jut 20 Unit 1 - Thbwoduction to 6 8T ey Pee- GST tax Strwetuxe in Tndlia fe eT Dixect taxes Trdixect taxes ! sanduastx savannas a Searels Vr 7 fa Tneome. Coxponate str Cental State ene tox tee co body | rd iron Goods Seer a ee 1 CED BCD AED| SAD CvD YAT CST ° Puxchose CENVATG0oH) ia (1-4-2008) (457) tax Sexvices . Swach Kochi tax Bhaxat: Kalyani (aa) "des" Cots / [ acted | se — . . | ; | Road Taxes OF Profteasion | rept Octioi/ Ro: Lotheny tax | ty to tax ard Belting Lexus a tox i tax du: vty STT- Secusity transaction tax CED - Central Excise duby CENVAT ~ Central value added tax © scanned with OKEN ScannerBCD - Basie Custom duly AED - Additional excise doly SAD ~ Special additional duty CVD = Courstere vailing duty VAT ~ Value added Lax CST Central sales tox Taxes subsumed under GST + ae ae | CED | aaa : _ MAT. | | "AED . CS: > | evD Purchase tox SAD ; Luxwey tax Sewiee tax Enty tax/ Oetii | Cees | : 6 Surcharge Central govt State govt v GI Ger i { Teteqrated } TG@SsT = S5G5T+ COST © scanned with OKEN Scanner7 ‘ Before GST Manufacture -» Wholesale —* Retailen —» Conaumase Producer goods : | Provide SexvicL& (ced) VAT Mechanienn ee St. Ponsacton pstice ‘ 7 [boxe var Gol | price | Pagable Rawr material) Selle to | ae | il ie Tle supplier marubechoe | Mamafectwar. “Sells 49150 1s | tes 5 netaile | : ‘ : ce ear et Te 8 - : Consumes ee puschase eon 2 220 20 VAT 7 Payable « Output tax - Input tax jo Tox x rate Ys tol ‘ _ Stages | Before. GST [api 6 ast Producer | s000. +5600 ] Pas esGo = 10,000 | | 10,000 + 500 10,000 x 10‘/.- 1000 | | = 10,500 10,000 + 1000 = I;OOO © scanned with OKEN ScannerWholesaler | 11,000 + Wood + 101500 + HOOO | + 15,000 \¥,500+ 4OO : re | 15000 x lo! + 1506 | = thaI00 | 15,000 + 1500+ '6,500 | | [4004+ ood Retailer | 16, 500 + 4000 = 20,500 | \ 20,800 x 10:/.- 2050 | a 'g40 + Oo 20,5004 2050. , | = (9,300 , + 850 | Consumes | “9,850, aad Need He st 50+ 50 =100 Paabit, maxgio ~ 50 Prod veexs | : : Pheee 4: | 10O+5= 105 S 100+ 10 = 110 | | lotto = BO Wholesalexs © 1O5+10= 115 IO + 12 = 132 L 4 WS+l- NG B24 10 ~ 1H? Retailers |e tor ire | eet ee v G+ te!27 I56 Dore Congumex& m7. © scanned with OKEN Scanner4 GST Duel mode [ : | Tntxa- stale Tater - state transac tons . trangactons ol omponents “TGST Tategqrated goods,” sexviced tax > definition 4 goods under GST Act ro!7 : x Goods melude - ; FA | Evescy kind movable propextyy 2 lottery , Belting , Grambling “i Debts , Hypothecabion , ftedges . 3. Growing Yoss SOPs, ings fromm can be seperated fom land ‘tard which ae Does not include - b Money d Secunitied . # Sewices dex GST Act dor “Ang ting other than goods. - Detexminakion 4 tox! “Befone GST “Me, GST 7 |. Seller state used fo qt Buyer will get He. mevenue mevenue - ° : S X Oxigin Based tox Destination based tax © scanned with OKEN ScanneroA GST Featuxes : T Seamless fous af enedit Taput Lax exedit Supplier — (Avuur ate GP saat Recipient — Pawar) Porys GST - 100 [axe an Sald goods Consum wD Pou, GST - 100 : — NET GST. Payable: | : ie Output tox payable - Thput tax paid om purchases 150-100 +50 : —» Common pextal : WW A. GST: Grov: in Netwoxk —> GSTN A Goods, Sexviee tax network - -y Advantages _ 4 Registration : i Lege supplier 2 hutboxised to \collect tax “a Autharised: bo pass ciedlit: to buyer a Authorised to clam pre © scanned with OKEN Scanner_— 5 Seambens flows 4 Itc > Essentials 4, Registrar | 1 Pan based 2 Skate wise - UT wise ssuegisbeo hors 3+ Same business - Different nagiststa kon yw GSTIN - 15 digit PAN . based Noha numbers Staxteng we oe {(Tilangana.- 364 7A seld qoods to B 9,00,000 ji GST- ie-/, Sal Same state - 200,000. CasT - 1¢,060 CST = 47. SaST = 18,000 SGS5T- A/. 1 Tawoice value = 436,909 > Corn pleas negutrotion.. See(Q¥) % t Intex state toxable ‘supply - i -In case 4 sexvice tunnaves "baleis 20L nO need to weagisters ~ Th tease. qos if tance ves ie Le Rok also Hey need 40 register. 