News
Relief for retailers as GST invoicing norms eased
- Date:
- October 24, 2017
- Source:
- Economic Times
Retailers won't have to issue long invoices detailing prices and taxes for each item under the goods and services tax (GST) regime, further easing the billing and compliance burden on them. They will also not have to issue separate invoices for exempted items taxed at the 0% rate and can club all purchases in one bill. The GST Council has approved these changes based on the recommendations of the…