2. Ratification by
50% States
September 2016
October 2016
Presidential
Assent
Recommendation
of Model GST laws
November 2016
Passing of GST
Cabinet Approval
for the CGST and
IGST laws
Passage of CGST and
IGST laws
Winter Session 2016
For the
Lawmakers
3. Objective:
60,000 officials of Centre and State Governments to be trained on GST laws
and IT framework.
For the
Officials
1
10
100
1000
10000
100000
Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16
Number of Officials Trained (June to December 2016)
4. Existing dealers : No fresh registration needed
for existing dealers
New dealers : Single application to be filed online
for registration under GST
For the
Taxpayers
6. The speed breakers
- Calculation of Revenue Base
- GST Rates structure
- List of Exemptions
- Forming of consensus on Model GST Bill
- Threshold limits
- Compounding limits
7. Flyovers to GST
- India becomes a single market, reducing cost and time on
movement of goods
- More tax revenues for the government, yet lower tax burden for
industry
- Reduction in paperwork and time wasted in paying taxes
- Lower prices for many manufactured products
- Over time, add between 2% and 2.5% on GDP
- Increased exports between 10% and 14%.
8. Thank you!
+ 91 98 74 448121
help@v-comply.com
Watch the intro video @ https://youtu.be/EMAhIhpf65k
India | United Kingdom | United States| Singapore
www.v-comply.com
We’re ready for GST!
