The document discusses taxation and the Goods and Services Tax (GST) implemented in India. It provides background on taxation, including definitions of tax, objectives of taxation, and types of taxes such as direct and indirect taxes. It then focuses on GST, defining it as a comprehensive tax on the supply of goods and services that aims to replace existing indirect taxes. GST is described as a dual model with Central GST and State GST applied to intrastate transactions, and Integrated GST applied to interstate transactions. The goals of GST are outlined as creating a single, unified Indian market, reducing the cascading effect of taxes, and simplifying the tax system in India.
The document discusses the provisions related to registration under the GST law. It explains that registration is compulsory for taxable persons if their aggregate turnover exceeds the prescribed threshold and gives certain categories of persons who are required to register irrespective of the threshold. It provides details about the procedure for obtaining regular registration including filing of application forms, verification process, and issuance of registration certificate. It also summarizes key aspects related to amendment, cancellation, and revocation of registration.
GST TRAINING ON VARIOUS CONCEPTS OF GST-2GST Law India
This presentation enumerates about Composition Scheme under GST, registration under GST and composition scheme, invoicing, filing of returns through various forms and payment of tax under GST.
This document provides an overview of key GST concepts including levy and collection, composition levy, input tax credit, registration procedures, tax invoices, and other documentation.
The main topics covered are levy and collection of CGST and SGST, composition levy eligibility and conditions, input tax credit eligibility and components, registration procedures including application, amendment and cancellation, and requirements for tax invoices, credit/debit notes, receipt/refund vouchers, and payment vouchers.
Input Tax Credit (ITC) in GST with Practical ExamplesGSTIndia.biz
Learn everything you should know about Input Tax Credit (ITC) in GST by Ashu Dalmia (GST Consultant, Trainer & Author)
Credit is backbone of whole GST for all businesses and without proper understanding of input, organisation can be badly hit.
The document discusses input tax credit (ITC) under the Goods and Services Tax (GST) regime in India. Some key points:
1. ITC aims to ensure tax is levied only on value addition at each stage of supply chain to eliminate cascading of taxes. Only registered taxpayers can claim ITC subject to certain conditions.
2. Eligible inputs/services include those used in business. Capital goods are eligible for ITC over multiple years. ITC must be claimed within prescribed time limits and supported by valid documents.
3. ITC is allowed for taxable and zero-rated supplies but not for exempt, non-taxable or personal consumption. Credit must be apportioned
The document discusses the provisions related to registration under the GST law. It explains that registration is compulsory for taxable persons if their aggregate turnover exceeds the prescribed threshold and gives certain categories of persons who are required to register irrespective of the threshold. It provides details about the procedure for obtaining regular registration including filing of application forms, verification process, and issuance of registration certificate. It also summarizes key aspects related to amendment, cancellation, and revocation of registration.
GST TRAINING ON VARIOUS CONCEPTS OF GST-2GST Law India
This presentation enumerates about Composition Scheme under GST, registration under GST and composition scheme, invoicing, filing of returns through various forms and payment of tax under GST.
This document provides an overview of key GST concepts including levy and collection, composition levy, input tax credit, registration procedures, tax invoices, and other documentation.
The main topics covered are levy and collection of CGST and SGST, composition levy eligibility and conditions, input tax credit eligibility and components, registration procedures including application, amendment and cancellation, and requirements for tax invoices, credit/debit notes, receipt/refund vouchers, and payment vouchers.
Input Tax Credit (ITC) in GST with Practical ExamplesGSTIndia.biz
Learn everything you should know about Input Tax Credit (ITC) in GST by Ashu Dalmia (GST Consultant, Trainer & Author)
Credit is backbone of whole GST for all businesses and without proper understanding of input, organisation can be badly hit.
The document discusses input tax credit (ITC) under the Goods and Services Tax (GST) regime in India. Some key points:
1. ITC aims to ensure tax is levied only on value addition at each stage of supply chain to eliminate cascading of taxes. Only registered taxpayers can claim ITC subject to certain conditions.
2. Eligible inputs/services include those used in business. Capital goods are eligible for ITC over multiple years. ITC must be claimed within prescribed time limits and supported by valid documents.
