Final Report GST With Index As Per The Format Report

A
PROJECT REPORT
“TO STUDY THE IMPACT OF GST ON ILMS WAREHOUSE

PVT LTD”
SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR
THE AWARD OF THE DEGREE OF
MASTER IN BUSINESS ADMINISTRATION
SUBMITTED TO
UNIVERSITY OF PUNE
SUBMITTED BY
Ms. Supriya Londhe
SEPTEMBER 2019
SMT.HIRABEN NANAVATI INSTITUTE OF MANAGEMENT AND RESEARCH
FOR WOMEN, PUNE
“TO STUDY THE IMPACT OF GST ON ILMS WAREHOUSE PVT LTD”
A PROJECT REPORT
SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR
THE AWARD OF THE DEGREE OF
MASTER IN BUSINESS ADMINISTRATION
SUBMITTED TO
UNIVERSITY OF PUNE
SUBMITTED BY
Ms. Supriya Londhe

CERTIFICATE
I, hereby, certify that the work which is being submitted as a Project Report entitled “To
Study The Impact of GST on ILMS Warehouse Pvt. Ltd”, in partial fulfillment of the
requirements for the award of the Masters in Business Administration to the University
of Pune is an authentic record of my own work carried out during a period from May
2018 to Aug 2019 under the guidance of …................................. (Name & Designation of
faculty guide).
The matter presented in this Project Report has not been submitted by me for the award
of any other degree elsewhere.
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This is to certify that the above statement made by the student is correct to the best of my
knowledge.
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Date: Name & Designation

CERTIFICATE
This is to certify that Ms. Supriya Londhe has successfully completed her summer
internship on the project titled “To Study the Impact of GST on ILMS Warehouse Pvt.
Ltd” in the partial fulfillment of MBA Programmer
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in our organization. During her summer internship, she has worked on the titled “To
Study the Impact of GST on ILMS Warehouse Pvt. Ltd”. She has been sincere and
hardworking in her work. We wish her luck in her future endeavors.
Signature
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ACKNOWLEDGEMENT
I would like to place on record my deep sense of gratitude to
Mr./Ms.___________(company guide) for his/her generous guidance, help and useful
suggestions. I express my sincere gratitude to Prof. ______________, (Faculty guide) for
his/her stimulating guidance, continuous encouragement and supervision throughout the
course of present work. I am extremely thankful to _________, Director, HNIMR, Pune,
for continuously motivated me, without which this work would not have been possible.
Signature of the Student

TABLE OF CONTENT
Chapter Particulars Page no.

No.
Abstract/Executive Summery
1. INTRODUCTION
1.1 Impact of GST on Warehousing In India
1.2 Need of the Study
1.3 Objectives of the Study
1.4 Data Collection
1.5 Impact of GST on Warehouses
1.6 To understand the concept of goods and service tax.
1.7 Features of goods and service tax.
1.8 To analyse GST return and registration process online.
1.9 Statement of the Problem.
2. LITERATURE REVIEW
3. ORGANIZATION / COMPANY PROFILE
4. RESEARCH METHODOLOGY
4.1 Hypothesis developed
4.2 Data collection
4.3 Study Period
4.4 Area of Study
4.5 Statistical Method
4.6 Sampling
4.7 Sample size
4.8 Methods of Sampling
5. DATA ANALYSIS
5.1 Credit and Liability Statement of ILMS Warehouse Pvt.
Ltd for the Year 2017-2018
5.4 What Is A Works Contract?
5.5 Time of Supply of Service
5.6 Place of Supply in GST
5.7 Impact on Construction and Real Estate Sector-
5.8 Difference between VAT and GST
6. LEARNING OUTCOMES OF THE PROJECT
6.1 Positive Impact of GST:
6.2 Negative Impact of GST
7. CONTRIBUTION TO THE HOST ORGANIZATION
8. FINDINGS AND OBSERVATIONS
9. CONCLUSION, SUGGESTIONS, AND

LIMITATIONS
Conclusion
Suggestion
Limitation
Reference
LIST OF TABLE
Sr. No Table Name Page No
Table No 1 Company Information
Table No 2 Credit and Liability Statement 2017-2018
Table No 3 Credit and Liability Statement 2018-2019
Table No 4 Credit and Liability Statement2019-2020
Table No 5 construction services where value of land
Table No 6 Rate of Works Contract Service
Table No 7 Tax Credits – Implications
Table No 8 PRE & POST GST

LIST OF FIGURE
Sr. No Figure Name Page No
Figure No 1 Credit and Liability Statement 2017-2018
Figure No 2 Credit and Liability Statement 2018-2019
Figure No 3 Credits and Liability Statement2019-2020
Figure No 4 Time of Supply of Service
Figure No 5 PRE & POST GST

ABBREVIATIONS
Abbreviation Illustration Page No
GST Goods and Service Tax
CGST Central Goods and Services Tax
SAD Special Additional Duty of Customs
IGST Integrated Goods and Services Tax
SGST State Goods and Services Tax
ARN Application Reference Number
VAT Value Added Tax

EXECUTIVE SUMMERY
India has now implemented most important tax reform GST. More than 160 nations have
already adopted a unified indirect tax structure in Asia which creating an effective tax
system with comparatively lower cost of administration and collection due to multiple tax
rates at the state level makes the system inefficient now remove all state tax barriers and
creating an efficient tax system. In this project author focus on the impact of GST
on ILMS warehouse PVT LTD. Our area of scope is Pune and Mumbai Location. For
data analysis we use secondary data source. In India, there has been no uniform and easy
to implement taxation policy in place across various supply chains. Consequently, the
distribution as well as warehousing strategies is tax oriented which restricts effective
utilization of available resources. As we have seen, companies build warehouses in each
state to evade taxes which actually is not a good practice as far as logistics efficiency is
concerned. And even the existing warehousing infrastructure is still unorganized. But
with GST coming to the fore and because of its simplified and uniform approach, there is
surely going to be a more positive impact of GST on warehousing in India. As
warehouses are an integral part of each supply chain, read on how GST will impact
warehousing in India Author also focus on to understand the concept of goods and
service tax, to examine the features of goods and service tax, to study the impact of GST
on ILMS warehouse PVT LTD. to analyse GST return and registration process online.
Storage and warehousing of agricultural produce has been exempted from GST, clearly
with the intent to reduce the tax burden on the farming sector.
ILMS Warehouse Private Limited is a Private incorporated on 13 July 2009. It is
classified as Non-Govt. Company and is registered at Registrar of Companies, Mumbai.
Its authorized share capital is Rs. 500,000 and its paid up capital is Rs. 500,000. It is
involved in Real estate activities with own or leased property. This class includes buying,
selling, renting and operating of self-owned or leased real estate such as apartment
building and dwellings, non-residential buildings, developing and subdividing real estate
into lots etc. Also included are development and sale of land. This is a continuation of the
earlier exemption of service tax for these services.
CHAPTER 1
INTRODUCTION
GST is a single tax on manufacture, sale, and consumption of goods and services
throughout India. The purpose behind this move is to have one indirect tax for India
which will make the country unified common market. GST is collected at every stage of
sale or purchase of goods or services, based on input tax credit method. This
simplification of the taxation system would make the inter-state transportation of goods
more efficient. As higher than optimal time is consumed per transportation, logistics costs
incurred in India 2 to3 times compared to the global benchmarks, according to the World
Bank. In simple terms, the logistics cost in India is about 13 per cent of GDP as
compared to about eight per cent in western countries and about 18 per cent in China. But
with the introduction of GST, India will become a seamless market without any
difference between inter-state or intra-state sales. Warehouses are scientific storage
structures especially constructed for the protection of the quantity and quality of stored
products. Warehousing may be defined as the assumption of responsibility for the storage
of goods. The Goods and Service Tax (GST) is boost to the growth of the warehousing
industry. The 1.2 billion sq. ft. domestic warehousing industry now consolidates with the
roll-out of the goods and service tax. Implantation of GST is presenting companies the
life time opportunity to restructure their logistics and warehousing in terms of locations,
size, operations and services. The old structure gave rise to the practice of companies
manufacturing warehouse in each state in order to avoid central taxes. GST will facilitate
centralization and consolidation without adding rather reducing the cost. One of the
World Bank report “India Development Update” has estimated that GST will help in
taking decisions on warehousing and distribution without making any tax considerations.
This would ultimately result in consolidation of warehouses and further closure of
smaller warehouses.
1.1 Impact of GST on Warehousing In India
In India, there has been no uniform and easy to implement taxation policy in place across
various supply chains. Consequently, the distribution as well as warehousing strategies is
tax oriented which restricts effective utilization of available resources. As we have seen,
companies build warehouses in each state to evade taxes which actually is not a good
practice as far as logistics efficiency is concerned. And even the existing warehousing
infrastructure is still unorganized. But with GST coming to the fore and because of its
simplified and uniform approach, there is surely going to be a more positive impact of
GST on warehousing in India. As warehouses are an integral part of each supply chain,
read on how GST will impact warehousing in India –
1. Reduction in number of warehouses
Presently, companies feel the need to build at least one big warehouse in different states
because of different taxes being imposed in the states. This increases the storage cost and
affects the warehousing structure in India. With GST in place, there would be uniformity
in imposed taxes and companies would not require paying for taxes in different regions.
Companies would have one big warehouse at a central location which might serve
multiple states leading to decrease in the no. of warehouses. Alternatively, companies
may opt for warehouses at specific locations on the basis of hub and spoke model. We
can safely assume GST will have a direct impact on the total count of warehouses in a
supply chain.
2. Better Inventory Control & Enhanced Demand Forecasting
Current tax structure in India leads to complicated warehousing decisions like setting up
of huge inventory and at times, running out of inventory when demand rises suddenly.
GST would have a huge impact on inventory efficiency as there would be lesser stocking
points and case of stock outs would also be fewer. This will all be due to companies
taking advantage of economies of scale and making better forecast for the upcoming
demand, thereby ensuring that supply chain process is up and running. Surely, this will
lead to a positive impact of GST on warehousing in India.
3. Technology Implementation on a larger scale
As mentioned above, consolidated warehouses would be larger in size for

