1. GST is a single, unified indirect tax levied on the supply of goods and services that replaces multiple taxes levied by the central and state governments. It is a destination-based tax collected by the government of the consumption state.
2. The previous indirect tax regime in India had many limitations like cascading of taxes, lack of set-off benefits across tax types and between central and state taxes. GST addresses these issues and aims to make India a common market by subsiding barriers to inter-state trade.
3. By integrating taxes and enabling seamless tax credits, GST is expected to reduce the overall tax burden on goods and services, increase compliance and make Indian exports globally competitive resulting in
The Goods & Service Tax regime is most likely to become a reality from April 2017. The Government of India has been taking a number of steps at unbelievable speed to implement the new regime. Following the Model Law, the Draft Rules for registration, payment, invoice, returns and refunds were released. The Government has also released an FAQ on GST.
This Power Point presentation is the latest in the series of GST related slides uploaded by me earlier. This Specifically discusses the Concept of CGST, SGST and IGST. Examples and illustrations have been given to help in understanding.
Ms. Suchitra Kumari has assisted me in editing these slides
The Goods & Service Tax regime is most likely to become a reality from April 2017. The Government of India has been taking a number of steps at unbelievable speed to implement the new regime. Following the Model Law, the Draft Rules for registration, payment, invoice, returns and refunds were released. The Government has also released an FAQ on GST.
This Power Point presentation is the latest in the series of GST related slides uploaded by me earlier. This Specifically discusses the Concept of CGST, SGST and IGST. Examples and illustrations have been given to help in understanding.
Ms. Suchitra Kumari has assisted me in editing these slides
Salient Features of GST,
GST Model,
Payment of Tax,
Benefit of GST,
Subsuming of Existing Taxes,
Tax Levy under GST,
Input Tax Credit (ITC),
Payment of Taxes
gst 2017 ppt,
goods and service tax,
Basic Concept of Goods and Services Tax (CGST,SGST,IGST,Levy and Exemption)GST Law India
Find out the detailed explanation of the basic concept and overview of CGST, SGST, IGST under the dual GST Law for the efficient tax administration from the presentation. Give it a read and we would love to know your feedback!
Goods and Services Tax is a destination based tax on consumption of goods and services. It is proposed to be levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as set off. In a nutshell, only value addition will be taxed and burden of tax is to be borne by the final consumer.
The following is a GST presentation , which is an ongoing reform starting from 1st july 2017, applicable to SME , MSME and MNC's.
The presentation is a way to get the business arena engaged and notify them of various activities which will be having an impact on their businesses.
VARIOUS FORMS OF INCOME TAX ,BASIC KNOWLEDGE OF GST PPT WHICH REQUIRED FOR A STUDENT TO UNDERSTAND DIRECT AND INDIRECT TAXATION.
STUDENTS STUDYING B.COM AND M.COM WILL BE BENEFITED .
This presentation is on GST (Goods and Services Tax), it is about the new taxation system implemented in India. I have tried to keep all information about GST India.
Salient Features of GST,
GST Model,
Payment of Tax,
Benefit of GST,
Subsuming of Existing Taxes,
Tax Levy under GST,
Input Tax Credit (ITC),
Payment of Taxes
gst 2017 ppt,
goods and service tax,
Basic Concept of Goods and Services Tax (CGST,SGST,IGST,Levy and Exemption)GST Law India
Find out the detailed explanation of the basic concept and overview of CGST, SGST, IGST under the dual GST Law for the efficient tax administration from the presentation. Give it a read and we would love to know your feedback!
Goods and Services Tax is a destination based tax on consumption of goods and services. It is proposed to be levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as set off. In a nutshell, only value addition will be taxed and burden of tax is to be borne by the final consumer.
The following is a GST presentation , which is an ongoing reform starting from 1st july 2017, applicable to SME , MSME and MNC's.
The presentation is a way to get the business arena engaged and notify them of various activities which will be having an impact on their businesses.
VARIOUS FORMS OF INCOME TAX ,BASIC KNOWLEDGE OF GST PPT WHICH REQUIRED FOR A STUDENT TO UNDERSTAND DIRECT AND INDIRECT TAXATION.
STUDENTS STUDYING B.COM AND M.COM WILL BE BENEFITED .
This presentation is on GST (Goods and Services Tax), it is about the new taxation system implemented in India. I have tried to keep all information about GST India.
An article on Role of Company Secretaries in GST Era was published in Souvenir of 43rd National Convention of Institute of Company Secretaries of India. Article was contributed by Team : Lex Bolster Global LLP.