3. ITC is allowed for taxable and zero-rated supplies but not for exempt, non-taxable or personal consumption. Credit must be apportioned
GST will replace current indirect tax system in India. Brokers need to understand how GST applies to their business, including applicable rates, input tax credits, registration requirements, and compliance obligations like filing returns. Authorized persons may need to register depending on broker arrangements. Mistakes can only be rectified within annual or September return filing period. INMACS can help brokers with GST migration, compliance, advisory services, and identifying optimization opportunities.
Maintenance of Accounts and Records, GST compliances and process of GST return filings. Type of Return under GST. Return under CGST, SGST, IGST. GSTR1, GSTR2, GSTR3,
This document provides an overview of input tax credit (ITC) under the Goods and Services Tax (GST) regime in India. It defines key terms related to ITC such as input, capital goods, input tax, output tax, and reverse charge. It outlines the conditions for claiming ITC and lists items for which ITC is ineligible. It also discusses proportionate credit, adjustments to ITC, transition provisions for claiming ITC on stock, and the process for claiming ITC on inter-state and intra-state supplies.
This document provides an overview of the proposed Goods and Services Tax (GST) model in India. It discusses the perceived benefits of GST, the existing indirect tax structure, key features of the Constitution Amendment Bill, the proposed GST model including features of the draft GST law, the role of the GST Network and Central Board of Excise and Customs, and the next steps toward implementation. The key aspects covered are the dual GST structure of CGST and SGST/IGST, the proposed tax rates and compliance requirements, and the transition process.
This document provides an overview of the Goods and Services Tax (GST) that is being implemented in India. It discusses the problems with the current indirect tax system, why GST is being introduced, the framework of GST including which central and state taxes will be subsumed, GST registration requirements, taxes and credit utilization, invoicing under GST, time of supply, and benefits of GST. The document also provides details on present tax structure, problems with sales tax, why India needs GST, and what approach businesses should take to prepare for the transition to GST.
The document provides an overview of the Goods and Services Tax (GST) in India. It discusses the existing indirect tax structure, the taxes that will be subsumed under GST, key features of GST including benefits, tax rates, and timelines for implementation. Important concepts under GST like supply, consideration, location of supplier and receiver, and time and place of supply are also summarized.
Transitional provisions and CTD draft rules under GST in Indiasanjay gupta
Transitional provisions and rules notified in GST in India for migration and availing credits on stock in hand and draft rules for CTD ( Credit transfer document)
This document provides an overview of the Goods and Service Tax (GST) system that will be implemented in India. It states that GST is a destination-based tax on the consumption of goods and services. It will replace many existing taxes levied by the central and state governments. The document outlines the key features of GST, including what will be taxed, the types of GST (CGST, SGST, IGST), invoice requirements, input tax credit rules, registration requirements, and transitional provisions for existing taxpayers. It concludes by listing several actions businesses need to take to prepare for GST implementation, such as classifying items and updating vendor/customer information.
GST overview presentation ca vichar manch 12-05-2017 vinod jainAnu Insan
The document discusses the passage of the key GST bills in India and provides details on the implementation of GST. It notes that four acts were passed - the Central GST Act, Integrated GST Act, Union Territory GST Act, and the Compensation Act. It also outlines some of the draft GST rules issued and states that the government aims to roll out GST on July 1st, 2017. Further, it describes aspects of the new GST framework such as the types of taxes subsumed, registration requirements, taxation of supplies, input tax credit mechanics, and definitions under the CGST Act.
1) Tax invoices must be issued by registered taxpayers for taxable supplies of goods or services, before or at the time of removal, delivery, or provision. Credit and debit notes can be issued for adjustments.
2) Composition dealers and exempt supplies require bills of supply instead of tax invoices. Receipts are given for advances, and payment vouchers for reverse charge supplies from unregistered persons.
3) Credit notes must be issued within 30 days of the end of the financial year for excess charges. Debit notes are for short charges. Details must be declared in GST returns.
Input tax credit & matching with return under gstNikhil Malaiyya
Input tax credit under GST, Matching with return under GST, Annual Return, Final Return, Monthly return, late filing fees under GST, Transitional Provision
The GST Council has relaxed filing rules for the first two months post implementation. Here's how to file your returns for these months using form GSTR 3B. To know more about GSTR 3B, visit our page https://cleartax.in/s/gstr-3b
If you have any Query you can contact Us
Mail id:- ca.sanjiv.nanda@gmail.com
Youtube Channel :- https://www.youtube.com/channel/UCmmx2GFXeoF-DNtNjwnpYJA
Website :- http://www.sanjivnanda.com/
Facebook link :- https://www.facebook.com/ca.sanjivnanda919/
Twitter :- https://twitter.com/
GST is a comprehensive indirect tax levied on supply of goods and services. India has adopted a dual GST model where both central and state governments can levy GST. Key points include that GST will subsume most indirect taxes, exceptions include alcohol, petroleum and real estate. Registration is required if annual turnover exceeds Rs. 25 lakhs and involves obtaining a 15-digit GST identification number. The document provides details on registration procedures, compounding, exceptions and migration of existing taxpayers to GST.