accommodating more inventory at a central location, these warehouses would definitely
benefit from technological sophistication by implementing state-of-the-art planning and
warehousing systems which are not possible in smaller and scattered warehouses. There
would be indirect impact of GST on warehousing in India, as IT costs of deploying ERP
systems at smaller warehousing locations would be eradicated. Analysts also predict that
it will ensure improved service levels at lower cost in overall supply chain.
4. More Organized Warehouses
We see there is so much scope for organizing the current unorganized setup of
warehouses in India. In the present scenario, research says that there are around 20-30
warehouses for each company, almost 1 in every state. This gets further complicated
when those warehouses are sustained by 20-30 C&F agents leading to complexity in
supply chain and causing inefficiency. Warehousing industry will feel the impact of GST
as the need to build warehouse in each state would be almost over and this will lead to
better organized warehouses and ultimately, enhancing the overall efficiency.
5. Cost Benefits
GST will diverge the attention of conscious tax savings on supply chains to efficiency
oriented approach as warehousing sector will be optimized to a greater deal. This will not
only save logistics costs for LSPs but these benefits would be passed on to the customers
too.
There is no running away from the fact that GST is going to be implemented pretty soon.
But we can assume very safely that impact of GST on warehousing in India is going to
lead us in the positive direction. Warehousing sector is bound to get more organized and
overall profits are there to be reaped. There is an estimated growth of around 18 % in
warehousing until 2017, which will be above 20% in the coming years with GST’s
implementation. Are you ready for this leap and in case you want to make sure that you
change with the flow? At Holisol, we have the expertise in warehouse designing for
supply chains of different industries for the past 7 years. Just get in touch to make your
infrastructure compliant and ready for GST’s impact on warehousing in India
1.2 Need of the Study
Warehousing is an important logistic function, which involves holding and preserving

goods from the time they are produced until they are needed for consumption. The
storage of goods, therefore, from the time of production to the time of consumption,
ensures a continuous flow of goods in the market. Storage protects the quality of
perishable and semi-perishable products from deterioration However, it is the storage and
warehousing sectors that have mainly remained under-researched although the
warehousing segment constitutes only 15%-35% of the total logistics costs, and its
importance cannot be ignored with respect to the role it plays in the smooth functioning
of a supply chain network. Indian businesses for long have ignored the significance of the
warehousing sector that continues to remain one of the most under invested sectors in the
country. Earlier tax system was multiple tax rates at the state level which increased to
overall cost of transport and makes the system inefficient. New tax reform GST has
remove tax barriers and ultimately its effect to cost savings.
1.3 Objectives of the Study
1. To understand the concept of goods and service tax.

2. To examine the features of goods and service tax.
3. To study the impact of GST on ILMS warehouse PVT LTD.
4. To analyse GST return and registration process online.
5. To impact did on ILMS warehouse PVT LTD due to the use GST instead of VAT
1.4 Data Collection
The present study is mainly based on secondary data. Secondary data is collected through
journal, research paper and website the whole study is based on experts analysis and data
presented by government and institutions for analyzing impact on warehousing industry
after implementation of GST.
1.5 Impact of GST on Warehouses
 Reduction in number of warehouses: Earlier, companies feel the need to build

at least one big warehouse in different states because of different taxes being
imposed in the states. This increases the storage cost and affects the warehousing
structure in India. With GST in place, there would be uniformity in imposed taxes
and companies would not require paying for taxes in different regions. Companies
would have one big warehouse at a central location which might serve multiple
states leading to decrease in the no. of warehouses. Alternatively, companies may
opt for warehouses at specific locations on the basis of hub and spoke model. We
can safely assume GST will have a direct impact on the total count of warehouses
in a supply chain.
 GST - The Technology Enabler: As mentioned above, consolidated warehouses
would be larger in size for accommodating more inventory at a central location,
these warehouses would definitely benefit from technological sophistication by
implementing state-of-the-art planning and warehousing systems which are not
possible in smaller and scattered warehouses. There would be indirect impact of
GST on warehousing in India, as IT costs of deploying ERP systems at smaller
warehousing locations would be eradicated. Analysts also predict that it will
ensure improved service levels at lower cost in overall supply chain.
 Operations Management: In the pre-GST era, low tax optimization and not
higher operational efficiency was the end goal of warehouse organization.
Manufacturers and third-party logistics companies cleverly sidestep tax laws by
following a scattered and decentralized model of storage and distribution. They
transfer stock to warehouses set up in various states of operations, avoiding
central taxes on inter-state trade to a large extent. A lower tax bill comes at the
cost of better operational efficiency those large structured warehouses in
centralized geographic locations with better connectivity offer. Manufacturing
companies have to revamp their warehouse organization and logistics network to
leverage the opportunities presented by GST implementation.
 Logistics Time: On report of entry taxes and heavy paper work at state check
posts, there is an extra 5-7 hours added to the transport time for inter-state
transport of goods. Over the time there will be a move towards a 'hub and spoke'
model in which less but bigger trucks will move between bigger warehouses. In
addition, flow of goods is expected to get better with reduction in turnaround time
as VAT related check posts will be removed. It may lead to 15-20 per cent
decrease in the truck stoppage time. This will also lead to faster and increase in
the number of deliveries. Abolishment of both the entry tax and easier tax
compliance actions is likely result in easier movement of goods across the
country.
 Shift unorganized to organized format: Traditionally most of the warehouse
was being unorganized sector which were more of godowns being accepted as
state wise need based option we see there is so much scope for organizing the
current unorganized setup of warehouses in India. In the present scenario,
research says that there are around 20-30 warehouses for each company, almost 1
in every state and now GST lead to better organized warehouses and ultimately,
enhancing the overall efficiency.
 Healthy Impact on Supply Chain: With GST in one place, there would be
uniformity in taxes and companies would not be required to pay taxes in different
regions. After GST implementation the warehousing sector is better organize
itself and also optimize. Its operation and information technology system.
 Central Warehouse: The location of warehouse is generally chosen to minimize
the cost of delivery for both the company and the customer other factors
considered access arterial highways, access to highways, ports, etc. for shipment
and labor availability. The local state tax are also factor a considered by
companies before locating a warehouse with the implementation of GST, logistic
companies can have restructure their warehouse location and can have one central
warehouse.
 Inventory Control and Demand Forecasting: Number of warehouses leads to
complicated warehousing decisions like setting up of huge inventory and at times
running out of inventory when demand rises suddenly. GST would have a huge
impact on inventory efficiency as there would be lesser stocking points and case
of stock outs would also be fewer. This will all be due to businesses taking benefit
of economies of scale and making better prediction for the upcoming demand,
thereby guaranteeing that supply chain process is up and running. Surely, this will
lead to a positive influence of GST on warehousing in India
 Cost Benefits: Reduction in number of warehouses and setting up larger
centralized warehouses at prime locations will certainly make the sector more
organized. Companies that were earlier more concerned about saving on taxes
would focus more on operational efficiencies. With this, the logistics costs will
come down. After the implementation of GST there is full credit available
interstate transaction therefore it is benefited to cost reduction.
1.6 To understand the concept of goods and service tax.
People have taken note of the GST or the Goods Services Tax law. A new law has been
proposed which is set to reform how people do business and the way goods and services
are taxed in India. Whether it makes goods cheaper for the common man like you and
me, nobody can tell. But this is going to impact our lives in our jobs, our businesses and
the overall economic environment. Reason enough for us to learn something about it!
1.6.1 Who does it apply to?
 To every person who supplies goods and/or services of value exceeding Rs

20 lakh in a financial year. (Limit is Rs 10 lakh for some special category states).
Compulsory registration for these. And GST must be paid when turnover exceeds
Rs 20 lakh (Rs 10 lakh for some special category states).
 To any person making inter-state taxable supply of goods and/or services
 Every e-commerce operator
 Every person who supplies goods and/or services, other than branded services,
through e-commerce operator
 Aggregators who supply services under their own brand name
 Casual Taxable Person
 Non-Resident Taxable Person
 Person required to deduct/collect tax (TDS/TCS)
 Input Service Distributor
 Person supplying online information and database access or retrieval services
from a place outside India to a person in India, other than a registered taxable
person.
 Person required to pay tax under Reverse Charge
 Person supplying the goods on behalf of other taxable person (e.g. Agent)
 GST does NOT apply to Agriculturists
 GST does not apply to any person engaged exclusively in the business of
supplying goods and/or services that are not liable to tax or are wholly exempt
from tax under this Act
1.6.2 What is the GST framework as per the new law?
GST is expected to replace a myriad of indirect taxes such as VAT, customs duty, Excise,
CST, Service Tax, Entertainment Tax with a single tax called the Goods and Services
Tax.
 Broadly there will be 2 forms of GST in India.

