This is a brief ppt about gst it's impact advantages and also include a hypothetical numerical example. This ppt has bullets points only so you need to read about those points.
Goods and Services Tax (GST) is a value-added tax levied on the manufacture, sale, and consumption of goods and services. It provides continuous tax credits at each stage of production and distribution, ensuring that the entire supply chain is taxed only on the value added at each stage. The document discusses key aspects of GST including what it replaces, how input tax credits work, rates to be charged by central and state governments, and returns to be filed. It also provides an example to illustrate intra-state and inter-state transactions under GST.
This document discusses the Goods and Services Tax (GST) implemented in India. It provides background on GST and why it was needed to replace the complex indirect tax system. The key components of GST including CGST, SGST, and IGST are outlined. The document also discusses tax rates before and after GST, advantages like simplifying compliance and reducing corruption, and some disadvantages in the initial period. It concludes that GST was implemented to create a uniform indirect tax system and faster economic growth in India.
This presentation covers the key features of the Goods and Services Tax (GST) proposed to be implemented in India. It discusses what GST is, how it will work by replacing existing indirect taxes, and the need for GST to simplify taxation and boost the economy. Some issues still to be decided include taxation of inter-state services, place of supply rules, and jurisdictional issues. The presentation provides an overview of India's economy and taxation system to establish the context for why GST reform is needed.
This document provides an overview of the Goods and Services Tax (GST) that is being implemented in India. Some key points:
- GST will bring major changes to taxation across all industries in India through consolidation of many taxes into a single tax.
- It will be a dual GST model with both Central GST and State GST being levied on goods and services.
- Taxes being subsumed under GST include excise duty, VAT, service tax, customs duty, and other state level taxes.
- Taxpayers will be assigned a unique GST identification number linked to their PAN for compliance and input tax credit.
GST In India An Overview and Impact.
Types of Taxes Covered in CGST, SGST, IGST
Benefits for Government and Customer
GDP growth rate
Many more to find in PPT
GST will provide several advantages for startups and small businesses in India. It will improve the ease of starting a business by creating a uniform registration process across states. GST will also integrate multiple taxes into a single tax, provide exemptions for startups and small businesses with annual turnover under Rs. 10 lakhs, provide respite for businesses in sales and services by calculating tax on total revenue rather than separately, and reduce logistics costs and time across states by making interstate supply tax neutral.
Goods and Services Tax (GST) is a value-added tax levied on the manufacture, sale, and consumption of goods and services. It provides continuous tax credits at each stage of production and distribution, ensuring that the entire supply chain is taxed only on the value added at each stage. The document discusses key aspects of GST including what it replaces, how input tax credits work, rates to be charged by central and state governments, and returns to be filed. It also provides an example to illustrate intra-state and inter-state transactions under GST.
This document discusses the Goods and Services Tax (GST) implemented in India. It provides background on GST and why it was needed to replace the complex indirect tax system. The key components of GST including CGST, SGST, and IGST are outlined. The document also discusses tax rates before and after GST, advantages like simplifying compliance and reducing corruption, and some disadvantages in the initial period. It concludes that GST was implemented to create a uniform indirect tax system and faster economic growth in India.
This presentation covers the key features of the Goods and Services Tax (GST) proposed to be implemented in India. It discusses what GST is, how it will work by replacing existing indirect taxes, and the need for GST to simplify taxation and boost the economy. Some issues still to be decided include taxation of inter-state services, place of supply rules, and jurisdictional issues. The presentation provides an overview of India's economy and taxation system to establish the context for why GST reform is needed.
This document provides an overview of the Goods and Services Tax (GST) that is being implemented in India. Some key points:
- GST will bring major changes to taxation across all industries in India through consolidation of many taxes into a single tax.
- It will be a dual GST model with both Central GST and State GST being levied on goods and services.
- Taxes being subsumed under GST include excise duty, VAT, service tax, customs duty, and other state level taxes.
- Taxpayers will be assigned a unique GST identification number linked to their PAN for compliance and input tax credit.
GST In India An Overview and Impact.
Types of Taxes Covered in CGST, SGST, IGST
Benefits for Government and Customer
GDP growth rate
Many more to find in PPT
GST will provide several advantages for startups and small businesses in India. It will improve the ease of starting a business by creating a uniform registration process across states. GST will also integrate multiple taxes into a single tax, provide exemptions for startups and small businesses with annual turnover under Rs. 10 lakhs, provide respite for businesses in sales and services by calculating tax on total revenue rather than separately, and reduce logistics costs and time across states by making interstate supply tax neutral.
