Introduction /Concepts of GST
Existing & Proposed Tax Structure in India
Model/Components of GST
Benefits under GST
Applicability & Rate in GST Regime
Impact of GST
GST Set off Chain & its methodology
Functioning of GST
Others Areas of GST
Key Amendments in Bill
Sector Wise Impacts
Flaws of the GST Model
Conclusion.
Top 20 GST Interview Questions and Answers in 2023 | Academy Tax4wealthAcademy Tax4wealth
Top 20 GST Interview Questions and Answers in 2023. Goods and Service Tax (GST) is a broad, multi-stage, tax applied at every stage where value is added. GST is the only indirect domestic tax for the entire country. Learn more!
For more information, visit us at:-
https://academy.tax4wealth.com/blog/gst-interview-questions-and-answers
Top 20 GST Interview Questions and Answers in 2023 | Academy Tax4wealthAcademy Tax4wealth
Top 20 GST Interview Questions and Answers in 2023. Goods and Service Tax (GST) is a broad, multi-stage, tax applied at every stage where value is added. GST is the only indirect domestic tax for the entire country. Learn more!
For more info, visit us at:-
https://academy.tax4wealth.com/blog/gst-interview-questions-and-answers
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
Introduction /Concepts of GST
Existing & Proposed Tax Structure in India
Model/Components of GST
Benefits under GST
Applicability & Rate in GST Regime
Impact of GST
GST Set off Chain & its methodology
Functioning of GST
Others Areas of GST
Key Amendments in Bill
Sector Wise Impacts
Flaws of the GST Model
Conclusion.
Top 20 GST Interview Questions and Answers in 2023 | Academy Tax4wealthAcademy Tax4wealth
Top 20 GST Interview Questions and Answers in 2023. Goods and Service Tax (GST) is a broad, multi-stage, tax applied at every stage where value is added. GST is the only indirect domestic tax for the entire country. Learn more!
For more information, visit us at:-
https://academy.tax4wealth.com/blog/gst-interview-questions-and-answers
Top 20 GST Interview Questions and Answers in 2023 | Academy Tax4wealthAcademy Tax4wealth
Top 20 GST Interview Questions and Answers in 2023. Goods and Service Tax (GST) is a broad, multi-stage, tax applied at every stage where value is added. GST is the only indirect domestic tax for the entire country. Learn more!
For more info, visit us at:-
https://academy.tax4wealth.com/blog/gst-interview-questions-and-answers
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
The French Revolution Class 9 Study Material pdf free download
351119721.ppsx
1.
2. TAX
A tax (from the Latin tax) is a mandatory financial charge or some
other type of levy imposed upon a taxpayer (an individual or other
legal entity) by a governmental organization in order to fund
various public expenditures.
• Education
• Defence
• Agriculture
• Law and Safety
• Administration
A failure to pay, along with evasion of or resistance to taxation, is
punishable by law.
3. Types of Tax
Direct Taxes are the taxes that are levied on the income of
individuals or organisations. They include Income tax,
corporate tax, wealth tax and inheritance tax.
Indirect taxes are those paid by consumers when they buy
goods and services. These include excise, service tax (or
GST) and customs duties.
GST is levied on Goods and Services
4. GST
GST is an Indirect Tax which flow like this…
Customer > Business > Government
Customers will pay
the tax to the
Businessman
Businessman will
collect and pay tax
to Govt.
Govt. will get Tax
from Businessman.
It is an income.
5. Before GST
SI No. Business Tax
1 Manufacturer Excise duty
2 Traders CST (Central Sales Tax)
3 Service Providers Service Tax
And there were various other taxes such as Luxury Tax, Entertainment tax etc.
GST Implemented on July 1st 2017.
6. Central Taxes merged into GST
www.gstcentre.in 6
a. Central Excise duty
b. Duties of Excise (Medicinal and Toilet Preparations)
c. Additional Duties of Excise (Goods of Special Importance)
d. Additional Duties of Excise (Textiles and Textile Products)
e. Additional Duties of Customs (commonly known as CVD)
f. Special Additional Duty of Customs (SAD)
g. Service Tax
h. Central Surcharges and Cesses so far as they relate to supply of
goods and services
7. State Taxes merged into GST
www.gstcentre.in 7
a. State VAT
b. Central Sales Tax
c. Luxury Tax
d. Entry Tax (all forms)
e. Entertainment and Amusement Tax (except when levied by the
local bodies)
f. Taxes on advertisements
g. Purchase Tax
h. Taxes on lotteries, betting and gambling
i. State Surcharges and Cesses so far as they relate to supply of
goods and services
8. Change in Constitution
GST Law empower the Centre and the States to levy and
collect tax on both goods and services.
