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๏ƒ˜ The constitution (One hundred and first amendmend) Act,2016
introduce a national goods and service tax in India from 1st April 2017.
๏ƒ˜ The GST is a value added tax (VAT) and is proposed to be a
comprehensive indirect tax.
๏ƒ˜ GST module for the country has been proposed by the EC (empowered
committee) of state finance minister.
๏ƒ˜ Levy on manufacture, sale & consumption of goods as well as
services.
๏ƒ˜ GST is to be treat all commerce business
model the same.
๏ƒ˜ GST is to treat all E-commerce sales the
same.
๏ƒ˜ GST is to treat all the transaction across the
country as same.
๏ƒ˜ Life gets Simpler
๏ƒ˜ Revenue will get a Boost
๏ƒ˜ A Common Market
๏ƒ˜ Logistic inventory cost will fall
๏ƒ˜ Investment Boost
๏ƒ˜ Make in India
๏ƒ˜ Less Development States get a Lift
๏ƒ˜ Manufactured Goods could become Cheaper
lower logistic and TAX Cost
๏ƒ˜ GDP lift
๏ƒ˜ Freeing up online
BENEFITS TO CORPORATE
Collapse of
commodity
categories to
simplify
Uniformity of
tax structure
across the
states
Wider
applicability
of input tax
credit
Blurring
definition b/n
goods &
service= less
dispute
TAX buoyancy
as more ad
valorem
TAX buoyancy
as destination
based
TAX
buoyancy
through
better
compliance
Higher service
tax through
higher tax
THANK YOU

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Goods and servive tax

  • 1.
  • 2. ๏ƒ˜ The constitution (One hundred and first amendmend) Act,2016 introduce a national goods and service tax in India from 1st April 2017. ๏ƒ˜ The GST is a value added tax (VAT) and is proposed to be a comprehensive indirect tax. ๏ƒ˜ GST module for the country has been proposed by the EC (empowered committee) of state finance minister. ๏ƒ˜ Levy on manufacture, sale & consumption of goods as well as services.
  • 3. ๏ƒ˜ GST is to be treat all commerce business model the same. ๏ƒ˜ GST is to treat all E-commerce sales the same. ๏ƒ˜ GST is to treat all the transaction across the country as same.
  • 4. ๏ƒ˜ Life gets Simpler ๏ƒ˜ Revenue will get a Boost ๏ƒ˜ A Common Market ๏ƒ˜ Logistic inventory cost will fall ๏ƒ˜ Investment Boost ๏ƒ˜ Make in India ๏ƒ˜ Less Development States get a Lift ๏ƒ˜ Manufactured Goods could become Cheaper lower logistic and TAX Cost ๏ƒ˜ GDP lift ๏ƒ˜ Freeing up online
  • 5. BENEFITS TO CORPORATE Collapse of commodity categories to simplify Uniformity of tax structure across the states Wider applicability of input tax credit Blurring definition b/n goods & service= less dispute
  • 6. TAX buoyancy as more ad valorem TAX buoyancy as destination based TAX buoyancy through better compliance Higher service tax through higher tax
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.