Businesses need to register for GST by September 30, 2017. Stock on hand as of June 30, 2017 can be taxed under GST, with credit given for prior taxes paid. Invoices under GST must include seller and buyer details as well as tax rates and amounts. There will be five GST tax rates: 0%, 5%, 12%, 18%, and 28%. Small businesses with under Rs. 75 lakhs turnover can register for the composition scheme with simplified compliance.
GST is a comprehensive indirect tax on manufacture, sale and consumption of goods and services at the national level. It will replace multiple taxes levied by the central and state governments. GST is proposed to be implemented as a dual GST with the central and state governments simultaneously levying it across the entire supply chain. The key advantages of GST include reduction in overall tax burden due to removal of cascading effect, increase in tax revenues, and less compliance costs for taxpayers. However, the constitution amendment bill for GST is stuck in the Rajya Sabha due to opposition from the Congress party around certain demands, delaying its implementation which is now targeted for April 2017.
The document discusses Goods and Services Tax (GST) in India. It provides details on:
1. GST is a consumption-based tax that will replace existing indirect taxes in India.
2. Under GST, there will be two components - Central GST (CGST) and State GST (SGST). An Integrated GST (IGST) will be applicable on inter-state transactions.
3. GST is expected to simplify tax structure, reduce compliance costs, expand tax base and increase tax revenues through improved compliance. However, certain items like alcohol, petrol and real estate will be outside GST's purview.
PPT on GST _ Goods & Service tax by top gst expertsCA Milin Shah
https://www.topgstexperts.com/ppt-on-gst_-prepared-presented-by-top-gst-experts/
Top GST Experts have taken a Small Seminar on GST on 9th April at Mumbai_ Please find the PPT attached herewith for your handy reference.
The document summarizes key aspects of the Goods and Services Tax (GST) implemented in India. It outlines the existing tax structure with various central and state taxes and the proposed unified GST structure. It then discusses the positive impacts of GST for consumers, such as removing cascading taxes, standardized tax rates, and potentially lower prices. However, it also notes potential negative impacts like higher costs of services initially and increased inflation. Overall, GST aims to simplify taxation but its effects will depend on execution and pass-through of benefits to consumers.
The document discusses key aspects of the proposed Goods and Services Tax (GST) bill in India from 2015, including:
1) The bill aims to introduce a unified indirect tax replacing existing taxes and creating a harmonized market. However, it does not fully conform to an ideal GST by deferring taxes on some petroleum products and allowing additional taxes on inter-state trade.
2) The GST Council will recommend tax rates and other policies, consisting of the Union Finance Minister and state Finance Ministers.
3) Parliament may provide compensation to states for revenue losses from GST for up to five years.
4) While GST intends to broaden the tax base and reduce distortions,
This document discusses key aspects of implementing the Goods and Services Tax (GST) in India. It outlines some of the current problems with indirect taxes that GST aims to address. It also discusses challenges around transitioning to GST such as setting state-wise SGST rates, treatment of opening tax credits, and potential jurisdictional disputes. The document notes that GST will significantly impact businesses and taxpayers in India through a unified tax system.
This document discusses Goods and Services Tax (GST) in India. It provides an introduction to GST, defining it as an indirect tax on the supply of goods and services that replaced multiple taxes. The document outlines some key advantages of GST, including creating a single market, reducing corruption, and increasing GDP. It also notes some disadvantages such as dual control by central and state governments and potential loss of revenue for some states.
The document provides an overview of the Goods and Services Tax (GST) system that is being introduced in India. It discusses the history and development of GST in India, the key features of GST including the different tax rates that will apply to goods and services, and the overall benefits of moving to a GST system. GST aims to create a single, unified Indian market by replacing existing indirect taxes and harmonizing rates and rules across states.
The document provides an overview of the Goods and Services Tax (GST) that is being implemented in India. It explains that GST is a comprehensive indirect tax that will combine multiple taxes into a single tax applied to the manufacture, sale, and consumption of goods and services. GST aims to create a uniform tax rate nationwide and reduce the cascading effect of taxes. It will be administered as a dual GST model with both the central and state governments collecting and sharing taxes based on the nature of the transaction within or between states. The key features of GST outlined are the eligibility for input tax credits, different tax rates, items that will be subsumed and not subsumed under GST, and definitions of tax
Get an overview of GST in India. Know the basic definition of GST, taxes subsumed under it and how it basically works in India. Know the significance of GST tool.
