PRESENTING BY

AMIT KUMAR SHAW

(DOFORT TUTORIAL)
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INTRODUCTION

GST is a tax on supply of goods & services for a consideration for business purpose.

GOODS SERVICES
► MOBILE, TV, CLOTHES, BREAD, ► RENT, LEASING, TRAINING,
FURNITURE, BOOKS, JEWELLARY, CONSULTANCY SERVICES, HOTEL &
TOOTHPASTE, AIR CONDITIONER ETC. GUEST HOUSE, RESTAURANT ETC.

CONSIDERATION BUSINESS PURPOSE

► MADE OR AGREED TO BE MADE FOR A ► IN THE COURSE OR FURTHERANCE OF
CONSIDERATION (SOMETHING IN BUSINESS.
RETURN) BY A PERSON.
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EFFECT OF GST

BEFORE GST AFTER GST

DISTRIBUTER PRICE 100 DISTRIBUTER PRICE 100
TAX 10 10 Gov TAX 10 10 Gov
WHOLE SELL PRICE 110 WHOLE SELL PRICE 110
VAL ADD 40 VAL ADD 40
PRICE 150 PRICE 140
TAX 15 15 Gov TAX 14 4 Gov
RETAILOR PRICE 165 RETAILOR PRICE 154
VAL ADD 35 VAL ADD 35
PRICE 200 PRICE 175
TAX 20 20 Gov TAX 17.5 3.5 Gov
CONSUMER PRICE 220 CONSUMER PRICE 192.5
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ONE NATION
ONE TAX

ELIMINATING SIMPLE TAX

TAX LEAKAGE REGIME

OBJCTIVES
OF GST

REMOVING LOWER COST

CASECADING OF
EFFECT PRODUCTION
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TAXES SUBSUMED UNDER GST

Central Service
Excise State Enter-tain State State
Duty Tax VAT ment Tax Surcharge Cess

Central Taxes on
Entry Central Central Lotteries,
Tax Sales Surcharge Cess Betting
Tax etc.

Special Add. Add.

CVD Luxury Purchase Excise Customs
CVD Tax Tax Duty Duty
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TAXES NOT SUBSUMED

Basic Customs Anti- Dumping CVD on

Export Duty
Duty Duty Subsidized article

Entertainment Tax
Electricity Duty Stamp Duty Property Tax
by Local Authority

Road Tax &

Toll Tax
Passenger Tax
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GST RATES

0 12 28
% % %

18 28%
5
% with
%
cess
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SUPPLY
► SALES
Supply ► TRANSFER
includes all ► BARTER
forms of supply ► EXCHANGE
of goods or
► LICENCE
services or
► RENTAL
both such as :
► LEASE
► DISPOSAL
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TYPE OF SUPPLY

COMPOSITE SUPPLY MIXED SUPPLY

▪ GST rate of principal goods or services ▪ GST rate of goods or services

will charged. containing highest rate will charged.
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TYPE OF GST

IGST CGST SGST UGST

INTER STATE SUPPLY

INTRA STATE SUPPLY
Supply from one
states or UT to
another state or Supply of goods Supply of goods Supply of goods
UT or services within or services or services
Import of goods state or within UT within state within Union Territory
or services
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INPUT TAX CREDIT

Unutilized input tax (tax paid on input supply) is called Input Tax Credit.
How to utilize ITC

O
IGST IGST CGST R SGST / UGST

CGST IGST CGST

SGST/UGST IGST SGST/UGST

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TAXABLE PERSON
Mandatory Registration
❑ Persons making
taxable supply ► Inter State Supply
whose Aggregate ► Casual Taxable Person
Turnover > Rs. 40
► Non Resident Taxable Person
lakhs in a financial
year. ► E-commerce operator
❑ However if the ► Business via E-commerce operator
person makes
► Input Service Distributor
taxable supply from
any of special ► Person making supply on behalf of other
category states then Taxable Person
limit will be reduced ► Person require to pay tax under RCM
to Rs. 20 lakhs.
► TDS Deductor / TCS Collector
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Reverse Charge Mechanism

