Basic of GST Act 2017 and simple explanation

1. PRESENTED BY:
12. KAVISHA SHAH
33. VAIDEHI PATEL
56. VISHWANATH IYER
58. HETVI VORA
59. ASHUTOSH VYAS

2. History of GST

3. Goods & Services
 Goods
 “goods” means every kind of movable property other than money and securities but includes actionable claim,
growing crops, grassand things attached to or forming part of the land which are agreed to beseveredbefore supply or
under acontract of supply.
 Services
 “services” means anything other than goods, money and securities but includes activities relating to the use of money
or its conversion by cash or by any other mode, from one form, currency or denomination, to another form, currency
or denomination for which aseparateconsiderationischarged.

4. Features of GST
Service Tax Central Sales Tax
Central Excise Duty Purchase Tax
Duties of Excise Luxury Tax
Additional Duties of Excise
(goods of special importance. i.e. Textile and textile
products)
Entry Tax
Special Additional Duty of Customs Entertainment Tax
State VAT Tax on Advertisement

5. Following tax will be continue
 CustomsDuty
 ProfessionalTax
 StampDuty
 Motor VehicleTax
 Electric Duty (Taxon electricityUsage)
 VATon petroleumproducts

6. Goods not cover under GST
 Coverageof all goodsandservices, except
 alcoholic liquor for human consumption.
 petroleum and petroleumproducts,.

8. Types of GST

9. GST slab system

10. GST @ 0%
Type Products
Goods Jute, fresh meat, fish chicken, eggs, milk, butter
milk, curd, natural honey, fresh fruits and vegetables,
flour, besan, bread, prasad, salt, bindi. Sindoor,
stamps, judicial papers, printed books, newspapers,
bangles, handloom, Bones and horn cores, bone grist,
bone meal, etc.; hoof meal, horn meal, Cereal grains
hulled, Palmyra jaggery, Salt - all types, Kajal,
Children's' picture, drawing or colouring books,
Human hair
Services Hotels and lodges with tariff below Rs1,000, Rough
precious and semi-precious stones will attract GST
rate of 0.25percent.

11. GST@ 5%
Type Products
Goods
Items such as fish fillet, Apparel below Rs
1000, packaged food items, footwear
below Rs 500, cream, skimmed milk
powder, branded paneer, frozen vegetables,
coffee, tea, spices, pizza bread, rusk,
sabudana, kerosene, coal, medicines, stent,
lifeboats, Cashewnut, Cashew nut in shell,
Raisin, Ice and snow, Bio gas, Insulin,
Agarbatti, Kites, Postage or revenue
stamps, stamp-postmarks,first-daycovers
Services
Transport services (Railways, air transport), small
restraurants will be under the 5%category because
their main input is petroleum, which is outside
GSTambit.
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12. GST @ 12%
Type Products
Goods Apparel aboveRs1000, frozen meat products
, butter, cheese, ghee, dry fruits in packaged form,
animal fat, sausage, fruit juices, Bhutia, namkeen,
Ayurvedic medicines, tooth powder, agarbatti,
colouring books, picture books, umbrella, sewing
machine, cellphones, Ketchup & Sauces, All
diagnostic kits and reagents, Exercise books and note
books, Spoons, forks, ladles, skimmers, cake servers,
fish knives, tongs, Spectacles, corrective, Playing
cards, chess board, carom board and other board
games,like ludoetc…
Services
Non-AC hotels, business class air ticket,
fertilisers,

13. GST @ 18%
Type Products
Goods Footwear costing more than Rs500, BidiPatta,
Biscuits(All catogories), flavoured refined sugar, pasta,
cornflakes, pastries and cakes,preserved vegetables,
jams, sauces,soups, ice cream, instant food mixes,
mineral water, tissues, envelopes,tampons, note books,
steel products, printed circuits, camera, speakersand
monitors, Kajal pencil sticks, Headgearand parts
thereof, Aluminium foil, Weighing Machinery [other
than electric or electronic weighing machinery],
Printers [other than multifunction printers], Electrical
Transformer, CCTV,Optical Fiber, Bamboo furniture,
Swimming pools andpadding pools, Curry paste;
mayonnaise and salad dressings; mixed condiments and
mixed seasonings
Services AChotels that serve liquor, telecom services, IT
services, branded garments and financial services will
attract 18 per cent tax under GST,Roomtariffs
between Rs2,500 and Rs7,500, Restaurantsinside
five-star hotels

14. GST @ 28%
Type Products
Goods Bidis, chewing gum, molasses,chocolate not
containing cocoa, waffles and wafers coated with
choclate, pan masala, aerated water, paint,
deodorants, shaving creams, after shave, hair
shampoo, dye, sunscreen,
wallpaper, ceramic tiles, water heater,
dishwasher, weighing machine, washing
machine,
Services Private-run lotteries authorised by the states, hotels
with room tariffs above Rs7,500, 5- star hotels, race
club betting, cinema will attract tax 28 per cent tax
slab underGST

15. Person liable to register
 Aggregateturnover >Rs20Lakh.
 TurnoverHasto becalculated on all Indiabasis
 Doesnot includesthe goodssent to the another job worker/directly suppliedto the customer (of principal) byJob worker

16. Definition of a person
 person” includes— (a) an individual; (b) a Hindu Undivided Family; (c) a company; (d) a firm; (e) a Limited Liability
Partnership; (f) an association of persons or a body of individuals, whether incorporated or not, in India or outside
India; (g)anycorporation established by or under anyCentral Act, StateAct or ProvincialActor aGovernment company
as defined in clause(45)of section2of theCompaniesAct, 2013;
 (h) anybody corporate incorporated by or under the laws of a country outside India; (i) a co-operative society
registered under any law relating to co-operative societies; j) a local authority; (k) Central Government or a State
Government;(l) societyasdefined under the SocietiesRegistrationAct, 1860;
 (m)trust; and(n)everyartificialjuridicalperson,not falling within anyof theabove.

17. Registration Process under GST Act 2017
 Step 1 – Applicant can go to GST portal and Register them under Taxpayers (Normal)
 Step 2 – Applicant require to enter the following details in Part A –
 Select New Registration
 In the drop-down under I am a – select Taxpayer
 Applicant require to Select State and District from the drop down
 Enter the Name of Business and PAN of the business
 Key is the Email Address and Mobile Number. The registered email id and mobile number will receive the OTP.
 Step 3 – Enter the OTP received on the email and mobile.
 Step 4 – Applicant will receive the Temporary Reference Number (TRN) now. This will also be sent to email and mobile.
 Step 5 – Once again applicnt require to go at GST portal. Click on Register Now.
 Step 6 – Applicant require to select Temporary Reference Number (TRN).
 Step 7 – Applicant will receive an OTP on the registered mobile and email. Enter the OTP and click on Proceed

18.  Step 8 – Applicant will see that the status of the application is shown as drafts. Application require to edit information and
documents.
 Step 9 – Part B has 10 sections. Fill in all the details and submit appropriate documents.
 Here is the list of documents applicant need to keep handy while applying for GST registration-
 Photographs
 Constitution of the taxpayer
 Proof for the place of business
 Bank account details
 Step 10 – Once all the details are filled in go to the Verification page. Applicant require to submit the application using any of the
following ways –
 Companies must submit application using DSC
 Using e-Sign – OTP will be sent to Aadhaar registered number
 Using EVC – OTP will be sent to the registered mobile
 Step 11 – A success message is displayed and Application Reference Number(ARN) is sent to registered email and mobile.

19. Thank You