The document discusses Goods and Services Tax (GST) in India. It explains that GST is a comprehensive indirect tax on the supply of goods and services that will replace existing central and state level taxes. GST is proposed as a dual GST model with taxation shared between the central and state governments. There are still challenges to its implementation, including the need for constitutional amendments, IT infrastructure development, and consensus among states on tax rates.
The document provides an overview of GST in India through a presentation. It defines GST as an indirect tax imposed on the supply of goods and services, excluding alcohol. The presentation discusses the types of GST taxes (CGST, SGST, IGST), items not covered, benefits, and various return forms including GSTR-1, GSTR-2, GSTR-3, and the annual return GSTR-9 which must be filed by registered persons and companies, except for some exceptions.
This document provides an overview of the Goods and Services Tax (GST) implemented in India. It discusses the history of GST in India, what GST is, the tax structure it replaces, benefits of GST such as a uniform indirect tax system across India and reduced tax evasion, and challenges to implementing GST such as disputes over tax sharing between central and state governments. The key points are that GST is a comprehensive indirect tax on goods and services that collects tax on value added at each stage of supply, replacing multiple existing indirect taxes, with the aim of creating a uniform market in India.
GST is one indirect tax for the whole nation, which will make India one unified common market.
GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage. The final consumer will thus bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the previous stages.
www.actouch.com
GST is India's biggest tax reform since independence that replaced multiple indirect taxes with a single indirect tax across India. It is a consumption-based tax where taxes are paid to the state where goods or services are consumed rather than where they are produced. Under GST, taxes are divided into central GST, state GST, and integrated GST for inter-state transactions. A key aspect of GST is the input tax credit mechanism which allows entities to claim a credit for taxes paid on inputs against the taxes to be paid on outputs, thus reducing the overall tax burden.
GST Simplified Series#1: Concept, Scope, Levy & ApplicabilityCA Nikhil M Jhanwar
We are pleased to share that we have launched Series ‘GST Simplified’ wherein we would attempt to explain nitty-gritty of GST in most lucid manner through write-ups, presentations and videos.
Series#1 explains ‘Concept, levy, scope & applicability of GST.
This document provides an overview of the existing taxation system in India and how it will be replaced by the Goods and Services Tax (GST). It discusses the different direct and indirect taxes currently imposed in India, including income tax, wealth tax, capital gains tax, sales tax, service tax, value added tax, customs duty, and octroi. The implementation of GST aims to simplify this complex system by integrating various central and state taxes into a single tax applicable to both goods and services. GST is expected to reduce the overall tax burden, increase tax collection and compliance, and help develop a common national market.
The document summarizes Goods and Service Tax (GST) which is a comprehensive indirect tax system in India that combines central taxes and levies like excise duty, service tax, and state taxes like VAT into a single tax. It lists the current central and state taxes that will be subsumed under GST and highlights advantages like ease of doing business, reduced compliance burden, and a common national market. The document also notes commodities and taxes that will be excluded from GST, provides examples of the tax impact on businesses pre- and post-GST, and outlines the various proposed GST tax slabs and rates.
made by school student for education purpose only it is just to show how gst works and how it had worked in other country,it also show what are the impact of gst in india and other countries.
Businesses need to register for GST by September 30, 2017. Stock on hand as of June 30, 2017 can be taxed under GST, with credit given for prior taxes paid. Invoices under GST must include seller and buyer details as well as tax rates and amounts. There will be five GST tax rates: 0%, 5%, 12%, 18%, and 28%. Small businesses with under Rs. 75 lakhs turnover can register for the composition scheme with simplified compliance.
GST is a comprehensive indirect tax on manufacture, sale and consumption of goods and services at the national level. It will replace multiple taxes levied by the central and state governments. GST is proposed to be implemented as a dual GST with the central and state governments simultaneously levying it across the entire supply chain. The key advantages of GST include reduction in overall tax burden due to removal of cascading effect, increase in tax revenues, and less compliance costs for taxpayers. However, the constitution amendment bill for GST is stuck in the Rajya Sabha due to opposition from the Congress party around certain demands, delaying its implementation which is now targeted for April 2017.
