Impact of gst on indian economy ppt download powerpoint presentation overview the historic gst or goods and services tax was launched midnight at a function in central hall of parliament on 30th june 2017. In a longterm perspective, it is believed that gst will have a positive impact on business bodies. The first section is selected chapters from tc 320. Gst practitioners for assisting filing of returns gstn and gst suvidha providers gsps to provide technology based assistance 11. Covering handy material on relevant provisions governing gst audit, indicative checklist for gst audit, key focus areas for gst audit, important facts on gst annual return, annual return form gstr9 and reconciliation statement form gstr9c. Gst goods and service tax gst is a comprehensive tax levy on manufacture, sale and consumption of goods and service at a national level. The gst council to be guided by the need for a harmonised structure of goods and services tax and for the development of a harmonised national market for goods and services. Update ppt on gst as on 01st january 2018 2 this presentation is for education purposes only and holds no legal validity. Concept of gst gst is a tax on goods and services with comprehensive and continuous chain of setoff benefits from the producers point and service providers point up to the retailer level. Salient features gst unified tax on goods and services at a national level.
Apr 22, 2019 download the full ppt of gst real estate amendments by clicking the below image. Gstr 99a is an annual return to be filed once in a year by the registered taxpayers under gst including those registered under composition levy scheme. According to the mentioned information, here are some basic concepts of gst impact business. Announcement of gst for the first time was made by the then union finance minister, during budget of 200607 that it would introduced from 1 april 2010.
This presentation has been prepared to provide a standard user presentation. Jun 16, 2017 this video is very help full for tax payers, this videos explain full concept, sections, gst slaps, and many more. Since gst is a new law and crucial processes like return filing and invoicing have been changed, it is even more important that business owners and tax professionals understand. The effective rate of taxes on real estate sector before 1.
Member strength 31,01,584 and growing get latest updates. All of the chapters listed for reading are covered on day of the senior gunner course these. Form gst ewb01 eway bill form form gst ewb02 consolidated e way bill form to be generated by transporter form gst ewb03 inspection report to be filled up by proper officer. Powerpoint is the worlds most popular presentation software which can let you create professional goods and services tax gst powerpoint presentation easily and in no time. Tax payer can apply for the online gst registration in india online by filling application on gst registration website gst. These professional designs cover all styles from playful and creative to formal and business presentations. Apr 02, 2017 gst compensation bill 2017 introduced in lok sabha 27. Dec 25, 2016 the goods and service tax is a value added tax vat to be implemented in india, from april 2017. We provide unique informative powerpoint presentation for marketers, presenters and educationists. Gst necessitate a marked shift from originbased taxation to a destinationbased tax structure, affecting the several facets of business such as profitability, sourcing, pricing, supply chain systems. As per me a good ppt presentation should cover at least following points. Gst is a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level.
The views expressed in this presentation are those of speakers. One of the aims of introducing gst is to reduce the cascading effects of taxes which is the primary focus of vat but vat system is not comprehensive enough to do so. Goods and services tax gst powerpoint presentation. Download gst indiagoods and services tax in india all useful pdf and presentations. An acknowledgement number would be shared with applicant via sms or email, once the application is filed electronically. Essential commodities will be charged at low rates offset by higher sin taxes on goods considered to be luxuries. Federal generationskipping transfer gst tax exemption. A socalled standard or gst rate will be the middle slab and will apply to most goods and services. Gst presentation as on 1st march 2019, gst ppt updated 01032019.
Gst presentation as on 1st march 2019, gst ppt updated 01. Download ppt of gst real estate amendments from 01. You should cover what will be the impact of gst on business. Rule 51 of service tax rules, 1994 provides that the records including computerised data as maintained by the assessee in accordance with the various laws in force from time to time shall be acceptable. Current hot topics in gst presentation the tax institute. You can easily convert your pdf files to ppt with this online tool. The gst guide march 15 2011 pdf guide to promoters of public entertainment gst 408 pdf consumer guide to gst calculation gst 308 pdf instructions on completing your return pdf gst and you. Post implementation in india, approx 300 crore invoices will be generated which itself is a new benchmark. Presentation on critical issues in union budget 2020, s. France was the first country to implement gst in 1954. This presentation is for education purposes only and holds no legal validity rzqordghgiurpkwws defdxv lq. The resources already available and in development are for lions at all levels. The lions learning center is available for training opportunities for districtlevel leadership and clublevel lions. To keep for free in the future, please deactivate your adblocker or support this project by sending a small donation.
Registered taxable person issuing debit credit notes to declare its details in the return for the month during which such notes are issued received or in the return for any subsequent month but not later than september following the end of f. Main features of the gst act 44 interest payable if refund not sanctioned in time refund to be directly credited to bank accounts comprehensive transitional provisions for smooth transition of existing tax payers to gst regime special procedures for job work system of gst compliance rating antiprofiteering provision. Gst is expected be levied only at the destination point, and not at various points from manufacturing to retail outlets. India is the first country in the world to try the concept of igst. Impact of gst on indian economy positive and negative effects. By notification, exempt partly or wholly by special order under exceptional nature by inserting explanation within one year of issue with retrospective effect. Suo moto facility is available with statecentral tax department in.
Rule 52 provides that every assessee, at the time of filing of his first. Casual taxable person is a very old concept and has been extended under goods and services tax gst. Reading prior to the beginning of the course will ease understandingduringinstruction. Return will be prepared on the gst portal based on the data uploaded using the tool. If you have the amount which is already including the gst then you can calculate the gst excluding amount by below formula. To which vendors your client should bargain for cost reduction. With the pdf to powerpoint converter in adobe acrobat dc, creating and saving your presentation is simple.
