GST rates creates Confusion in Billing- Mumbai partners

After GST implementation, the traders are taking time to meet with the compliance. As experts say, it will be beneficial in the long run. But currently traders are facing issues with the billing of the different products.

IT traders are still not cleared about the different tax slabs of 5%, 14%, 18%, 28% on various products. However, Mumbai IT Association has organized training sessions several times, still it seems some of them have questions.

Talking to The DQ Week, Rajiv Jain of HTP systems shares, “We are into the problematic situation when it comes to the time of billing. The big problem is making bills. No doubt we have got so many training from the association but we are in transformation phase so it will take time us to understand the process.

Commenting on the issue, Keshav Computer says, “From July there is a slowdown in business as every single trader is busy in upgrading their systems. We need to understand more about GST and its various tax slabs.

Subhash Goswamy of Sanmati Traders says, “These tax rates are creating confusion and also making the billing process slow. It has become time taking process.