PPT-GST The Goods & Services Tax Act

2017 Yesterday today and tomorrow ONE INDIA ONE TAX CMA Suresh Pimple BSc HONS FCMA DISA GSTYesterday Multiplicity of Taxes. (GST). v. s. . krishnan. MEMBER (. gst. ) . cbec. Presentation Plan. GST – Why?. Legal Requirements for proposed GST. Features of GST Model. Procedural Aspects. Current State of Play. Issues under Discussions. (GST). v. s. . krishnan. MEMBER (. gst. ) . cbec. Presentation Plan. GST – Why?. Legal Requirements for proposed GST. Features of GST Model. Procedural Aspects. Current State of Play. Issues under Discussions. 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. Presentation by:. R. O. . Jetley. Superintendent (Customs. ). M.Sc. (Physics), MBA, LL.B.. 1. DISCLAIMER. THE OBJECTIVE OF TODAY’S SEMINAR IS TO PROVIDE OVER ALL VIEW OF GOODS AND SERVICE TAX, BASED ON MODEL GST LAW.. 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. A big debate surrounding the Special Economic Zone (SEZ) Units/ Developers after model GST Law was released in November 2016 was whether up-front exemption from payment of taxes enjoyed by SEZ unit/ developer would continue under Goods and Services Tax (GST).. A big debate surrounding the Special Economic Zone (SEZ) Units/ Developers after model GST Law was released in November 2016 was whether up-front exemption from payment of taxes enjoyed by SEZ unit/ developer would continue under Goods and Services Tax (GST).. 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.. 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. A Catalyst or a Inhibitor..... What is GST?. ‘G’ – Goods. ‘S’ – Services. ‘T’ – Tax. “Goods and Service Tax (GST) is a comprehensive tax levy on manufacture, sale and consumption of goods and service at a national level.. GST . Awareness Campaign. Presentation Plan. 2. What . is GST?. ONE NATION: ONE TAX. Limitations of current Tax regime. Credit of Excise not allowed. Credit of CST Not . Available . (This should relate to interstate supply. An arrow can be shown from wholesaler in Maharashtra to retailer in Madhya Pradesh and show that credit of CST paid in . Gopal . Mondal . Cascading effect . No credit of CST . No credit of VAT to Service providers . No credit of basic customs duty and custom cess . No credit of . Swachh. Bharat cess to Manufacturer & service provider.