 At the intra-state level (when goods travel within a state) and at the inter-state
level (when goods travel between states).
 At the intra-state level two types of GST shall be levied CGST (Central Goods
and Services Tax) and SGST (State Goods and Services Tax).
 At the inter-state level IGST (Or Integrated Goods and Services Tax) shall be
levied.
 Imports shall be considered as inter-state supply.
 Exports shall be zero rated.
 Supplies to SEZ will be Zero-rated
1.6.3 Will the new GST allow tax cascading benefits?
Many of us are aware that service tax and VAT have cascading benefits, which means
you can avail credit of tax paid by you on inputs. For example in case of service tax – you
levy service tax on services you sell and while depositing this tax you can take credit of
service tax paid by you on services used as inputs.
This cascading benefit shall also be available in case of GST.
1.6.4 Here is how set off works in case of GST –
IGST payments can be set off against – IGST, CGST, SGST on inputs
CGST payments can be set off against – IGST and CGST on inputs
SGST payments can be set off against – IGST and SGST on inputs
Hope our readers will find this information about GST useful. We will bring more details
on the draft law which is under discussion and has not been approved yet, so you can
better understand its impact on your business.
1.7 Features of goods and service tax.
GST belongs to the VAT family as tax revenues are collected on the basis of value added.
Unlike in the case of a pure commodity based VAT system, GST includes services tax
also. Similarly, input credit is given while calculating the tax burden. Following are the
main features of the GST as per the final agreement.
1. Taxes covered: Most of the important indirect taxes of the center and states are
integrated under the GST. The most important tax of the central government (in
terms of tax revenue collection) -the Central Value Added Tax (or Union Excise
Duty), Additional Customs Duty (CVD), Special Additional Duty of Customs
(SAD), Central Sales Tax (levied by the Centre and collected by the States, the
fastest growing tax revenue of the center – Service Tax, the most important tax
revenue of the states – the state VAT (Sales tax) are now merged into a single tax
under the Goods and Service Tax.
2. The four-tier rate structure: the GST proposes a four-tier rate structure. The tax
slabs are fixed at 5%, 12%, 18% and 28% besides the 0% tax on essentials. Gold
is taxed at 3%. The center has strictly demanded and got an additional chess on
demerit luxury goods that comes under the high 28% tax. Essential commodities
like food items are exempted from taxes under GST. Other consumer goods
which are common items will be taxed at 5%.4. The new GST seems to have two
standard rates – 12% and 18%. GST rate structure for the goods and services are
fixed by considering different factors including luxury/necessity nature.
3. Service tax rate under GST: Under the GST, there is a differential tax structure.
A low tax rate of 5% is imposed on essential services. Common services are
charged at 12% and some commercial services at 18%. A tax rate of 28% on
luxury services is also made. Several services like education provided by an
educational institution, Post Offices, RBI etc. are exempted from service taxation.
The standard GST rate on services seems to be 18%. Services are taxed at a
common rate of 15% previously.
4. Turnover limit under GST and tax right over low turnover entities: GST is
applied when turnover of the business exceeds Rs 20lakhs per year (Limit is Rs
10lakhs for the North-Eastern States). Traders who would like to get input tax
credit should make a voluntary registration even if their sales are below Rs 20
lakh per year. Traders supplying goods to other states have to register under GST,
even if their sales are less than Rs 20 lakh. There is a composition scheme for
selected group of tax payers whose turnover is up to Rs 75 lakhs a year.
5. Tax revenue appropriation between the center and states: The center and
states will share GST tax revenues at 50:50 ratios (except the IGST). This means
that if a service is taxed at 18%, 9% will go to the center and 9% will go to the
concerned state.
6. Components of GST: CGST, SGST and IGST: When the center and states are
merging their prominent indirect taxes under GST, both should get their own
share in the GST. For this, the GST Council has adopted a dual GST with two
components – the Central GST (CGST) and the State GST (SGST).
1.8 To analyse GST return and registration process online.
A return is a document containing details of income which a taxpayer is required to file

with the tax administrative authorities. This is used by tax authorities to calculate tax
liability. Under GST, a registered dealer has to file GST returns that include:
 Purchase
 Sales
 Output GST (On sales)
 Input tax credit (GST paid on purchases)
To file GST returns, GST compliant sales and purchase invoices are required. You can
generate GST compliant invoices for free on ClearTax BillBook.
GST Registration process Online

Steps 1 – Go to GST portal. Click on Register Now under Taxpayers (Normal)
Step 2 – Enter the following details in Part A –
 Select New Registration

 In the drop-down under I am a – select Taxpayer
 Select State and District from the drop down
 Enter the Name of Business and PAN of the business
 Key in the Email Address and Mobile Number. The registered email id and
mobile number will receive the OTPs.
 Click on Proceed
Step 3 – Enter the OTP received on the email and mobile. Click on Continue. If you have
not received the OTP click on Resend OTP.
Step 4 – You will receive the Temporary Reference Number (TRN) now. This will also
be sent to your email and mobile. Note down the TRN.
Step 5 – Once again go to GST portal. Click on Register Now.
Step 6 – Select Temporary Reference Number (TRN). Enter the TRN and the captcha
code and click on Proceed.
Step 7 – You will receive an OTP on the registered mobile and email. Enter the OTP and
click on Proceed
Step 8 -You will see that the status of the application is shown as drafts. Click on Edit
Icon.
Step 9 – Part B has 10 sections. Fill in all the details and submit appropriate documents.
Here is the list of documents you need to keep handy while applying for GST
registration-
 Photographs
 Constitution of the taxpayer
 Proof for the place of business
 Bank account details
 Authorization form
Step 10 – Once all the details are filled in go to the Verification page. Tick on the
declaration and submit the application using any of the following ways –
 Companies must submit application using DSC

 Using e-Sign – OTP will be sent to Aadhaar registered number
 Using EVC – OTP will be sent to the registered mobile
Step 11 – A success message is displayed and Application Reference Number (ARN) is

sent to registered email and mobile.
1.9 Statement of the Problem
Although the movement of goods across countries has become more efficient, the end-
user of the product or service is obliged to pay tax due to the application of GST in India.
The current system without GST means that “tax is paid on the value of goods and
margin at each stage of the production process” and this would translate into an amount
higher than the total tax paid. Thus the final consumer is obliged to pay more to purchase
goods or avail services.
However, these are not the only challenges experienced by the Indian logistics industry.
Some other obstacles in this regard are:
 Uncertain, unorganized pricing policies and unrestricted costs.
 Differential regulations with the intervention of local, regional and national tax
authorities.
 Lack of trained staff and inadequate tax management programs.
 An unstable assessment of transport costs leading to corruption
 Damage to inventory and bad debts resulting from delayed delivery or improper
delivery of goods
This study is an attempt to suggest therapeutic guidelines to overcome the above issues in
the field of logistics.
CHAPTER 2
LITERATURE REVIEW
Nandgopal P et al. logistics is the management of the flow of objects between the
starting point and the point of usage to fulfill the needs of companies or customers.
Resources managed in logistics can include material items such as food, materials,
animals, tools and fluids. As well as abstract elements, such as time and information.
Logistics usually includes physical material, information flow integration, material
handling, production, packaging, inventory, transport, storage, and safety. As a sector that
collects countless industrial and commercial activities in the country on a daily basis, it
tries forever to bridge the fragile gap between increasing consumption and timely supply;
it is hardly self-evident to consider logistics as the backbone of the Indian economy is
rapidly changing shape. GST is an indirect federal sales tax applied to the cost of most
goods and services except petroleum products and alcohol. The business adds GST to the
price of the product; the customer who buys the product pays the sale price plus GST
Sivashankari K et al. this paper is an examination of what the effect of Goods and
Service Tax (GST) will be on Logistics Sector in India principally in Transportation,
Warehousing and Logistics Service Providers. Catchphrases: GST, Freight Forwarding,
Logistics Service Providers. The essential bottleneck in driving monetary development of
this area is because of various duties charged by experts at interstate check posts. These
outcomes in high logistics costs putting additional cost load on the clients. The logistics
costs in India is high (13 for each penny of GDP) when contrasted with created nations
Dr.C.R. Senthilnathan et al. It is expected to add stability to our economy by

developing a common Indian market and reducing the cascading effect on the cost of
goods and services. This study analyse the impact of GST on Logistics sector. It was
found that due to implementation of GST, the issue of tax cascading will be minimized to
a large extent. Consolidation of warehouses and reduction in downtime due to the trade
barriers, such as check-post inspection were some of the major benefits on logistics
sector. The major challenge ahead of the logistics sector due to GST model would be the
integration of the central, state and other stakeholders through a well-structured
information and communication technology (ICT) network. Logistics and transport are
support functions which are supposed to make the core operations of the business more
efficient. India on switching to seamless GST from current complicated indirect tax
system will be a positive step in prospering the Indian economy.
Deepak Mittal et al. warehousing is an important logistic function, which involves

holding and preserving goods from the time they are produced until they are needed for
consumption. The storage of goods, therefore, from the time of production to the time of
consumption, ensures a continuous flow of goods in the market. Storage and warehousing
of agricultural produce has been exempted from GST, clearly with the intent to reduce
the tax burden on the farming sector. Companies can now make decisions on warehouse
location size technology adoption inventory and operations management based on logical
factors like proximity to consumption centers, manufacturing locations, optimization of
goods movement and inventory control strategy etc. the cost savings that flow there from
will mean lower supply chain costs for manufactures and reduced products prices for
consumers. This is a continuation of the earlier exemption of service tax for these
services.
V.Jothi Francina et al. This paper is an analysis of what the impact of Goods and
Service Tax (GST) is on Logistics Sector in India primarily in Transportation,
Warehousing and Logistics Service Providers. Goods and service tax is a colligation of
multiple taxes levied by both Central (i.e., excise duty, countervailing duty and service
tax) and state (Value-added tax, Octopi and entry tax, luxury tax, etc.) governments when
an end-user purchases goods or services. It means same level of taxation would be
charged on a specific product or service across the entire country irrespective of being
manufactured and sold in different states. Logistics is generally the detailed organization
and implementation of a complex operation. The India logistics sector is primarily
categorized into four segments comprising transportation, warehousing, freight
forwarding and value-added logistics.
Dr.Anitha.M.N et al. This paper is an analysis of what the impact of Goods and Service
Tax (GST) will be on Logistics Sector in India primarily in Transportation, Warehousing
and Logistics Service Providers. The Indian logistics industry is expected to grow
steadily. But the logistics costs in India are high when compared to developed countries.
Logistics Sector in India is highly fragmented. Due to increased industrial activities, the
India logistics industry has gained immense significance over the years and a major
contributor of Indian GDP. Logistics is the management of the flow of things between the
point of origin and the point of consumption in order to meet requirements of customers
or corporations.
R. Swathi et al. Logistics sector plays a vital role in the development of our country.
Indian logistics industry has been showing a steady growth. Goods and Service Tax
(GST) is India’s greatest tax reform. The logistics of physical items usually involves the
combination of information flow, material handling, production, packaging, inventory,
transportation, warehousing and often security. In India, GST is implemented to unify the
entire country into a single market with only one value- added tax levy on all the goods
and services across states at the point of consumption, comprising up to 16 different
taxes. The specific objective of this article is to analyse the impact of Goods and Service
Tax (GST) on logistics and specifically on warehouses situated in India. Operations such
as order consolidation, order assembly, product mixing and cross-docking that take place
within the warehouse structure adds value to the overall logistics system.
Ranjana Upashi et al. This paper concentrates on benefits of GST and its effects on
different sectors like automobile, FMCG, banking, insurance, financial services,
Pharmaceutical sector, agriculture, real estate, Consumer durables, oil and gas, cement,
telecom, real estate, airlines and gold. The findings of the paper revealed mixed effect on
different sectors of the Indian economy. Companies and business organizations used to
pay number of indirect taxes like excise duty, customs duty, central sales tax, service tax
levied by central government and VAT, entry tax and octopi etc. levied by state
government. The implementation of GST single tax system is going to benefit the
consumer, business and finally boost the growth of the economy. Possible challenges and
threats and then, opportunities GST brings in strengthening the economy.
CHAPTER 3
ORGANIZATION / COMPANY PROFILE
Company Information-
IIMS Warehouse Private Limited
IIMS Warehouse Private Limited incorporated with MCA on 13 July 2009. The IIMS
Warehouse Private Limited is listed in the class of Pvt. ltd Company and classified
as Non Govt. Company. This company is registered at Registrar of Companies
(ROC), Mumbai with an Authorized Share Capital of Rs. 5.0 LAC and its paid up capital
is 5.0 LAC.
IIMS Warehouse Private Limited's last Annual General Meeting (AGM) was held on 29
September 2018, and date of latest balance sheet available from Ministry of Corporate
Affairs (MCA) is 31 March 2018.
The company has 3 directors/key management personal. IIMS Warehouse Private

