The effects of the interstate/intrastate transactions of GST regime in India and the processes involved to successfully comply with the GST Tax Calculator.
The Conventional Performance of GST Reporting Tool GSTKeeper
The advent of the GST reporting tool is a blessing to the entire taxpayer’s community. And undoubtedly it will also help the government put a dead stop on the evasion practices in India.
Gst rates decided, 4 slabs ranging from 5 to 28%eTailing India
In a 2 day deliberations in New Delhi beginning today, Government has finalised a 4-tier tax structure ranging from 5% to 28% under a proposed Goods and Services Tax (GST) with some tinkering of the Centre’s proposal.
The State-level Commerce and Industry Department officers held a review of the condition. These officials reviewed a number of investments in the sector of Information Technology sector, solar energy, agriculture and forest produce-based industries.
Source(S): www.youtube.com/watch?v=clpjfKj_7uU
Step by step guide to generate E-Ways Bills Online. This guide has been prepared by NIC.
Read more about GST E-Way Bill at - https://www.profitbooks.net/eway-bill/
Find out how to file GSTR-3B on Government portal. This is a step by step guide.
For more resources on GST, check :
http://www.profitbooks.net/gst/
You can also register free with India's most popular GST software - ProfitBooks.
The Conventional Performance of GST Reporting Tool GSTKeeper
The advent of the GST reporting tool is a blessing to the entire taxpayer’s community. And undoubtedly it will also help the government put a dead stop on the evasion practices in India.
Gst rates decided, 4 slabs ranging from 5 to 28%eTailing India
In a 2 day deliberations in New Delhi beginning today, Government has finalised a 4-tier tax structure ranging from 5% to 28% under a proposed Goods and Services Tax (GST) with some tinkering of the Centre’s proposal.
The State-level Commerce and Industry Department officers held a review of the condition. These officials reviewed a number of investments in the sector of Information Technology sector, solar energy, agriculture and forest produce-based industries.
Source(S): www.youtube.com/watch?v=clpjfKj_7uU
Step by step guide to generate E-Ways Bills Online. This guide has been prepared by NIC.
Read more about GST E-Way Bill at - https://www.profitbooks.net/eway-bill/
Find out how to file GSTR-3B on Government portal. This is a step by step guide.
For more resources on GST, check :
http://www.profitbooks.net/gst/
You can also register free with India's most popular GST software - ProfitBooks.
This guide explains how to file GST returns directly on Government Portal (GSTN).
Also find out how to upload invoices, advance receipts, debit note, credit notes and much more.
This guide also explains the GST tax payments.
For more GST related guides, please visit - http://www.profitbooks.net/gst/
Try ProfitBooks accounting software to comply better with GST.
GST is an Indirect Tax which has replaced many Indirect Taxes in India.
The Act came into effect on 1st July 2017.
Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition.
Accounting and Book-keeping Requirements - UAEJayesh Rawal
Tax Procedures, which sets the foundations for the planned UAE tax system, regulating the administration and collection of taxes and clearly defining the role of the Federal Tax Authority (FTA).
Businesses must Familiarize with the Tax Procedure and VAT Regulation and identify the key action point for their steps towards making business accounting and documentation fully compliant and ready for any inquiry and Tax Audit from Federal Tax Authority (FTA).
Project ‘SAKSHAM’, which is said to be a new indirect tax network (systems integration) of the Central Board of Excise and Customs (CBEC), has been approved by the Cabinet Committee.
The Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Narendra Modi realized a Rs 2,256 crore IT project Saksham of the Central Board of Excise and Customs, which will help in the implementation of the GST and combine CBEC’s system with the GSTN by the GST rollout in April 2017.
According to the mentioned information, Here you will find some basic concepts of Project SAKSHAM for GST, Gen GST Registration, Important Points of the Project SAKSHAM etc.
While adjusting the GST Input credit against GST payable for the month, there is a priority of Set Off rules and which undergone some few changes recently have been explained in this slide share.
#PKC #Managementconsulting #GST #GSTconsulting #auditing #accounting #taxes #taxseason #taxreturn #tax #taxation #indiantax #Finance #assurance #business #services #incometax #RetailConsulting #BusinessGrowth #ProfitGrowth #CorporateFinance #DebtFunding #managementconsulting #ERP #ERPSolutions #SMEConsultants #ManufacturingExperts #CA #FebruaryUpdates #Annualreturn #GSTAudit
Odoo Experience 2018 - Digitalize Your Accounting with Artificial IntelligenceElínAnna Jónasdóttir
During this session we will introduce how your accounting processes can be automated through digitalization, using technologies such as Factur-X and OCR. These new features will allow you to easily convert paper invoices into electronic ones with the help of a smart recognition system for smoother accounting operations in Odoo.