2 Caseca) taxable. person % Non- xesident taxable pexson © scanned with OKEN Scannerbe E> Commence aperca Lost 5. Suppliers tof Commence operator G. Peon liable 40 pay tax » Agent supplying on behalf 4, principal distri bulbar. mt & Trput Sexvic 2 > Fosuard change ot 1 Reverse change mechanism )- Proceduxe 4 Registration rae GST - LOG in into WH. Govt-to 2 Select services icon _. Undex Services - Select new negistration 3. Ful the Pasct-A gf the tones GST REG - ol i) Ester the pan no: validated By NSDL, CEDT ti) Exvtese mobile no validated By OTP sent’ to the registered wobille iit) Email-TD verified. by. OTP to the registered meil-TD. w On successh ull verifeakion ATRN (temporary xeexerce no) et +) sect to Email) mobile no- 5. Using TRN submit the documents in PART-@ fd Form GST REG- Of verified. Hoeugh © scanned with OKEN ScannerE- verification code ' 6. An Acknowledgement form GST Req or iA generated fox verification , Approval’ psco cess - successful submission — GST negistrabon certificate issued fy fox GST, REG - 06 defect Notice will be sued in’ the 1 After Any four GST Req - 03 fase clarification. + Deemed Registration | —_ No communication fam the proper officer: with Deg waxking doy an application i) Deemed to be registered. > Cancellation 4. GST Registrakion | by Tax _ Pougerc - | Pesemanent- closure de business 2 Bupiness Trane 3. Change im Business sbuctune Ih Tuxmovex belous Taceshold Writ 5 Volumtascy Cancellation. GST Officese ~ 1 Non= compliaree with GET Jaws He Uneithorised ackivibg 2% Basdulent GST Reg , ii 3. Vielation d GST Rules” 5 © scanned with OKEN Scannerad Trnparrtanit Definition urvdert GST + T Persons Ys 2(an's + An Trdividual rv LLP a. Co operative society , oA company ) 5 Any canpertakion 6 Certeal/ State qo Bust 8. HUF 9. Fixer to Aot/BoT tt Anibaly corporate, registered in Trin In. Local autheriby 13. Society Lo tye Every axkficiod judicial Pe . eAEOr) T Distinct person Ys 25(#) - Same Establishment. - Seperate registration rm Same state ot diff exent state - Ti Taxable_pouen Ys 2(107) =, © scanned with OKEN ScannerTaxable person My 201) { ‘ | Registered Liahte to be d ; registered Sec 22 Sec ry v 4 Regiatenedh Compulecry afte threshold limit registration > 20 Lakhs without Hreshold Berit 2 Registixed _peson 2(au) Registered Ug 25, Apply fe negieieration within 30 days: 3 st > Recipient, 243) A Comsidesabon - A person table to pasy 2 No Considleration > Receiver of goods [senvices 3. An agent, | Supplie 2(08) | The parson supplying goods /'senviees o' both imeluding agent: © scanned with OKEN ScannerGST Rate Stevetune Leno vale - 0 | Essential theme | Mexit ate - 57 | Commonly used! jie Standard nate - ities |. FMC Dermenxit nate -26/. ' _huxwy goods Addi tonal ‘ass Ih te 25:/, box wey goods | Artiales outside GST nate, ‘Gold , Gems, Tewellery | 3/, 0:25:/ ST Precious | Semi precious, Stones , Grp Slab wise GST Tax nates | Foot wean — x !000- 5:/, fe e f "> 1000 -18/ ‘ Hotel" Mécomodation’ ~ < 1600) Pax doy Use 4 HSN code m invoice 4, Nomenclature Tutnover upto 15 cere. - NO HSN CODE Tetin ove upto 'Sto 5 - be digit code Twnover upto ¥ Score ~ 6 digit tede: Expasttina/ Tmnparctens ~ @ digit HSN code ¥5AC code Mm GST ~ Services Ascaunting. code. » Developed by CBIC badly 6 digit numexic. codes - To clowsif y , Sexier’ ~~ Pace sty Hi ’ ny locakon 4 Supplier Place 4 supply Same state . Dikenent state 7 1 CQST S68 T/uTHST.” TEST © scanned with OKEN Scanner> Problens : i Mo. Ray E | Meie © celle io ve seta to) Mo. Vijay 4 Nagpur : Tdentihy * the place 4, supply & type 4 taxes levied . Sct. Place 4 supply - Nag pus Taxes - CGST + SQ5T [ a Moe Raj 4 Mumbai sella So tw sets to Mahesh ob Bangloxe Sct Place 4 supply - _ Bengione Taxes ~ 1ST Seldesc _ Buyer | Mahaxashtro oy) Uta | 2 | | g Selle goods... pradesh | he 1 . 7 L — vi Actuall Alan Actvened an pet aS instruelion o paity ® ir | Maheateshiocce Sel. Place af Supply. .~ Uttar pradech . Taxes - 15ST © scanned with OKEN Scanner