoice, GST Mobile App, Invoice and Billing App Free, GST Invoice App, GST India, GST App, GST Invoices,

 

GST Invoice, GST Mobile App, Invoice and Billing App Free, GST Invoice App, GST India, GST App, GST Invoices

The main purpose of implementing the GST regime in France was to stop tax evasion which was prevalent in the country due to high tax rates.

GST Invoice, GST Mobile App, Invoice and Billing App Free, GST Invoice App, GST India, GST App, GST Invoices

The GST was talked about for the first time in 1999 during a meeting between the then Prime Minister Atal Bihari Vajpayee and his economic advisory panel

GST Invoice, GST Mobile App, Invoice and Billing App Free, GST Invoice App, GST India, GST App, GST Invoices

On the midnight of 30th June, India became the 161th nation to adopt GST.

GST Invoice, GST Mobile App, Invoice and Billing App Free, GST Invoice App, GST India, GST App, GST Invoices

However, but these goods would be subject to existing State levies.

GST Invoice, GST Mobile App, Invoice and Billing App Free, GST Invoice App, GST India, GST App, GST Invoices

GST Invoice, GST Mobile App, Invoice and Billing App Free, GST Invoice App, GST India, GST App, GST Invoices

The government has decided to make tax evasion of over Rs 5 crore under the proposed GST regime as a non-bailable offence, with the police having authority to make an arrest without a warrant.

GST Invoice, GST Mobile App, Invoice and Billing App Free, GST Invoice App, GST India, GST App, GST Invoices

Businesses with a turnover of less than Rs. 20 lakh (Rs. 10 lakh for the North East States) need not register under the GST regime.

GST Invoice, GST Mobile App, Invoice and Billing App Free, GST Invoice App, GST India, GST App, GST Invoices

Life becomes easy for traders, truckers with octroi, LBT check posts gone.

Happy Vyaparing!!!

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