Limited company registration number is 194021 and its Corporate Identification Number
(CIN) provided from MCA is U70102MH2009PTC194021.
IIMS Warehouse Private Limited company's registered office address is 807, Trade
World, "B" Wing, Kamala Mill Compound, Lower Parel Mumbai Mumbai City Mh
400013 In. Find other contact information for IIMS Warehouse Private Limited such as
Email, Website and more below.
Table No 3.1 Company Information
CIN U70102MH2009PTC194021
Company Status Active
Registration Number 194021

Date of Incorporation 13 July 2009
Registration State Mumbai
Company Category Company limited by Shares
Company Sub-Category Non-govt company
Class of company Private
Listing status Unlisted
Date of Last Annual General 29 September 2018

Meeting
Date of Latest Balance Sheet 31 March 2018
Age of Company 10 years, 1 month, 24 days
Activity Real estate activities with own or leased property. [This class
includes buying, selling, renting and operating of self-owned
or leased real estate such as apartment building and
dwellings, non-residential buildings, developing and
subdividing real estate into lots etc. Also included are
development and sale of land and cemetery lots, operating of
apartment hotels and residential mobile home sites.
(Development on own account involving construction is
classified in class 4520).]
Company Capital
Company Network
 Directors (3)
 Listing and Annual Compliance Details
Listing status Unlisted

Date of Last Annual General Meeting 29 September 2018
Date of Latest Balance Sheet 31 March 2018
 Contact Details:-
Email ID: harishpc@hotmail.com

Address: 807, Trade World, "B" Wing, Kamala Mill Compound, Lower Parel Mumbai
Mumbai City MH 400013 IN
 Companies with Similar Address

CIN Name Address
AFFLUENCE 807 & 808, Trade World, "B" Wing, Kamala City,
U70102MH2007PTC
REALTY AND Kamala Mill Compound, Senapati Bapat Marg, Lower
176115
LEASING Parel West Mumbai City MH 400013 IN
PRIVATE
LIMITED
ACIES Office No 808, B Wing,Trade World, Kamala City
AAL-2104
CONSULTING Kamala Mill Compound, Lower Parel (W) Mumbai
LLP Mumbai City MH 400013 IN
SQUARE ONE Unit 812,8th Floor,Trade World,B-Wing, Kamala City
U74999MH2013PTC
CONSTROWELL KamalaMillCompound,SenapatiBapatMarg,LowerPar
250708
PRIVATE el(W) MUMBAI Mumbai City MH 400013 IN
LIMITED
AFFLUENCE B-807, TRADE WORLD, KAMALA MILL
AAJ-9848
BUILDCON LLP COMPOUND, S.B.MARG, LOWER PAREL WEST
MUMBAI Mumbai City MH 400013 IN
AFFLUENCE B-807, TRADE WORLD, KAMALA MILL
AAJ-9849
LANDMARKS COMPOUND, S.B.MARG, LOWER PAREL WEST
LLP MUMBAI Mumbai City MH 400013 IN
R. K. BUILDCON Office no.509, C Wing, Trade World, S. B. Marg,
U45202MH2008PTC
PRIVATE Kamala Mill Compound, Lower Parel, Mumbai
180173
LIMITED Mumbai City MH 400013 IN
AASTHA TRADE WORLD BUILDING, 1ST FLOOR, B
AAA-9300
SPACES LLP WING, UNIT NO. 6, KAMALA MILL
COMPOUND, LOWER PAREL MUMBAI Mumbai
City MH 400013 IN
HIT TRAVELS 12TH FLOOR TRADE WORLD D- WING
U63040MH2008PTC
PRIVATE KAMALA CITY KAMALA MILL COMPOUND
178344
LIMITED SENAPATI BAPAT MARG LOWER PAREL WEST
MUMBAI Mumbai City MH 400013 IN
SPRINGNATURE 16TH FLOOR, TRADE WORLD, D

U70102MH2007PTC
ESTATE WING,KAMALA CITY KAMALA MILL
173215
PRIVATE COMPOUND,SENAPATI BAPAT MARG,LOWER
LIMITED PAREL WEST MUMBAI Mumbai City MH 400013
IN
 Prosecution Details
S.No. Defaulting Court Prosecution Date Of Status

Entities Name Section Order
No prosecutions found
 Charges/Borrowing Details
Charge Creation Modification Closure Assets Under Amount Charge Holder

ID Date Date Date Charge
100027641 2016-05- - - Immovable 390,700,000 HOUSING
16 property or DEVELOPMENT
any interest FINANCE
therein; On CORPORATION
license fees LIMITED
accruing from
mortgaged
units.
 Establishments Details
Establishment Name City Pincode Address

No establishments found
 Events
Company Vision and Mission-
Real estate activities with own or leased property. [This class includes buying, selling, renting
and operating of self-owned or leased real estate such as apartment building and dwellings, non-
residential buildings, developing and subdividing real estate into lots etc. Also included are
development and sale of land and cemetery lots, operating of apartment hotels and residential
mobile home sites. (Development on own account involving construction is classified in class
4520).]
CHAPTER 4
RESEARCH METHODOLOGY
4.1 Hypothesis developed
In this project author focus on the impact of GST on ILMS warehouse PVT LTD. Our
area of scope is Pune and Mumbai Location. For data analysis we use secondary data
source. In India, there has been no uniform and easy to implement taxation policy in
place across various supply chains. Consequently, the distribution as well as warehousing
strategies is tax oriented which restricts effective utilization of available resources. As we
have seen, companies build warehouses in each state to evade taxes which actually is not
a good practice as far as logistics efficiency is concerned. And even the existing
warehousing infrastructure is still unorganized. But with GST coming to the fore and
because of its simplified and uniform approach, there is surely going to be a more
positive impact of GST on warehousing in India. As warehouses are an integral part of
each supply chain, read on how GST will impact warehousing in India Author also focus
on to understand the concept of goods and service tax, to examine the features of goods
and service tax, to study the impact of GST on ILMS warehouse PVT LTD.
4.2 Data collection: Secondary data

Secondary data is a data available in the published or the un-published form, which is
al-ready collected by some other agency or person. The sources of secondary data are
company’s records & reports, reference books, journals, newspapers, periodicals,
government publications, internet etc.
1. Internet, websites
2. Industrial Reports
3. Case Studies
4. Business magazines
5. Books
6. Journals on e-learning Industry.
4.3 Study Period: Post budgetary session of Financial Year 2016-2019.
4.4 Area of Study- Pune
4.5 Statistical Method: Descriptive study
4.6 Sampling: It is not always necessary to collect data from whole universe. A small
representative sample may serve the purpose.
4.7 Sample size: Samples are devices for learning about large masses by observing a few
individuals.
4.8 Methods of Sampling

