Cgst PowerPoint PPT Presentations

What does section 12 say: Section 12 talks about time of supply of goods that is when the liability to pay tax arises on goods. FAQS on Section 12 of CGST Act 2017: Time of Supply of Goods

GST or Goods and Services Tax are an all-inclusive tax levied on sellers, manufacturers, and consumption of goods as well as services across India. Considering the fact as to what is CGST, SGST, and IGST, it should be known that the first one is the tax on goods and services by the central government. Visit:- https://www.attitudetallyacademy.com/Blog/the-use-of-cgst-sgst-and-igst-in-tally-erp9-tax/

Govt. vide Notification No. 18/2022-Central Tax dated 28.09.2022 appoints 1st October, 2022, as the date on which the provisions of sections 100 of the Finance Act,2022 shall come into force.

भारत वर्तमान में अपने समग्र आर्थिक क्षेत्रों में प्रमुख सुधारों के माध्यम से जा रहा है। भारत की वृद्धि दर इतना अधिक है कि यह 2030 तक दुनिया की तीसरी सबसे बड़ी अर्थव्यवस्था Economy बनने के लिए तैयार है। सरकार देश के समग्र आर्थिक विकास development को बढ़ावा देने के लिए महत्वपूर्ण पहल कर रही है। जीएसटी और इसके 3 प्रकारों का परिचय- सीजीएसटी (CGST), एसजीएसटी (SGST), आईजीएसटी (IGST) और यूटीजीएसटी (UGST) ऐसे प्रमुख आर्थिक विकास कार्यक्रमों को प्रभावी ढंग से समर्थन दे रहे हैं।

भारत वर्तमान में अपने समग्र आर्थिक क्षेत्रों में प्रमुख सुधारों के माध्यम से जा रहा है। भारत की वृद्धि दर इतना अधिक है कि यह 2030 तक दुनिया की तीसरी सबसे बड़ी अर्थव्यवस्था Economy बनने के लिए तैयार है। सरकार देश के समग्र आर्थिक विकास development को बढ़ावा देने के लिए महत्वपूर्ण पहल कर रही है। जीएसटी और इसके 3 प्रकारों का परिचय- सीजीएसटी (CGST), एसजीएसटी (SGST), आईजीएसटी (IGST) और यूटीजीएसटी (UGST) ऐसे प्रमुख आर्थिक विकास कार्यक्रमों को प्रभावी ढंग से समर्थन दे रहे हैं। जीएसटी GST in Hindi गुड्स एंड सर्विस टैक्स के लिए है यह भारतीय अर्थव्यवस्था के इतिहास में सबसे बड़ा कराधान सुधार (improvement) माना जाता है। यह वैट, सर्विस टैक्स (service tax), सीएसटी, एक्साइज और अतिरिक्त एक्साइज ड्यूटी, मनोरंजन और लक्जरी टैक्स Tax इत्यादि जैसे कई करों को बेचेगा। यह एकमात्र समान कराधान प्रणाली है जो समय, लागत और प्रयास को नष्ट करने में मदद करेगा।

In July 2024, a new version known as GSTR-1A was introduced via CBIC Notification 12/2024, dated July 10, 2024. This version enables taxpayers to modify their GSTR-1 prior to submitting their GSTR-3B. The specific information required for GSTR-1A is specified in CGST Rule 59(4A). This guide offers a clear, step-by-step explanation for completing the GSTR-1A filing process using the Gen GST online software, accompanied by helpful screenshots to facilitate understanding.

Section 65 of the CGST Act empowers the commissioner to undertake audit of any registered person by issuing a notice in Form GST ADT-01 to such registered person.

