PPT-Preparing for Goods & Service Tax

Presentation by CA Pulak Saha 9 th January 2015 at ACAE wwwpwcin Agenda 9 th January 2015 Slide 2 Overview of Goods and Service Tax 1 Current State of Play 2 Overview of Goods and Service Tax. BHALLA & CO.. Chartered Accountants . 307 . LUSA TOWER, AZADPUR, DELHI 110033. Tel. : (O) . - . 27670448 . Fax : . - 47021342 {. R} . - . 23842238. {M} 9810067811 E-mail: kumarbhalla@hotmail.com. Rambabu Pathak. Chairman. ICAI-Asansol Chapter. Dy. Manager (Finance), ECL. GDP Growth Go Up by about 1%. International Competitiveness by about 5%.. Increased FDI- Already seen.. All . those who gain to be part of tax payment.. Agenda. Design . of GST. Main features of GST Law. Administration and IT Network. Benefits of GST and Way Forward. 1. The Effort and Work Done. 10 Years…. In Making. 14 EC Meetings in 10 years and 13 GSTC Meetings in 6 months. Tax filing time can be nerve wracking, whether it’s your first time or your twentieth, but with this simple guidance, filing for the first time should be made a little easier: Whether you’re new to the world of taxes as a business owner or individual, an accountant is generally considered to be the best person to help you with your financial information, and they can be thought of as professional tax collectors. Most US individuals and businesses who benefit from having completed their tax returns in a timely and accurate manner, will admit to having used the services of a tax professional, and there is absolutely no shame in that. One of the simplest ways of preparing for your taxes is to utilise the services of a tax professional, and recent statistics put around 60% of US tax paying citizens reportedly using paid preparers to submit their tax returns. While it is perfectly acceptable to go it alone - especially if you have a good head for such things – using a paid professional is the best way of eliminating errors and being sure to submit all the relevant information at the right time. As discussed in Part One, the majority of US citizens use the services of paid tax professionals to help them submit their tax returns each year, and with these simple tips, your tax preparation experience can be as pain-free as possible: Taxes are a hassle no matter how you tackle them, but there are ways of simplifying the whole process by planning in advance to help minimize your stress levels when your taxes are due: With April 15th very definitely behind us, most US citizens who didn’t file for an extension, have filed their taxes successfully, either alone or with the help of a tax professional. Many folks will be disappointed to discover that they owe taxes, while others will be pleasantly surprised with a refund. When Congress decides to make changes to tax rates, that’s when they occur and the frequency at which this happens is hard to predict. Most recent changes were back in 2001, thanks in part to the Economic Growth and Tax Relief Reconciliation Act, which reduced tax rates for both individuals and businesses. So, Congress writes the tax laws, but the IRS are responsible for implementing them and helping to explain how the new rules can be applied to specific situations. Treasury Regulations and Revenue Rulings are the written regulations and procedures in which the new tax codes will appear, and they are almost four times as long as the tax code itself! Here’s a little more about the relationship between the IRS and the tax code: Preparing the Garden Site Module 10 - Garden Ecology Lesson 5: Preparing the Garden Site Why is it important to prepare the site? More than likely the site you will be transforming will need some attention to get it ready for the makeover you are envisioning. Chairman. ICAI-Asansol Chapter. Dy. Manager (Finance), ECL. GDP Growth Go Up by about 1%. International Competitiveness by about 5%.. Increased FDI- Already seen.. All . those who gain to be part of tax payment.. 2017. Yesterday, today and tomorrow. ONE INDIA ONE TAX. CMA Suresh Pimple. . B.Sc. (HONS), FCMA , DISA. GST……Yesterday. Multiplicity of Taxes..