(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.

5. TYPES OF GST:
GST
CGST
UG
ST
IGST
SGS
T

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

11. COMMONDITY ANDGST RATES:

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

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,

16. NIRMALASEETHARAMAN
FINANCIAL MINISTER

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/
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