Amendments proposed in the CGST Act, 2017 To be effective from a date to be notified after the enactment of the Finance Bill, 2023 Amendments in Section 10 Clause (d) of sub-section (2) and clause (c) of sub-section (2A) in section 10 of the CGST Act is proposed to be amended so as to remove the restriction imposed on registered persons engaged in supplying goods through electronic commerce operators from opting to pay tax under the Composition Levy

Ensuring the legitimacy and accuracy of Show Cause Notices and Orders issued under the Goods and Services Tax (GST) regime is of paramount importance. This essay highlights important features of the CGST Act, 2017 and explores the need to closely examine these papers. Additionally, the attached PDF offers a thorough explanation of why, in some circumstances, it is crucial to confirm the legitimacy of the served notices and orders. Complying with GST requirements and avoiding any financial fines or legal repercussions can be made easier for taxpayers by having a clear understanding of the legal procedures associated with the issuance of such documents.

Section 16(4) of the CGST Act, 2017 presents issues for taxpayers who have had their Input Tax Credit (ITC) rejected. Taxpayers sometimes become aware of its significance only after receiving tax letters. Several cases enforced by government authorities include taxpayers who filed GSTR 3B after the deadline under section 16(4). As a result, the ITC for the relevant month is rejected. For example, if the GSTR 3B for March 2023 is filed after the due date stipulated in section 16(4) (November 30, 2023), the ITC for March 2023 will be rejected.

The Finance Bill, 2023, as introduced in Parliament on February 1, 2023, suggested several modifications to CGST/IGST rules under clauses 128 to 144 of the Finance Bill, 2023. Learn more! For more information, visit us at:- https://academy.tax4wealth.com/blog/gst-changes-finance-bill-2023

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Charging Set CGST-14 Comes with Lightning cable and Micro cable, Support: iPad 4, iPhone 5, iPad mini, HTC, Samsung and more. Features: Includes Lightning to USB ...

The yearly return filed by the registered taxpayers in GST, including those listed under composition levy scheme, is known as GSTR-9. It entails features about the supplies made and received during the year underneath different tax heads i.e. CGST, SGST, and IGST. It associates the information provided in the monthly/quarterly returns during the year.

Charging Set CGST-15 Comes with Lightning cable and Micro cable, Support: iPad 4, iPhone 5, iPad mini, HTC, Samsung and more. Features: Includes Lightning to USB ...

GST on E-commerce: Find the relevant definitions of Electronic Commerce, Services notified under section 9(5) of CGST Act, Registration of an ECO, Services listed under section 9(5), Pay GST in case ECO, etc. Stay updated with us and get GST real time updates. Start your 7 days free trial here: http://bit.ly/2zB0jd1

India is currently going through major reforms in its overall economic sectors. GST boosts the country’s economic growth and ease of doing business in overall industrial sectors. Here are the significant types of GST- CGST, SGST, IGST and UTGST which provide a smooth mechanism of tax collection for the respective central, state and union territory governments of India. To get more information about types of GST and GST on real estate visit Tax Guru.

Due to the epidemic, the government has temporarily blocked permitting taxpayers to generate E-way bills. The taxpayers were greatly relieved by this suspension since it saved them the inconvenience of having to unlock E-way bills that had been blocked for non-compliance. However, the most recent GST advisory, which was made public on August 4th, 2021, noted that, in accordance with Rules 138 E (a) and (b) of the CGST Rules, 2017, the blocking of the E-way Bill (EWB) generating facility has restarted after August 15th, 2021.

Goods and Services Tax is the new unified, multi-stage and consumption based tax levied on manufacture, sale and consumption of Goods and Services at national level to replace all the existing national and state tax systems like VAT, Service Tax, Excise Duty, etc. It is expected to remove the cascading effect of tax-on-tax which is prevalent presently. It is applicable to you if you are into Manufacturing, Trade, E-commerce or Services. ZEPPO Bill is updated for all your GST billing needs: GSTIN, HSN and SAC code support, GST formats for all documents from invoices to purchase orders and more.With built in tax slabs, you only need to select the right gst rate for your products or services and ZEPPO Bill will do all the detailed calculations of SGST, CGST or IGST. All your data is safely stored and secured on your PC. The backup and restore feature helps to protect your invoicing database form an unfortunate events or while transferring it from one PC to another.