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
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://medium.com/@OnlineAccountingCourses/top-20-gst-interview-questions-and-answers-in-2023-753f0430a16e
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://medium.com/@OnlineAccountingCourses/top-20-gst-interview-questions-and-answers-in-2023-753f0430a16e
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
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
NO1 Uk Rohani Baba In Karachi Bangali Baba Karachi Online Amil Baba WorldWide...Amil baba
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
1. 1
K R A Y & Associates, Chartered Accountants
508, 5th
Floor, Maheshwari Chambers, Erramanzil, Hyderabad – 500 082
Basic Introduction of GST
GST is a value added tax levied on manufacture, sale and consumption of goods and services. It is a
destination based tax on consumption of goods and services. In a nutshell, only value addition will be
taxed and burden of tax is to be borne by the final consumer.
Concept of destination based tax on consumption
The tax would accrue to the taxing authority which has jurisdiction over the place of consumption
which is also termed as place of supply.
Major Indirect Taxes
Goods and Service Tax
Customs Duty
Evolution of GST:
I. Understanding how Indirect tax worked in old regime
India launched VAT in 2005
However several local taxes and levies continued to exist
VAT is state level multi point tax levied on value addition on goods and is collected at different
stages of SALE. CST is levied on interstate movement of goods.
Understanding how VAT Worked (Example)
Purchases
VAT paid on purchases is Rs.17
Final Product
VAT paid on Final product is Rs.25
VAT on final product Rs.25. VAT paid on purchases can be claimed as credit
Rs.17. So net VAT payable is Rs.8 (25-17). This mechanism is called INPUT
CREDIT.
Several Indirect taxes in INDIA
Excise Duty
Service Tax
CST/State VAT
Entertainment Tax
Entry Tax/ Octroi
Luxury Tax
Countervailing Duty (CVD)
II. Understanding problems with previous Indirect Tax regime
While input tax credit was available on VAT, no ITC was available on CST, Octroi and several other
local levies. These taxes were added to the cost of goods.
A trader cannot claim ITC of service in excise duty in inputs. Similarly a service provider cannot
claim ITC of VAT in inputs.
Many laws meant many compliances. Returns under VAT, excise etc. had to be submitted. One
had to maintain separate records for each of these and comply with separate state laws.
There was no way for the government to make sure, your supplier has deposited VAT he collected
from you. Disputes how much credit should be allowed leading to corruption at various levels in
VAT administration.
Under the old tax regime, the input credit of CST (Central Sales Tax) levied on inter-state supplies
could not be availed.
Several new businesses emerged like e-commerce, aggregators, bundled services. There wasn’t
enough clarity on how these should be taxed.
2. 2
K R A Y & Associates, Chartered Accountants
508, 5th
Floor, Maheshwari Chambers, Erramanzil, Hyderabad – 500 082
III. Understanding how GST come into picture
Internationally, GST was first introduced in France and now more than 160 countries have
introduced GST. Most of the countries, depending on their own socio-economic formation, have
introduced National level GST or Dual GST.
As a result of problems and various drawbacks with the previous Indirect tax regime in India, the
Union has thought of integrating all the indirect taxes in a single window and reduce the burden
to the common people.
Union Finance Minister, Shri P. Chidambaram, while presenting the central budget (2006 - 2007),
announced that GST would be introduced from April 1, 2010.
The Lok Sabha passed the Bill on 6th
May, 2015 and Rajya Sabha on 3rd
August, 2016. Subsequent
to the ratification of the states, Constitution (122nd
Amendment) Bill, 2014 received the assent of
the president on 8th
September, 2016 and became Constitution (101st
Amendment) Act, 2016.
which paved the way for the introduction of GST in India.
Concept of GST:
GST is a tax on both the Goods and Services except for some of the goods like alcohol (for human
consumption)
GST is levied at the time of supply
GST will make sure input credit is available for taxes paid on all purchases and input services
except specified
under sec 17 (Blocked Credits under CGST Act) and
under sec 10 composite levy scheme.
Input credit shall only be allowed when your supplier has deposited the GST he collected from
you. (But as now this process is not yet implemented)
There shall be a common law, return procedures and governance for all.
GST is a destination based tax and levied at a single point at the time of consumption of goods
or services by the ultimate consumer. GST is based on the principle of value added tax. GST law
emphasizes on voluntary compliance and on accounts based reporting and monitoring system. It
is a comprehensive levy and envisages tax collection on both goods and services at the same
rate.
