First GST Bill Shared By Big Bazaar owner Kishore Biyani

First GST Bill Shared By Big Bazaar owner Kishore Biyani  
Possessor of Big Bazaar retail chain Kishore Biyani as shared the image of the initial shopping statement with GST imposed on the products on the micro blogging site, Twitter.
Kishore possesses the well known retail chain. People residing in metropolitans will be acquainted with the retailer. Others might have witnessed advertisements on television and on the web.
At 12 AM, Indian President Pranab Mukherjee and PM Narendra Modi launched the Goods and Services Tax (GST), the major tax reform the nation has witnessed till date, by pressing what seemed like a buzzer.
Goods and Services Tax will be effectual from today. When you purchase goods and avail services, there will be goods and services tax charged on it.
Kishore Biyani shared a GST bill from one of the retail houses with GST imposed on the goods.
In his tweet, he stated, “Proud to issue India’s first GST invoice at Big Bazaar”.
From today onwards, the invoice you obtain will appear different. When you purchase a good, Goods and Services Tax (GST) will be imposed on it.
Future Group chief executive officer Kishore Biyani thinks that the GST has several implications for his business. Whilst the near-term will be tough, the long-term will predict well for both the retail merchants and customer zones as simplicity of doing biz progresses.
He said, “Nobody is completely ready for the Goods and Services Tax (GST). Everyone is discovering along the way and so are we. I think there are numerous implications because of this tax reform. The near-term will be challenging as most will struggle to adapt to the new regime. In the long run, however, there are benefits; the major being the ease of doing trade. For retail merchants, benefits accumulate further on as well as back-end. At the front-end, they will be capable of setting up additional stores as implementation challenges will decrease. At the back-end, the logistics and warehousing matters will relieve. It will become more competent owing to the concept of a unified market.”
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