A Glance to GST Calculation in India | GST KeeperGSTKeeper
This presentation takes you to the overview of GST calculation in India. Know the federal nature of India, and the process of GST calculation in India.
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.
This guide explains how to file GST returns directly on Government Portal (GSTN).
Also find out how to upload invoices, advance receipts, debit note, credit notes and much more.
This guide also explains the GST tax payments.
For more GST related guides, please visit - http://www.profitbooks.net/gst/
Try ProfitBooks accounting software to comply better with GST.
GST is an Indirect Tax which has replaced many Indirect Taxes in India.
The Act came into effect on 1st July 2017.
Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition.
Accounting and Book-keeping Requirements - UAEJayesh Rawal
Tax Procedures, which sets the foundations for the planned UAE tax system, regulating the administration and collection of taxes and clearly defining the role of the Federal Tax Authority (FTA).
Businesses must Familiarize with the Tax Procedure and VAT Regulation and identify the key action point for their steps towards making business accounting and documentation fully compliant and ready for any inquiry and Tax Audit from Federal Tax Authority (FTA).
Project ‘SAKSHAM’, which is said to be a new indirect tax network (systems integration) of the Central Board of Excise and Customs (CBEC), has been approved by the Cabinet Committee.
The Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Narendra Modi realized a Rs 2,256 crore IT project Saksham of the Central Board of Excise and Customs, which will help in the implementation of the GST and combine CBEC’s system with the GSTN by the GST rollout in April 2017.
According to the mentioned information, Here you will find some basic concepts of Project SAKSHAM for GST, Gen GST Registration, Important Points of the Project SAKSHAM etc.
While adjusting the GST Input credit against GST payable for the month, there is a priority of Set Off rules and which undergone some few changes recently have been explained in this slide share.
#PKC #Managementconsulting #GST #GSTconsulting #auditing #accounting #taxes #taxseason #taxreturn #tax #taxation #indiantax #Finance #assurance #business #services #incometax #RetailConsulting #BusinessGrowth #ProfitGrowth #CorporateFinance #DebtFunding #managementconsulting #ERP #ERPSolutions #SMEConsultants #ManufacturingExperts #CA #FebruaryUpdates #Annualreturn #GSTAudit
Odoo Experience 2018 - Digitalize Your Accounting with Artificial IntelligenceElínAnna Jónasdóttir
During this session we will introduce how your accounting processes can be automated through digitalization, using technologies such as Factur-X and OCR. These new features will allow you to easily convert paper invoices into electronic ones with the help of a smart recognition system for smoother accounting operations in Odoo.
A Glance to GST Calculation in India | GST KeeperGSTKeeper
This presentation takes you to the overview of GST calculation in India. Know the federal nature of India, and the process of GST calculation in India.
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.
Use scientific GST calculator: Calculate tax liabilities with utmost precisionVedika Sharma
In order to ensure absolute compliance with the new jurisdictional requirements and regulatory guidelines, taxpayers, first of all, need to calculate their tax with utmost precision. This can be ensured only if taxpayers start using advance, sophisticated, and scientific GST calculator.
This is a presentation for those people who wants to understands the basics of gst. This ppt includes how the gst works, Inpu ax Credit, Rates of GST, Composition Scheme etc.
Top 20 GST Interview Questions and Answers in 2023 | Academy Tax4wealthAcademy Tax4wealth
Top 20 GST Interview Questions and Answers in 2023. Goods and Service Tax (GST) is a broad, multi-stage, tax applied at every stage where value is added. GST is the only indirect domestic tax for the entire country. Learn more!
For more information, visit us at:-
https://medium.com/@OnlineAccountingCourses/top-20-gst-interview-questions-and-answers-in-2023-753f0430a16e
Top 20 GST Interview Questions and Answers in 2023 | Academy Tax4wealthAcademy Tax4wealth
Top 20 GST Interview Questions and Answers in 2023. Goods and Service Tax (GST) is a broad, multi-stage, tax applied at every stage where value is added. GST is the only indirect domestic tax for the entire country. Learn more!
For more information, visit us at:-
https://medium.com/@OnlineAccountingCourses/top-20-gst-interview-questions-and-answers-in-2023-753f0430a16e
Top 20 GST Interview Questions and Answers in 2023 | Academy Tax4wealthAcademy Tax4wealth
Top 20 GST Interview Questions and Answers in 2023. Goods and Service Tax (GST) is a broad, multi-stage, tax applied at every stage where value is added. GST is the only indirect domestic tax for the entire country. Learn more!
