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This presentation covers a multidimensional view on impact and effect of GST on industry, economy, assessee, department and Government. An attempt is made to give justice to the multidimensional view of how things work in the industry and the future of GST impact on these stakeholders.
This presentation covers a multidimensional view on impact and effect of GST on industry, economy, assessee, department and Government. An attempt is made to give justice to the multidimensional view of how things work in the industry and the future of GST impact on these stakeholders.
Basic Features, Opportunities and Benefits of GST Implementation in IndiaArul Edison
The Goods and Services tax (GST) is an indirect tax. It is levied at every stage of the production and distribution of products. It is actually changes on the final consumption of the products. It includes excise duty, custom duty; Services tax and Value add tax (VAT). The GST is a VAT to be implemented in India. The decision on which is not yet declared by Government and the framing of rules are under process. Several countries implemented this tax system followed by France, the first country introduced GST. Goods and service tax is a new story of VAT which gives a widespread setoff for input tax credit and subsuming many indirect taxes from state and national level. Presently around 140 countries have adopted the GST pattern, including India. The GST would be beneficial for the consumers as it reduces the final burden of taxation. Therefore, the researchers have discussed the possible salient features, opportunities and benefits of GST implemented.
Does Goods and Services Tax (GST) Leads to Indian Economic Development?iosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
The Good and services tax (GST) is the biggest and substantial indirect tax reform since 1947. The main idea of GST is to replace existing taxes like value-added tax, excise duty, service tax and sales tax. GST as it is known is all set to be a game changer for the Indian economy. India as world’s one of the biggest democratic country follow the federal tax system for levy and collection of various taxes.GST tax system plays a vital role in growth of India.GST cover 12 taxes (Like Vat, Sale tax, CST, KKC etc). GST is one of the most crucial tax reforms in India which has been long pending. It will be levied on manufacture sale and consumption of goods and services. GST is expected to address the cascading effect of the existing tax structure and result in uniting the country economically.
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.
ABOUT THE BOOK
This edition of GST book extensively covers in-depth analyses of Model CGST/SGST and IGST Act, 2016 and the Draft Business Processes released by the Government of India. This edition comprehensively discusses all the key GST provisions along with impact, preparations required for GST and challenges ahead, providing an insight to the readers for assisting in smooth transition to GST.
It is worth mentioning here that the levy of Excise or Service Tax was not dependent on the levy of VAT/CST, as they were governed by different laws.
These are the taxes that shall be levied under the new system of GST. How this shall operate, and how can we have cross utilisation of credits can be seen in this Document.
Goods & Services Tax_GST v/s Old Tax Structure (Part 3 of 5)Suryansh Dhawan
Clubbing of old indirect tax in gst, 17 old indirect tax clubbed into gst, tax calculation under old tax structure & gst, adjustment of input under gst & requirement for claiming input tax under gst
about gst in india. all about one nation,one tax,what are he tax rates . hoew it is different from previous tax. why it is better,what are its benefits and disadvantages . what will be its impact in indian economy
specially for class 11 eco project i made this and good marks
helps in understanding gst
This project is undertaken to fulfill information needs of the user at two levels i.e. Macro Level and Micro Level
On a macro level, it aims to provide a single document which can provide information about the impact of GST on various sectors like logistics, eCommerce, pharma, telecommunication, textile, real estate, agriculture, automobiles, small medium enterprises and startups.
Further, on a micro level, it aims to provide information to a businessperson information about GST from a business perspective so that one is able to (a) Comply with the law and (b) collect and pay to the government the correct amount of taxes on time and (c) Does not miss out on any credits that are available.
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
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.
Basic Features, Opportunities and Benefits of GST Implementation in IndiaArul Edison
The Goods and Services tax (GST) is an indirect tax. It is levied at every stage of the production and distribution of products. It is actually changes on the final consumption of the products. It includes excise duty, custom duty; Services tax and Value add tax (VAT). The GST is a VAT to be implemented in India. The decision on which is not yet declared by Government and the framing of rules are under process. Several countries implemented this tax system followed by France, the first country introduced GST. Goods and service tax is a new story of VAT which gives a widespread setoff for input tax credit and subsuming many indirect taxes from state and national level. Presently around 140 countries have adopted the GST pattern, including India. The GST would be beneficial for the consumers as it reduces the final burden of taxation. Therefore, the researchers have discussed the possible salient features, opportunities and benefits of GST implemented.