Random sample method or Convenience Sample method etc.
CHAPTER 5
DATA ANALYSIS
5.1 Credit and Liability Statement of ILMS Warehouse Pvt. Ltd for the Year 2017-
2018
Table 5.1: Credit and Liability Statement 2017-2018
Tax Period As per GSTR- As per GSTR- ITC Claimed ITC as per
1(Rs.) 3B(Rs.) in GSTR- GSTR-2A(Rs.)
3B(Rs.)
July-17 871002.64 871002.72 3346.78 5157.44
August-17 878937.66 878937.66 2355.18 993.48
September-17 628043.8 628043.8 44260.86 2894.6
October-17 933351.64 934160.9 8038.62 827.96
November-17 949757.9 949757.92 69332.8 28467.04
December-17 939230.48 939230.46 42092.5 85106.36
January-18 942656.9 942656.8 4123.48 13596.88
February-18 937804.36 937804 37068.44 464.82
March-18 945425.54 944615.76 59842 32690.88
Total 8026210.92 8026210.02 270460.66 170199.46
Credit and Liability Statement (17-18)
9000000
8000000
7000000
6000000
5000000
As per GSTR-1
4000000
3000000 As per GSTR-3B
2000000 ITC Claimed in GSTR-3B
1000000
0 ITC as per GSTR-2A
Figure 5.1: Credit and Liability Statement 2017-2018
Interpretations- Credit and liability statement of ILMS warehouse Pvt. Ltd for the year
2017-2018
In July 2017 is 8, 71,002.64 as per the GSTR-1, 871002.72 as per the GSTR 3B, 3346.78
as per the ITC Claimed in GSTR-3B, 5157.44 as per the ITC as per GSTR-2A.
In August 2017 is 878937.66 as per the GSTR-1, 878937.66as per the GSTR 3B,
2355.18as per the ITC Claimed in GSTR-3B, 5157.44 as per the ITC as per GSTR-2A.
In September 2017 is 628043.8 as per the GSTR-1, 628043.8 as per the GSTR 3B,
44260.86 as per the ITC Claimed in GSTR-3B, 2894.6 as per the ITC as per GSTR-2A
In October 2017 is 933351.64 as per the GSTR-1, 934160.9 as per the GSTR 3B, 8038.62
as per the ITC Claimed in GSTR-3B, 827.96as per the ITC as per GSTR-2A
In November 2017 is 949757.9 as per the GSTR-1, 949757.92 as per the GSTR 3B,
69332.8as per the ITC Claimed in GSTR-3B, 28467.044 as per the ITC as per GSTR-2A
In December 2017 is 939230.48 as per the GSTR-1, 939230.46 as per the GSTR 3B,
In January 2017 is 942656.9 as per the GSTR-1, 942656.8 as per the GSTR 3B, 4123.48
as per the ITC Claimed in GSTR-3B, 13596.88 as per the ITC as per GSTR-2A
In February 2017 is 937804.36 as per the GSTR-1, 937804 as per the GSTR 3B,
In March 2017 is 945425.54 as per the GSTR-1, 944615.76 as per the GSTR 3B, 59842
In 2017-2018 Total is 8026210.92 as per the GSTR-1, 8026210.02 as per the GSTR 3B,
270460.66 as per the ITC Claimed in GSTR-3B, 170199.46 as per the ITC as per GSTR-
2A
2019
Table 5.2 Credit and Liability Statement 2018-2019
Tax Period As per GSTR- As per GSTR- ITC Claimed in ITC as per
1(Rs.) 3B(Rs.) GSTR-3B(Rs.) GSTR-2A(Rs.)
April-18 939552.5 939552 4056
May-18 941559.9 941560 5902 5901.9
June-18 945253.8 945254 3596 7650.98
July-18 1018104 1018104 4128.64 4128.64
August-18 972469.1 972469.1 218.74 218.74
September-18 1079123 1079122 15282 17094.06
October-18 1040371 1040370 920 919.48
November-18 1039451 1039451 1268.76 3968.76
December-18 1040994 961556 26420 23719.14
January-19 1043708 1043708 4256 4256.98
February-19 1043237 1043238 3786 3801.26
March-19 962018.6 1041456 412442 323411.8
Total 12065842 12065840 482276.1 395071.7

14000000
12000000
10000000
8000000
As per GSTR-1
6000000
As per GSTR-3B
4000000
ITC Claimed in GSTR-3B
2000000
0 ITC as per GSTR-2A
Figure 5.2 Credit and Liability Statement 2018-2019

2018-2019
In April 2018 is 939552.5 as per the GSTR-1, 939552 as per the GSTR 3B, 4056 as per
the ITC Claimed in GSTR-3B, 5157.44 as per the ITC as per GSTR-2A.
In May 2018 is 941559.9 as per the GSTR-1, 941560 as per the GSTR 3B, 5902 as per
In June 2018 is 945253.8 as per the GSTR-1, 628043.8 as per the GSTR 3B, 44260.86 as
per the ITC Claimed in GSTR-3B, 2894.6 as per the ITC as per GSTR-2A
In July 2018 is 1018104 as per the GSTR-1, 1018104 as per the GSTR 3B, 4128.64 as
In August 2018 is 972469.1 as per the GSTR-1, 972469.1 as per the GSTR 3B, 218.74 as
In September 2018 is 1079123 as per the GSTR-1, 1079122 as per the GSTR 3B, 15282
In October 2018 is 1040371 as per the GSTR-1, 1040370 as per the GSTR 3B, 920 as per
the ITC Claimed in GSTR-3B, 919.48 as per the ITC as per GSTR-2A
In November 2018 is 1039451 as per the GSTR-1, 1039451 as per the GSTR 3B, 1268.76
In December 2018 is 1040994 as per the GSTR-1, 961556 as per the GSTR 3B, 26420 as
In January 2019 is 1043708 as per the GSTR-1, 1043708 as per the GSTR 3B, 4256 as
In February 2019 is 1043237 as per the GSTR-1, 1043238 as per the GSTR 3B, 3786 as
In March 2019 is 962018.6 as per the GSTR-1, 1041456 as per the GSTR 3B, 412442 as
In 2018-2019 Total is 12065842 as per the GSTR-1, 12065840 as per the GSTR 3B,
2020
Table 5.3 Credit and Liability Statement2019-2020
Tax Period As per GSTR- As per GSTR- ITC Claimed in ITC as per
1(Rs.) 3B(Rs.) GSTR-3B(Rs.) GSTR-2A(Rs.)
April-19 1045238.64 1045239.08 5787.24
May-19 1039451.4 1039452 3842 9628.8
June-19 1041042.98 86299.6
July-19 Not file yet Not file yet Not file yet Not file yet
August-19 Not file yet Not file yet Not file yet Not file yet
September-19 Not file yet Not file yet Not file yet Not file yet
October-19 Not file yet Not file yet Not file yet Not file yet
November-19 Not file yet Not file yet Not file yet Not file yet
December-19 Not file yet Not file yet Not file yet Not file yet
January-20 Not file yet Not file yet Not file yet Not file yet
February-20 Not file yet Not file yet Not file yet Not file yet
March-20 Not file yet Not file yet Not file yet Not file yet
Total 3125733.02 2084691.08 9629.24 95928.4

3500000
3000000
2500000
2000000
As per GSTR-1(Rs.)
1500000
As per GSTR-3B(Rs.)
1000000 ITC Claimed in GSTR-3B(Rs.)
500000 ITC as per GSTR-2A (Rs.)
0
Figure 5.3 Credits and Liability Statement2019-2020

2019-2020
In April 2019 is 1045238.64 as per the GSTR-1, 1045239.08 as per the GSTR 3B,
5787.24 as per the ITC Claimed in GSTR-3B,
In May 2019 is 1039451.4 as per the GSTR-1, 1039452 as per the GSTR 3B, 3842 as per
In June 2019 is 1041042.98 as per the GSTR-1, 86299.6 as per the ITC as per GSTR-2A
In 2019-2020 Total is 3125733.02 as per the GSTR-1, 2084691.08 as per the GSTR 3B,
5.4 What Is A Works Contract?
Works Contract is
 A composite contract
 Where there is transfer of property in goods along with supply of services
 Which are interrelated with each other?
 An agreement of building, construction, manufacture, processing, fabrication,
erection, installation, repair or commissioning of any movable or immovable
property may be called a works contract.
5.4.1 Taxability of Works Contract under Previous Tax Regime
 Various provisions were in place to separately determine the value of taxable

goods and taxable services in the total consideration of a works contract.
 VAT was charged on the value of sale of goods component and Service Tax was
charged on the value of service component
 Cascading effect of different taxes. For Eg. Software
 Confusions and legal disputes
5.4.2 Works Contract under GST

 Works Contract Has Been Defined In Section 2(119) Of CGST Act,
 contracts involving constructions of immovable properties are only kept within
the purview of works contract under GST Law
 A contract in relation to movable property, however, would be treated as a
‘composite supply’ of goods or services depending on the principal supply.
5.4.3 Immovable Property
 GST Law recognizes only two classes of Immovable property.

 SCH III Entry 5-
 Land &
 Building (other than under construction sale of flats/unit)
 Schedule II of the CGST ACT, 2017
1. Schedule II of the CGST Act, 2017, deals with the classification of Activities into
Supply of Goods and Services.
2. Entry number 5(b) of Schedule II mentions clearly that the “construction of a
complex, building, civil structure or a part thereof, including a complex or
building intended for sale to a buyer, wholly or partly…” will be treated as a
Supply of Service.
Rate of construction services where value of land is included:
Table No 5.4: construction services where value of land
Ch Sec Heading Description of service Rate

99 5 9954 (i) Sale of under 18% after
construction flats deduction of 1/3rd
involving transfer of of total amount
property in land or charged as the
undivided share in land value of land or
undivided share in
land
Further, Entry number 6(a) of Schedule II reads as follows: “The following

composite supplies shall be treated as a supply of services, namely :( a) works
contracts defined in clause (119) of section 2;”
 Rate of Works Contract Service-

Table No 5.5: Rate of Works Contract Service
Ch Sec Heading Description of service Rate

99 5 9954 ii) Composite supply of works contract as 18%
defined in clause 119 of section 2 of
CGST, 2017.
(iii) Specified composite supply of works 12%
contract
(iv) construction services other than (i) 18%
and (ii) Above
5.4.5 Continuous Supply of Service
It means a supply of services which is provided or will be provided continuously or on

recurrent basis under a contract for a period exceeding three months with periodic
payment obligations
Where the due date of payment is Time of supply shall be the due
ascertainable from the contract date of payment..
Where the due date of payment is Time of supply it will be earliest
not ascertainable from the of
contract
1)date of receipt of payment or
2)the date of issue of invoice
Where payment is linked to the Time of supply it will be earliest
completion of an event of
1)date of receipt of payment Or
2) Completion of event where

payment is linked to completion of
event.
5.5 Time of Supply of Service
Figure No 5.4: Time of Supply of Service
5.6 Place of Supply in GST
 The place of supply of the service is the location of the immovable property.
E.g. If site is at New Delhi and office is at Gujarat. Immovable property is build up in
New Delhi; hence it will be the place of supply of services.
 Input Tax Credit on Works Contract Under GST
1. Input Tax Credit of GST paid on Works contract will be allowed if

2. the output supply is also Works Contract, and;
3. When the Contract is for construction of Plant and Machinery.
Apart from the above two, no Input Tax Credit will be available for works contracts for
construction of immovable property. For Eg- Hotel.
Input Tax Credits – Implications
Table No 5.6: Tax Credits – Implications
Procurement Pre-GST position Post-GST position

Materials •No Cenvat of excise duty, Full ITC available
CVD, etc paid on materials
• No VAT credit on
materials
Input Cenvat credit of service tax Full ITC available
Services was available
Capital Cenvat credit of excise was Full ITC available in
Goods available in two trenches the year of receipt
5.6.1 Abatement and Composition Scheme
 No abatement is till now available for works contracts under GST.