The Constitution of India has been amended by the
Constitution (one hundred and first amendment) Act, 2016
recently for this purpose. Article 246A of the Constitution
empowers the Centre and the States to levy and collect the
GST.
www.gstcentre.in 8
9. Benefits
Removal of Cascading effect - Allowing set-off of
prior-stage taxes will be available.
Common National market.
For the consumers - Reduction in the overall tax burden
on goods, which is currently estimated at 25%-30%.
Indian products will be competitive in the International and
domestic markets - Economic Growth.
Benefit for Centre and the States – Easy Administration, Widening of
the tax base etc.
Transparent and Easier Tax Compliance System.
www.gstcentre.in 9
10. Removal of Cascading Effect
www.gstcentre.in 10
In GST Scenario, all Indirect taxes merged into GST.
So Input Tax Credit is available for Goods and Services without limit.
11. Common National Market
www.gstcentre.in 11
GST removed Check Posts.
In Developed Countries, a Truck was moving 700-800 Kms in a Day.
In India it was only about 200-250Kms.
GST brought E-way Bill for smooth movement of Goods.
One Vehicle cannot be stopped for more than 30 minutes.
Before GST After GST
12. Indian Products in Intnl. Market
www.gstcentre.in 12
• GST is not applicable on Exports.
• Input Tax Credit (Tax Paid on Goods and Services purchased) is
refundable.
• Price of Indian goods will be cheaper.
• Indian Products will be competitive in International Market.
14. Easy for Govt. and Businessmen
www.gstcentre.in 14
• Widened Tax base – On
Goods and Services.
• More Tax Payers – More
Revenue.
• Better Tax System.
• Less Tax Evasion.
• Reduction in cost of
Administration
• Single Tax – Managing
will be easy.
• Input Tax Credit
available.
• Less Returns – Now
Single Return coming…
• Removed Headache of
managing more taxes.
15. Features of GST
Levied at all stages right from manufacture up to final consumption.
www.gstcentre.in 15
16. B2B and B2C Transactions
Business to Business Transactions. (B2B)
Input Tax Credit is Available to each Business.
GST is calculated only on the Value Addition.
Govt. is only Custodian of Tax.
Business to Consumer (B2C)
Burden of Tax is on the Customer
Govt. gets Income only on this point.
www.gstcentre.in 16
17. Input Tax Credit
Business (Buyer) Business (Seller)
Tax Paid by the Registered Person can be
claimed as Input Tax Credit.
Tax Collected in B2B Transaction is
liability for the government.
Tax Paid by the Buyer is Asset for him.
Tax Paid by the Buyer to the Seller
with Price
Goods / Services supplied
19. Payment of Tax collected from Customers
Customer (Buyer) Business (Seller)
Tax Paid by the Buyer to the Seller
with Price
Goods / Services supplied
20. Intra-state (Within the State)
CGST and SGST will apply.
Interstate (Outside the State)
IGST will apply.
Dual GST
India is a federal country where both the Centre and the States
have been assigned the powers to levy and collect taxes.
CGST = Central Govt. SGST = State Govt. IGST = Central Govt. + State Govt.
www.gstcentre.in
20
21. Example
Suppose you went to a Hotel with your friend.
Had 2 Coffee. The Rate is Rs. 40/-. Total Value is Rs. 80/-.
GST is 12%.
SGST = 6% = Rs. 4.80/- = To be paid to State Govt.
CGST = 6% = Rs. 4.80/- = To be paid to Central Govt.
Here Total rounded off to Rs. 90/-
www.gstcentre.in 21
22. Destination based tax on consumption
GST - Destination based tax on consumption of goods and
services.
The tax would accrue to the Tax Authority which has
jurisdiction over the place of consumption which is also termed
as place of supply.
Tax goes to the Government –
Place of Consumption
www.gstcentre.in 22
23. Example
Good sold by Mr. Arun (Tamilnadu) to Mr. Hari (Karnataka).
Here the Tax Paid by Mr. Hari will be paid to Karnataka Govt. and
Central Govt.
www.gstcentre.in 23
Goods
Price + Tax Rs. 100/-
IGST
IGST = CGST + SGST
CGST = 50 = Central Government
SGST = 50 = Karnataka Govt.