For more info, visit us at:-
https://academy.tax4wealth.com/blog/gst-interview-questions-and-answers
Top 20 GST Interview Questions and Answers in 2023 | Academy Tax4wealthAcademy Tax4wealth
Top 20 GST Interview Questions and Answers in 2023. Goods and Service Tax (GST) is a broad, multi-stage, tax applied at every stage where value is added. GST is the only indirect domestic tax for the entire country. Learn more!
For more information, visit us at:-
https://academy.tax4wealth.com/blog/gst-interview-questions-and-answers
VARIOUS FORMS OF INCOME TAX ,BASIC KNOWLEDGE OF GST PPT WHICH REQUIRED FOR A STUDENT TO UNDERSTAND DIRECT AND INDIRECT TAXATION.
STUDENTS STUDYING B.COM AND M.COM WILL BE BENEFITED .
In July 2018, GST will complete its first year as the ‘mother of all taxes’. If you have been living under a rock so far and have not yet realized why GST is such a big deal, allow us the opportunity to enlighten you! In this article you will learn about:
What is GST? And why do we need it?
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
2. 2Copyright GST Keeper @ 2017
The Goods and Services Tax is a new taxation regime that has been
implemented all over India by the combined efforts of the GST Council and
the government. But since implementation, the business owners, whether big
or small, are facing problems related to the proper calculation of tax in
India.
Copyright GST Keeper 2018
3. 3Copyright GST Keeper @ 2017
The Goods and Services Tax is destination based and divided into three
broad tax categories. These categories are:
1. CGST- Central Goods and Services Tax
2. SGST- State Goods and Services Tax
3. IGST- Integrated Goods and Services Tax
Copyright GST Keeper 2018
4. 4Copyright GST Keeper @ 2017
CGST
In the case of CGST, a portion of the amount received as tax goes to the
Center government. This tax is levied on the intrastate supply of the goods
and services. The central government directly receives the applicable
CGST.
Copyright GST Keeper 2018
5. 5Copyright GST Keeper @ 2017
SGST
In the case of SGST, a portion of the amount received as tax goes to the
State government. This tax is levied on the intrastate supply of the goods
and services. The state government directly receives the applicable SGST.
Copyright GST Keeper 2018
6. 6Copyright GST Keeper @ 2017
Now in India, various businesses are involved in the supply of the goods and
services that are carried out from one state to another. To avoid the taxation
hassle for such businesses, the government introduced a different category of
IGST.
In the case of IGST, a portion of the amount received as tax goes to both the
center and state governments, divided into two equal parts, thus keeping the
federal powers of both the governments intact.
Copyright GST Keeper 2018
IGST
7. 7Copyright GST Keeper @ 2017
The functioning of the GST Tax Calculator
Suppose if the transaction is intrastate then a user will have to give input on
two primary things:
1. The tax rate/slab under which the purchase/sale of the goods or service
comes.
2. The amount of the goods and services charged by the provider.
The calculator will separately calculate the CGST and SGST applicable to
that particular transaction.
Copyright GST Keeper 2018
8. 8Copyright GST Keeper @ 2017
Suppose if the transaction is interstate then a user will have to give the
same input as given in the intrastate transaction. Once the user puts the tax
rate and amount, the calculator will give the applicable IGST on that
particular transaction.
Copyright GST Keeper 2018
Intrastate Transaction
9. 9Copyright GST Keeper @ 2017
The benefit of taxpayers
Using a GST tax calculator can benefit the user in multiple ways:
1. The high-level and accurate calculation of the tax liabilities.
2. Make calculation based on the GTS exemption list of the goods and
services.
3. Calculation of the tax liabilities as per the rules and regulations of the state.
4. Minimized expenses on consulting the financial experts.
Copyright GST Keeper 2018
10. 10Copyright GST Keeper @ 2017
Exemption Management
The government, for the ease of the micro and
small businesses, has exempted some
businesses completely and kept them aside far
away from the effects of the new taxation
regime. To make the calculations easy, online
GST Tax calculator is made advanced and
integrated with the exemption management
system.
While you use the tax calculator, the goods
and services exempted from the GST regime
would be easily accessible to you, thus helping
in determining that whether you have to pay
the GST on that particular good/service or not.
Copyright GST Keeper 2018
11. 11Copyright GST Keeper @ 2017
The tax calculator does not only helps in the calculation of the taxes but it
ultimately benefits the user to maintain a quality GST compliance and tax
paying status.
Copyright GST Keeper 2018
12. 12Copyright GST Keeper @ 2017
With the technology and taxation walking hands in hands, the overall
taxation in India could be improved and could result in the successful
implementation of the new taxation regime.
Copyright GST Keeper 2018
13. 13Copyright GST Keeper @ 2017
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