 Works Contractor cannot opt for composition scheme as a works contract is
treated as a supply of services.
 For supply of services, only restaurant business is allowed to be registered under
Composition Scheme.
Table No 5.7 PRE & POST GST
Particulars Service VAT TOTAL GST

Tax
Sale of Flats and 4.50% 1% 5.50% 18% (1/3

Units- Under Reduction of
Construction Land)
Joints 4.50% to NIL 4.50% 18% (1/3
Development- 6% to 6% Reduction of
Owner Area Land)
Rehabilitation of 6% NIL 6% 18%
Flats
PRE & POST GST

20
18
16
14
Sale of Flats and Units- Under
12 Construction
10 Joints Development- Owner
Area
8
Rehabilitation of Flats
6
4
2
0
Service Tax VAT TOTAL GST
Figure No 5.5: PRE & POST GST

Interpretation-
Pre and Post GST calculation of ILMS warehouse PVT LTD is for
1. Sale of Flats and Units- under Construction Service Tax is 4.50%, VAT is 1%,
Total is 5.50% and After GST is 18% (1/3 Reduction of Land).
2. Joints Development- Owner Area Service Tax is 4.50% to 6%, VAT is NIL, Total
is 4.50% to 6% and After GST is 18%.
3. Rehabilitation of Flats Service Tax is 6%, VAT is NIL, Total is 6% and After
GST is 18% (1/3 Reduction of Land).
5.6.2 Issues
Pre GST- Joint Development (Area Sharing)
Land Owner transfers certain percentage of development potential to Developer
In return Developer gives owners flat to Land Owner, also developer sales his developed
flats to customers.
Present regime:
1. Service tax:
* Flats allotted to Land owner – service tax payable under works contract category or
construction service on the value of development potentials received
* Saleable flats – service tax payable on sale of under construction units
2. VAT:
* Not payable on flats allotted to land owner as it amounts to barter

* Payable on saleable flats under construction
Post GST – Joint Development (Area sharing)
Taxability of flats allotted to Land Owner:
 Supply includes all barter and exchanges

 Flats allotted to land owner will be a taxable supply liable to GST where
consideration is received in kind form of development potentials
 Time of supply:
* Receipt of development rights amounts to advance receipt of consideration in kind
* Hence, date when irrevocable rights are received will be time of supply
* Receipt voucher has to be issued by developer to owner on receipt of development right
 Valuation to be done as per GST Valuation Rules

 Taxable @ 18% or 18% (after deducting land value) depending on facts of the
case
 Area Sharing Agreement- Section 7(1) a, “ Supply Means” Supply made and
Agreed to be made
Taxability of saleable flats:
 Taxable on transaction value under construction service category @ 18% (after

deducting land value)
Taxability of development rights in the hands of owner
 Transfer of development rights by landlord can be said in course or furtherance of

business
 As per Sch II Entry (2) License to occupy land to builder is supply
Refund to customer on cancellation

Present regime:
 Rule 6(3) of Service tax Rules, 1994 permits Builder to adjust service tax
refunded to customer on cancellation of flats/ units against his tax liability of the
month in which refund is made
 No time limit for such adjustment
GST regime:
 Whether builder is entitled to issue credit note u/s 34 and claim the tax
adjustment? Provision speaks of deficiency of service and not “non-provision of
service”
 Does this mean that adjustment of GST refunded on advance against GST liability
is not permissible?
 Section 54(8)(c) permits refund of tax paid on supply which is not provided either
wholly or partially
Debit note and Credit note in Works Contract- DN and CN should be issued by supplier
only U/s 34 of GST Act
Sale of Completed flats – Reversal of ITC
 Section 17(2) provides that where goods or services are used partly for effecting
taxable supplies and partly for exempt supplies, ITC credit attributable to taxable
supplies can only be taken
 Exempt Supply is defined u/s 2(47)] to include non-taxable supply
 Non-taxable supply is defined u/s 2(78) of the Act to mean:
o Supply of goods or services or both
o Which is not liable to tax under CGST or IGST Act
 Section 17(3) specifically includes sale of building and sale of land as exempt
supply
 Sale of completed flat will be exempt supply for the purpose of reversal of ITC
u/s 17(2) of the Act from start of the project.
 Also builder may liable to pay interest on such reversal of credit for the period
starting from the date of completion certificate till date of actual reversal.
Free Supplies by the Builder to the contractor
 A supply without consideration to non-related persons is not “supply” as defined

u/s 7 of CGST Act
 As such activity is not a supply, same will not be liable to GST
 It is not an exempted supply as defined u/s 2(47) of CGST Act
 It is not wholly exempt u/s 11 of CGST Act
 It is not a Nil rated supply
 It is not a non-taxable supply as defined u/s 2(78) of CGST Act
ITC reversal may not be required
ITC Overflow- Refund
Not allowed in capacity of builder. Builder can use overflow credit,
 In other project as set off or

 Get Income tax deduction as write off to Profit and Loss account.
Subcontract of construction
Subcontractor is not works contractor but composite supplier. Hence ITC overflow is not
applicable to subcontractor he will get refund.
Impact on ongoing projects
The provisions relating to treatment of ongoing contracts on appointed day are contained
in Section 142 (10) and 142 (11) of the CGST Act 2017
1. If the goods or services are being supplied on or after the appointed date in
pursuance of the contract entered prior to the appointed date, then tax would be
levied under GST.
2. If the goods or services are supplied before the appointed date and VAT was
livable on such transaction on account of Sale of goods or Service Tax was livable
on account of provision of services, no tax will be required to be paid under GST.
3. If the consideration has been received prior to appointed date in respect of such
supply and tax has already been paid under current regime, no tax would be
required to discharged /paid under GST.
4. If any VAT and Service Tax has been paid on any supply under the existing laws,
but the supply of goods and/or services is to be received under GST scheme, then
the tax already paid shall be allowed as credit under GST and the supplies when
made shall be taxed under GST as well. This clause covers specifically works
contract transactions. For example: If an invoice is raised on 30th June 2017 and
the supply is for the month of June 2017 and July 2017 and VAT and Service Tax
have been paid, then such VAT and Service Tax paid shall be allowed as credit in
GST proportionate to the month of July 2017; and when supplies are made in July
2017, they shall be put to tax under GST.
5.7 Impact on Construction and Real Estate Sector-
 Positive Impact
 Easy Compliance
 Availability of Input Tax Credit
 Possible reduction in prices
 Excise Duty, VAT, Service tax get replaced by GST
5.8 Difference between VAT and GST
Finally, the Goods and Service Tax, commonly known as GST is a reality now and it has
brought the Indian taxation system under its unique ideology ‘one nation, one tax’. The
advent of GST has subsumed all the indirect taxes in India, including Value Added Tax
(VAT), Service tax, Excise duty, and Octroi. These indirect taxes or VAT were levied on
each step of value addition of the product, thus creating a cascading effect. Therefore,
GST was introduced to bring down unwanted inflation in the economy. Both VAT and
GST are levied on the value of sale or supply of goods. But still, there are lots of
differences between VAT and GST. Read on to know how GST is different from VAT.
5.8.1 What is VAT?
VAT- the Value Added Tax was applicable for goods sold, and not services. Service tax
took care of the services rendered. The previous taxation system included several indirect
taxes along the supply chain, resulting into high tax rates paid from the pocket of the
ultimate consumer.
5.8.2 What is GST?
However, GST is applicable for both goods and services, together with uniform pricing.
GST is one tax that is levied on manufacturing, selling, and consumption of goods and
services. It is a destination-based tax, distributed among the Central Government and the
State Governments under the components Central GST (CGST) and State GST (SGST).
5.8.3 How is GST different from VAT?
In the words of many eminent economists, VAT and GST are just two names for one tax,
but on evaluating minutely, you observe the contrast. First and foremost, it’s important to
understand how valuation of goods is considered under their respective perspective.
VAT is calculated on the market price of the goods. Further, excise duty and VAT add up
to it.
For Example: Suppose a manufacturer sells construction material worth Rs. 3000 to a
distributor. The invoice would reflect:
Price of goods = 3000/-
Excise duty @ 12.5% = 375/-
Subtotal = 3375/-
VAT @ 14.5% on subtotal= 490/-
The total payable amount by the customer = 3865/-
Whereas, GST will be only charged on the selling price and the subsequent parts of
SGST and CGST would add to the value of goods as per their percentage. The invoice
under GST scenario would reflect:
Price of goods = 3000/-
CGST @ 9% = 270/-
SGST @ 9% = 270/-
The total payable amount by the customer = 3540/-
The total difference of the two taxes = 3865-3540= 325/-
Thus, GST has eliminated the additional, indirect and redundant taxes and has reduced
the burden on the common taxpayer. However, there is more in terms to draw comparison
between VAT and GST. Let’s have a look at major points of difference amongst the two.
5.8.3 Key Point of Differences between VAT and GST
1. Taxable event
VAT- On Sale of goods.
GST- On every supply of goods or service.
2. Tax between state and center
VAT- Only State govt. gets the whole share for welfare of state's public.
GST- GST is collected under SGST and CGST for every sale from same state. The
corresponding center and state amount then gets bifurcated.
3. Input Credit
VAT- Dealer has right to deposit his net VAT liability by deducting input VAT on goods
purchased and from output VAT on goods sold.
GST- As GST is applicable on goods as well as services provided, the GST portal system
calculates the Input credit which is used for payment during the next GST liability.
4. Input tax credit on services of goods
VAT- Not applicable, as VAT is only for goods, not services.
GST- The paid GST on services adds up to total input GST comparable to total output
GST, which may be on goods sold. Finally the tax payer gets the input credit on tax for
the services availed by the products you purchased.
5. Taxation on services
VAT- VAT is not applicable on provided or sold services. Service tax is charged
additionally @ 14.5%.
GST- GST rates for services depend on nature of service. It may be 12% and 18% and
28% depending on the sector. Most services come under 15% GST.
6. Return Filing
VAT- Must file return by 20th of succeeding month.
GST- Must file return for sales by 10th, purchase by 15th and payment by 20th of
succeeding month.
7. Compulsion for VAT No. & GST No.
VAT- If turnover is or beyond RS. 10 Lakh.
GST- If turnover is or beyond Rs.20 Lakh.