GST returns require various monthly, quarterly, and annual filings by different registered taxpayer types. Monthly returns include GSTR-1 for outward supply details, GSTR-2 for inward supply details, and GSTR-3 which is the final monthly return filed along with tax payment. Quarterly returns apply to composite taxpayers, while annual returns like GSTR-9 are required for audited accounts. Special returns also apply to input service distributors, non-resident foreign taxpayers, and e-commerce operators. Due dates for returns generally fall on the 10th, 15th, or 20th of the following month.
The document provides an overview of key aspects of the proposed Goods and Services Tax (GST) model in India, including:
1) The proposed dual GST structure that would replace existing indirect taxes, with CGST and SGST charged on intra-state supply and IGST on inter-state supply.
2) Features of the model including it being a destination-based consumption tax, threshold limits for exemption, and utilization of input tax credits.
3) Transitional provisions for migration of existing taxpayers to GST, including transfer of input tax credits and treatment of pending claims and proceedings.
GST TRAINING ON VARIOUS CONCEPTS OF GSTGST Law India
This presentation enumerates the constitutional aspect of GST with amendments, GST levy on goods and services in inter-state and intra-state supply, what is supply, types of supply, the supply of goods or services, persons liable to pay tax under GST, taxable and distinct persons under GST and reverse charge mechanism under GST.
The document summarizes key aspects of the Integrated Goods and Services Tax (IGST) and compensation draft law in India. It discusses how IGST will be charged on all inter-state supplies of goods and services at an aggregate rate of CGST and SGST. Intra-state supplies will be charged CGST and SGST, which will be equal in rate. Place of supply rules are provided for goods and services to determine whether a supply is inter-state or intra-state. Input tax credit provisions and treatment of zero-rated supplies are also summarized briefly.
Brief Introduction of India's Biggest Tax Reform GST[GOODS & SERVICE TAX]. Its impact on Indian economy , Its Benefit, Limitations and its Current Scenario in Other Countries
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.
GST will replace current indirect tax system in India. Brokers need to understand how GST applies to their business, including applicable rates, input tax credits, registration requirements, and compliance obligations like filing returns. Authorized persons may need to register depending on broker arrangements. Mistakes can only be rectified within annual or September return filing period. INMACS can help brokers with GST migration, compliance, advisory services, and identifying optimization opportunities.
Maintenance of Accounts and Records, GST compliances and process of GST return filings. Type of Return under GST. Return under CGST, SGST, IGST. GSTR1, GSTR2, GSTR3,
This document provides an overview of input tax credit (ITC) under the Goods and Services Tax (GST) regime in India. It defines key terms related to ITC such as input, capital goods, input tax, output tax, and reverse charge. It outlines the conditions for claiming ITC and lists items for which ITC is ineligible. It also discusses proportionate credit, adjustments to ITC, transition provisions for claiming ITC on stock, and the process for claiming ITC on inter-state and intra-state supplies.
This document provides an overview of the proposed Goods and Services Tax (GST) model in India. It discusses the perceived benefits of GST, the existing indirect tax structure, key features of the Constitution Amendment Bill, the proposed GST model including features of the draft GST law, the role of the GST Network and Central Board of Excise and Customs, and the next steps toward implementation. The key aspects covered are the dual GST structure of CGST and SGST/IGST, the proposed tax rates and compliance requirements, and the transition process.
This document provides an overview of the Goods and Services Tax (GST) that is being implemented in India. It discusses the problems with the current indirect tax system, why GST is being introduced, the framework of GST including which central and state taxes will be subsumed, GST registration requirements, taxes and credit utilization, invoicing under GST, time of supply, and benefits of GST. The document also provides details on present tax structure, problems with sales tax, why India needs GST, and what approach businesses should take to prepare for the transition to GST.
