GST is a comprehensive indirect tax on the supply of goods and services that would replace multiple taxes levied by the central and state governments. It aims to create a single, unified Indian market to make India a common economic market. The introduction of GST would be a significant reform of indirect taxation in India and is expected to boost the country's economic growth.
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Presentation on the Indirect Tax system in India, the need for tax reforms, the journey to GST, basic understanding and features of GST and the benefits of GST.
hi I am Vishnu I made these project for my school if you like these please tell me to make your ppt with money mail to me to know any things ells etc ...
follow me on insta Vishnu_1807_
and subribe my youtube channel - https://www.youtube.com/@user-in4kz4ex2e
thank you
Presentation on the Indirect Tax system in India, the need for tax reforms, the journey to GST, basic understanding and features of GST and the benefits of GST.
Power point presentation for GST:-
GST is a tax on goods and services. GST is an Indirect Tax which has replaced many Indirect Taxes in India. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017. The Act came into effect on 1st July 2017
major research project (IMPACT OF GST ON LOGISTIC INDUSTRY IN INDIA)Abhilash Haldkar
Logistics sector plays a very significant role in the development of our nation. The Indian logistics industry is expected to grow steadily. But the logistics costs in India are high when compared to developed countries. This is primarily due to complex tax structure and poor infrastructure. Currently the freight that moves across the country is taxed multiple times. So this paper is an analysis of what the impact of Goods and Service Tax (GST) will be on Logistics Sector in India primarily in Transportation, Warehousing and Logistics Service Providers.
More than 150 countries have implemented GST so far.
This ppt gives an overview of the proposed GST bill in India. This ppt has custom animations which look like overlapped content on slideshare-viewer. It is recommended to download it on your system and then open using powerPoint-viewer.
Power point presentation for GST:-
GST is a tax on goods and services. GST is an Indirect Tax which has replaced many Indirect Taxes in India. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017. The Act came into effect on 1st July 2017
major research project (IMPACT OF GST ON LOGISTIC INDUSTRY IN INDIA)Abhilash Haldkar
Logistics sector plays a very significant role in the development of our nation. The Indian logistics industry is expected to grow steadily. But the logistics costs in India are high when compared to developed countries. This is primarily due to complex tax structure and poor infrastructure. Currently the freight that moves across the country is taxed multiple times. So this paper is an analysis of what the impact of Goods and Service Tax (GST) will be on Logistics Sector in India primarily in Transportation, Warehousing and Logistics Service Providers.
More than 150 countries have implemented GST so far.
This ppt gives an overview of the proposed GST bill in India. This ppt has custom animations which look like overlapped content on slideshare-viewer. It is recommended to download it on your system and then open using powerPoint-viewer.
4 Key impact area on gst implementation synergytas
GST Malaysia is coming for real. With 4 key impact areas on implementation. Join us for the action plan on GST conducted by Dr Choong Kwai Fatt. Visit website www.synegytas.com/gstkls2 for more information.
The debate over the implementation of Goods and Services Tax (GST) has been tiresomely long.
GST is a critical reform in spurring growth in the Indian economy.
When it is introduced, GST is expected to make the tax system simpler and will also help in increased compliance, boost tax revenues, reduce the tax outflow in the hands of the consumers and make exports competitive. The new government will hopefully set forth a roadmap for the implementation of GST soon.
Today’s lesson on GST attempts to simplify this concept for you.
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It's all about basic understanding of GST and GSTN which is going to rollout in India very soon. People are still not clear on the concept of GST so I have shared my knowledge with respect to same here.
GST (Goods and Service Tax) is going to transform the fundamentals of doing business in India in terms of speed, ease and competitiveness.
The present Government is leaving no stone unturned to make it a reality from 1st April’2016. In all probability, GST Bill is expected to be passed in the Budget session of 2015.
In this backdrop, we thought of compiling the basic tenets of GST and it’s present status.
Hope you will find it useful.
Share among your professional colleagues and friends to spread the awareness.
This ppt explains in very brief the facts about GST implementation in India. The taxes which shall be subsumed within GST and the present taxes which shall remain out of GST ambit.