8. Online Payment
VAT- Online payment is not compulsory.
GST- Online payment is compulsory if tax is more than Rs. 10,000.

CHAPTER 6
LEARNING OUTCOMES OF THE PROJECT
Author is getting a lot of things from this project.

The GST bill, known as the Goods and Services Tax, was introduced in Lok Sabha in
December, 2014 and was implemented from July 1, 2017. Goods & Services Tax is a
multistage and destination-based tax that is levied on every value addition to the goods.
GST was introduced with the aim of one nation one tax system. Under the GST bill all
other taxes like Octroi, Central Excise VAT i.e. the value added taxes etc., got
consolidated into one and it restructured the indirect taxation. The basic idea of this bill
was to create a single, cooperative and undivided Indian market and to make the
economy stronger and powerful. GST has divided the goods and services into various
categories and applied the tax from 5 % to 28 % It has its own pros as well as cons.
Elucidating on these prospects:-
6.1 POSITIVE IMPACT OF GST:
1. Increase in Foreign Investment- With GST, India is now a unified market and
the foreign investment has increased in India. The goods that are manufactured
within India because of their reduced costs have become more competitive in
international market leading to growth in export. The implementation of Goods &
Services tax puts India in the line of international tax standards, making it easier
for Indian businesses to sell in the global market.
2. Fewer Tax- GST has two constituents: The central GST and the State GST. The
Central GST will replace - Service Tax, Central Excise Duty, and Custom Duty
etc. The State GST will replace - State VAT, Central Sales Tax, Tax on
Advertisements, Luxury Tax, Purchase Tax, Entertainment Tax etc. Before GST,
there were so many taxes and now they have replaced all these taxes and duties
with Central GST and State GST.
3. Reduce the cost of doing business- GST has changed VAT all over India. Now
we do not need to pay different amounts of taxes in different states. It is one tax
system for all states of India and so we have already got rid of various taxes and
duties on our businesses.
4. Transparency- The tax administration has started working corruption free. Also
enabling sales invoices to show the tax applied has resulted in transparency.
6.2 NEGATIVE IMPACT OF GST:
1. Dual Control - GST is being referred to as a single taxation system but in reality
it is a dual tax because both the state and center both will collect separate tax on a
single transaction of sale and service.
2. Incumbent increase of the cost of some commodities - The tax rate has been
increased for many products, thus increasing their costs.
3. Some sector are at a loss- Sectors like Textile, Media, Pharma, Dairy Products,
IT and Telecom are bearing the brunt of a higher tax. Also the price of
commodities has increased like jewellery, mobile phones and credit cards.
4. Real Estate Market affected - Economists are of the opinion that GST in India
has already had a negative impact on the real estate market. It has added up to 8
percent to the cost of new homes and reduced demand by about 12 percent.
There are approximately 140 countries where GST has already been implemented by
Australia, Germany, Japan, and Pakistan. India is one of the most stable economies of the
world and we have proved to be quite adept at adjusting to major economic renovations.
CHAPTER7
CONTRIBUTION TO THE HOST
ORGANIZATION
1. Upcoming of Common National Market
Under the Pre – GST scenario, state and local self-governments practiced notable
sovereignty in taxation. With individual states having strong taxation rights, each used to
levy indirect taxes such as VAT, Central Sales Tax, Service Tax, Excise etc. in many
different forms. Not only have that, to attract investment in their respective states, stated
governments depended on incentives. This leads to different prices of the same goods and
services in different states. While states benefited from such a tax structure, the economy
as a whole suffered.
But with the coming of GST, the registered tax assesses now pay a single, uniform tax on
goods and services across the country. In addition to this, GST is led by a Central Tax
Authority – the GST Council. This council is chaired by the Union Finance Minister and
has various states as its members. Each state member thus participates in the formulation
of the indirect tax policy of the country.
2. Elimination of Cascading Effect of Taxes
Cascading tax effect, also known as tax on tax, occurs when a good is taxed on every
stage of its production, until it is sold to the final consumer. In such a situation, each
succeeding transfer of good is taxed inclusive of the taxes charged on the preceding
transfer. Consequently, the final consumer bears the burden of multiple taxes imposed on
every stage of production, leading to inflationary prices. To better understand the tax on
tax effect, let’s reconsider the above example.
First Stage – When Abeer, the Manufacturer in Punjab, Sells to a Dealer in Maharashtra
Abeer collects Excise Duty (charged on selling price) as well as Central Sales Tax
(charged on cost plus Excise Duty) from the dealer in Maharashtra. Therefore, the final
price paid by the Maharashtra dealer to Abeer is:
Final Price = Cost Price + Excise% on Cost Price + CST% on (Cost Price + Excise% on
Cost Price)
3. Increased Exemption Limit for Small traders or Service Providers
Under the previous indirect tax structure, various indirect taxes had different sales
turnover limits for registrations.
4. Small Businesses Benefit from the Composition Scheme
To encourage reduced taxes and tax compliances, the Composition Scheme was
introduced under GST. Small business owners registered under the scheme are required
to pay a fixed percentage of tax on their turnover. In addition to this, unlike the regular
GST tax payers, small businesses registered under Composition Scheme need to file one
quarterly return. Following are the tax rates under Composition Scheme:
 Small businesses with a turnover of Rs 1.50 crores would pay a flat GST rate of
1%. They will now file one tax return only.
 Small service providers with an annual turnover of Rs 50 Lakhs would now pay a
GST of 6% instead of 18%.
5. Reduced Tax Compliances as Number of Tax Returns to be Filed Under GST Has
Come Down
Since a host of taxes existed under the previous indirect tax structure, the businesses
registered for various indirect taxes had to bear multiple compliances.
6. Registration and Filing Returns Under GST Made Simple as Everything is Done
Online
Be it GST registration or return filing, a registered business owner can do everything

online. This is certainly opposed to the earlier indirect tax regime, where a business
owner had to get himself registered separately for various indirect taxes.
7. Regulated Unorganized Businesses
One of the motivations to implement GST was to get on board the unorganized sector and
eventually increase the tax base. According to Economic Survey 2017 – 2018, post the
implementation of GST, there has been a 50% increase in the number of indirect tax
payers. Furthermore, there has been an increase in the number of voluntary registrations,
especially small enterprises that sell goods to large enterprises. These small enterprises
want to come under the ambit of GST and claim input tax credit benefit.
CHAPTER 8
FINDINGS AND OBSERVATIONS
The present study referred to the following main conclusions.

 The tax entered into force on 1 July 2017 through the implementation of the
amendment of 101 of the Constitution of India by Modi Government. Tax rates, rules
and regulations are subject to the GSTC, which includes finance ministers of the
Center and all states. The GST has facilitated a large number of indirect taxes with a
single tax, and is therefore expected to redraw the country's $ 2.4 trillion economy.
Travel time between trucks in interstate traffic has decreased by 20% due to the lack
of interstate verification functions.
 Despite of the weak economic sentiments, logistics industry continues to grow due to
growth in the retail, ecommerce and manufacturing sectors. The logistics industry is
expected to reach more than US $ 2 billion by 2019. The rise in the e-commerce
services market and the increase in domestic consumption will lead to hike in growth
rate in Logistics industry in the coming years. The sales tax effect (GST) is likely to
be valid by reducing long-term clearance processes and complex processes at many
points across countries. This drastic reduction in travel time coupled with
significantly reduced costs directly supports companies to provide approximately 30-
40% of the cost at the discretion of the World Bank. These cost-saving savings will
boost the country's GDP.
 GST support the logistics industry directly to avoid explicit cost @ 20% by
eliminating the consecutive effect of multiple taxes in its own management setup.
GST is trying to obtain a large amount of foreign direct investment through leading
multinational companies that will certainly establish a joint strategic platform for
MNC's main storage to deliver the necessary supplies.
 Goods and services taxes have a positive impact on their implementation through
cross-border remittance and associated corruption as a single measure imposed
through an E-way bill for service providers from the starting point to the destination.
ITR analysis of ILMS warehouse PVT LTD is given below-
1. In 2017-2018 Total is 8026210.92 as per the GSTR-1, 8026210.02 as per the

