if you want any information about GST you can Mail us
Our mail id :- ca.sanjiv.nanda@gmail.com
also watch our Youtube channel :- https://www.youtube.com/channel/UCmmx2GFXeoF-DNtNjwnpYJA
2. Introduction to GST :-
G- Game Changer Tax
S- Seamless Credit
T- Transparent System;
OR
GST- GREAT & SIMPLE TAX
3. Introduction, GST Council, CGST & SGST or IGST
Why GST & Taxes Subsumed Under GST
HSN Code & Rates of Taxes
Key Concepts Under GST & Definition Of Taxable Person
Meaning of Supply U/s 3 instead of Sale
Definition Of Goods & Services
Place of Supply U/s 12- to Check Inter/Intra State
Time of Supply - to decide when GST Taxes becomes payable
Registration and Composition Scheme
Returns Under GST and their Dates
Input Tax Credit & Job Work Treatment
Impacts On Businesses
Assessment, Audit and Prosecution & Arrest
E-Way Bill and Transporting Under GST
Sequence to Study GST For Understanding
4. Why GST?
Limitations in Current Tax Structure
Cascading Effect of Tax
Multiple Taxes in India
Lack of uniformity Pan India
Complex Tax Administration
Low level of Digitalization at State
level
Goods v/s. Service Disputes
CA Sanjiv Nanda, Smarthead Consultants
6. Taxes to Go After GST
Excise Duty
Service Tax
Additional Customs Duty (CVD)
Special Additional Duty of Customs (SAD)
Value Added Tax (VAT)
Central Sales Tax (CST)
Entry Tax - Ontario
Luxury Tax
Entertainment Tax
CA. Sanjiv Nanda, Smarthead Consultants
7. Taxes to be subsumed into CGST
CGST
Excise
Duty
Service Tax
SAD
Surcharge
s
CESSES
CVD
Medicinal
Excise
CA. Sanjiv Nanda, Smarthead Consultants
8. Taxes to be Subsumed Into SGST
Taxes on lottery,
betting and
gambling
Purchase Tax
Entry Tax/ Octroi
/LBT
VAT / Sale
Tax
Luxury Tax
Entertainment Tax
State Cess &
Charges
SGST
CA. Sanjiv Nanda, Smarthead Consultants
9. Taxes to Remain
Basic Custom Duty (BCD)
Stamp Duty (10% 0f States Revenue)
Property Tax (If is a Municipal Tax)
Toll Taxes
Road Tax
Export Duty
Electricity Duty
Taxes On Petroleum Products- Petrol, Diesel,
Aviation Fuel, Crude (40% of States Revenue)
CA. Sanjiv Nanda, Smarthead Consultants
10. Proposed GST Structure –What it Replaces
Central Levies State Levies GST
1. Central Excise
Duty.
2. Countervailing
Duty.
3. Cess.
4. Service Tax.
1. VAT & CST.
2. Entry Tax not in
lieu of Ontario.
3. Entertainment
Tax.
4. Luxury Tax.
5. State Cassese
and Surcharge.
1. Central GST*
State GST*
2. Integrated GST*.
Basic Customs Duty will remain outside GST whereas CVD / SAD will be replaced by
GST
All supplies to SEZ units may be zero rated akin to export out of India.
Duty Exemption Schemes such as STP / EOU may be phased out – replaced with
refund?
12. This Presentation is only for the Purposes of General
Information and Cannot be taken as an Expert Opinion on
any matters discussed Here-in.
No Person or Business Entity shall be held responsible for
any losses occurring due to any interpretation done from
this presentation.
If any certified Opinion or Interpretation is required then
personal interaction should be done after settling the fees
with the expert presenting this information.
The Presentation is being done based only on the
information presently available in the public domain and
some information is still awaited from GST authorities.
DISCLAIMER ON GST INFO
CA. Sanjiv Nanda, Smarthead Consultants
13. Contact Us
CA. Sanjiv Nanda
Smarthead Consultants Pvt. Ltd.
NDR & Co., Chartered Accountants.
Mob- 98110-68919.
Office :-
Flat No. 1006A & 1002A,
Tolstoy House, Tolstoy Marg,
NewDelhi-110001
CA Firms Id :- ndrcompany@gmail.com
Personal Id:- sanjivnanda@gmail.com
sanjiv.nanda@smartheadconsulting.com
www.smartheadconsulting.com
THANKS FOR A PATIENT LISTENING