This Magento 2 GST extension configures your Magento store with GST rules following the Indian government regulations. GST splits (CGST, SGST and IGST) can be generated in various formats including invoices, PDFs, orders and reports with the help of this extension.

As per the Central GST (CGST) Act, the notified entities are required to collect TDS at 1 per cent on payments to goods or services suppliers in excess of Rs 2.5 lakh. ... E-commerce companies will now be required to collect up to 1 per cent TCS while making any payment to suppliers under the Goods and Services Tax (GST).

Input Tax Credit in GST

India's Goods and Services Tax (GST), launched on July 1, 2017, is the country's largest tax reform. It simplified the complex tax structure by merging multiple indirect taxes into one unified system, promoting transparency, reducing costs, and boosting economic growth. GST's impact on businesses, consumers, and the economy is profound and transformative.

GOODS AND SERVICES TAX (GST) IN INDIA

Know the simple calculation of GST in India by the professional GST calculator features of GST Helpline App in the case of interstate and intrastate transaction. The application calculates all the taxes by the calculator.

Are you a Tally user looking to enhance your auditing skills? Our latest blog is packed with tips and tricks to help you navigate through common audit queries with ease. Discover how to identify mistakes in your data before handing it over to an auditor using features like trend analysis and exception reports. Learn about trend analysis, exception reports, and high/low analysis techniques to pinpoint discrepancies quickly and efficiently.

GST (Goods and Service Tax) commonly have more much impact on traders and business units at a first level. After GST Traders are beneficial regarding the Goods.

"The latest development in the realm of e-invoicing with the introduction of the E-invoice Exemption Declaration Functionality. Read Full Article at https://einvoice6.gst.gov.in/content/e-invoice-exemption-declaration-functionality-made-available/ "

If you're looking for GST Compliance services in Mumbai, it's time to sit back and relax. In this post, we will go over the fundamentals of GST and show you how we can assist you with GST through our services so that you can focus on your business without worrying about GST.

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‘Third-party exports’ means exports made by an exporter or manufacturer on behalf of another exporter(s). In such cases, shipping bills shall indicate the name of both the exporter/ manufacturer and exporter(s).

Kansult Computer With Client Base in USA & Africa Our experience as mentioned for complete computerization jobs especially on-line and time bound work is very vast and it also varies from the roots of material management, stock & inventory, accounting, taxation, GST annual Return, GST audit software.

"The latest development in the realm of e-invoicing with the introduction of the E-invoice Exemption Declaration Functionality. Read Full Article at https://einvoice6.gst.gov.in/content/e-invoice-exemption-declaration-functionality-made-available/ "

Is Exporting Goods and Services upon payment of Integrated Tax a better option under GST? – A detailed analysis

A GST Training Course in Noida is always an effective course that is specially designed for tax professionals. SLA Consultants Noida has updated course module and material that helps the candidates in getting the best jobs. This GST institute has real-time training and experienced trainers who help the candidates to gain a deeper knowledge of taxation.

All you need to know about Integrated Goods and Service Tax (IGST).

Scrutiny notices and intimations are floating in the recent times where department is alleging the taxpayers to reverse the excess input tax credit claimed in Form GSTR 3B as compared to credits appearing in GSTR 2A.

The objective of this document is to summarize all the updates of CA Intermediate GST Classes (CA IPCC) (Notifications, Circulars, other amendments, and updates) in one place. 2 Central tax notifications, 1 Integrated tax notification, And also the council has approved the new GST rates for the real estate sector in the 33rd meeting. for more:-https://blog.studybytech.com/ca-intermediate-classes/

GST i.e. Goods & Services Tax Return is a document that contain details related to income/ sales and expenses/ purchases. It should be filed by every taxpayer who has been registered under GST and have a GSTIN i.e. GST Identification Number. But you need to be careful while GST Return Process. You should avoid some common mistakes during GST return filing. Here in this article we will discuss about such mistakes that usually taxpayers made during GST filing.

