PPT on Goods and Service Tax (GST)
Goods and Services Tax: unified supply tax with CGST/SGST/IGST, input tax credit rules, registration and transitional measures. GST creates CGST, SGST and IGST as a unified supply-based tax with specific rules for utilization and priority of input tax credit, place of supply determinations for goods and services, and comprehensive registration, invoicing, payment, refund and reverse-charge provisions; transitional measures allow carry forward of CENVAT/VAT credits, credit for inputs and capital goods on the appointed day, and set out treatment of pending claims and adjustments when migrating to GST. (AI Summary)
Enclosing herewith is the PPT on Goods and Service Tax (GST). Hope all will find the same beneficial to understand the concepts in GST and align the Business Model in times to come, as GST would lead to Business Transformation.
Any suggestions please do get back so that the same may be putforth to CBEC.
regards
CS Sanjay Malhotra
Goods and Services Tax - GST