GST, Will it Simplify your life

1. PRESENTED BY SOMNATH BHUDARI
(A12400881)
WILL IT SIPLIFY YOUR LIFE?
GST
TOPIC:

2. TABLE OF CONTENT
• ABOUT GST
• COMPARISION
• PRE-GST TAX STRUCTURE
• COMPARISION
• PROS AND CONS
• MY VIEW
• CONCLUSION

3. Goods
and
Services
Tax
Centralized
form
International
ly Accepted
ABOUT GST
Easy to
Track
Levied on
final
market
Price

4. CLASSIFICATION
CGST
UTGST
IGST
SGST
GST

5. PRE-GST, TAX STRUCTURE
GST
VAT
Sales
Tax
Customs
duty
Service
Tax
Excise
Duty

6. COMPARISION
No
cascading
Effect
Uniformity
Easy
Administ
ration
Simple
Revenue
Efficient
Better
control
High
tax
Burden
Complicated
Cascading
effect
Unfavorable
To
Corporates
Tax
Evasion
Leakage
in
regime

7. PROS AND CONS
Reduced Indirect Taxes
Completely Online
Ease of Interstate Business
Less Compliances
Increased Operational Cost
No E-way Bill without GST
Return Filing
Penalties in Late Returns
Smaller Sector Can Face
difficulties

8. MY VIEW
Not only INDIA but also GST has been
implemented by many of FORAIGN
COUNTRIES, It’s an easy to understand
and corruption free TAX VALUATION
METHOD.

9. From all over study, I conclude that
GST has certain positive impacts
like; GST will also help to build a
transparent and corruption free tax
administration.
Conclusion

10. ACKNOWLEDGEMENT
I would like to acknowledge the institute of
computer accountants and the members those who
are associated with it. My special thanks to
………..for being a patient viewer of my
presentation.

11. THANK YOU