The green supply chain revolution is a attempt to attain equilibrium of the demand and supply of Indian vegetable market , which will help indian government to have a control over vegetables price. The model can be implemented with coordination of different govt. agencies which will ultimately helpful for producer to end user i.e. from farmer to consumer by having product at government prefixed daily price which eliminate the interference of middle man from the entire supply chain .
Traditionally India’s tax regime relied heavily on indirect taxes. Revenue from indirect taxes was the major source of tax revenue till tax reforms were undertaken during nineties. The major argument put forth for heavy reliance on indirect taxes was that the India’s majority of population was poor and thus widening base of direct taxes had inherent limitations. But the Indian system of indirect taxation is characterized by cascading, distorting tax on production of goods and services which leads to hampering productivity and slower economic growth. There are endless taxes in present system few levied by Centre and rest levied by state, to remove this multiplicity of taxes and reducing the burden of the tax payer a simple tax is required and that is Goods and Service Tax (GST). This paper throws an insight into the Goods and Service Tax concept, advantages, disadvantages and international scenario
The biggest ever indirect tax reforms to be implemented ever since 1947 is the GST bill. Execution of this bill is expected to bring economic integration of the Indian economy. Among the group that is highly overwhelmed with the introduction of this form of tax are the start-ups and SME’s. Expectations are that the organizations will benefit the most out of the GST implementation.
THIS PRESENTATION CONTAINS THE MAJOR TOPICS WHICH ARE REQUIRED FOR UNDERSTANDING THE BUSINESS OPERATIONS WITH GST. IT COVERS PROVISIONS OF REGISTRATION, PROVISIONS OF INPUT TAX CREDIT, EXPORT RELATED AND OTHERS
3rd August 2016 became a historic day for economic reforms when Rajya Sabha passed the constitutional amendment bill to GST and paved the way for major taxation reforms. Almost all the political parties have broadly agreed.
A ‘flawless’ GST in the context of the federal structure which would optimize efficiency, equity and effectiveness. The ‘flawless’ GST is designed as a consumption type destination VAT based on invoice-credit method.The presentation in a nutshell describes the baseline of it.
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This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
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3. GST is a value added tax, levied at all points in the
supply chain with credit allowed for any tax paid
on inputs acquired for use in making the supply.
It would apply to both goods and services in a
comprehensive manner with exemptions
restricted to a minimum. The introduction of GST
would be a significant step in the reform of
indirect taxation in India.
6. GST
GOODS SERVICES
Taxable goods & services are
not distinguished from one
another and are taxed at a
single rate in a supply chain
till the goods or services
reach the consumer.
9. •Central GST shall
be levied by the
Centre on all the
goods & services
(other than the
exempted ones)
•Cross utilisation of
ITC between the
CGST & SGST shall
not be allowed,
except in case of
IGST
10. •State GST shall be
levied by the states
on all goods &
services,
independent of the
Centre.
•Centre has assured
all the states to pay
compensation,
equivalent to any
losses suffered by
them, during the
first 3 years.
12. YAMUNA
EXPRESSWAY
A new model is developed under proposed GST to
monitor the interstate trade of Goods & Services, and this
is called IGST. A point to be noted is that it will not
replace the existing CST.
IGST is not in addition to CGST & SGST, but is only for
monitoring interstate transactions.
13. AGRA
Dealer of the selling state will collect IGST from the
purchaser on interstate transaction & the rate of
IGST will be the combined rate of SGST & CGST. Say
if the rate of SGST is 12% & CGST is 14%, then the
rate of IGST will be 26%.
18. A person is required to take registration if his aggregate
turnover in a financial year exceeds INR 9 Lakhs. However, tax
liability shall arise only once the aggregate turnover in a
financial year exceeds INR 10 Lakhs.
10
L
9 L
24. In addition to the IGST, in respect of supply of goods, an additional tax of up to 1% has been
proposed to be levied by the Centre. The revenue from this tax is to be assigned to the origin
states. This tax is proposed to be levied for initial 2 years or such longer period as
recommended by the GST Council.