The document discusses Goods and Services Tax (GST) in India. It provides details on:
1. GST is a consumption-based tax that will replace existing indirect taxes in India.
2. Under GST, there will be two components - Central GST (CGST) and State GST (SGST). An Integrated GST (IGST) will be applicable on inter-state transactions.
3. GST is expected to simplify tax structure, reduce compliance costs, expand tax base and increase tax revenues through improved compliance. However, certain items like alcohol, petrol and real estate will be outside GST's purview.
PPT on GST _ Goods & Service tax by top gst expertsCA Milin Shah
https://www.topgstexperts.com/ppt-on-gst_-prepared-presented-by-top-gst-experts/
Top GST Experts have taken a Small Seminar on GST on 9th April at Mumbai_ Please find the PPT attached herewith for your handy reference.
The document summarizes key aspects of the Goods and Services Tax (GST) implemented in India. It outlines the existing tax structure with various central and state taxes and the proposed unified GST structure. It then discusses the positive impacts of GST for consumers, such as removing cascading taxes, standardized tax rates, and potentially lower prices. However, it also notes potential negative impacts like higher costs of services initially and increased inflation. Overall, GST aims to simplify taxation but its effects will depend on execution and pass-through of benefits to consumers.
The document discusses key aspects of the proposed Goods and Services Tax (GST) bill in India from 2015, including:
1) The bill aims to introduce a unified indirect tax replacing existing taxes and creating a harmonized market. However, it does not fully conform to an ideal GST by deferring taxes on some petroleum products and allowing additional taxes on inter-state trade.
2) The GST Council will recommend tax rates and other policies, consisting of the Union Finance Minister and state Finance Ministers.
3) Parliament may provide compensation to states for revenue losses from GST for up to five years.
4) While GST intends to broaden the tax base and reduce distortions,
This document discusses key aspects of implementing the Goods and Services Tax (GST) in India. It outlines some of the current problems with indirect taxes that GST aims to address. It also discusses challenges around transitioning to GST such as setting state-wise SGST rates, treatment of opening tax credits, and potential jurisdictional disputes. The document notes that GST will significantly impact businesses and taxpayers in India through a unified tax system.
This document discusses Goods and Services Tax (GST) in India. It provides an introduction to GST, defining it as an indirect tax on the supply of goods and services that replaced multiple taxes. The document outlines some key advantages of GST, including creating a single market, reducing corruption, and increasing GDP. It also notes some disadvantages such as dual control by central and state governments and potential loss of revenue for some states.
The document provides an overview of the Goods and Services Tax (GST) system that is being introduced in India. It discusses the history and development of GST in India, the key features of GST including the different tax rates that will apply to goods and services, and the overall benefits of moving to a GST system. GST aims to create a single, unified Indian market by replacing existing indirect taxes and harmonizing rates and rules across states.
The document provides an overview of the Goods and Services Tax (GST) that is being implemented in India. It explains that GST is a comprehensive indirect tax that will combine multiple taxes into a single tax applied to the manufacture, sale, and consumption of goods and services. GST aims to create a uniform tax rate nationwide and reduce the cascading effect of taxes. It will be administered as a dual GST model with both the central and state governments collecting and sharing taxes based on the nature of the transaction within or between states. The key features of GST outlined are the eligibility for input tax credits, different tax rates, items that will be subsumed and not subsumed under GST, and definitions of tax
Get an overview of GST in India. Know the basic definition of GST, taxes subsumed under it and how it basically works in India. Know the significance of GST tool.
The document discusses Goods and Services Tax (GST) in India. It explains that GST is a comprehensive indirect tax on the supply of goods and services that will replace existing central and state level taxes. GST is proposed as a dual GST model with taxation shared between the central and state governments. There are still challenges to its implementation, including the need for constitutional amendments, IT infrastructure development, and consensus among states on tax rates.
The document provides an overview of GST in India through a presentation. It defines GST as an indirect tax imposed on the supply of goods and services, excluding alcohol. The presentation discusses the types of GST taxes (CGST, SGST, IGST), items not covered, benefits, and various return forms including GSTR-1, GSTR-2, GSTR-3, and the annual return GSTR-9 which must be filed by registered persons and companies, except for some exceptions.
