The document discusses Goods and Services Tax (GST) in India. Some key points: - GST replaced many indirect taxes and came into effect on July 1, 2017 following passage of the GST Act in March 2017. - GST eliminates the cascading effect of taxes, provides a simple online procedure, and regulates the unorganized sector. - Individuals and businesses above certain turnover thresholds must register for GST through the online portal by providing documents like PAN, address proof, and bank statements.

1. PRESENTED BY DHIRAJ
KAUSHIK

2. Goods and Services Tax is an Indirect Tax
which has replaced many Indirect Taxes in
India.
Goods and Services Act was passed in the
Parliament on 29th March 2017.
Act came into effect on 1st July 2017.

4. GST eliminates the cascading effect of tax
Simple and easy online procedure
Unorganized sector is regulated under
GST
Improved efficiency of logistics

5. Increased costs due to software purchase
(ClearTax is the first company in India to
have launched a ready-to-use
GST software called Cleartax GST
software).
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.

7. Individuals registered under the Pre-GST
Law.
Business with turnover above the
threshold limit of Rs.40 lakhs and Rs.10
lakhs for NE states and hill states.
Casual taxable person and Non-resident
taxable person.
Person who supplies via e-commerce.
Every e-commerce aggregator.

8. PAN of the Applicant.
Aadhaar card.
Proof of business registration or
incorporation certificate
Identity and address proof of promoters/
director with photographs.
Address proof of the place of business.

9. Bank Account statement.
Digital signature.

10. Log in to the GST common portal (
www.gst.gov.in ).
File GST registration form.
We will receive an application reference
number on our mobile and via E-mail.
We will then need to fill the second part of
the form and upload the required
documents according to the business type.

11. Finally a certificate of registration is issued
to us by the department.
The office may also reject our application if
there any errors. We will be informed in
Form GST REG -05 regarding the same

12. An offender not paying tax or making short
payments (genuine errors) has to pay a
penalty of 10% of the tax amount due
subject to a minimum of Rs.10000.
The penalty will at 100% of the tax amount
due when the offender has deliberately
evaded paying taxes.

15. THANK YOU