The document provides an overview of the Goods and Services Tax (GST) in India. It discusses the existing indirect tax structure, the taxes that will be subsumed under GST, key features of GST including benefits, tax rates, and timelines for implementation. Important concepts under GST like supply, consideration, location of supplier and receiver, and time and place of supply are also summarized.
Transitional provisions and CTD draft rules under GST in Indiasanjay gupta
Transitional provisions and rules notified in GST in India for migration and availing credits on stock in hand and draft rules for CTD ( Credit transfer document)
This document provides an overview of the Goods and Service Tax (GST) system that will be implemented in India. It states that GST is a destination-based tax on the consumption of goods and services. It will replace many existing taxes levied by the central and state governments. The document outlines the key features of GST, including what will be taxed, the types of GST (CGST, SGST, IGST), invoice requirements, input tax credit rules, registration requirements, and transitional provisions for existing taxpayers. It concludes by listing several actions businesses need to take to prepare for GST implementation, such as classifying items and updating vendor/customer information.
GST overview presentation ca vichar manch 12-05-2017 vinod jainAnu Insan
The document discusses the passage of the key GST bills in India and provides details on the implementation of GST. It notes that four acts were passed - the Central GST Act, Integrated GST Act, Union Territory GST Act, and the Compensation Act. It also outlines some of the draft GST rules issued and states that the government aims to roll out GST on July 1st, 2017. Further, it describes aspects of the new GST framework such as the types of taxes subsumed, registration requirements, taxation of supplies, input tax credit mechanics, and definitions under the CGST Act.
1) Tax invoices must be issued by registered taxpayers for taxable supplies of goods or services, before or at the time of removal, delivery, or provision. Credit and debit notes can be issued for adjustments.
2) Composition dealers and exempt supplies require bills of supply instead of tax invoices. Receipts are given for advances, and payment vouchers for reverse charge supplies from unregistered persons.
3) Credit notes must be issued within 30 days of the end of the financial year for excess charges. Debit notes are for short charges. Details must be declared in GST returns.
Input tax credit & matching with return under gstNikhil Malaiyya
Input tax credit under GST, Matching with return under GST, Annual Return, Final Return, Monthly return, late filing fees under GST, Transitional Provision
The GST Council has relaxed filing rules for the first two months post implementation. Here's how to file your returns for these months using form GSTR 3B. To know more about GSTR 3B, visit our page https://cleartax.in/s/gstr-3b
If you have any Query you can contact Us
Mail id:- ca.sanjiv.nanda@gmail.com
Youtube Channel :- https://www.youtube.com/channel/UCmmx2GFXeoF-DNtNjwnpYJA
Website :- http://www.sanjivnanda.com/
Facebook link :- https://www.facebook.com/ca.sanjivnanda919/
Twitter :- https://twitter.com/
GST is a comprehensive indirect tax levied on supply of goods and services. India has adopted a dual GST model where both central and state governments can levy GST. Key points include that GST will subsume most indirect taxes, exceptions include alcohol, petroleum and real estate. Registration is required if annual turnover exceeds Rs. 25 lakhs and involves obtaining a 15-digit GST identification number. The document provides details on registration procedures, compounding, exceptions and migration of existing taxpayers to GST.
GST returns require various monthly, quarterly, and annual filings by different registered taxpayer types. Monthly returns include GSTR-1 for outward supply details, GSTR-2 for inward supply details, and GSTR-3 which is the final monthly return filed along with tax payment. Quarterly returns apply to composite taxpayers, while annual returns like GSTR-9 are required for audited accounts. Special returns also apply to input service distributors, non-resident foreign taxpayers, and e-commerce operators. Due dates for returns generally fall on the 10th, 15th, or 20th of the following month.
The document provides an overview of key aspects of the proposed Goods and Services Tax (GST) model in India, including:
1) The proposed dual GST structure that would replace existing indirect taxes, with CGST and SGST charged on intra-state supply and IGST on inter-state supply.
2) Features of the model including it being a destination-based consumption tax, threshold limits for exemption, and utilization of input tax credits.
3) Transitional provisions for migration of existing taxpayers to GST, including transfer of input tax credits and treatment of pending claims and proceedings.
GST TRAINING ON VARIOUS CONCEPTS OF GSTGST Law India
This presentation enumerates the constitutional aspect of GST with amendments, GST levy on goods and services in inter-state and intra-state supply, what is supply, types of supply, the supply of goods or services, persons liable to pay tax under GST, taxable and distinct persons under GST and reverse charge mechanism under GST.
