Future of services and service providers - Dr Sanjiv AgarwalD Murali ☆
Future of services and service providers - Dr Sanjiv Agarwal - Article published in Business Advisor, dated February 25, 2017 - http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
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.
In this you will find a detailed introduction about GST and its conceptual aspects.
1. What is GST.
2. benefit of GST.
3. Importance for different class of people.
4. Registration requiremnets.
5. Supply
6. Place of supply.
7. Value of supply.
8. Time of supply.
9. Returns
In this you will find a detailed introduction about GST and its conceptual aspects.
1. What is GST.
2. benefit of GST.
3. Importance for different class of people.
4. Registration requiremnets.
5. Supply
6. Place of supply.
7. Value of supply.
8. Time of supply.
9. Returns
ELP- Interplay of Customs Law & FTP with GSTelroybo
The intricacies of doing business in the export market, in light of the provisions of GST laws, the amendments to the Customs Act and the mid-term review of Foreign Trade Policy 2015-2020.
Difference Between Reverse Charge And Forward Charge in GSTUpasanaTaxmann
What is Reverse charge mechanism and forward charge mechanism in gst? What is the difference between these two. This presentation explains you the difference. For more information on and topic of GST, visit Taxmann's blog https://www.taxmann.com//BlogPost.aspx.For GST Billing & Invoicing you can use our software Taxmann's one solution: http://www.taxmann.com/onesolution/ and get your free demo.
Renewed hopes on GST - Dr Sanjiv AgarwalD Murali ☆
Renewed hopes on GST - Dr Sanjiv Agarwal - Article published in Business Advisor, dated June 25, 2016 - http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
Tweeted on www.twitter.com/BusinessAdvDM
There are various problematic areas which will make the road of GST difficult for the assessees to ride upon. We have summarized some of the problems in the draft Model GST Law in this article.
Basic tenets of GST - Dr Sanjiv Agarwal - Article published in Business Advisor, dated May 10, 2016 - http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
Tweeted on www.twitter.com/BusinessAdvDM #BusinessAdvisorArchives
A brief understanding of proposed provisions of Goods & Service Tax, 2016. It includes Dual Structure of GST, Input Credit of GST, Returns or Payments in GST, TDS/TCS in GST.
Basic Overview of Goods & Service Tax. this report covers various taxable events, exemption, Input Tax Credit, Place of supply, tax invoice, other voucher and penalty and offence. This is for common user for their first hand use.
Investing in the financial markets involves risk. Asset prices can be influenced by a myriad of factors, such as economic conditions, industry-specific news, geopolitical events, and investor sentiment. While it is impossible to predict or control these variables entirely, portfolio diversification can mitigate risk and potentially enhance returns.
How RERA Project Registration Promotes Transparency in the Real Estate Sector...Online Chartered
RERA project registration in Gujarat enhances the credibility and transparency of your project details. Register your project under RERA with the experts of Online Chartered.
Future of services and service providers - Dr Sanjiv AgarwalD Murali ☆
Future of services and service providers - Dr Sanjiv Agarwal - Article published in Business Advisor, dated February 25, 2017 - http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
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.
In this you will find a detailed introduction about GST and its conceptual aspects.
1. What is GST.
2. benefit of GST.
3. Importance for different class of people.
4. Registration requiremnets.
5. Supply
6. Place of supply.
7. Value of supply.
8. Time of supply.
9. Returns
In this you will find a detailed introduction about GST and its conceptual aspects.
1. What is GST.
2. benefit of GST.
3. Importance for different class of people.
4. Registration requiremnets.
5. Supply
6. Place of supply.
7. Value of supply.
8. Time of supply.
9. Returns
ELP- Interplay of Customs Law & FTP with GSTelroybo
The intricacies of doing business in the export market, in light of the provisions of GST laws, the amendments to the Customs Act and the mid-term review of Foreign Trade Policy 2015-2020.
Difference Between Reverse Charge And Forward Charge in GSTUpasanaTaxmann
What is Reverse charge mechanism and forward charge mechanism in gst? What is the difference between these two. This presentation explains you the difference. For more information on and topic of GST, visit Taxmann's blog https://www.taxmann.com//BlogPost.aspx.For GST Billing & Invoicing you can use our software Taxmann's one solution: http://www.taxmann.com/onesolution/ and get your free demo.