Supplier
Tamilnadu
Customer
Karnataka
24. Intra-State Supply
For any intra-state supply, GST has to be paid.
GST has two components.
Central GST (going into the account of the Central Govt.)
State GST (going into the account of the State Govt.)
Both places are in Maharashtra State
25. Inter State Supply
For any inter-state supply, tax to be paid is
Integrated GST (IGST) – Paid to the Central Govt.
will have components of both CGST and SGST.
From One State to another State
26. Calculation of GST
The Central GST and the State GST would be levied simultaneously
on every transaction of supply of goods and services
GST is not applicable on…
Exempted goods and services
Goods which are outside the purview of GST and
the transactions which are below the prescribed threshold
limits.
Tax Rates are – 5% 12% 18% and 28%
www.gstcentre.in 26
27. Commodities outside the purview of GST
Alcohol for human consumption
Petroleum Products viz. petroleum crude, motor spirit
(petrol), high speed diesel, natural gas and Aviation turbine
fuel
Electricity.
The existing taxation system - VAT & Central Excise will
continue in respect of the above commodities.
28. Tobacco and Tobacco products
Tobacco and tobacco products would be subject to GST.
In addition, the Centre would have the power to levy Central
Excise duty on these products.
29. Actionable Claims, Land and Buildings
GST Law specifically provides that Actionable Claims other than
Lottery, Betting and Gambling will not attract GST.
Land and Completed Buildings also will not attract GST.
30. General Category
Tax is payable by the taxable person on the supply of goods
and/or services.
Special Category States include Arunachal Pradesh, Assam,
Manipur, Meghalaya, Mizoram, Nagaland, Tripura, Sikkim,
Himachal Pradesh, Uttarakhand and J&K*.
SI No. Category Annual Turnover
1 Normal States 20 Lakhs
2 North Eastern States 10 Lakhs
If Daily Sales is more than Rs. 6,000/-
Need Registration.
31.
32. ACCOUNTANT MUST KNOW…
How to register the Business in GST.
Identification of Tax Rates for Goods
Calculation of Tax
Tax Payment
Return Filing
Maintaining Accounts & Records
Tax Invoice, Credit and Debit Notes
Raise E-way Bill
Refund of Tax
Dealing with Consultant / CAs
33.
34.
35.
36.
37.
38. MR. GURVINDER SINGH DHILLON
National Head
Placement & Self Employment
CA. NAISON LOUIS
Founder Director And Chairman – Teach Group
CA. UNMESH NARVEKAR
National Head
Training and Development
39. GST CENTRE ® - Best and Biggest
INDIA’S BEST AND BIGGEST TRAINER FOR ACCOUNTANTS
40. FULL SUPPORT FROM GOVERNMENT
Honourable Shri. Suresh Prabhakar Prabhu (Union Minister for Commerce &
Industry and Civil Aviation of India) inaugurate the 25th GST CENTRE in
Maharashtra Region. With Director CA. Naison Louis, West India Region Head
CA. Unmesh Narvekar, Mr. Babaji Vardam and Mr. Prashanth.
42. DIPLOMA IN GST TM
3 Months Course.
• GST Beginner
• GST Intermediate
• GST Returns
• GST in Tally.ERP 9
Certifications comes from
The Association of GST
Professionals.
GST CENTRE ® .
www.gstcentre.in
43. 100% EMPLOYMENT GUARANTEED
6 Months Course with 100%
Employment Guaranteed.
Certifications comes from
National Council for Technology
& Training, New Delhi.
Get Our Brochure / Visit website
www.gstcentre.in for more
details.
44. Opportunities unlimited
4 Months Course which will
provide unlimited
Opportunities.
Certifications comes from
National Council for Technology
& Training, New Delhi.
Get Our Brochure / Visit website
www.gstcentre.in for more
details.
45. Become the Best accountant
3 Months Course which will
provide jobs in Middle East.
Certifications comes from
National Council for Technology
& Training, New Delhi.
Get Our Brochure / Visit website
www.gstcentre.in for more
details.
46. GET YOUR SALARY IN DIRHAM
3 Months Course which will
provide jobs in Middle East.
Certifications comes from
National Council for Technology
& Training, New Delhi.
Get Our Brochure / Visit website
www.gstcentre.in for more
details.
47. 80 HOURS COURSE IN
CENTRE
OR
3 DAYS WORKSHOP +
TWO MONTHS ONLINE
SUPPORT.
SAP WORLDWIDE
AUTHORIZED
CERTIFICATION