The document summarizes key aspects of the Integrated Goods and Services Tax (IGST) and compensation draft law in India. It discusses how IGST will be charged on all inter-state supplies of goods and services at an aggregate rate of CGST and SGST. Intra-state supplies will be charged CGST and SGST, which will be equal in rate. Place of supply rules are provided for goods and services to determine whether a supply is inter-state or intra-state. Input tax credit provisions and treatment of zero-rated supplies are also summarized briefly.
Brief Introduction of India's Biggest Tax Reform GST[GOODS & SERVICE TAX]. Its impact on Indian economy , Its Benefit, Limitations and its Current Scenario in Other Countries
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 discusses India's proposed Goods and Services Tax (GST) reform. It provides background on GST, describing it as the biggest tax reform in India since independence. It will combine multiple taxes into a single tax applied to goods and services, aimed at reducing complexity and improving compliance. However, implementing GST across all states will be challenging due to the need to coordinate between the central and state governments.
The document discusses Goods and Services Tax (GST) in India. It provides an overview of the current taxation system and its drawbacks. It describes the proposal for GST, which would combine multiple taxes into a single tax applied to goods and services. Key points include a dual GST model at the central and state levels, common tax base and forms, and input tax credits to reduce cascading effects. Concerns from traders are also summarized.
GST (Goods and Services Tax) is proposed as the biggest tax reform in India since independence. It will replace existing indirect taxes and provide a comprehensive indirect tax levy. GST is proposed as a dual GST with taxes to be levied concurrently by the central and state governments. It is expected to simplify and rationalize indirect tax structure in India and improve tax compliance. However, the complex federal structure in India poses challenges for the implementation of GST.
GST (Goods and Services Tax) is proposed as India's biggest tax reform. It will replace existing indirect taxes and provide a comprehensive indirect tax levy. GST is proposed as a dual GST with the center and states concurrently levying it. There are many advantages like removing cascading of taxes and creating a unified market. However, its complex design involving both center and states coordinating poses administrative challenges. Overall, GST has the potential to simplify taxation and boost growth if its implementation addresses all stakeholders' concerns.
gstppt-160315173425.pdf for use of taxesGouravRana24
GST (Goods and Services Tax) is proposed as India's biggest tax reform. It will replace existing indirect taxes and provide a comprehensive indirect tax levy. GST is proposed as a dual GST with the center and states concurrently levying it. There are many advantages like removing cascading taxes, providing seamless tax credits and improving ease of doing business. However, there are also challenges in its implementation like the complex federal structure requiring coordination between the center and states and developing robust IT infrastructure. Overall, GST aims to simplify indirect taxation in India.
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 .
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
The document provides an overview of the Goods and Services Tax (GST) implemented in India. It discusses that GST integrates multiple indirect taxes into a single tax applied to the manufacture, sale, and use of goods and services. GST is levied on value addition at each transaction stage. The document outlines the issues with the previous indirect tax system, benefits of GST, taxes subsumed under GST, GST rates, and key aspects of GST implementation including the GST Council, GST Network, and e-way bill system.
GST is a comprehensive indirect tax on manufacture, sale and consumption of goods and services throughout India. It replaces multiple taxes levied by the central and state governments. GST is proposed as a dual GST model where both the central and state government concurrently levy GST on a common tax base. Key features include nationwide applicability, multi-stage collection on value addition, and provision for input tax credit. Implementation of GST aims to remove cascading effect of taxes and create a unified common national market.
GST is a comprehensive indirect tax on manufacture, sale and consumption of goods and services throughout India. It replaces multiple taxes levied by the Central and State governments. GST is proposed as a dual GST model where both the Central and State government concurrently levy GST on a common tax base. Key features include nationwide applicability, multi-stage collection on value addition, and provision for input tax credit. Implementation of GST aims to remove cascading effect of taxes and create a unified common national market.
GST is a comprehensive indirect tax on manufacture, sale and consumption of goods and services throughout India. It replaces multiple taxes levied by the central and state governments. GST is proposed as a dual GST model where both the central and state government concurrently levy GST on a common tax base. GST will be levied at every stage of supply of goods and services based on the input tax credit method. This will ensure a seamless transfer of input tax credit between the central GST and state GST.
If you go through this whole document very carefully, then it will helps you to understand the overall concept of GST, which is the new taxation system of India.