This document provides an overview of the Goods and Services Tax (GST) implemented in India. It discusses the history of GST in India, what GST is, the tax structure it replaces, benefits of GST such as a uniform indirect tax system across India and reduced tax evasion, and challenges to implementing GST such as disputes over tax sharing between central and state governments. The key points are that GST is a comprehensive indirect tax on goods and services that collects tax on value added at each stage of supply, replacing multiple existing indirect taxes, with the aim of creating a uniform market in India.
GST is one indirect tax for the whole nation, which will make India one unified common market.
GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage. The final consumer will thus bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the previous stages.
www.actouch.com
GST is India's biggest tax reform since independence that replaced multiple indirect taxes with a single indirect tax across India. It is a consumption-based tax where taxes are paid to the state where goods or services are consumed rather than where they are produced. Under GST, taxes are divided into central GST, state GST, and integrated GST for inter-state transactions. A key aspect of GST is the input tax credit mechanism which allows entities to claim a credit for taxes paid on inputs against the taxes to be paid on outputs, thus reducing the overall tax burden.
GST Simplified Series#1: Concept, Scope, Levy & ApplicabilityCA Nikhil M Jhanwar
We are pleased to share that we have launched Series ‘GST Simplified’ wherein we would attempt to explain nitty-gritty of GST in most lucid manner through write-ups, presentations and videos.
Series#1 explains ‘Concept, levy, scope & applicability of GST.
This document provides an overview of the existing taxation system in India and how it will be replaced by the Goods and Services Tax (GST). It discusses the different direct and indirect taxes currently imposed in India, including income tax, wealth tax, capital gains tax, sales tax, service tax, value added tax, customs duty, and octroi. The implementation of GST aims to simplify this complex system by integrating various central and state taxes into a single tax applicable to both goods and services. GST is expected to reduce the overall tax burden, increase tax collection and compliance, and help develop a common national market.
The document summarizes Goods and Service Tax (GST) which is a comprehensive indirect tax system in India that combines central taxes and levies like excise duty, service tax, and state taxes like VAT into a single tax. It lists the current central and state taxes that will be subsumed under GST and highlights advantages like ease of doing business, reduced compliance burden, and a common national market. The document also notes commodities and taxes that will be excluded from GST, provides examples of the tax impact on businesses pre- and post-GST, and outlines the various proposed GST tax slabs and rates.
made by school student for education purpose only it is just to show how gst works and how it had worked in other country,it also show what are the impact of gst in india and other countries.
GST will have significant impacts on supply chain operations in India. It will eliminate the need for separate warehouses in each state by applying GST directly to distributors. This will reduce operational, administrative, and logistics costs. It will also reduce the cost of goods sold and speed up time to market by providing tax credits for any services, processes, or raw materials in the supply chain. Overall, GST will benefit companies and the economy by lowering prices, increasing production and exports, generating more jobs, and allowing for more efficient use of resources through a transparent and uniform tax system across India.
Goods and service tax (GST) is a comprehensive tax levy on manufacture, sale and consumption of goods and service at a national level. • Gst is a tax on goods and services with value addition at each stage. • Gst willinclude many state and central level indirect taxes.
This presentation highlights the reason for bringing GST and how GST will be different from the present tax structure. The video also brings out the complexities in the present tax structure and how under GST these complications will be removed.
Note: The above presentation is only for informational purposes and is based upon Model GST Law and other information available on the internet. This does not constitute any sort of legal advice or opinion.
GST is a comprehensive indirect tax that will replace existing indirect taxes on goods and services in India. It will be levied at each stage of sale or purchase of goods and services based on input tax credit. GST aims to create a unified national market, reduce the overall tax burden through input tax credit, and boost tax revenues. However, there are challenges in implementing GST such as getting approval from all state governments and setting an appropriate revenue neutral rate. GST is expected to benefit various sectors of the economy by simplifying taxation, reducing costs, removing inter-state barriers, and increasing tax revenues.
Goods and Services Tax (GST) is an indirect tax mechanism in India that combines multiple indirect taxes into one. It is a value-added tax to be implemented nationwide in April 2017. The aims of GST include reducing the cascading effects of taxes and making the tax system more comprehensive. GST consists of Central GST, State GST, and Inter-State GST. It is claimed to provide advantages like a unified market, reduced production costs, and lower prices over the present tax system. Certain goods like alcohol, petroleum products and tobacco are excluded from GST.
