What is GST?
One Tax For
Manufacturing
Trading
Services ONE NATION: ONE TAX
Subsuming of Existing Taxes
CGST
• Central Excise
• Additional duties of Custom (CVD)
• Service Tax
• Surcharges and all cesses
• VAT/sales tax
• Entertainment Tax
SGST •
•
•
Luxury Tax
Lottery Tax
Entry Tax
• Purchase Tax
IGST • CST
S S KALE
E way bill
In Maharashtra upto 1 lakh not required.
For inter state, e way bill required once you cross
transportation of Rs 50000
There are some items which are exempted from
having e way bill
It has to be generated online.
Eway bill has to accompany the goods in transit.
Shrikant kale
R C M means ?
(98) “reverse charge” means the liability to pay tax by the
recipient of supply of goods or services or both instead of
the supplier of such goods or services or both under sub-
section (3) or sub-section (4) of section 9, or under sub-
section (3) or subsection (4) of section 5 of the Integrated
Goods and Services Tax Act;
Valid return ?
(117) “valid return” means a return furnished under sub-
section (1) of section 39 on which self-assessed tax has been
paid in full;
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Registration threshold limit
As per Section 22 of CGST Act, 2017
Every supplier shall be liable to be registered in the state from
where he makes taxable supply of goods/services/both
If his aggregate turn over exceeds Rs. 20 Lakhs.
Exemption from registration in CGST Act,2017:- (a) Exclusive
supply of exempted goods/services (b) agriculturist.
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Limitations of current Tax regime :
2. Multiple Registrations
Central
Excise
REGISTRATION COMPULSORY IN FOLLOWING CASES:-
Persons making inter-state supplies.
Casual taxable persons
Any person who pays tax under reverse charge
mechanism.
E commerce operator.
Non resident taxable persons
Any person who is required to deduct tax at source
U/s.51.(especially Govt departments & local bodies,)
Any person who supplies goods or services on behalf of
others as agent or otherwise.
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Regn-continue
Any person who is required to collect tax under section 52.
( by e commerce operator)
Every person supplying on line information and data base
retrieval service from a place outside India to a person in
India, other than a registered person.
Input service distributor
Every electronic commerce operator.
Any other person as notified by Govt.
Grant of Unique Identity Number shall be considered as
deemed registration meant for Consulates, Govt
Departments, etc.
Process of registration
If liable for registration, required to obtain
registration within 30 days from the date he
becomes liable to registration 25(1).
PAN is must for GST Registration-25(6)
Other details/documents soft copy required such
as adhar, light bill,rent agreement,bank details etc
Online application, verification thru registered
mobile phone, email, OTP & verification of PAN.
Then electronic submission of application.
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Registration can be amended.
Registration can be cancelled if person does not
conduct any business from the declared place or
business or issues invoices or bill without supply of
goods or service .