Renewed hopes on GST - Dr Sanjiv AgarwalD Murali ☆
Renewed hopes on GST - Dr Sanjiv Agarwal - Article published in Business Advisor, dated June 25, 2016 - http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
Tweeted on www.twitter.com/BusinessAdvDM
There are various problematic areas which will make the road of GST difficult for the assessees to ride upon. We have summarized some of the problems in the draft Model GST Law in this article.
Basic tenets of GST - Dr Sanjiv Agarwal - Article published in Business Advisor, dated May 10, 2016 - http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
Tweeted on www.twitter.com/BusinessAdvDM #BusinessAdvisorArchives
A brief understanding of proposed provisions of Goods & Service Tax, 2016. It includes Dual Structure of GST, Input Credit of GST, Returns or Payments in GST, TDS/TCS in GST.
Basic Overview of Goods & Service Tax. this report covers various taxable events, exemption, Input Tax Credit, Place of supply, tax invoice, other voucher and penalty and offence. This is for common user for their first hand use.
Investing in the financial markets involves risk. Asset prices can be influenced by a myriad of factors, such as economic conditions, industry-specific news, geopolitical events, and investor sentiment. While it is impossible to predict or control these variables entirely, portfolio diversification can mitigate risk and potentially enhance returns.
How RERA Project Registration Promotes Transparency in the Real Estate Sector...Online Chartered
RERA project registration in Gujarat enhances the credibility and transparency of your project details. Register your project under RERA with the experts of Online Chartered.
RERA project registration in Gujarat enhances the credibility and transparency of your project details. Register your project under RERA with the experts of Online Chartered.
Related party transactions (RPTs) are an integral part of any business, as companies often engage in transactions with parties that have some sort of relationship with the company.
GST registration is an indirect form of tax where the supplier collects the tax from the purchaser and deposits it with the government. But there are few instances where suppliers are eligible to get a refund under GST from the government.
Nowadays the GST department has come up with all new weapons to mitigate non-compliances under GST. The suspension of GST registration under GST helps the GST officer to identify the fraud-causing circumstances and prevent it before it actually takes place. There are certain parameters and criteria on the basis of which GST officers suspend GST registration.
Procedure for the conversion of partnership firm into llp convertedOnline Chartered
Conversion Of Partnership Firm into LLP have more preference over the standard partnership structure because it's more advantageous for the partners. It is a business model that combines the advantages of the corporate structure of the business and the flexibility of a partnership. The transition of a partnership company to LLP is as per Section 55 in the Limited Liability Partnership Act 2008 as interpreted by Section II in the Act.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
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Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
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RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
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Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
1. GTA Services
Introduction:
The term GTA stands for Goods Transport Agency. This term has its
importance under GST because of the unique taxability of these services. The
legal position of a person who is providing service of transportation of goods
(Except GTA) is exempt from tax i.e GST does not apply to such supplies. The
GST is applicable only if the person supplying goods is a Goods Transportation
Agency. The recipient of this service is liable to pay tax under the reverse
charge mechanism. The whole concept has been cleared hereinafter.
What is GTA- GTA stands for Goods transportation agency.
Any person providing service of transportation of goods by road and issuing
the consignment note by whatever name is called is to be considered as GTA.
The here most important thing to note is that to be considered GTA, one has
to issue the consignment note. If the consignment note is not issued, the
transporter will not fall within the ambit of GTA. The Consignment note is the
2. indication that it is the responsibility of the transporter (GTA) to safely deliver
the goods to the consignee. The services provided by those individual
transporters who do not issue a consignment note will be covered by the entry
at s.no.18 of notification no.12/2017-Central Tax (Rate), which is exempt
from GST.
What is a consignment note?
A consignment note is not defined under the GST act so we are taking
reference to Service tax rules where the explanation of the consignment note
is given. It has been described as the consignment note is the document
issued by GTA. The consignment note must be serially numbered and a few
pieces of information must be prescribed on it such as details of consignee
and consignor, description of goods, their quantity and rates, detail of place
of origin of goods and their destination, the registration number of the vehicle
through which goods are being transported.