GST is a single tax on the supply of goods and services in India from manufacturer to consumer. There are three types of GST - CGST collected by the central government, SGST by state governments for intra-state sales, and IGST for inter-state sales. GST is levied at multiple stages of production and distribution. Some items have exclusive tax rates while others are exempted. GST aims to benefit businesses through seamless credits, uniformity, and easier compliance, while benefiting governments through increased revenue efficiency and controls. It also aims to benefit consumers through an overall reduction in tax burden, transparency, and proportionate taxes.
GST is a new indirect tax regime in India that combines multiple taxes into one. It is levied on the supply of goods and services. GST helps eliminate cascading of taxes and reduces the overall tax burden. It includes CGST for the central government, SGST for state governments, and IGST for inter-state transactions. The implementation of GST is expected to simplify indirect taxation in India and boost economic growth by reducing costs and improving ease of doing business. While it offers various benefits, there are also challenges to its implementation regarding tax credits, impact on certain sectors, and operational complexities.
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
Have you had trouble making sense of the hundreds of articles on the Goods and Service Tax? We did too. We realized that we could not make sense of GST because we did not understand the basics. So we studied many documents and met a lot of experts to understand the logic of GST.
We are very happy to share that understanding with you. You can learn about Input Tax credit, what changes with GST, how many taxes are going away and what does it all mean for industry and government. What is more, all this has been communicated using simple examples and easy language.
If you find this presentation useful, please do share it on Email, FaceBook, Twitter and other social media.
Topic - GST, Will it Simplify your life.pptxANONYMOUS26549
This document discusses Goods and Services Tax (GST) in India. It begins with an introduction to GST, noting that it is a centralized indirect tax system accepted internationally. The document then outlines the pre-GST tax structure in India, including various taxes like VAT, sales tax, customs duty, and excise duty. It compares the pre-GST and GST systems, noting pros of GST like uniformity, ease of administration, and reduced cascading effects, as well as cons like increased compliance costs and penalties for late returns. The document expresses the view that GST can help build a transparent, corruption-free tax system and concludes that GST has positive impacts in India.
The document discusses India's proposed Goods and Services Tax (GST) reform, which would be the biggest tax reform since independence. It outlines the issues with the current indirect tax system, including tax cascading, complexity, and evasion. The GST is proposed as a dual GST to be levied concurrently by the central and state governments. It would replace existing indirect taxes and apply uniformly to goods and services. Critics argue it could impact real estate prices and not be significantly different than the current system. Implementation challenges include disputes over tax sharing and the need for sophisticated IT infrastructure. The goal of GST is to simplify taxes and reduce uncertainties of the current system.
The document discusses the Goods and Services Tax (GST) that was introduced in India. It provides an overview of the existing taxation system including sales tax, VAT, excise duty, and service tax. It explains the problems with the current system and the need for GST to simplify taxation. GST is a dual GST model with Central GST and State GST levied on the same base. It aims to remove cascading of taxes and create a unified national market. Key benefits of GST include reduced prices, improved logistics, and a more transparent and efficient tax system.
This document provides an overview of the Goods and Services Tax (GST) implemented in India in 2017. It discusses the history and objectives of GST, how it replaces previous indirect tax frameworks, applicable tax rates for goods and services, the registration process, and comparisons of taxes before and after GST. The impact on consumers is also addressed, noting some items may see reduced prices while the overall effect on monthly expenses depends on spending habits. Some challenges remain in fully implementing the new indirect tax system across India.
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
GST is a comprehensive indirect tax on the supply of goods and services throughout India that replaces 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. When implemented, GST will eliminate tax cascading and provide seamless tax credits, thereby reducing the overall tax burden on goods. It is expected to simplify and rationalize indirect tax structure in India and improve economic growth.
GST : Benefits and challanges in indian context ( By Prachi and Group)MD SALMAN ANJUM
The document discusses the benefits and challenges of implementing GST in India. Some key benefits include abolishing multiple taxes, reducing cascading taxation, developing a common national market, and increasing voluntary compliance. Challenges include ensuring IT infrastructure readiness, training tax officers, managing new registrations, addressing transitional issues, and resolving pending cases. Overall, GST aims to simplify and rationalize indirect taxation in India.
