PPT-Goods and Service Tax (GST)

CA Atul Kumar Gupta 1 CA Atul Kumar Gupta Present and Proposed Scheme of Indirect Taxation GST Benefits and Challenges Challenges in GST Lesson from Present System Road to GST Milestones. Presentation by :. CA. . Pulak. . Saha. 9. th. January, 2015 at ACAE. www.pwc.in. 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. (GST). 1. Content of presentation. Background of GST. Salient features of GST. GST status update. Inter-State GST. Place of Supply. Revenue Neutral Rate (RNR). Issues in GST. 2. Background of GST. 3. Presentation by :. CA. . Pulak. . Saha. 9. th. January, 2015 at ACAE. www.pwc.in. 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. 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.. A PRESENTATION. BY. CS HARSH CHAUHAN. ACCOUNTS OFFICER . BSNL. GST– . A BACKGROUND. GST see light of day after 13 years long journey since first coined by . Kelkar. Task Force in 2003. FM Chidambaram declared in 2006-07 Budget speech that GST will be applicable by 01/04/2010. 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. Impact of anti profiteering measures on the business – Section 171. Reduction in Tax Rate or Benefit of ITC to be passed on to the recipient by way of commensurate reduction in prices.. An Authority to be constituted to examine the above.. . Compulsory requirement to enter. Different categories of ITC. NOT FOR GST PURPOSES. . -. 00. For specifying all kind of entries which are not falling under the purview of GST/ no impact on GST Returns.. OVERVIEW | IMPLEMENTATION CHALLENGES . Rajeev . Dimri | Partner. GST – Why so much noise…. GST: IMPLEMENTATION CHALLENGES. 3 | . 3. | . Excise Duties including the additional excise duties . Cesses in the nature of excise duty /customs duty. OVERVIEW | IMPLEMENTATION CHALLENGES . Rajeev . Dimri | Partner. GST – Why so much noise…. GST: IMPLEMENTATION CHALLENGES. 3 | . 3. | . Excise Duties including the additional excise duties . Cesses in the nature of excise duty /customs duty. Current Indirect Tax Regime. Central. Levy. State Levy. Service Tax. Sale Tax/VAT. Custom Duty-BCD CVD SAD. Entertainment. Tax\Luxury Tax. Excise Duty-BED Additional. excise duty. Entry Tax. Central Sale Tax. By. K.N.Hari. Hara Prasad. Dy.Director. (Cost). CGST Audit . Commissionerate. Anti Profiteering under GST law. Section 171 of the Central . Goods and . Services . Tax Act. , 2017 provides for Anti Profiteering measure. . 2017. Yesterday, today and tomorrow. ONE INDIA ONE TAX. CMA Suresh Pimple. . B.Sc. (HONS), FCMA , DISA. GST……Yesterday. Multiplicity of Taxes.. . INTRODUCTION: BENEFITS OF GST. The benefits of this transformational tax reform are manifold. The benefits include: . A single tax would replace multiple taxes.. Set-off of prior-stage taxes would mitigate the ill effects of cascading..