The document provides an overview of the Goods and Services Tax (GST) implemented in India. It discusses what GST is, the constitution of the GST Council, the journey to implementing GST, the need for a constitutional amendment, benefits of GST, the proposed dual GST model, key features of GST including chargeability, taxable events, persons, rates, and registration. It also outlines taxes that would be subsumed under GST and those that would be out of the GST regime. The latest updates on GST and emerging implementation issues are also summarized.
Impact of Analysis of Goods And services TAX IN INDIAViru75036
GST is a comprehensive indirect tax on the supply of goods and services throughout India that replaced 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. Key aspects of GST include being levied at each stage of the supply chain, providing full and comprehensive input tax credit, and applying to all sectors with few exemptions. The document discusses the types of taxes subsumed under GST as well as those not subsumed. It also covers the basic structure and terms of GST including CGST, SGST, IGST and their applicability.
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.
A Visual Guide to 1 Samuel | A Tale of Two HeartsSteve Thomason
These slides walk through the story of 1 Samuel. Samuel is the last judge of Israel. The people reject God and want a king. Saul is anointed as the first king, but he is not a good king. David, the shepherd boy is anointed and Saul is envious of him. David shows honor while Saul continues to self destruct.
How to Setup Warehouse & Location in Odoo 17 InventoryCeline George
In this slide, we'll explore how to set up warehouses and locations in Odoo 17 Inventory. This will help us manage our stock effectively, track inventory levels, and streamline warehouse operations.
Walmart Business+ and Spark Good for Nonprofits.pdfTechSoup
"Learn about all the ways Walmart supports nonprofit organizations.
You will hear from Liz Willett, the Head of Nonprofits, and hear about what Walmart is doing to help nonprofits, including Walmart Business and Spark Good. Walmart Business+ is a new offer for nonprofits that offers discounts and also streamlines nonprofits order and expense tracking, saving time and money.
The webinar may also give some examples on how nonprofits can best leverage Walmart Business+.
The event will cover the following::
Walmart Business + (https://business.walmart.com/plus) is a new shopping experience for nonprofits, schools, and local business customers that connects an exclusive online shopping experience to stores. Benefits include free delivery and shipping, a 'Spend Analytics” feature, special discounts, deals and tax-exempt shopping.
Special TechSoup offer for a free 180 days membership, and up to $150 in discounts on eligible orders.
Spark Good (walmart.com/sparkgood) is a charitable platform that enables nonprofits to receive donations directly from customers and associates.
Answers about how you can do more with Walmart!"
The chapter Lifelines of National Economy in Class 10 Geography focuses on the various modes of transportation and communication that play a vital role in the economic development of a country. These lifelines are crucial for the movement of goods, services, and people, thereby connecting different regions and promoting economic activities.
Gender and Mental Health - Counselling and Family Therapy Applications and In...PsychoTech Services
A proprietary approach developed by bringing together the best of learning theories from Psychology, design principles from the world of visualization, and pedagogical methods from over a decade of training experience, that enables you to: Learn better, faster!
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) CurriculumMJDuyan
(𝐓𝐋𝐄 𝟏𝟎𝟎) (𝐋𝐞𝐬𝐬𝐨𝐧 𝟏)-𝐏𝐫𝐞𝐥𝐢𝐦𝐬
𝐃𝐢𝐬𝐜𝐮𝐬𝐬 𝐭𝐡𝐞 𝐄𝐏𝐏 𝐂𝐮𝐫𝐫𝐢𝐜𝐮𝐥𝐮𝐦 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐡𝐢𝐥𝐢𝐩𝐩𝐢𝐧𝐞𝐬:
- Understand the goals and objectives of the Edukasyong Pantahanan at Pangkabuhayan (EPP) curriculum, recognizing its importance in fostering practical life skills and values among students. Students will also be able to identify the key components and subjects covered, such as agriculture, home economics, industrial arts, and information and communication technology.
𝐄𝐱𝐩𝐥𝐚𝐢𝐧 𝐭𝐡𝐞 𝐍𝐚𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐒𝐜𝐨𝐩𝐞 𝐨𝐟 𝐚𝐧 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫:
-Define entrepreneurship, distinguishing it from general business activities by emphasizing its focus on innovation, risk-taking, and value creation. Students will describe the characteristics and traits of successful entrepreneurs, including their roles and responsibilities, and discuss the broader economic and social impacts of entrepreneurial activities on both local and global scales.