The world of GST Annual Return Filing is complex for many people. It is mandatory to have the GST registration number and to file your annual Return. However, if you need to learn about it, then in this blog, we will guide you through the basics of Annual GST Return Filing, highlighting the importance of timely compliance.

The main purpose of the GST is to curb various taxes levied currently on goods and service across states and to rebuilt in ‘one tax one nation’ mode. Here we will talk about the indirect taxes that will be included in GST and its benefits in the GST regime.

The Constitution (101st Amendment) Act, 2016 introduced the Goods and Services Tax (GST) regime in India, which is a comprehensive indirect tax on manufacture, sale or consumption of Goods and Services.

In a recent ruling, the Kerala High Court delivered a significant verdict regarding Input Tax Credit (ITC) under the Goods and Services Tax (GST) regime.

In GST, Government makes laws on the recommendations of the GST council. For that reason, GST council meets on regular basis to monitor the requirements of the economy and propose changes in the laws or issue clarifications for better implementation of the laws.

Top 20 GST Interview Questions and Answers in 2023. Goods and Service Tax (GST) is a broad, multi-stage, tax applied at every stage where value is added. GST is the only indirect domestic tax for the entire country. Learn more! For more information, visit us at:- https://academy.tax4wealth.com/blog/gst-interview-questions-and-answers

We are full service firm focuses in domain of Business Setup in India, FEMA, Expatriates Taxation, Accounting Outsource, International Taxation, Auditing, Transaction advisory and so on. Underpinned by our values and with our global presence, we serve on FDI advisory, cross-border accounting, International tax planning and Management consulting needs of our overseas clients all over the world.

The Goods and Services Tax (GST) login portal serves as a centralized platform for businesses in India to file their tax returns, claim input tax credits, and manage compliance. Its implementation has significantly streamlined the taxation process, reducing paperwork and eliminating cascading effects of multiple taxes. However, challenges such as technological glitches and compliance complexities persist. Nevertheless, GST login has revolutionized tax administration, fostering transparency and efficiency in the Indian business landscape.

India's current indirect tax system is complex and it isn't very easy to navigate. In fact, it is one of the trickiest aspects of running a business in India. To resolve this issue , faced by almost every new or existing businessman, the government has decided to implement a simpler more universally accepted 'Goods & Services Tax' (GST). GST would be one indirect tax meant to create and maintain a unified indirect taxation system across the country.

GST implications on transfer of business- The GST regime has emerged as an efficient tax system; significantly affecting business operations.

Authority for Advance Rulings, Telangana (‘AAR’) in the case of M/s Bambino Pasta Food Industries Private Limited ‘the applicant’ has issued a ruling regarding availability of Input Tax Credit on CSR expenses incurred by the applicant company. Captioned ruling has been analyzed in this update

Goods & Services Tax (GST) is an indirect tax throughout India to replace taxes levied by the central and state dia)|. Under GST, goods and services will be taxed at the following rates, 0%, 5%, 12%, 18%, 28%. There is a special rate of 0.25% on rough precious and semi-precious stones and 3% on gold.[1] There will be additional cess on sin goods like cigarettes. GST is expected to be applicable from 1 July 2017. GST impact: Foodgrains to get cheaper or remain flat for Indians. - www.actouch.com

CA Swatantra Singh, B.Com , FCA, MBA Email ID: singh.swatantra@gmail.com New Delhi , 9811322785, www.caindelhiindia.com, www.carajput.com *

Details about GST in India

We are full service firm focuses in domain of Business Setup in India, FEMA, Expatriates Taxation, Accounting Outsource, International Taxation, Auditing, Transaction advisory and so on. Underpinned by our values and with our global presence, we serve on FDI advisory, cross-border accounting, International tax planning and Management consulting needs of our overseas clients all over the world.

We are providing Company Registration, FASSI Registrations ESI, PF, Trade Licence, GST and IT.

GST Registration after cancellation - If the authorities have cancelled your prior GST Registration, here are several options to file for a new GST Registration. Learn more! For more info, visit us at:- https://academy.tax4wealth.com/blog/gst-registration