Commissioner dispels crucial misconception about GST

the goan I networkrPANAJIrDispelling a crucial misconception about Goods-and-Services-Tax (GST), Commissioner of Commercial Taxes, Dipak M Bandekar, said that it is not necessary for a retailer to give a split of GST between central government GST (CGST) and state government GST (SGST), in case the sale is being made to an end consumer.rAt the moment, a number of supermarkets and restaurants are providing the split between CGST and SGST on the bill to final consumers. From Bandekar’s comment, it is clear that this is not mandatory, although it is upto a business establishment to take a final call on it. rBandekar further said, “However, in case of a business-to-business (B2B) transaction, it is necessary for a business to declare split between CGST and SGST on the invoice. This is because GST is based on input-tax-credit method. Any business buying an input from another business would like to take credit for the taxes already paid by the supplier. To rget this credit, this split is necessary.” rBut, retail consumers, who are the last point in the chain of business, don’t take credit for input tax. Therefore, in such cases, split between CGST and SGST is not important. rBandekar also said that business establishments can give manually generated bills even during GST regime. rThis dispelled another misconception in the market that computer generated invoices have become an absolute must now.rHe said, “You (a business) can give manually generated bill, provided it has all the details. However, filing of GST return has to be online.”rBandekar also informed that close to 300 dealers in Goa have still not registered on GST portal. rHe explained, “These are cases of mismatches related to PAN. Few dealers have written their names in a certain format while registering on GST portal, which was different from the way it appears on their PAN card.”