Documente Academic
Documente Profesional
Documente Cultură
Rajesh Sharma
8th. December, 2016
Contents
3
GST Overview - History
2012 P. Chidambaram, has meeting with all state Finance Ministers to discuss
GST.
Tax Configuration & Computation Configure Tax and Pricing procedures ; Tax
computation
5
GST Present Status
Customers
Centre GST
State - GST
6
GSTIN-GST Identification number
Single registration for CGST, SGST and IGST
Individual registration to be obtained in each state of business
GST Unique Number establishment
PAN based registration number Up to 15 characters in length
2 - Digit represents
State
Next 10 - Digit
represents PAN
Number
9
GST Rates
The four GST slabs have been set at 5%, 12%, 18% and 28% for different items or
services.
The additional cess and a clean energy cess will create a revenue pool which will
be used to compensate states for any loss of revenue during the first five years of
the implementation of GST, Mr Jaitley said.
11
Vendor GST Registration
Intra-state transactions
CGST and SGST applicable
Inter-state/Import transactions
15
Tax Configuration and Computation- Proposed Solution
MM Access Sequence
22
Document Numbering-Proposed Solution
Sales Processes
Procurement Processes
Stock Transfers
Subcontracting
Others
1. Liberal Credits
2. Credits on all bills
3. Uploads Necessary to claim credits
Subsumed:
Excise Duty
CVD, SAD
31
GST Coverage - Excluded
Exculded:
Basic Customs Duty
Entertainment Tax
32
GST Issues
33
GST
Thank You
35