Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
(GST)
By :
1 1. Rojita Chingakham(17-23-106)
2. Divya Rashmi(17-23-119)
3. Manoj(17-23-101)
4. Sophia Debarrma(17-23-105)
5. Pritam Das(17-23-102)
2 Content:
What is Tax and GST?
GST in Global Scenario
What are the taxes that GST replaces
Types of GST
Comparison of Old system and GST(with example)
Supply chain
Slab of GST
Impact of GST
Advantages of GST
Key features
Hurdles of Implementation
3
What is Goods and Service Tax(GST)?
GST - i) one indirect tax for the whole nation, makes India one
unified common market.
- ii) single tax on the supply of goods and services, right from
the manufacturer to the consumer.
4 Contd
Introduced to curb the black money in the market.
Introduction of GST is going to increase the GDP by 2% in the long
run.
Lauched in India in order to:
1)To reduce the complications of Taxes
2)To improve the system of indirect taxes and as well as the
problems like double taxation.
GST would combined several central and state taxes into one tax.
5 GST Global Scenario:
State
*VAT
*Entry Tax
*Luxury Tax etc.
7 Types of GST:
Sale to the another state igst Central sale There will only be one
tax+excise/services type of tax (central)
tax now in case of inter-
state sale.
9
How will gst function?
Cgst
Cgst stands for central gst
This is applicable on supplies wihtin the state
Tax collected will be shared to central
Sgst
Sgst stands for state gst
This is applicable on supplies wihtin the state
Tax collected will be shared to state
Igst
Igst stands for integrated gst
This is applicable on inter-state and import
transaction
Tax collected is shared between central and the
state
10
Benefits of GST:
Impact on SMEs
Impact on Economy
Impact on Consumers
Impact on readymade garments
Impact on manufacture
15
GST Advantages
Petroleum Product
Alcohol
Tobacco Product
19 Hurdles in Implementation
Thank You