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
Overview of Returns in GST, steps to file returns in GST India, Number of returns in GST, Due date for filing returns in GST India, Late Filing Fee in GST, Procedure to File Returns in GST etc.
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.
Overview of Returns in GST, steps to file returns in GST India, Number of returns in GST, Due date for filing returns in GST India, Late Filing Fee in GST, Procedure to File Returns in GST etc.
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.
Goods & Service Tax (GST) or the constitution (one hundred one amendment) bill. The introduction of Goods and Services Tax (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, it would mitigate cascading or double taxation in a major way and pave the way for a common national market.
From the consumer point of view, the biggest advantage would be in terms of a reduction in the overall tax burden on goods, which is currently estimated to be around 25%-30%. Introduction of GST would also make Indian products competitive in the domestic and international markets. Studies show that this would have a boosting impact on economic growth. Last but not the least, this tax, because of its transparent and self-policing character, would be easier to administer.
This is a very important concept, so try to share it with as many people as you can.
Covers the provisions relating to Supply (Time of Supply, Place of Supply and Value of Supply rules), Reverse Charge Mechanism, Composition Scheme and HSN/ SAC Code classification guidelines
OBJECTIVE
Goods and Services Tax (GST) is an Indirect Tax levied in India introduced in July, 2017 which was one of the most important reforms in the Indian Economy. Unlike erstwhile indirect tax regime, GST promises seamless credit on goods and services across the entire supply chain with some exceptions. In this webinar, we shall understand and analyse the provisions related to Input Tax Credit under the GST law
taxes are income of government. india is a developing country, therefore taxes is important source of income to indian government. the majority of taxes which are mostly collected by the government is included in this presentation.
The Goods and Services Tax was implemented in July 2017 in an effort to subsume multiple indirect taxes. The new tax regime has been adopted quite well by businesses across the country since its implementation. The Goods and Services Act will also have a great impact on the tax system in India by reducing the unfavorable effect of tax on the cost of goods and services. It is expected that the creation of the Goods and Services Tax Act and its implementation will have a great impact on various aspects of business in India by changing the traditional pattern of pricing the products and services.
Goods and Services Tax - Input Tax Credit Eligibility
Basic Provisions. How can a taxpayer claim ITC what are the conditions and restrictions for claiming ITC under GST.
The following Presentation enumerates the various provisions w.r.t. ITC, how it can be used,eligibilty and conditions for claiming ITC along with various case studies and illustrations. further, it elaborates the concept of input service distributor.
Concept & Nature of supply under GST LawArpit Verma
Chapter III of Central Goods and Services Tax Act, 2017 & Integrated Goods and Services Tax Act, 2017 contains the provision of levy and collection of GST.
The expression “Supply” is defined under section 7(1) of Central Goods and Services Tax Act, 2017.
There is no such proposition in the existing laws as the concept of supply is unique to our tax system and considered as a ‘taxable event’ for the first time in indirect tax regime.
Read My Full Article on Concept & Nature of Supply Under GST.
OBJECTIVE
Goods and Services Tax (GST) is an Indirect Tax levied in India introduced in July, 2017 which was one of the most important reforms in the Indian Economy. Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion and modernisation of existing business. In this webinar, we shall understand and analyse the provisions related to Refund under the GST law.
Goods & Service Tax (GST) or the constitution (one hundred one amendment) bill. The introduction of Goods and Services Tax (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, it would mitigate cascading or double taxation in a major way and pave the way for a common national market.
From the consumer point of view, the biggest advantage would be in terms of a reduction in the overall tax burden on goods, which is currently estimated to be around 25%-30%. Introduction of GST would also make Indian products competitive in the domestic and international markets. Studies show that this would have a boosting impact on economic growth. Last but not the least, this tax, because of its transparent and self-policing character, would be easier to administer.
This is a very important concept, so try to share it with as many people as you can.
Covers the provisions relating to Supply (Time of Supply, Place of Supply and Value of Supply rules), Reverse Charge Mechanism, Composition Scheme and HSN/ SAC Code classification guidelines
OBJECTIVE
Goods and Services Tax (GST) is an Indirect Tax levied in India introduced in July, 2017 which was one of the most important reforms in the Indian Economy. Unlike erstwhile indirect tax regime, GST promises seamless credit on goods and services across the entire supply chain with some exceptions. In this webinar, we shall understand and analyse the provisions related to Input Tax Credit under the GST law
taxes are income of government. india is a developing country, therefore taxes is important source of income to indian government. the majority of taxes which are mostly collected by the government is included in this presentation.