The document is a presentation on value chain analysis as a strategic management tool. It discusses value chain analysis as a way to identify core competencies, recognize competitive advantages, and assess opportunities for improving internal processes. The presentation covers Porter's value chain model, examples of value chain analyses, using value chain analysis to evaluate competitive advantages through assessing costs, differentiation strategies, and vertical linkages. It also provides frameworks for applying value chain analysis, including analyzing industry competition and a company's core competencies, product segments, and generic strategies.
The document summarizes a company's business operations and financial performance from 2004-2009. The core business is distribution and retailing, with diversification into soft goods, furniture, and cosmetics. In 2007, turnover crossed 11.854 billion. While the target was to double turnover to $20 billion by 2009, turnover actually decreased by 6% that year due to effective cost control measures. However, core operating profit increased by 29% and shareholders' profit increased by 39%.
The document discusses Zara, a large fashion company that was started in 1975 in Spain. Zara formed the parent company Inditex in 1985 which is now worth over €10 billion with over 4264 stores and over 89,112 employees worldwide. Zara pioneered a model of "fast fashion", generating over 64% of Inditex's sales with 1520 stores in 72 countries that generate €6.8 billion in annual revenue. Key to Zara's success is launching approximately 11,000 new fashion items per year, much more than competitors, with lower lead times to market through an autonomous store model.
This document summarizes a case study on Louis Vuitton's operations in Japan. It provides background on Louis Vuitton's founding in France in 1854. It then discusses the company's strong growth in Japan from 2002-2004, with annual sales reaching $3.8 billion, due to high quality products and premium pricing. The summary also lists Louis Vuitton's strengths as its brand image and attention to store design, as well as opportunities in the growing Japanese market, but notes threats such as economic downturns and competition from other luxury brands. It recommends diversifying products and markets as well as educating customers on identifying counterfeits.
Amar Chitra Katha, founded in 1967, is one of India's largest comic book publishers known for retelling stories from Indian epics, mythology, and folklore. It was highly successful in print, selling over 90 million copies in 20 languages. However, with the rise of digital media like the internet, television, and mobile devices, Amar Chitra Katha's print sales began declining as readers' habits shifted online. This necessitated a strategic shift towards digital platforms and animated content to remain relevant in a changing media landscape.
The document lists the top 10 countries worst hit by terrorism according to the Terrorism Index, with Iraq ranked first with a TI of 9.56, followed by Pakistan and Afghanistan. The Terrorism Index is a measure that ranks nations based on factors associated with terrorist attacks over a 10-year period to illustrate trends and provide data for researchers and policymakers to analyze.
Infographics on new retail service and business canvas modelAbhishek kyal
The document proposes a new service called Caring Your Appliances that provides customized annual maintenance contract plans for customers' electronic devices. It will offer on-site maintenance and repairs for appliances, computers, AC units, and other electronics. Customers can choose between three different plan levels and receive 24/7 service within 3 hours. The business aims to target medium to high income individuals, corporations, schools, and other institutions by offering flexible service options and competitive pricing.
Marketing research retail case starbucksAbhishek kyal
This document contains a market research project presentation on the Indian retail industry and a case study of Starbucks' expansion abroad. It includes sections on the evolution and types of the Indian retail industry, a SWOT analysis, and breakdown of the industry size and revenues. For Starbucks, it outlines the company's mission, competitors, strengths in core competencies, problems faced, growth initiatives like new products, and recommendations.
TRUMP UNIVERSITY ENTREPRENEURSHIP 101 HOW TO TURN IDEAS INTO MONEY MACHINEAbhishek kyal
This document outlines Abhishek Kyal's presentation on turning ideas into a money machine through entrepreneurship. It discusses that entrepreneurship requires vision and overcoming obstacles. It also explains the CULTURE model for entrepreneurship which focuses on culture, uniqueness, strategy, technology, opportunity, management, and resources. Additionally, it provides tips for finding business ideas, screening opportunities, and bootstrapping resources. Finally, the document discusses business strategy and differentiating through factors like costs, niche targeting, and innovation to achieve superior financial performance.
Using the Crowd as an Innovation Partner by Kevin J. Boudreau and Karim R. LakhaniCommunity-Powered Problem Solving by Francis Gouillart and Douglas BillingsWhen TED Lost Control of Its Crowd by Nilofer Merchant.
