Overview of Goods and Service Tax:

:

Who?:

What?:

“CGST”

“SGST”

“UTGST”

“IGST”

Where?:

When?:

Why?:

•

•

•

•

•

•

•

•

Why?: :

How?:

CGST :

•

•

•

•

• CVD

• (SAD)

•

•

SGST :

•

•

•

•

•

•

•

•

•

Relevance of GST:

Features of GST:

Dual GST

Central GST - CGST

State GST - SGST

Integrated GST - IGST=

CGST+SGST ( Inter state supply )

-IGST

Zero rated

o

o

CGST CGST SGST SGST CGST

SGST SGST CGST

IGST IGST, CGST SGST

Threshold Exemption:

:

•

•

•

• (reverse charge)

•

composition levy)

composition levy)

GSTC will make

recommendations on:

•

•

•

•

•

•

•

•

Highlights of GST:

•

[Sec. 19 (9)].

• (Sec.

44 & 27).

• (Sec. 35).

•

(Sec. 25

& 26 ).

•

(Sec. 27).

•

(Sec. 29

& 29A).

•

(Sec. 42).

•

(Sec. 27).

• NEFT

RTGS (Sec. 35).

•

(Sec. 27).

•

supplementary or revised invoice)

(Sec. 23).

•

(Sec. 34).

•

(Sec. 24).

•

(Sec. 55).

•

(Sec. 11).

Conclusion:

IRS.,

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