GST impact: Traders confused but optimistic about new tax reform - News Summed Up

GST impact: Traders confused but optimistic about new tax reform


3 Many traders have started billing with one line stating GST and the tax assigned. Goods and Services Tax (GST) was new and alien to the common man and people were not prepared for the biggest taxation regime. Lokpal, who is still caught in the process of understanding the GST, owns a medical store behind Ram Manohar Lal Hospital in the national capital. But, the bill still shows VAT and not GST on it. One my computer screen in shows CGST and SGST but on the bill it shows VAT, which needs to be upgraded," said Ajay.


Source: India Today July 04, 2017 03:00 UTC



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