Understanding how GST Works (Example)
A product has to go through different stages before it reaches the end consumer, and there
are several taxes applicable throughout this process. However, this situation will change in
the GST regime. Here’s an illustration to understand how:
Take apparel manufacturing as an example and 10% as the GST applicable.
Steps in
utilisation of
INUPT CREDIT
Stage 1:
Manufacturer
Stage 2:
Wholesaler
Stage 2: Retailer
Step – I
Tax paid on
Purchase/Inward
Supplies (Input
Tax)
Manufacturer buys raw
material worth Rs.500
that is inclusive of the
GST of Rs.50 (10% of
500) and he then adds
his own value Rs.50.
So this brings gross
value of product to
Rs.550.
The apparel is
passed from the
manufacturer to the
wholesaler at a
gross value
of Rs.550 that is
inclusive of the GST
of Rs.55 (10% of
550).
The retailer buys
the apparel from
the wholesaler at a
gross value
of Rs.600 that is
inclusive of the GST
of Rs.60 (10% of
600).
3. 3
K R A Y & Associates, Chartered Accountants
508, 5th
Floor, Maheshwari Chambers, Erramanzil, Hyderabad – 500 082
Need for GST in India:
Deficiencies in existing Value added taxation has led to GST (as referred in “II. Understanding
problems with previous Indirect Tax regime”)
Non-conclusion of several local levies in state VAT such as luxury tax, entertainment tax etc.
Cascading of taxes on account of
(i) Levy of Non-VATable CST and
(ii) Inclusion of CENVAT in the value for.
No CENVAT after manufacturing stage
Non-integration of VAT & Service Tax
Double Taxation of a transaction both as goods & services
The Benefits which the country will accrue from GST:
For Business and Industry
Easy Compliance: All tax payer services such as registrations, returns, payments, etc. would
be available to the taxpayers online, which would make compliance easy and transparent.
Uniformity of tax rates and structures
Removal of Cascading
Improved competitiveness
Gain to Manufacturers and exporters
For Central and State Governments
Simple and easy to administer
Better controls on leakage
Higher revenue efficiency
For the consumer
Step – II
Tax on outward
Supplies
(Output Tax)
Now the total tax
amount on the apparel
comes to Rs.55 (10%
of Rs.550). The
manufacturer required
to pay Rs.55
The wholesaler then
adds his value (his
margin) of Rs.50
making the total
Rs.600 (550 + 50).
This brings the total
tax amount on the
final to Rs.60 (10%
of 600).
He then adds his
value or margin of
RS.50 making the
total cost of the
goods Rs.650. The
GST applicable here
is Rs.65 (10% of
650).
Step - III
Utilisation of
INPUT CREDIT
and amount of
Final GST
However under GST,
he can set off the tax
paid at the time of raw
material purchase as
input credit.
Therefore the final GST
that the manufacturer
will incur is Rs.5 (55-
50)
Like the
manufacturer, the
wholesaler too can
set off this tax
amount with the
input tax. Thus, the
final GST for the
wholesaler would be
Rs.5 (60 – 55)
Since the retailer
has already paid a
tax while
purchasing the
goods, he can set it
off. Thus, the final
GST incidence for
the retailer would
be Rs.5 (65 – 60).
At the end, since the retailer will sell the product at Rs.650, the GST paid by the customer
would be Rs.65 (10% of 650) only. This number would have been much higher in our
current tax structure.
Thus GST can be a win-win scenario that will benefit the entire value chain and make it
easier for both businesses and consumers.
4. 4
K R A Y & Associates, Chartered Accountants
508, 5th
Floor, Maheshwari Chambers, Erramanzil, Hyderabad – 500 082
Single and transparent tax proportionate to the value of goods and services
Relief in overall tax burden
Introduction of GST would be a very significant step in the field of indirect tax reforms in India.
By amalgamating a large number of Central and State taxes into a single tax and allowing set-off
of prior-stage taxes, it would mitigate the ill effects of cascading and pave the way for a common
national market. For the consumers, the biggest gain would be in terms of a reduction in the
overall tax burden on goods, which is currently estimated at 25%-30%. Introduction of GST would
also make our products competitive in the domestic and international markets. Studies show that
this would instantly spur economic growth. There may also be revenue gain for the Centre and
the States due to widening of the tax base, increase in trade volumes and improved.
Best Regards
Sai Charan Goshika
Intern
K R A Y & Associates