GSTR 3B, 270460.66 as per the ITC Claimed in GSTR-3B, 170199.46 as per the
ITC as per GSTR-2A
2. In 2018-2019 Total is 12065842 as per the GSTR-1, 12065840 as per the GSTR
3B, 482276.1 as per the ITC Claimed in GSTR-3B, 395071.7 as per the ITC as
per GSTR-2A
3. In 2019-2020 Total is 3125733.02 as per the GSTR-1, 2084691.08 as per the
GSTR 3B, 9629.24 as per the ITC Claimed in GSTR-3B, 95928.4 as per the ITC
as per GSTR-2A
On the basis of ITR calculation of ILMS warehouse PVT LTD it is Cleary interpret that
positively Reduce the cost of doing business i.e GST has changed VAT all over India.
Now we do not need to pay different amounts of taxes in different states. It is one tax
system for all states of India and so we have already got rid of various taxes and duties on
our businesses. Also in terms of Transparency the tax administration has started working
corruption free. Also enabling sales invoices to show the tax applied has resulted in
transparency.
As we think negative aspect of Dual Control i.e GST is being referred to as a single
taxation system but in reality it is a dual tax because both the state and center both will
collect separate tax on a single transaction of sale and service. Incumbent increase of the
cost of some commodities i.e The tax rate has been increased for many products, thus
increasing their costs.
CHAPTER 9
CONCLUSION, SUGGESTIONS, AND
LIMITATIONS
9.1 Conclusion
The Goods and Service Tax is transforming India into a single integrated market. In the
pre-GST era, the structure and organization of India’s warehousing industry reflected a
preoccupation with the multiplicity of tax laws in our country. In this project author focus
on the impact of GST on ILMS warehouse PVT LTD. Our area of scope is Pune and
Mumbai Location. For data analysis we use secondary data source. In India, there has
been no uniform and easy to implement taxation policy in place across various supply
chains. Consequently, the distribution as well as warehousing strategies is tax oriented
which restricts effective utilization of available resources. As we have seen, companies
build warehouses in each state to evade taxes which actually is not a good practice as far
as logistics efficiency is concerned. And even the existing warehousing infrastructure is
still unorganized. But with GST coming to the fore and because of its simplified and
uniform approach, there is surely going to be a more positive impact of GST on
warehousing in India. As warehouses are an integral part of each supply chain, read on
how GST will impact warehousing in India Author also focus on to understand the
concept of goods and service tax, to examine the features of goods and service tax, to
study the impact of GST on ILMS warehouse PVT LTD. Companies can now make
decisions on warehouse location size technology adoption inventory and operations
management based on logical factors like proximity to consumption centers,
manufacturing locations, optimization of goods movement and inventory control strategy
etc. the cost savings that flow there from will mean lower supply chain costs for
manufactures and reduced products prices for consumers. Market integration in the post-
GST era, will bring in a uniform tax regime cuts across regional boundaries and make
taxation an irrelevant parameter for the warehousing and distribution. The warehousing
sector would be both an enabler and beneficiary of India’s biggest tax reform since
independence. Any positive changes in the warehousing and logistics have boost the
global competitiveness of our manufactures.
9.2 Suggestion
1. Processes must be reduced so that business can operate efficiently in the best
interest of the people and for economic growth. Filing of 37 returns per GSTIN
could be a very time consuming exercise, wherein everyone would not even have
the bandwidth to comply with.
2. Relief must be given to small scale operators and particularly reduced processes
should be applicable to them. They do not have finance or resource to comply.
Much of India’s business is one or two man show. The facility to file quarterly
returns should be extended to assesses with up to 10 crore turnover.
3. Rates should be rationalized and reduced to make India competitive and in
interest of compliance and economic growth. The highest rate should be kept at
18% and there should be only few items that fall in 28% slab. Daily use items
such as soaps, crèmes, movie tickets, electrical goods should not be taxed at 28%.
4. Technological glitches of the GST network should be sorted out on a war
footing basis.
5. Further, there is also no provision to amend GST Return once uploaded, in case
some clerical error is found later. Provision should urgently be made to allow
rectification of returns.
6. The matching concept of input credits requires large volume of data of the
supplier to be matched with that of the receiver. This process should be
simplified, wherein only broad main criteria may require matching like the
invoice value and the tax amount and matching of specific, precise wide variety of
data should not be required like invoice number and date.
7. Valuation Rules lack clarity and are debatable. This is likely to lead to litigation
and transfer pricing issues / litigation. These rules need to be rationalized,
simplified and be fair to one and all.
8. In case IGST is paid instead of CGST and SGST, and vice-versa, the recourse
available is only refund. Assesses should be allowed to self-adjust in such cases.
9. In respect of capital goods received on or after 01.07.2017 (Capital goods in
transit), transitional credit of tax paid in earlier regime should also be available.
Transitional input credit should also be available on goods or services are
delivered or received before the appointed date and the assesse received the
invoices after appointed day.
10. Credit of Krishi Kalyan Cess should be allowed to be carried forward as eligible
credit, as it was allowed as set off in the service tax regime.
11. Composition scheme should also be provided to small scale service providers.
9.3 Limitation
1. Increased costs due to software purchase

2. Being GST-compliant
3. GST will mean an increase in operational costs
4. GST came into effect in the middle of the financial year
5. GST is an online taxation system
6. SMEs will have a higher tax burden
REFERENCES
Journal References
[1]Nandgopal P “A Study on Impact of GST in Indian Logistics” IOSR Journal of

Business and Management (IOSR-JBM) e-ISSN: 2278-487X, p-ISSN: 2319-7668 PP 50-
52 www.iosrjournals.org
[2]Sivashankari K “GST and Its Impact on Logistics Industry in India –An Economic
Analysis” International Journal of Pure and Applied Mathematics Volume 120 No. 5
2018, 3635-3642 ISSN: 1314-3395 (on-line version) URL: http://www.acadpubl.eu/hub/
Special Issue
[3] Dr.C.R. Senthilnathan “Impact of Goods and Services Tax (GST) on Logistic Sector”
Jour of Adv Research in Dynamical & Control Systems, 15-Special Issue, October 2017
[4] CMA Deepak Mittal “IMPACT OF GST ON WAREHOUSING INDUSTRY”
Inspira- Journal of Modern Management & Entrepreneurship (JMME) 255 ISSN : 2231–
167X, General Impact Factor : 2.3982, Volume 08, No. 01, January, 2018, pp. 255-257
[5] V.Jothi Francina “Impact of GST on Indian Logistics Sector”International Journal of
Innovative Research in Management Studies (IJIRMS) Volume 2, Issue 8, September
2017. Pp.18-23.
[6] Anitha.M.N “Impact of Goods and Service Tax (GST) on Logistics Sector in India”
SSRG International Journal of Economics and Management Studies (SSRG – IJEMS) –
Volume 3 Issue 8 Aug 2016
[7] R. Swathi “Impact of Goods and Service Tax on Warehousing Industry in India”
International Journal of Management (IJM) Volume 8, Issue 5, Sep–Oct 2017, pp. 111–
115, Article ID: IJM_08_05_012Journal Impact Factor (2016): 8.1920 (Calculated by
GISI) www.jifactor.comISSN Print: 0976-6502 and ISSN Online: 0976-6510 © IAEME
Publication
[8] Ranjana Upashi “Study on Effects of Goods and Service Tax on Different Sectors in
India” Elk Asia Pacific Journal of Finance and Risk Management ISSN 2349-2325
(Online); DOI: 10.16962/EAPJFRM/ISSN. 2349-2325/2015; Volume 8 Issue 4 (2017)
[9] Mawuli, A. Goods and services tax: An appraisal. Paper presented at the PNG
Taxation Research and Review Symposium,2014.
[10] Etisham, A. and Satya, P. Goods and Service Tax Reform and Inter government
Consideration in India. Asia research centre, LSE, 2009.
[11] Kelkar, V., Gupta, D.C., Rai, V., Sisodia, N.S., Swarup, D. and Lahiri, A.K. Report
on Implementation of the Fiscal Responsibility and Budget Management Act. Ministry of
finance, Government of India, New Delhi, 2004.
[12] Kumar, N. Goods and Services Tax in India: A Way Forward. Global Journal of
Multidisciplinary Studies 3 (6) (2014).
[13] Subrahmanya, B. and Shilpa, D.K. Revolution In Indian Tax System Goods and
Service tax. International Journal of and educational 3 (5) (2017) 593-595.
[14] Vasanthagopal, R. GST in India: A Big Leap in the Indirect Taxation System.
International Journal of Trade, Economics and Finance 2 (2) (2011) 144-146.
[15] https://www.pwc.in/assets/pdfs/publications/2015/goods-and-services-tax-transport-
and-logistics-sector
[16] http://www.thehindu.com/business/Industry/gst-to-help-cut-costs-of-transport-
logistics
[17] http://www.itln.in/decoding-gst-for-transportation-freight-sector
[18] http://economictimes.indiatimes.com/news/economy/policy/gst-to-benefit-transport-
sector-drive-consumption-growth
[19] https://gst.caknowledge.in/impact-gst-transport-sector/
Web References-
1. http://www.referencer.in/GST/Default.aspx
2. https://en.wikipedia.org/wiki/Goods_and_Services_Tax_(India)
3. https://cleartax.in/s/gst-book-online-pdf
4. http://www.gstcouncil.gov.in/gst-help
5. https://services.gst.gov.in/services/login
6. https://cbic-gst.gov.in/gst-goods-services-rates.html

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A

“TO STUDY THE IMPACT OF GST ON ILMS WAREHOUSE

SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR

THE AWARD OF THE DEGREE OF

MASTER IN BUSINESS ADMINISTRATION

Ms. Supriya Londhe

FOR WOMEN, PUNE

“TO STUDY THE IMPACT OF GST ON ILMS WAREHOUSE PVT LTD”

SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR

THE AWARD OF THE DEGREE OF

MASTER IN BUSINESS ADMINISTRATION

Ms. Supriya Londhe

Name & Signature of the Student

Signature of Faculty Guide

Date: Name & Designation

Ltd” in the partial fulfillment of MBA Programmer

Sign. Of the Director Sign of the Faculty Guide

TO WHOMSOEVER IT MAY CONCERN

Signature of the Student

Chapter Particulars Page no.

3. ORGANIZATION / COMPANY PROFILE

8. FINDINGS AND OBSERVATIONS

9. CONCLUSION, SUGGESTIONS, AND

Sr. No Table Name Page No

Table No 1 Company Information

Table No 2 Credit and Liability Statement 2017-2018

Table No 3 Credit and Liability Statement 2018-2019

Table No 4 Credit and Liability Statement2019-2020

Table No 5 construction services where value of land

Table No 6 Rate of Works Contract Service

Table No 7 Tax Credits – Implications

Table No 8 PRE & POST GST

Sr. No Figure Name Page No

Figure No 1 Credit and Liability Statement 2017-2018

Figure No 2 Credit and Liability Statement 2018-2019

Figure No 3 Credits and Liability Statement2019-2020

Figure No 4 Time of Supply of Service

Figure No 5 PRE & POST GST

Abbreviation Illustration Page No

GST Goods and Service Tax

CGST Central Goods and Services Tax

SAD Special Additional Duty of Customs

IGST Integrated Goods and Services Tax

SGST State Goods and Services Tax

ARN Application Reference Number

VAT Value Added Tax

1. Reduction in number of warehouses

2. Better Inventory Control & Enhanced Demand Forecasting

3. Technology Implementation on a larger scale

As mentioned above, consolidated warehouses would be larger in size for

4. More Organized Warehouses

1.2 Need of the Study

Warehousing is an important logistic function, which involves holding and preserving

1.3 Objectives of the Study

1. To understand the concept of goods and service tax.

1.4 Data Collection

1.5 Impact of GST on Warehouses

 Reduction in number of warehouses: Earlier, companies feel the need to build

1.6 To understand the concept of goods and service tax.

1.6.1 Who does it apply to?

 To every person who supplies goods and/or services of value exceeding Rs

1.6.2 What is the GST framework as per the new law?

 Broadly there will be 2 forms of GST in India.