The Goods and Services Tax was implemented in July 2017 in an effort to subsume multiple indirect taxes. The new tax regime has been adopted quite well by businesses across the country since its implementation. The Goods and Services Act will also have a great impact on the tax system in India by reducing the unfavorable effect of tax on the cost of goods and services. It is expected that the creation of the Goods and Services Tax Act and its implementation will have a great impact on various aspects of business in India by changing the traditional pattern of pricing the products and services.
Goods and Services Tax - Input Tax Credit Eligibility
Basic Provisions. How can a taxpayer claim ITC what are the conditions and restrictions for claiming ITC under GST.
The following Presentation enumerates the various provisions w.r.t. ITC, how it can be used,eligibilty and conditions for claiming ITC along with various case studies and illustrations. further, it elaborates the concept of input service distributor.
Concept & Nature of supply under GST LawArpit Verma
Chapter III of Central Goods and Services Tax Act, 2017 & Integrated Goods and Services Tax Act, 2017 contains the provision of levy and collection of GST.
The expression “Supply” is defined under section 7(1) of Central Goods and Services Tax Act, 2017.
There is no such proposition in the existing laws as the concept of supply is unique to our tax system and considered as a ‘taxable event’ for the first time in indirect tax regime.
Read My Full Article on Concept & Nature of Supply Under GST.
OBJECTIVE
Goods and Services Tax (GST) is an Indirect Tax levied in India introduced in July, 2017 which was one of the most important reforms in the Indian Economy. Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion and modernisation of existing business. In this webinar, we shall understand and analyse the provisions related to Refund under the GST law.
If you go through this whole document very carefully, then it will helps you to understand the overall concept of GST, which is the new taxation system of India.
Message/ whatsapp your ID on the details provided in the presentation if you want to get the Excel sheet "lets calculate" which shows the impact on tax and price of goods/services.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
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.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
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.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
Andreas Schleicher presents at the OECD webinar ‘Digital devices in schools: detrimental distraction or secret to success?’ on 27 May 2024. The presentation was based on findings from PISA 2022 results and the webinar helped launch the PISA in Focus ‘Managing screen time: How to protect and equip students against distraction’ https://www.oecd-ilibrary.org/education/managing-screen-time_7c225af4-en and the OECD Education Policy Perspective ‘Students, digital devices and success’ can be found here - https://oe.cd/il/5yV
Ethnobotany and Ethnopharmacology:
Ethnobotany in herbal drug evaluation,
Impact of Ethnobotany in traditional medicine,
New development in herbals,
Bio-prospecting tools for drug discovery,
Role of Ethnopharmacology in drug evaluation,
Reverse Pharmacology.
How to Create Map Views in the Odoo 17 ERPCeline George
The map views are useful for providing a geographical representation of data. They allow users to visualize and analyze the data in a more intuitive manner.
We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
2. WHAT IS GOODS AND SERVICE TAX(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
• It is assessable at each point of sale or provision of
service.
• At the time of sale of goods or providing the services the seller or
service provider can claim the input credit of tax which he has paid
while purchasing the goods or procuring the service
• This is simply very similar to VAT.
• It can be termed as National level VAT on Goods and Services.
• Only difference in this system is that not only goods but also
services are involved.
• The rate of tax on goods and services are generally the
same.
5. COMPONENTS OF GST
CGST- Central goods and Service Tax-To be
administered by Central Government.
SGST- State Goods and Service Tax-To be
administered by State VAT Department
IGST- Inter-State Goods and Service Tax- To
be administered by A common Centralized
Authority
6. TAXES PROPOSED TO BE SUBSUMED IN GST
• Central Taxes
Excise Duty
Additional Excise duty
Service Tax
CVD, SAD
Surcharge
• State Taxes
VAT
Entertainment tax levied by states
Luxury Tax
Tax on Lottery
Entry tax other than for local bodies
7. GST- INCLUDES
1. A sale or supply includes a sale of
goods.