Does Goods and Services Tax (GST) Leads to Indian Economic Development?iosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
The Good and services tax (GST) is the biggest and substantial indirect tax reform since 1947. The main idea of GST is to replace existing taxes like value-added tax, excise duty, service tax and sales tax. GST as it is known is all set to be a game changer for the Indian economy. India as world’s one of the biggest democratic country follow the federal tax system for levy and collection of various taxes.GST tax system plays a vital role in growth of India.GST cover 12 taxes (Like Vat, Sale tax, CST, KKC etc). GST is one of the most crucial tax reforms in India which has been long pending. It will be levied on manufacture sale and consumption of goods and services. GST is expected to address the cascading effect of the existing tax structure and result in uniting the country economically.
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.
ABOUT THE BOOK
This edition of GST book extensively covers in-depth analyses of Model CGST/SGST and IGST Act, 2016 and the Draft Business Processes released by the Government of India. This edition comprehensively discusses all the key GST provisions along with impact, preparations required for GST and challenges ahead, providing an insight to the readers for assisting in smooth transition to GST.
It is worth mentioning here that the levy of Excise or Service Tax was not dependent on the levy of VAT/CST, as they were governed by different laws.
These are the taxes that shall be levied under the new system of GST. How this shall operate, and how can we have cross utilisation of credits can be seen in this Document.
Goods & Services Tax_GST v/s Old Tax Structure (Part 3 of 5)Suryansh Dhawan
Clubbing of old indirect tax in gst, 17 old indirect tax clubbed into gst, tax calculation under old tax structure & gst, adjustment of input under gst & requirement for claiming input tax under gst
about gst in india. all about one nation,one tax,what are he tax rates . hoew it is different from previous tax. why it is better,what are its benefits and disadvantages . what will be its impact in indian economy
specially for class 11 eco project i made this and good marks
helps in understanding gst
This project is undertaken to fulfill information needs of the user at two levels i.e. Macro Level and Micro Level
On a macro level, it aims to provide a single document which can provide information about the impact of GST on various sectors like logistics, eCommerce, pharma, telecommunication, textile, real estate, agriculture, automobiles, small medium enterprises and startups.
Further, on a micro level, it aims to provide information to a businessperson information about GST from a business perspective so that one is able to (a) Comply with the law and (b) collect and pay to the government the correct amount of taxes on time and (c) Does not miss out on any credits that are available.
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
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.
Social development club is a leading course content provider of India with a key focus on skilling courseware development. We deliver complete package required to deliver the Skill development program effectively. We develop NCVT and SSC aligned courses of all the domains and for all the schemes.
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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.
One of the best job portals for those interested in accounting & finance jobs. SpotGiraffe website gives job-seekers a number of opportunities in the finance sector. Applying with SpotGiraffe makes it easier for candidates to find the latest listing and accounting job openings and to apply for them accordingly.
One of the best job portals for those interested in accounting & finance jobs. SpotGiraffe website gives job-seekers a number of opportunities in the finance sector. Applying with SpotGiraffe makes it easier for candidates to find the latest listing and accounting job openings and to apply for them accordingly.
Model GST law: From draft towards finality - Dr Sanjiv AgarwalD Murali ☆
Model GST law: From draft towards finality - Dr Sanjiv Agarwal - Article published in Business Advisor, dated September 10, 2016 - http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
2. What is a GST
• GST aims to make a better nation by providing a common market
with a common tax rates in order to remove all the economic
barriers thus pave a way for an integrated economy at the national
level. It would mitigate the cascading effect, improve the liquidity of
the business and improve competitiveness. The GST replaces all the
indirect taxes which have been levied by the central and state
government. It is one of the biggest taxation reforms in India since
it consolidates all state economies. The main aim is to create a
cooperative, undivided single Indian market to make the economy
much powerful and strong.
• It provides a significant breakthrough for all the inclusive indirect
taxes and brings an incredible change for our nation. Centralise the
taxation for businesses to relieve them the burden of compliance
and better managing the cash and finances.
3. Significance of GST
• India, a nation with State and Center have doled out
the ability to gather charges from the enactment and
purview. Both the Government levels have their own
liabilities in their separate views.
• At present, the forces between the Center and the
States are unmistakably referenced in the constitution
with no cover between the individual areas. The
middle has the forces to require charge on the make of
merchandise while the States have the forces to exact
expense, yet the assessment is gathered and held
altogether by the States. With respect to
administrations, it is the Center alone that is engaged
to collect administration impose.
4. Presentation of the GST required corrections in the
constitution in order to at the same time engage the
Center and the State to demand and gather assess. The
constitution of India has been revised by the Constitution
Act, 2016 for this reason. also, enables the Center and
State to exact and gather the GST.