28. CGST/SGST SHALL BE PAYABLE AT THE
EARLIEST OF THE FOLLOWING DATES:
DATE ON WHICH THE GOODS ARE
REMOVED FOR SUPPLY TO
THE RECIPIENT(MOVABLE GOODS); OR
DATE ON WHICHTHE GOODS ARE MADE
AVAILABLE TO THE
RECIPIENT(IMMOVABLE GOODS); OR
DATE OF ISSUING INVOICE BY SUPPLIER;
OR
DATE OF RECEIPT OF PAYMENT BY
SUPPLIER; OR
29.
30. Hidden tax on exports
No state tax on imports
High transaction costs
34. EVERY REGISTERED PERSON SHALL HAVE TO FILE A
MONTHLY RETURN FOR SUPPLIES OF GOODS AND/ OR
SERVICES WITHIN 20 DAYS AFTER THE END OF SUCH MONTH.1.
Title
text
EVERY DEALER WHO IS REQUIRED TO DEDUCT TAX AT
SOURCE SHALL FILE A RETURN WITHIN 10 DAYS AT THE
END OF THE MONTH IN WHICH DEDUCTION IS MADE.3.
Title
text
EVERY REGISTERED PERSON SHALL HAVE TO FILE A
AN ANNUAL RETURN FOR EVERY YEAR ON OR BEFORE
31ST DEC. FOLLOWING THE END OF FINANCIAL YEAR.5.
DEALERS UNDER COMPOSITION SCHEME SHALL HAVE TO
FILE A RETURN FOR EACH QUARTER OR PART THEREOF,
WITHIN 18 DAYS AFTER THE END OF SUCH QUARTER.2.
REGISTERED PERSON PAYING CGST/SGST ON ALL INTER
STATE SUPPLIES HAVE TO FILE 1stRETURN FROM THE DATE
HE BECAME LIABLE TO REGISTRATION TILL THE END OF
THE MONTH IN WHICH REGISTRATION HAS BEEN GRANTED.
4.
REGISTERED PERSON WHO APPLIES FOR CANCELLATION
OF REGISTRATION SHALL HAVE TO FILE A FINAL RETURN
WITHIN 3 MONTHS OF THE DATE OF CANCELLATION.6.
35.
36.
37. It has been projected that more number of
people would come under the purview of GST,
as compared to the present system.
38. The present threshold prescribed in different State
VAT Acts, below which VAT is not applicable varies
from State to State. Thus numerous returns have
to be filed, which makes the task really
complicated.
39. A uniform GST threshold across
States is desirable, which would
minimise the difficulty level.
Different VAT returns will not be
required to be filed.
40. To the extent feasible, uniform procedure for collection of both CGST & SGST would be
prescribed in the respective legislation for CGST & SGST.
41.
42. GST Will Be A Game Changing
Reform For Indian Economy By-
• Developing A Common Indian
Market.
• Reducing The Cascading Effect
Of Tax On The Cost Of Goods
And Services.
43. According to
World Bank & IMF,
GST Will Be
Instrumental In
Helping The GDP Of
India To Grow By .
45. Tax Structure
Tax Incidence
Tax Computation
Tax Payment
Compliance
Credit utilisation
Reporting
… leading to a complete overhaul of the current indirect
tax system.
47. **We are just a few steps away from the biggest
tax reform in India since the independence !!
**We are just a few steps away from the biggest
tax reform in India since the independence !!
48.
49. Finance Minister Arun Jaitley met with state finance
ministers in Kolkata, and said that 'virtually all states'
except Tamil Nadu have backed the proposed GST Bill.
He urged PM Modi to meet Tamil Nadu CM Jayalalithaa
and convince her to extend support for the bill.
50. 1% additional tax as
goods move across
states.
The constitutional cap
of 18 per cent and an
independent dispute
redressal mechanism.
MAJOR CONCERNS
OF THE CONGRESS
OVER THE BILL
51. We all have come a long way. With a bit of more effort, the day is not far away,
when GST would actually become applicable in India!!