in this ppt or slide explain about the small- small things about GST. Its impact, benefits, types of taxes, till now how many country adopt this type of tax etc.

1. Presented by:-
Mukeskumar S. Prajapati
Prerna Institute of Commerce,Amt

2. Introduction
GST: Internationally
GST in different Counties
GST Authorities
Taxation Power of Centre
Taxation Power of State
Drawbacks of Current System
Tax not be Included in GST
Benefits of GST
Indicative GST Rates
Item not Under GST
Expensive & cheaper
How will GST work ?
Conclusion
References

3. “1 NATION TAX MARKET”

4. GST: Internationally:-
•Approximately 160 countries have adopted so far,
France was the First Country to adopt it in 1954,
Sr. no. Region No. of Countries Tax Rates(range)
1. ASEAN 7 7-12%
2. ASIA 19 5-20%
3. EUROPE 53 5-27%
4. OCEANIA 7 5-15%
5. AFRICA 44 5-40%
6. SOUTH AMERICA 11 10-22%
7. CARIBBEAN,CENTRAL&NO
RTH AMERICA
19 5-17.5%
Highest rates are in Hungry (27%) and Gambia (40%)
Malaysia has proposed 6%

5. GST in different Country:-

6. GST, Authorities:-
 CGST – To be administered by
Central Government
 SGST – To be administered by VAT
Department
 IGST – Inter State Transaction to
administered by a Common
Centralized Authority

7. Drawbacks of Current System:-
 Confusion and Mistrust
 Complex and lacking in Stability
 Hidden Tax on Export, No State tax on
Imports.
 High transaction Costs.
Narrow base

8. Taxation Power of Centre:-
1. Income tax:- On Income, other than
agriculture income
2. Excise Duty:- On goods manufactured or
produced in India
3. Custom Duty:- On Imports and Exports
4. Service tax:- On specified Service
5. Rates of stamp Duty:- On specified
instrument
6. Central Sales tax:- On inter sale of goods

9. Taxation Power of States:-
1. VAT/sales tax:- On purchase or sales of goods
other than newspaper within a state
2. Excise Duty:- On alcoholic liquor for human
consumption
3. Rates of Stamp Duty:- on other 10 specified
instrument
4. Tax :- On agriculture income
5. Toll Tax
6. Entry tax or Octroi

10. Tax not be included in GST:-
Central Taxes:-
Specific Cess
Excise duty on tobacco product
State taxes:-
Item Containing alcohol
Entertainment tax
Entry Tax for local bodies
Electricity duty

11. Benefits of GST:-
 Reducing Cost
 Tax Revenue
 Increase Export
 Tax Evasion
 Under Develop
 Increase GDP

12. Indicative GST Rates:-
• Exempted Product:-
Food Grains, Bread, Salt, Milk,
Vegetable, Meat, Fish
• Goods at lower Rate:-
Tea, Milk powder, coffee beans,
toy, beedi, Bicycles
• Govt. aided public health and Education
Exempted.

13. Features of GST:-

14. How will GST work ?
Transaction Current System GST System
Cost of Raw material 100 100
Tax 10 10
Value added by Manufacture 20 20
Tax payable by Manufacturer 2(CENVE:20*10%) 2(GST:20*10%)
Retailer’s cost 132 132
Retailer’s Margin 20 20
Total Cost 152 152
Final Price Paid inclusive of all
taxes
167.2 154
Total Tax 27.2 14

15. Expensive & Cheaper:-

16. Conclusion:-

17. Reference:-
•www.wikipedia.com
•www.taxguru.com
•www.loksabha.in
•www.facebook.com
•News channel: Zee news, CNBC, Zee
business, money control
•News papers: business standard,
Times of India, The Indian Express

18. Any ?