This presentation was provided by Racquel Jemison, Ph.D., Christina MacLaughlin, Ph.D., and Paulomi Majumder. Ph.D., all of the American Chemical Society, for the second session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session Two: 'Expanding Pathways to Publishing Careers,' was held June 13, 2024.
2. Meaning of Tax- Features of Tax
Objectives of Taxation – Rules
of Taxation - Problems of Taxation
Direct Tax & Indirect Tax
Merits & Demerits of Direct Tax & Indirect
Tax
Direct & Indirect Tax (Central & State
Taxes)
GST – Goods and Service tax – concept
& Structure and framework of GST
GST UNIT I 2
3. A TAX IS A SHARE OF THE INCOME OF AN
CITIZENS WHICH THE GOVERTMENT NEEDS
FUNDS IN REGULATE THE VAUABLE
SERVICES FOR THE PEOPLES FOR THAT
NECESSARY THEIR ARE COLLECTIG TAX AND
THE CONSTRUCTION OF GENERAL PUBLIC
SERVIES.
GST UNIT I 3
4. Tax is legal Collection
Tax is a Personal Responsibility
Tax is a Compulsory Contributions
Tax is imposed by Government alone
It is a Revenue Collection
Socio-economic Objective
Tax is a contribution for the common
Benefits of the society
GST UNIT I 4
5. 1. Raising Revenue
2. Regulatory Consumption, Production,
Import & Export and Inflation
(demand & supply)
3. Developmental of economic, capital
formation and increasing employment
opportunities
4. Reducing economical inequalities and
regional imbalances
GST UNIT I 5
9. Direct tax is one which is really paid
by a person on whom it is legally
imposed while an Indirect tax is
imposed on one person, but paid
partly or wholly by another.
Indirect tax is one which can be
shifted or passed on
GST UNIT I 9
15. State Sales tax
Value Added tax (VAT)
Sales Excise Duty tax
Entertainment tax
GST UNIT I 15
16. Specific Duties
Advalorem Duties – Value of goods
Proportional tax – ability to pay
Progressive tax – Income
Regressive tax – expenditure
Single tax
Multiple tax
GST UNIT I 16
17. The Goods ad Services Tax (GST) is a tax
levied
on most goods and services sold for
domestic consumption.
The GST is paid by consumers, but it is
remitted to the govt by the businesses
selling the goods and services.
It effect, GST provides revenue for the
govt, and ultimately borne by the
consumers.
GST UNIT I 17
18. France was the first country to introduce GST
as early as in 1954. so far 150 countries have
introduced GST and most of the countries
have a unified GST system. But Brazil &
Canada follow dual system now India as
also following same dual system
GST UNIT I 18
19. “Goods And Services Tax Is A Comprehensive
Tax Levy On Manufacture, Sale And
Consumption Of Goods And Service At A
National Level under Which No Distinction Is
Made B/W Goods & Services For Levying Of
Tax. It Will Mostly Substitute All Indirect Taxes
Levied On Goods And Services By The Central
And State Govt In India”
GST UNIT I 19
20. First time in 1999. on 8 august 2016, the
constitutional amendment bill for roll out of
GST was passed by the parliament more
than 15 state and enactment of the GST bill
in September.
