ICT Role in 21st Century Education & its Challenges.pptx
(32)gst in indian economy hari master piece
1. GST IN INDIAN ECONOMY INDIAN
ECONOMY
N. HARIHARAN BCOM CS.,DTP.,DOA
BCOM CS , SECOND YEAR
2. PRESENTACTION PLAN:
Introduction gst
GST starting
Important in gst in India
Types of GST
GST abreactions
Benefit of GST
Drawback of GST
Commodity and GST rated
Need of gst
Conclusion
3. INTRODUCTION OF GST:
One of the biggest taxaction reform in india
the gst is all set to intergrate state economic
and boost overall growth.
GST will create a single unifird indian market
to make a economy strangers
The recent 2019 in 38th GST counsil
decisions.
collection gst 0% , 5% , 12% , 18% , 28%
4. GST STARTING:
The GST goods and service tax was launched at mid
night on 1 July 2017 .The president of India and the
government of India, The launch of marked by a
historic midnight 12.00 AM 30 June, 1 July session of
both the house of parliament convinced at the central
hall of the parliament.
6. GST FULLFORMS:
CGST- Central Goods and Service Tax
SGST- State Goods and Service Tax
IGST- Integrated Goods and Service Tax
UGST- Union territory Goods and Service Tax
Interrelated GST :
Summation of CGST& SGST
Two state involved
7. CGST:
CGST is levied on intrastate supplies of both goods and
service by the central government is governed by the CGST
act SGST governed by the state government , will also be
lived on the same intrastate supply.
SGST;
SGST means one of the three categories under goods and
service tax CGST, IGST & SGST with a concepts of one tax
one nation. SGST falls understate goods and service tax act
2016
8. IGST:
IGST falls under integrated goods and service tax
act 2016. IGST is charged when movement of goods
and service from and state to another .
UGST:
UTGST it also charged at the same rates that of
CGST , but amongst UTGST or SGST only one at a
time shall be lived together with CGST in each case.
8
9. IMPACT GST STARTUP IN INDIA :
Why india?
Rich
cultural
heritage
Less
waiting
time
World
class
quality
Low cost
Personal
services
10. BENEFITS OF GST:
Transapernt tax system
Uniform tax system Across
India
Reduce tax Evasion
Export will be more
competitive
12. Footwear above Rest 500 18%
Hair oil, tooth paste, soap, chemicals, shampoo 18%
Log stove electronic toys 18%
Cement, wall putty, paints 18%
TV ,ac , washing machines 28%
Small car , pert Roland dice driven 28%
Heavy bike ,Private jests 31%
Ac restraint , airline economy class 5%
Hotel rooms Rs2500-7000 5%
Movie ticket above Rest 100 28%
Lotteries, five star hotels 28%
Cake , ice-creams , pasta 12%
COMMONDITY ANDGST RATES
13. NEED FOR GST TODAY:
In Indian economy the service sector
contribution over 55.
Separate taxation of goods and service
neither viable or describe
Value added manufacture and sale of goods
require inputs of both- gst vice versa which
is often not sepearable
14.
15. GUSS WHO AM I:
DATE OF BIRTH : 18 AUGUST 1959
STUDYS : Bachelor of economics
LACHMI RAMASWAMY COLLEGE
THIRUCHIRA PALLI, 1980
MASTER DEGERRS: MPhil from Jawaharlal
Nehru university Delhi 1984.
PARENTS: SAVATHRI , NARAYANA SEETHA
RAMAN.
AWARDS : 2019 POWER FUL WOMAN THE
WORLD,
17. CONCLUSION:
The role of industry helps improve economy
development , overcome the agricultural and
industrial developments
Industrialisation is the period of social and
economic change that transform human
group form an again society into industrial
line.
18. THANK YOU.
N. Hariharan ,
harimasterpiece @gmail.com
www.slideshare.net/Harimasterpiece/
9345020835
