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1. FCA, B.COM, MBA, LLB

2. CA Sanjiv Nanda
PM Modi, to fix problem in GST cited by Businesses.
“We have seen closely what is working and what is
not……
We are not orthodox and conservative.
We also don’t know everything. But if something needs
to be done,
We shall do it,”

3. Quarter wise Return for Regular Taxpayer
CA Sanjiv Nanda
After “GST 1st July 2017” After “Major Change in GST 6-
Oct-2017”
 All Manufactures and sellers
Paid “GST Three Return a
Month” It also Paid by Service
Providers such as telecom Providers ,
Consultants, Chartered accountants
etc…..
 One such decision was to let
businesses with less than
“1.5 corers annual
turnover” that make up for
nearly
90 % of tax assesses but
contribute very little tax file
return and pay taxes on a
quarterly, rather than monthly
basis

4. Limit for Composition Scheme
CA Sanjiv Nanda
After “GST 1st July 2017” After “Major Change in GST
6-Oct-2017”
 Applicable for Only those
BUSINESSES whose aggregate turnover
in the Preceding Financial Year was
below Rs. 75 Lakhs;
 Can NOT be Granted to Following
Taxable Persons :-
 GST Tax on Manufacturer=
1%(CGST) + 1%(SGST) = 2% (Total).
 GST Tax Rate on Traders=
0.5%(CGST) + 0.5%(SGST)= 1%
(Total).
 Restaurant Services; (GST Rate =
2.5%(CGST) + 2.5%(SGST) = 5%
Total)
 Composition scheme which
allows small traders to pay a
standard tax rate- from Rs-75
lakh in turnover to Rs. 1 crore.
These establishments pay
standard tax rates;
 GST Tax on Manufacturer
1%(CGST) + 1%(SGST) = 2%
(Total).,
GST Tax Rate on
Traders=0.5%(CGST) +
0.5%(SGST)= 1% (Total).
Restaurant Service: (GST
Rate = 2.5%(CGST) +
2.5%(SGST) = 5% Total)

5. Reverse Charge
CA Sanjiv Nanda
After “GST 1st July 2017” After “Major Change in GST 6-Oct-
2017”
 “GST” Reverse Charge
Mechanism (RCM) basically means
that the “GST” is to be paid and
deposited with the Government by
the recipient of Goods/ Service and
not by the Supplier of Goods/
Service.
Under the normal mechanism of
levy of “GST” , The Receiver of
Good/ Service pays the “GST” to
the supplier of Goods/ Service and
such supplier then deposited the
“GST” with the Government.( After
taking the benefit of input tax
credit).
 Reverse Charge mechanism was
being suspended till March 2018.

6. CA Sanjiv Nanda
Exporters :- For exporters who had complained
their working capital was locked up, the GST council
meet told the government to start issuing refund
cheques from 10 October.
 E-Wallets :- By 1 April Next year, the council also
targeted to have E-wallets for every exporter where a
notional amount will be credited as an advance credit
to pay their taxes.

7. After Major Change in “GST” Rate List
CA Sanjiv Nanda
Description of Goods After 1 July 2017
GST Rate
After 6 Oct 2017
GST Rate
Sliced dried
Mango
12% 5%
5%
5%
12%
12%
Khakra
Plan Chapati

8. After Major Change in “GST” Rate List
CA Sanjiv Nanda
Description of Goods After 1 July 2017
GST Rate
After 6 Oct 2017
GST Rate
Baby pack food ` 12% 5%
5%
5%
12%
12%
Unbranded
Namkeen
Unbranded ayurvedic
medicine

9. After Major Change in “GST” Rate List
CA Sanjiv Nanda
Description of Goods After 1 July 2017
GST Rate
After 6 Oct 2017
GST Rate
Pump Parts 28% 18%
5%
5%
18%
12%
Rubber waste
Paper waste

10. After Major Change in “GST” Rate List
CA Sanjiv Nanda
Description of Goods After 1 July 2017
GST Rate
After 6 Oct 2017
GST Rate
stone (other than
marble and granite) 28% 18%
18%
18%
28%
28%
Stationery
Diesel Engine
parts

11. After Major Change in “GST” Rate List
CA Sanjiv Nanda
Description of Goods After 1 July 2017
GST Rate
After 6 Oct 2017
GST Rate
E- waste 28% & 18% 18%
5%
5%
12%
12%
Job works ( Zari, Imitations,
food Item, Printer item )
Labour Government
Contracts

12. After Major Change in “GST” Rate List
CA Sanjiv Nanda
Description of Goods After 1 July 2017
GST Rate
After 6 Oct 2017
GST Rate
Sabut khatai 12% 5%
12%
12%
18%
18%
Nylon Cloth
Polyester cloth

13. After Major Change in “GST” Rate List
CA Sanjiv Nanda
Description of Goods After 1 July 2017
GST Rate
After 6 Oct 2017
GST Rate
Synthetic Yarn 18% 12%
5%18%Plastic

14.  This Presentation is only for the Purposes of General
Information and Cannot be taken as an Expert Opinion on
any matters discussed Here-in.
 No Person or Business Entity shall be held responsible for
any losses occurring due to any interpretation done from
this presentation.
 If any certified Opinion or Interpretation is required then
personal interaction should be done after settling the fees
with the expert presenting this information.
 The Presentation is being done based only on the
information presently available in the public domain and
some information is still awaited from GST authorities.
DISCLAIMER ON GST INFO
CA. Sanjiv Nanda, Smarthead Consultants

15. Thanks For A Patient
CA. Sanjiv Nanda
Smarthead Consultants pvt. LtD.
NDR & Co. , Chartered Accountants
You Tube Channel :- Seek Expert Business Advice
Personal Id :- ca.sanjiv.nanda@gmail.com
Personal id ;- sanjiv.nanda@gmail.com
sanjiv.nanda@smartheadconsulting.com
https://www.youtube.com/channel/UCmmx2GFXeoF-DNtNjwnpYJA
https://www.facebook.com/ca.sanjivnanda919/

16. CA. Sanjiv Nanda, Smarthead Consultants