2. Lease of premises.
3. Hire of equipment.
4. Export of goods and supply of other
things.
5. A purchase includes an acquisition of
goods or services such as trading
stock a lease, consumables and other
things.
8. TAXES NOT BE INCLUDED IN GST
• Central Taxes
Specific Cess
Excise duty on tobacco products
• State Taxes
Items containing alcohol
Entertainment tax (Local Bodies)
Entry tax for local bodies
Electricity duty
9. GST: A UNIFICATION OF TAXES
A GST classically entails unification of all levies on
goods and services. In the Indian context, this would
mean merging the following:
• Tax on manufacture of goods (excise duty
levied by the Centre).
• Tax on sale of goods (CST / VAT levied by
both Centre and states).
• Tax on services (levied by Centre and to
some extent by states such as Entertainment
tax, electricity cess, etc).
10. CGST (CENTRAL GST)
Replace central Excise Duty & service Tax.
Cover Sale transaction.
SGST (STATE GST)
Replace State Vat, Entry Tax, Entertainment Tax, & Luxury Tax.
Cover taxing of Services
IGST (INTER STATE-GST)
•Levied on all inter – state supplies of goods or
services which are sold or transferred.
•Applicable to imports of goods or services.
11. RATES UNDER GST
No GST on necessities.
5% GST on agricultural, medicines and daily
needs products.
12% GST on utility items like salt, biscuits,
computer parts etc.
18% GST on manufacturing and services like air
travelling, hotel stay, cars etc.
28% GST on luxury items like expensive cars,
expensive perfumes, stay at 5 star hotels etc.
12. GST-KNOW TAXES PAID BY YOU
We all will pay GST on every product or service we buy.
Since all indirect taxes levied by the States and the
Centre will be merged into one GST, we would exactly
know how much tax we pay which at present is difficult to
understand.
No distinction would be made between imported or Indian
goods and they would be taxed at the same rate.
The sellers or service providers collect the tax from their
customer.
Before depositing the same to the exchequer, they deduct
the tax they have already paid.
The success of GST would rest upon efficiency, equity
and simplicity.
13. ADVANTAGES
• Boost Economic Growth
• Streamline domestic supply chain
• Reduce compliance burden
• Removes contradictory tax regimes
• Increase global competitiveness
Government
• Increases GDP
• Enhanced Revenue
• Improved Ranking
Trade and Industry
• Reduction in cost
• Enhanced Margins
• Reduction of Litigations
Consumers
• Same quality and Reduced price
14. Benefits under GST
Reduces Transaction cost.
Eliminates the cascading effect of taxes.
Single taxation point.
Reduces corruption.
Uniform tax rate .
Cheaper exports.
Reduction in purchase price.
Transparency.
Increased collection of CGST & IGST.
Increased FDI.
Growth in overall Revenues.
Simplified tax laws.
Increase in exports & employments.
GDP Growth Go Up by about 3%.
International competitiveness Go Up by about 8%.
Common market.
Prevention of unhealthy competition among states.
Increasing the tax base & raising compliance
15. DISADVANTAGES OF GST TAX
•Would impact the Real-State Market
•Costlier Service
•Complexity for the Businessmen Income
•Tax Credit Mismatch Disability Tax
•Expensive Banking and Insurance
•Impact on Discounts
•Registration in the Many States Required
•Changing Tax Slabs
•Petrol not Under GST
•Online Taxation
•Higher Tax Burden for SME
16. WHY DO WE NEED GST TODAY
• In Indian economy the service sector
contributes over 55%.
• Separate taxation of goods and services is
neither viable nor desirable
• Value added in manufacture and sale of
goods require inputs of both — goods and
services and vice versa, which is often not
separable.
17. CONCLUSION
GST being a dynamic & comprehensive legislation which
shall replace most of the Indirect Taxes of our Country.
Since it is a major indirect tax reform in India, there would
be new legislation and procedures.
Most concerns expressed about the implementation of GST
can be divided into 3 categories :
•Design Issues
•Operational Issues
• Infrastructure Issues
For GST to be effective there should be identical GST
laws/procedures across states as well as the centre.
In the mean time ,those state who are not opposing against
the implementation of GST may want assurances that their
existing revenues will be protected.