Gst is a tax on goods and services with value addition at each stage. Mar 19, 2019 gst presentation as on 1st march 2019, gst ppt updated till 01032019. Gst council to devise mechanisms to adjudicate disputes arising between the centre and states. Gst place of supply cma bhogavalli mallikarjuna gupta b.
Filing of gstr1, cgst rules and the central goods and services tax act. Application form rfd01 form for claiming refund can be filed through the gstn portal. Photographs, constitution of tax payer, bank account details, proof for the place of business and authorization form. Feb 20, 2018 powerpoint is the worlds most popular presentation software which can let you create professional goods and services tax gst powerpoint presentation easily and in no time. A person who supplies goods and services through electronic commerce. You can work and convert online, whether youre at work or. Furthermore, the online pdf converter offers many more features. A study on impact of gst after its implementation milandeep kour1, kajal chaudhary2, surjan singh3, baljinder kaur4 1, 2, 4department of business management, eternal university, himachal pradesh, india 3department of mathematics, eternal university, himachal pradesh, india abstract. Announcement of gst for the first time was made by the then union finance. Adjustment would be made to return and cash ledger and reduce the carryforward. All future correspondence from the gst common portal will be sent on the registered email address and mobile number only. Gst goods and services tax biggest tax reform since independence by hirak parmar 2. View gst registration ppts online, safely and virusfree. Composition scheme institute of cost accountants of india.
The partial exemption method pdf consumer information power point presentation presentation on gst legislation power point presentation. The split shares will be decided by the gst council. Every electronic commerce operator like flipkart, amazon, etc. Gst council decisions 12 threshold limit for exemption to be rs. Gst in india powerpoint ppt presentation slides slidesfinder.
Input tax credit section 16 section 162 provided that where the goods against an invoice are received in lots or instalments, the registered taxable person shall be entitled to take credit upon receipt of the last lot or instalment provided where a recipient of services fails to pay to the supplier within 3 months of issue of invoice, the. In this ppt file you may find details for outward supplies sec 37, rule 1, inward supplies sec 38, rule 2, furnishing a return sec 39, rule 3,4,5,5a,6,7,8, annual return sec 44, rule 21, first return, final return sec 40,45. Cgst and sgst on intrastate supplies of goods or services in india. Gst presentation as on 1st march 2019, gst ppt updated till 01032019.
Pdf to ppt, how to convert a pdf to powerpoint adobe. An example of how to work out the gst of an amount. Download ppt on gst annual return by clicking the image below. This helps you give your presentation on goods and services tax gst in a conference, a school lecture, a business proposal, in a webinar and business and professional. Inward supplies, outward supplies, furnishing a return under gst check this link for online view. It is considered as biggest tax reform as well as business reform since independence. Gst presentation fb scn free download as powerpoint presentation. Gst is a single tax on the supply of goods and services. Nov 28, 2019 gst the goods and services tax is the mother of all tax reforms in india. This helps you give your presentation on goods and services tax gst in a conference, a school lecture, a business proposal, in a webinar and business and professional representations. Form gst ewb04 form to upload details by transporter, if vehicle detained for more than 30 minutes form gst ewb01 part a details of consignment. New era computer education centre shahi market, gorakhpur. Govt on gst council recommendation in public interest may exempt. Gst suvidha providers gsps if you are already using the services of erp providers such as tally, sap, oracle etc.
Applicability of gst and taxes subsumed in gst ppt. One can upload invoice data as many times as one wants. Standardised ppt on revised model gst lawnov 2016 indirect taxes committee. Gst governing body with power to take decision on rates, exemption, threshold exemptions, etc with 33. Pdf to ppt, how to convert a pdf to powerpoint adobe acrobat dc. Gst registration powerpoint ppt presentations powershow. A composition tax payer who ceases that scheme can claim itc on input good and capital goods after reducing the tax paid on such capital goods by 5 percent per quarter of a. She has over 25 years experience in taxation law, having initially focused on income tax and later on indirect taxes, but always with a keen interest in all kinds of tax and related administrative law disputes.
Suo moto registration when a person who is liable to be registered under gst fails to obtain registration, he or she can initiate the process of generating temporary id through the tax officials working in enforcement wings of their respective statecentral department. The institute of chartered accountants of india may not. Goods and services tax means any tax on supply of goods, or services or both except taxes on the supply of the alcoholic liquor for human consumption. Times new roman cg times default design bitmap image powerpoint presentation vehicle id cont vehicle id cont vehicle id cont. The open button is used to open downloaded preauto populated return file like gstr1, 1a, 2aetc which was downloaded from gst portal. This ppt explains the concept of gst registration for casual taxable person in india. Latest ppt on gst for students goods and service tax india. Download gst returns ppt, gst returns power point presentation.
Igst integrated gst on interstate supplies of goods or services in india levied and collected by the centre. Gst goods and services tax is a indirect tax levied on goods and services. Both the email address and mobile number need to be verified using the otps. It is crucial for all businesses to understand the implications of gst on their brands. The gst team at headquarters wants to work with us to build region specific resources that help us reach our goals. The journey to gst announcement of gst for the first time was made by the then union finance minister, during budget of 200607 that it. First discussion paper was released by the empowered committee. Mar 19, 2019 download gst returns ppt, gst returns power point presentation. Download latest ppt on gst, goods and service tax in india.
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