GST Laws
GST Rules – Tax Rates Structure –
Classification of Goods and Service into
Different Rate Slabs - Exemptions- Tax
Administrations
GST UNIT I 20
21. Central GST (CGST)
Integrated GST (IGST)
Union Territory GST(UTGST)
Bill to compensate states
________________________________________
______
1. Approval of GST Bills
2. Notification of GST Rules
3. Migration to common portal
4. Relaxation of filing procedure
GST UNIT I 21
22. 1. Change in law and procedures on
Implementation of GST
2. New tax rates
3. Reforms in tax credit system
4. Treatment of stock transfers from one state to
another
5. Avoiding of double taxation sale/services
6. Goods to be classified
7. Software Up-gradation
8. Continuous training of staff & Professionals
GST UNIT I 22
23. 1. Financial super power
2. Vital role of GST
3. Destination principle
4. Common market
5. Efficient allocation of factor of production
6. Gains to GDP
7. Economies of scales
8. Rational tax system
GST UNIT I 23
24. 1. VAT/ Sales tax
2. Entertainment tax
3. Luxury tax
4. Taxes on lottery, betting & gambling
5. State cesses & surcharges – supply of
goods & services
6. Entry tax
7. Purchase tax*
GST UNIT I 24
25. GST eliminates the cascading effect of tax
Higher threshold [entry] for registration
Composition scheme for small businesses
Simple & easy online procedure
Number of compliances is lesser
Defined treatment for E-commerce
operators
Improved efficiency of logistics
Unorganized sector is regulated under GST
GST UNIT I 25
26. Increased costs due to software
purchase
Being GST- compliant
GST will mean an increase in
operational costs
GST came into effect in the middle of the
financial year
GST is an online taxation system
SMEs will have higher tax burden
GST UNIT I 26
27. Avoiding of cascading effect –
production & distribution goods &
services
GST being applicable to all goods
& services
Goods no exempted – tobacco
Exempted goods – ATF, HSD, Petrol
products
Dual taxation system – CGST/SGST
GST UNIT I 27
28. Non economical- ground level traders &
services providers
All taxes being no subsumed- electricity &
alcohol etc
Diversification of Taxes – basis of location,
geographical structure
Scope for increasing tax rates
Technology issues
GST UNIT I 28
29. Levy of additional taxes on Inter-State
Supply – import goods & services it is
applied as addition to custom duties
Banking transaction to be costly
National justice to be in conflict
Influence of political parties
GST UNIT I 29
30. One country – one tax
Consumption based tax instead of
manufacturing
Uniform GST Registration, payment and input
tax credit
To eliminate the cascading effect of indirect
taxes on single transaction
Reduce tax evasion [avoiding]
Increase productivity & tax to GDP Ratio
Reducing economic distortions
GST UNIT I 30
31. Respect to tax turnover
Respect to nature taxes
Respect to number of enactments of statues
Respect to rates of taxation
Respect to tax management & infrastructure
GST UNIT I 31
32. Contribution of GST for the business &
commerce – it will supply chain till the
time utilization
Growth of revenue in state & union
Reduces transaction costs & unnecessary
wastages
Reduction of multiplicity of taxation
One point single tax
GST UNIT I 32
33. 1. Price reduction - manufactures, wholesalers
2. Less compliance & Procedural Cost – record /
reports
3. Pricing & Profitability – re-examined, decline
prices have direct impact on consumer
4. Govt. Revenue – changing price @ tax rate
5. Cash flow – [remove excise duty] time of
sale/ supply/ production
6. Uniform Per Capita Taxation
7. Fight tax Evasion [avoiding]
GST UNIT I 33
34. a. Additional power of levy of taxation of
services for the states
b. System of comprehensive set-off relief
c. Subsuming of several taxes in the GST
d. Removal of burden of CST
_________________________________________
__
Dual GST
CGST- CENTRAL GOODS and SERVICES TAX
SGST – STATE GOODS and SERVICES TAX
GST UNIT I 34
35. CGST – Central goods and service tax –
levied by central govt. – any transaction of
goods & services whether made within or
outside the state or exported out of the
country
SGST – State goods and service tax – levied
by state govt. – [Tamilnadu State]
“ they would have multiple statutes – one
CGST statue and SGST statutes for every
state”
GST UNIT I 35
36. GST UNIT I 36
IGST – Integrated goods and service tax
– tax is charged on the supply of
commodities & services from one state to
another state [inter-state trade]
Integrated GST [IGST] – applicable
between two states transactions of
goods & services, as well on imports.
37. UTGST- Union Territory goods & services tax
are intra-state tax and IGST is inter-state to
union territories
Union Territory GST [UTGST] – applicable for
five union territories of India there are
Andaman & Nicobar Island, Chandigarh,
Daman & Diu , Dadra & Nagar Haveli and
Lakshadweep.
GST UNIT I 37
38. CGST - tax chargeable intra-state supply
[central Govt]
SGST – tax chargeable intra-state supply
[state Govt]
UTGST – tax chargeable intra-state supply
[Union territory]
IGST- Integrated GST- Tax chargeable in
inter-state supply [entire tax collected by
central govt but 50% share of the state is
given by central govt to state govt in the
backend]
GST UNIT I 38
39. Point of different CGST SGST
Material transactions
[goods & services]
Intrastate
[within one
state]
Intrastate
[within one
state]
Collected by Central. Govt State. Govt
Benefitting authority Central. Govt State. Govt
Tax credit use priority
[main control]
CGST
“IGST”
SGST
“IGST”
GST UNIT I 39