Presentation of GST would be an exceptionally huge
advance in the field of roundabout assessment changes in
India. By amalgamating an extensive number of Central
and State charges into a solitary assessment and permitting
set-off of earlier stage charges, it would moderate the evil
impacts of falling and prepare for a typical national market.
For the buyers, the greatest gain would be as far as a
decrease in the general taxation rate on products, which is
as of now assessed at 25%-30%.
5. Presentation of GST would likewise make our
items aggressive in the local and worldwide
markets. Studies demonstrate this would in a
flash goad monetary development. There
may likewise be income gain for the Center
and the States because of enlarging of the
expense base, increment in exchange
volumes and enhanced duty consistence. Last
yet not the minimum, this expense, as a
result of its straightforward character, would
be less demanding to direct.
6. Benefits of GST
• It brings benefits to all the stakeholders of industry,
consumer and the government. It will boost the
economy, lower the cost of goods and services and
make the services and products globally competitive.
• GST reduces the human interface at a greater extent
and it is largely technology driven and this may lead to
take a speedy decisions.
• This is an initiative for “Make in India” and gives a
boost to that scheme. The government of India makes
the products and services which have produced in India
to be more competitive in both the national and
international market.
7. • Improving the exports and the payment options. Exporters
with a clean track record will be rewarded by obtaining the
immediate refund of 90% of their claims arising on the
account of exports within seven days.
• GST is expected to bring the government revenue by
widening the tax and lessen the compliance for the tax
payers. It is likely to expect the India’s ranking in the ease of
doing business index and it is estimated to increase the
Gross Domestic Product (GDP) by 1.5-2%.
• In GST, taxes for both the centre and the state will be
collected at the point of sale. If prices are likely to come
down means more consumption, more consumption leads
to more production thus help to grow the companies.
8. By implementing this, India is expected to gain
$15 billion per year. This is why because it
creates more employment, more exports, and
boosts the growth. Burden of tax has been
divided between manufacturing and services.
It is the destination based taxes. In this, tax
will be collected at every stage and the credit
of tax paid at the previous stage will be
available at the next stage of transaction.
9. Documents required for a GST
registration
• Identity and address proofs
The following persons are required to submit the
address proof and identity proof along with the
photographs. For address proof, documents such as
Aadhar card, voters’ identity, driving licence and ration
card can be submitted. For an identity proof,
documents such as Passport, PAN, driving license,
Aadhar card or voter identity card could be submitted.
• Company – Directors, authorised person and the
managing director.
• Trust- Trustees, managing trustee and the authorised
person.
10. • LLP/Partnership firm – Authorised/managing
and the designated partners.
• Statutory body –CEO or his equivalent.
• Association of persons or body of individuals-
Managing committee members and their
personal details need to be submitted.
• PAN card of the applicants
PAN card is linked with the GST registration.
Hence PAN is a mandatory one that should be
obtained before applying for GST registration.
11. • Address proof for the place of business
The following documents can be taken as an
address proof for GST registration. For rented
or leased premises, a copy of the valid rental
agreement to be produced to evident the
proof for premises. Tax receipt copy or the
copy of electricity bills can be produced for
the possession of premises.For own
premises, ownership document need to be
produced or in some other cases a consent
letter from the owner of the premises.
12. • Business registration document
All types of entities must submit the proof of business registration
documents. In case of company or LLP, the certificate of
incorporation need to be submitted and a partnership deed has to
be produced if it is a partnership firm. For other types of firms such
as club, trust, society or any other body of individuals, registration
certificate can be provided.
• Bank account proof
First page of bank passbook scanned copy or the bank statement or
the cancelled cheque which contains the name of the proprietor.
• Digital signature
GST registration must be signed through a digital signature. The
authorised person must obtain the DSC to sign the GST registration
application before beginning the process.
13. What is IGST?
• Under the GST routine, an Integrated GST (IGST)
would be imposed and gathered by the Center on
between State supply of merchandise and
ventures. Under Article 269A of the Constitution,
the GSTon provisions over the span of interstate
exchange or trade will be exacted and gathered
by the Government of India and such duty will be
allotted between the Union and the States in the
way as might be given by Parliament by law on
the suggestions of the Goods and Services Tax
Council.
14. In what manner will choices be taken
by GST Council?
• The Constitution (one hundred and first alteration) Act,
2016 gives that each choice of the GST Council will be
taken at a gathering by a larger part of at least 3/fourth
of the weighted votes of the Members present and
casting a ballot. The vote of the Central Government
will have a weightage of 1/third of the votes cast and
the votes of all the State Governments taken together
will have a weightage of 2/third of the aggregate votes
cast in that gathering. One portion of the aggregate
number of individuals from the GST Council will
establish the majority at its gatherings.