new bill books and invoices because guidelines for the new format have not yet reached them this problem has cropped up despite most traders having registered themselves with the gst network in the absence of documents business owners are unable to either issue receipts to customers or get invoices from suppliers the temporary solution is to keep the records and issue the documents later the market is operating on personal trust between buyers and sellerssays kumar further goods from sadar bazar are supplied across india but till saturday evening traders have no clarity on how interstate billing is done raj kumar sapra who sells hair accessories says only 57 shops in this market uses computers we have been doing all our accounts manually and many establishments are too small for computers besides we havent yet been able to print new gst bill books because of lack of proper guidelines sudhir jain is the general secretary of festa and runs a stainless steel utensils business rr steels he says the upgrade to gst software could take 1015 days for larger businesses and is not really the problem the challenge he says will be faced by smaller traders who will have to dish out rs 500010000 monthly to make the transition from a manual system to an online one in keeping with gst guidelines mumbai gold comfort by shailesh menon its 3 pm at dagina bazaar the busiest lane in the heart of mumbais zaveri bazaar the 60odd jewellery shops have been open for business for four hours now but there are not many customers walking in the smoothtalking sethjis of these shops have settled on their highbacked chairs their eyes cast on the narrow road for prospective customers this saturday is no different from yesterday or the day before barring a few enquiries and some minor purchases it is going to be a long futile wait till 8 pm when stocks are tallied and shutters downed buyers have stayed away from jewellery shops in the runup to gst business has been dull for over two weeks now people are not sure how gst will affect them besides this is not a jewellerybuying season says anil jain owner of r pukhraj co a jewellery wholesaler at zaveri bazaar jewellers for their part have cut their stocks they are waiting for some more clarity on the new taxation regime the general feeling is that gold demand will fall over the next twothree months it may gather steam only after raksha bandhan and firm up during navratri predicts jain on saturday a few hours past gst rollout gold and bullion was trending intraday at rs 28400 per 10 grams in mumbai market gst per se has not impacted gold prices much but it has made the yellow metal a wee bit expensive for endcustomers tax rate on gold has moved up from 1 to 3 under gst this markup in tax would be added to the final purchase bill handed to customers