Registered Dealer Unregistered Dealer

Rs. 5

RE
TEA 2 CUP 100
VE TEA 2 CUP 100
Rs
FORWARD CHARGE

RSE .5
GST 5 GST 5
CH
MECHANISM

105 AR Rs. 5 105

G
E
M
EC
HA
NI
If any Registered person purchased SM
from Unregistered person aggregating
more than 5000/- in a day
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Specific Goods or Services

RCM on Specific Goods RCM on Specific Services

Raw
Cotton
Insurance
Silk Yarn GTA Agent Government
Cashew Nuts

Tendu Used Car

Tobacco
Leaves or goods Advocate
Leaves Director Composer

Supply of Lottery Recovery

by State Govt, UT, Import Sponsorship
Scrap Agent
Local Bodies
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COMPOSITION SCHEME

1) Have to file only quarterly file (i.e. GSTR4) and Annual return.
2) GST rate will be either1% or 5% (6% in case of service).

1) Cannot avail benefit of Input Tax Credit (GST on input becomes direct expense).
2) Cannot charge GST from customers (issue “Bill of Supply”).
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TIME OF SUPPLY

SUPPLY OF GOODS SUPPLY OF SERVICES

Whichever is earlier : Whichever is earlier :

A) The date of issue of invoice. A) The date of issue of invoice.
B) The last date on which he is required B) The last date on which he is required
to issue invoice.(Goods dispatch to issue invoice.(30 days from the
date/ handover date) completion of services)
C) The date on which the supplier C) The date on which the supplier
receives the payment receives the payment
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PLACE OF SUPPLY

CASES OF GOODS PLACE OF SUPPLY CASES OF SERVICES PLACE OF SUPPLY

Supply involves Destination of Supply made to Location of Recipient
movable goods supply Registered person
Goods delivered on Principle place of Supply made to Location of Recipient or
direction of third third person Unregistered person service provider
person Supply of services in Location of such
relation to immovable Immovable Property
Goods does not Location of property
involves movement of Goods
Restaurant, Location where service are
goods
entertainment event or actually performed or
Goods assembled or Place of assembly amusement park event is actually held
installed. installation Training and Location of recipient of
Goods supply on Location where performance appraisal service
board a conveyance goods are taken Transporting of goods, Location of recipient of
on board courier etc. service
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GSTN

19 AAACG4322F 1 Z 9

State No. of
PAN Series Random
code registration

GSTN is provided PAN based and State based

www.gst.gov.in
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EWAY BILL
There is must to issue Whose responsibility to generate Eway Bill :
Eway Bill for movement
of goods in a vehicle
whose value is >50000
(either each invoice or Supplier Transporter Recipient
in aggregate of all
invoices in a vehicle).

To generate Eway Bill, visit

ewaybill.nic.in
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Returns

Return Description By whom Due date

GSTR 1 Outward supply Regular registered person 10th of next month
(Annual TO > 1.5 Crores)
Regular registered person 10th of next
(Annual TO <= 1.5 Crores) month/quarter
GSTR 2A Inward supply (only view) Regular registered person
GSTR 3B Simple return Regular registered person 20th of next month
GSTR 4 Quarterly return Composition registered person 18th of next quarted
GSTR 9 Annual Return Registered person 31st December
GSTR 9C Audit Report Registered person 31st December
(Annual TO > 2 Crores)
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PAYMENT
OF TAX There are three types of Electronic Ledgers

Ledger Form
PAYMENT DUE DATE Electronic Liability Ledger GST PMT 01
For regular 20th of next Electronic Credit Ledger GST PMT 02
scheme month Electronic Cash Ledger GST PMT 05
For composition 18th of next
scheme quarter
Interest for

Delayed payment of tax 18% p.a.

Undue or excess claim of ITC 24% p.a.
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Thanking You
for enjoying the session

AMIT KUMAR SHAW