Rate of GST applicable to GTA:
Recently the government has issued a new set of GST rates applicable to GTA.
The notification 03/2022 Central Tax (Rate) dated 13/07/2022 has amended
serial number 9 of the original notification 11/2017 Central Tax (Rate) dated
28/06/2017 which indicates the GST rates applicable to GTA. According to the
latest notification, the Goods transport agency has two options available.
Option No-1: GTA does not exercise an option to pay tax by itself. Meaning
that the receiver of services shall pay the tax under Reverse Charge
Mechanism. In this case, 5% (2.5% CGST and 2.5%5 SGST) GST shall be
applicable. Here the liability to deposit the tax shall be with the receiver of the
service. In such a scenario the GTA is not allowed to take ITC of inputs.
Option 2: GTA exercises the option to pay tax by itself. In such case, the
supplier i.e GTA shall collect the tax from the receiver and deposit it with the
3. government. Here the liability to deposit the tax shall be with the GTA. In such
a case, GTA shall collect GST at 12% if GTA wants to take and utilize the ITC.
If GTA does not want to take the benefit of ITC then a 5% GST rate shall be
applicable and GTA is liable to collect only 5% from the receiver and deposit
it with the government. So the fundamental difference between the two rates'
applicability in option 2 is that of the benefit of ITC. If GTA wants to take the
benefit of ITC then 12% GST shall be applicable or if GTA does not want to
take the benefit of ITC then 5%.
The basic different difference between option number 1 and 2 is the
mechanism to pay the tax. Under option number 1, the receiver shall deposit
the tax under Reverse Charge Mechanism. Under option number 2, the
supplier i.e the GTA shall deposit the tax.
If GTA wants to exercise the option to pay tax by itself then the declaration in
Annexure-V (Attached herewith) has to be submitted on or before the 15th
of
March of the preceding financial year.
GTA services are exempt for a certain category of goods or services. Here’s
the list.
As per notification 12/2017 Central Tax (Rate) dated 28/06/2017, the
following services provided by GTA are exempt from payment of tax.
Services provided by GTA by way of transportation of:
1. Agriculture product
2. goods, where consideration charged for the transportation of goods on
a consignment transported in a single carriage does not exceed one
thousand five hundred rupees
3. goods, where consideration charged for transportation of all such goods
for a single consignee does not exceed rupees seven hundred and fifty
4. milk, salt and food grain including flour, pulses and rice;
4. 5. organic manure
6. Newspapers or magazines registered with the Registrar of Newspapers
7. relief materials meant for victims of natural or man-made disasters,
calamities, accidents or mishaps; or
8. defence or military equipment
Similarly, the following services received by the GTA are also exempt in terms
of notification no.12/2017- Central Tax (Rate) dated 28.06.2017 (sr.no.22)
- Services by way of giving on hire to any goods transport agency, a
means of transportation of goods.
Thus, if the GTA hires a means of transportation of goods, no GST is payable
on such transactions.
Conclusion:
From the above discussions, we can say that not all those transporters are
GTA. To qualify as GTA the transporter has to necessarily issue the
consignment note. Any transport services provided by a person other than
GTA are exempt from taxes.
FYI-
Annexure-V
Form for exercising the option by a Goods Transport Agency (GTA) for
payment of GST on the GTA services supplied by him under forward charge
before the commencement of any financial year to be submitted before the
jurisdictional GST Authority.
Reference No.-
Date: -
5. 1. I/We______________ (Name of Person), authorised representative of
M/s......................... have taken registration/have applied for
registration and do hereby undertake to pay GST on the GTA services
in relation to transportation of goods supplied by us during the
financial year...............under forward charge following section 9(1)
of the CGST Act, 2017 and to comply with all the provisions of the CGST
Act, 2017 as they apply to a person liable for paying the tax in relation
to supply of any goods or services or both;
2. I understand that this option once exercised shall not be allowed to be
changed within one year from the date of exercising the option and will
remain valid till the end of the financial year for which it is exercised.
Legal Name: -
GSTIN: -
PAN No.
Signature of Authorised representative:
Name of Authorised Signatory:
Full Address of GTA: