- The key features of GST include registration thresholds, tax payment thresholds, a dual GST model with CGST, SGST and IGST, and multiple tax rates. Around 7-8 million businesses are expected to register under GST.
- GST will subsume many existing taxes like VAT, service tax, central excise, while some items like alcohol and fuel will not be initially included.
- Under GST, businesses will need to file monthly tax returns along with quarterly and annual returns, compared to the current system. This will involve more frequent compliance events each month.
Introduction of GST, Problem in Previous Tax Structure, Feature and Functions, Tax under and Outside the GST, Types of GST returns, Benefit and Impact of GST on Indian Economy
This is a presentation for those people who wants to understands the basics of gst. This ppt includes how the gst works, Inpu ax Credit, Rates of GST, Composition Scheme etc.
Introduction of GST, Problem in Previous Tax Structure, Feature and Functions, Tax under and Outside the GST, Types of GST returns, Benefit and Impact of GST on Indian Economy
This is a presentation for those people who wants to understands the basics of gst. This ppt includes how the gst works, Inpu ax Credit, Rates of GST, Composition Scheme etc.
As Per My opinion This Is very Useful .
Most of the information Has Been Has Covered in this.
If Some thing left then You can send in comment box Also.
I Will see it and reply you.
Thanks For Your Support
GST In India An Overview and Impact.
Types of Taxes Covered in CGST, SGST, IGST
Benefits for Government and Customer
GDP growth rate
Many more to find in PPT
A Glance to GST Calculation in India | GST KeeperGSTKeeper
This presentation takes you to the overview of GST calculation in India. Know the federal nature of India, and the process of GST calculation in India.
Introduction /Concepts of GST
Existing & Proposed Tax Structure in India
Model/Components of GST
Benefits under GST
Applicability & Rate in GST Regime
Impact of GST
GST Set off Chain & its methodology
Functioning of GST
Others Areas of GST
Key Amendments in Bill
Sector Wise Impacts
Flaws of the GST Model
Conclusion.
A ‘flawless’ GST in the context of the federal structure which would optimize efficiency, equity and effectiveness. The ‘flawless’ GST is designed as a consumption type destination VAT based on invoice-credit method.The presentation in a nutshell describes the baseline of it.
This ppt gives an overview of the proposed GST bill in India. This ppt has custom animations which look like overlapped content on slideshare-viewer. It is recommended to download it on your system and then open using powerPoint-viewer.
As Per My opinion This Is very Useful .
Most of the information Has Been Has Covered in this.
If Some thing left then You can send in comment box Also.
I Will see it and reply you.
Thanks For Your Support
GST In India An Overview and Impact.
Types of Taxes Covered in CGST, SGST, IGST
Benefits for Government and Customer
GDP growth rate
Many more to find in PPT
A Glance to GST Calculation in India | GST KeeperGSTKeeper
This presentation takes you to the overview of GST calculation in India. Know the federal nature of India, and the process of GST calculation in India.
Introduction /Concepts of GST
Existing & Proposed Tax Structure in India
Model/Components of GST
Benefits under GST
Applicability & Rate in GST Regime
Impact of GST
GST Set off Chain & its methodology
Functioning of GST
Others Areas of GST
Key Amendments in Bill
Sector Wise Impacts
Flaws of the GST Model
Conclusion.
A ‘flawless’ GST in the context of the federal structure which would optimize efficiency, equity and effectiveness. The ‘flawless’ GST is designed as a consumption type destination VAT based on invoice-credit method.The presentation in a nutshell describes the baseline of it.
This ppt gives an overview of the proposed GST bill in India. This ppt has custom animations which look like overlapped content on slideshare-viewer. It is recommended to download it on your system and then open using powerPoint-viewer.
The biggest ever indirect tax reforms to be implemented ever since 1947 is the GST bill. Execution of this bill is expected to bring economic integration of the Indian economy. Among the group that is highly overwhelmed with the introduction of this form of tax are the start-ups and SME’s. Expectations are that the organizations will benefit the most out of the GST implementation.
GST (Goods and Service Tax) is going to transform the fundamentals of doing business in India in terms of speed, ease and competitiveness.
The present Government is leaving no stone unturned to make it a reality from 1st April’2016. In all probability, GST Bill is expected to be passed in the Budget session of 2015.
In this backdrop, we thought of compiling the basic tenets of GST and it’s present status.
Hope you will find it useful.
Share among your professional colleagues and friends to spread the awareness.
Often we take some career related decisions under peer pressure and strive hard to make them right.
But is that what you are meant to do ?
This presentation can help you answer that
Take a look and let me know what you think
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
4. Salient Features
• Registration threshold proposed - Rs 4 Lakh for NE states + Sikkim & Rs 9
Lakh for Rest of India
• liability to pay tax after crossing the threshold of Rs 5 Lakh for NE states +
Sikkim and Rs 10 Lakhs for Rest of India
• 7-8 million businesses are likely to be registered under GST.
• Small dealers with turnover below Rs 50 Lakh have the option of adopting
the Composition scheme and pay flat ~1 to 4% tax on turnover
5. How is GST Different from Current Tax
Structure
7. Dual GST
• Dual GST has been chosen as the apt model wherein tax would be jointly
levied by both Centre and the states on supply of goods and services.
• SGST: State GST
• CGST: Central GST
• IGST: Integrated GST
• On intra-state transactions CGST+SGST will be applicable and on Interstate
transactions, IGST will be applicable.
8. GST Rates
• There are likely to be 3 sets of rates as below:
• Merit Rate
• Standard Rate
• De-Merit Rate
• There is also likely to be a lower rate for precious metals and zero-rate for
essential goods.
9. Taxes Subsumed:
Subsumed in GST Not subsumed in GST
Central Excise Basic Customs duty
Service Tax Alcohol for human consumption
VAT / Sales Tax Petrol / Diesel / Aviation fuel / Natural Gas*
Entertainment Tax Stamp duty and Property tax
Luxury Tax Toll tax
Taxes on lottery
Electricity DutyOctroi and Entry Tax
Purchase tax
*To be included only at a later notified date
10. ITC Utilization
Input Tax Credit Set-off against liability of
CGST CGST and IGST (in that order)
SGST SGST and IGST (in that order)
IGST IGST, CGST, SGST (in that order)
Please note that CGST and SGST cannot be set off against one another
11. IT Infrastructure
• Goods and Service Tax Network or GSTN is a Not for Profit Sec
25/Section 8 company incorporated under the public-private
partnership(private companies, central and state government are the
stakeholders) to roll out the IT backbone (Backend and Frontend) and portal
for meeting all the e-filing requirements of GST. This would be the nodal
agency which would control all the processes, forms, and also the data of
all the trade that happens in the country
12. GST Council
• The council to be formed within 60 days of getting presidential assent,
would consist of 2/3rd representation of states and 1/3rd representation of
Centre. The GST Council will take all decisions regarding tax rates, dispute
resolution, exemptions and so on. Recommendations of the GST Council
(75% votes) will be binding on the Centre and states.
13. Business Process
• Existing dealers would be auto-migrated and given a 15-digit PAN based
GSTIN with following structure.
State Code PAN
Entity
Code
Blank
Check
Digit
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
• The entity code will be applicable for taxpayers having multiple
business verticals within the state.
14. Returns:
The GST regime introduces the following changes:
• The GST regime requires all businesses to mandatorily file monthly returns along with the requisite
quarterly or annual returns. Even businesses which now file returns quarterly or half-yearly (such
as returns for service tax etc.) now need to file returns every month.
• There will now be ‘3 compliance events every month’ compared to 1 event today. This means,
businesses will now need to comply with the requirements of filing GSTR- 1, GSTR-2 and GSTR- 3
(as mentioned below) as against filing 1 return today.
• The first compliance event (filing GSTR-1) has a due date of 10th of the subsequent month as
against the deadline of 20th in the current VAT regime.
• Composition scheme will no longer be a favorable option since returns need to be filed
quarterly and the details in those returns need to be filed relating to purchases, though sales
would be lump sum like earlier. Another big deterrent in the scheme would be non availability of
input credit to the chain below which would increase the selling price for the composite dealers.
This would mean that businesses would reduce their purchases from these dealers.
15. • Regular Dealer: Monthly filing
• GSTR-1: Upload all sale invoices (By 10th)
• GSTR-2: Accept the auto-populated counterparty sales as your purchase, and add
any missing purchases (By 15th)
• GSTR-3: Submit the auto-populated GSTR-3 by 20th
• Composition Dealer: Quarterly filing
• GSTR-4: Submit by 18th after quarter-end
• GSTR-8: Annual Return for both Regular and Composition by 31st Dec of
subsequent year.
16. Payments & Refunds
• Mandatory e-payment for amount > Rs 10,000
• Online: NEFT/RTGS/IMPS
• Offline: Cash/Cheque/DD/NEFT/RTGS etc.
• Challan is auto-populated, and can be downloaded
• Refund process will be automated and wherever applicable 80% refund will
be granted provisionally when applied without scrutiny.
17. Major Impact Areas
• Adoption of Technology is imperative: Unlike earlier, paper filing will not be an option.
• Access to Pan-India market: Intra-state and interstate trades would become tax neutral, and the whole
of India will open up as a market for both sourcing vendors and customers without hassles of compliance.
• Cash flow planning: Input tax credit on purchase will be provided only provisionally during return filing, and
will be confirmed only after corresponding sale has been uploaded and after the liability is discharged by
supplier. Hence, cash flows WILL get impacted in case of mismatch.
• Easier Compliance: GST requires businesses to provide granular level of data (invoice-wise), that needs to be
reported with HSN codes. The good news is that compliance is going to get easier with GST replacing most of
the prevalent indirect taxes and with the support of technology.
• Branch / Supply chain re-engineering: Businesses having multi-state presence due to tax considerations (to
avail concessional CST rate) need to re-plan their warehouse and branch networks and locate them nearer to
markets rather than state-wise.
• Pricing strategy: Due to elimination of cascading effect, prices of products are likely to come down.
• Re-negotiate contracts: Work contracts and other multi-year supply deals have to be renegotiated to absorb
GST rates.
18. What Next?
• With the passage of the 122nd constitutional Amendment Bill in Rajya
Sabha, the immediate next steps are:
• As this is a constitutional amendment, a minimum of 15 state assemblies also
need to ratify the bill.
• Presidential assent to the bill and formation of GST council within the next
60 days from date of obtaining assent, is required.
• Passing of CGST and IGST Bills (probably as Money Bill) in winter session of
parliament and of SGST Bill in 29 state assemblies.
• Rollout of GST Network by January 2017.
• The tasks look daunting, yet achievable.
19. What next for all of us
• With 1st of April 2017 being the likely date for launch of GST, the taxpayer needs to take several
preparatory steps in this direction. The transition will be the key for having a clean opening
balance to start with.
• Input tax credit (in returns/inputs/capital goods) from current regime(CENVAT, VAT) will be
carried forward to GST(CGST, SGST). Hence, it is imperative to keep the books updated. It helps
companies during assessment as only at that time the number will get picked up and if
trail/clarity is not available businesses will go through a lot of financial and non-financial pain.
• All the accounting and party masters in ERP need to be kept updated with statutory details filled-
in, such that transition to GST is smooth.
• As always, Tally has been the pioneer in assisting businesses with understanding and adopting
statutory changes. The greatly simplified solution in Tally.ERP 9 will ensure quick migration and
easy handling of statutory requirements of GST.
• This note has been prepared with publicly available information, however the actual GST rates
and business process are likely to undergo significant changes by the time of rollout.