The document discusses the theory of emotional buckets put forth by Tom Rath and Donald Clifton, which states that people feel good when their emotional bucket is full and feel awful when it is empty. It notes that relentless negativity can have harmful effects, while positivity increases productivity. The "magic ratio" suggests having five positive interactions for every negative one. Filling emotional buckets through preventing negativity, focusing on positives, building strong relationships, and giving unexpectedly can lead to benefits like a more engaged workplace and improved health and happiness.
integrated marketing communication (IMC) of Modi sarkarAbhishek kyal
The document summarizes the 2014 Indian election campaign of the Bharatiya Janata Party (BJP). The BJP is one of India's major political parties, formed in 1951 with the ideology of "Integral Humanism." During the campaign, the BJP promised to address important issues like rising prices, corruption, and infrastructure development. The objectives of the BJP campaign were to gain the faith and loyalty of masses in India and abroad, motivate youth voters, and call for change. The campaign utilized rallies, social media, videos, and a mobile app to reach over 15,000 spots per day for three months.
Depreciation at delta & singapore airline (HBR)Abhishek kyal
solution on Depreciation at delta and Singapore airlines by HBR. This is a very famous case study about depreciation , changes in method and impact on Profit.
Feelings and empathy in organisational behaviourAbhishek kyal
This is brief presentation about individual about there feelings and empathy, their behavior and response to the situation and prepare your action accordingly.
This document summarizes Coca-Cola's digital marketing strategies over the past 128 years since its founding. It discusses how Coca-Cola uses social media like Facebook and Twitter, as well as mobile apps and games, to directly engage with customers and spread brand messages. Specific campaigns mentioned include Share a Coke, which lets users personalize Coke bottles on Facebook, and initiatives around major events like the FIFA World Cup to promote themes of togetherness and recycling.
How Does CRISIL Evaluate Lenders in India for Credit RatingsShaheen Kumar
CRISIL evaluates lenders in India by analyzing financial performance, loan portfolio quality, risk management practices, capital adequacy, market position, and adherence to regulatory requirements. This comprehensive assessment ensures a thorough evaluation of creditworthiness and financial strength. Each criterion is meticulously examined to provide credible and reliable ratings.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...mayaclinic18
Whatsapp (+971581248768) Buy Abortion Pills In Dubai/ Qatar/Kuwait/Doha/Abu Dhabi/Alain/RAK City/Satwa/Al Ain/Abortion Pills For Sale In Qatar, Doha. Abu az Zuluf. Abu Thaylah. Ad Dawhah al Jadidah. Al Arish, Al Bida ash Sharqiyah, Al Ghanim, Al Ghuwariyah, Qatari, Abu Dhabi, Dubai.. WHATSAPP +971)581248768 Abortion Pills / Cytotec Tablets Available in Dubai, Sharjah, Abudhabi, Ajman, Alain, Fujeira, Ras Al Khaima, Umm Al Quwain., UAE, buy cytotec in Dubai– Where I can buy abortion pills in Dubai,+971582071918where I can buy abortion pills in Abudhabi +971)581248768 , where I can buy abortion pills in Sharjah,+97158207191 8where I can buy abortion pills in Ajman, +971)581248768 where I can buy abortion pills in Umm al Quwain +971)581248768 , where I can buy abortion pills in Fujairah +971)581248768 , where I can buy abortion pills in Ras al Khaimah +971)581248768 , where I can buy abortion pills in Alain+971)581248768 , where I can buy abortion pills in UAE +971)581248768 we are providing cytotec 200mg abortion pill in dubai, uae.Medication abortion offers an alternative to Surgical Abortion for women in the early weeks of pregnancy. Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
3. Why GST?
• Equitable
division of
taxes
• Transparency
• Smoothen
Administration
• Promote exports
• Raise
employment
• Boost growth
• Collection at PoS
• Lower prices
• More demand
In general
For Central &
State Govt.
For
Individuals &
Companies
4. GST
Central State
• Excise duty
• CVD
• Service Tax
• ACD
• VAT
• Entertainment
tax
• Luxury tax
5. Numerical example of
GST
Current tax system Under GST
Cost 100.00 Cost 100.00
Add: Add:
Excise duty @ 16% 16.00 CGST @ 15% 15.00
Factory Price 116.00 Factory Price 115.00
Add: Add:
VAT @ 14% 16.24 SGST @ 12% 12.00
Wholesale price 132.24 Wholesale price 127.00
6. GST AS A CHALLENGE IN INDIAN
ECONOMY
• Long time planning
• Consensus among the states
• Administrative challenges