Presentation on Administrative Structure for CBIT officers in GST arena. *CBIT=Central Board of Indirect Tax
|
|
- Stephanie Flynn
- 6 years ago
- Views:
Transcription
1 Presentation on Administrative Structure for CBIT officers in GST arena *CBIT=Central Board of Indirect Tax
2 ORGANIZATION CHART Union FM GST Council Central Board of Indirect Tax(CBIT ) Commissioner SGST-State # GST Commission erates Regions (number may be from 5 to 6 or more) Principal Chief Commissioner Divisions Ranges State- FM,Principal Secretary * Zones (coterminous with State)- Chief Commissioner *Apex level Coordination Committee # Zonal level coordination Committee
3 ORGANIZATION CHART Central Board of Indirect Tax(CBIT ) (Headed by Chairman-Secretary To GOVERNMENT OF INDIA Member GST (Secretary-GST Council) MEMBER CUSTOMS MEMBER (IT, POLICY & INFRA MEMBER CENTRAL EXCISE & Legacy Issues MEMBER P&V, Training MEMBER (L&J, Audit) The number of Members would be flexible. In addition to Additional Secretary Revenue, as Member Secretary of GSTC, Member GST shall also be the Member Secretary to the GST Council for CGST and IGST related issues. Board through Member-GST shall be the think tank to assist the Council in policy formulation in CGST and IGST matters.
4 ORGANIZATION CHART Member GST-Secretary to the GST Council GST Council, Principal Secretaries of States Operational Reportingfor data collection, reports, joint action Regions- Principal Chief Commissioner DGITI or Anti- Evasion Directorate
5 Member GST interaction with Principal Secretaries of States would be purely for operational requirements- Reports, Data Collection, Joint Action, pre-consultation for GST Council meeting etc. It will strengthen cooperative federalism and will provide a platform for better coordination between Centre and States. DGCEI to be rechristened as DGITI (Directorate General of Indirect Tax Intelligence). In GST regime, the tax base is bound to increase manifold times. The challenge would be to provide maximum facilitation, and at the same time ensure optimum compliance. In this context, the role of DGITI would be of paramount significance. It would be the country s premier intelligence agency to handle economic frauds and offences related to taxation. DGITI should have a pan India presence. The organisation shall be headed by an officer of DG rank. Every state should have regional units headed by ADG rank officer. Officers, having expertise in VAT laws, from state administration may be deputed to DGITI.
6 ORGANIZATION CHART MEMBER CENTRAL EXCISE & Legacy Issues Regions- Principal Chief Commissioner Central Excise Commissionerates Legacy Commissionerates
7 The Central Excise Commissionerates shall administer the Central Excise duty for products outside the purview of GST e.g. POL and sin goods. The administrative structure of these Commissionerates shall be the same as that of the existing formation. The Legacy Commissionerates shall handle all legacy issues such as pending adjudication, audit, investigation, legal issues etc. These commissionerates shall be created for a fixed period of 5 years, following which their existence shall cease. For ease of administration, the jurisdiction of the existing audit commissionerates may be made co-terminus for the new legacy commissionerates or the existing audit commissionerates may be converted to legacy commissionerates. This would make the transfer of previous files easier. The existing audit Commissionerates shall cease to exist and the audit work henceforth shall be done by the new executive commissionerates and DG audit.
8 ORGANIZATION CHART MEMBER (IT, POLICY & INFRASTRUCTURE) Regions- Principal Chief Commissioner for infrastructure issues DGPM DG Systems DG RMC GSTN
9 GSTN should have co-opted Member IT as de facto member and it shall share the data to the Board through this Member. DG, RMC- It is proposed National GST Risk Management Center to be created and headed by a senior officer of the rank of Director General. The Director General is to be assisted by four regional directorates, headed by officers of the rank of Additional Director Generals. The purpose of the Risk Management Center will be as follows- shall be responsible for the application of nationally coordinated approach to risk analysis, assessment and targeting of returns. shall identify, develop, update and maintain risk parameters in relation to trade, commodities, services and all stakeholders in the domestic supply chain. 24 x7 operational risk interdiction support to GSTN. RMD will have a strong data analysis unit supported by statistical experts, statistical tools and applications, seamless flow of data and information from agencies within and outside the Central and state tax administration. Shall carry out research and study best practices and provide training to field officers. Shall provide inputs for non-intrusive methods of investigation- such as risk based auditing, scrutiny etc.
10 Administrative structure of RMC DG, RMC ADG, RMC ADG, RMC ADG, RMC ADG, RMC Mumbai Delhi Chennai Kolkata Additional/ Joint Directors Additional/ Joint Directors Additional/ Joint Directors Additional/ Joint Directors Deputy/ Asst Directors (including officers on deputation from States) Deputy/ Asst Directors (including officers on deputation from States) Deputy/ Asst Directors (including officers on deputation from States) Deputy/ Asst Directors (including officers on deputation from States) Supt. (including officers on deputation from States) Supt. (including officers on deputation from States) Supt. (including officers on deputation from States) Supt. (including officers on deputation from States)
11 ORGANIZATION CHART MEMBER (L &J, Audit) Regions- Principal Chief Commissioner DG Audit Directorate of Legal Affairs Authorized Representati ves Tribunal and Settlement Commission, Advance Ruling etc. Appellate Commissioners
12 The Appellate Commissioners would be reporting to Regional Principal Chief Commissioners for administration and would be reporting to Member for legal issues. The Authorized Representatives (AR) will report to Chief Commissioner and below. As legacy pendency will be very huge and due to new tax regime, in initial years chances of litigation will be very high. To mitigate this, it is suggested that benches of tribunals may be created in each states and to wipe out legacy issue power of single bench may be increased up to Rs. 5 crore. The Directorate General of Audit will have under it specialized regional audit units. The audit done by this Directorate will be 360 degree Audit in all respect which will cover GST and Customs. It will increase ease of doing business for bigger assesses who have presence in multiple location. In addition to the audit done by DG, audit, the executive GST Commissionerates shall do the PCA work on the basis of risk parameters identified by RMC. The Audit Directorate will also be the nodal agency to impart field training to officers in CAAP, EA 2000 and create / develop new audit skills. The administrative structure of DG, Audit will be akin to that of DG, RMD.
13 ORGANIZATION CHART MEMBER (P&V),TRAINING Regions- Principal Chief Commissioner (Cadre Controlling for Group B, C and D) DGHRD NACEN DG NACEN REGIONAL
14 GST is a new law and the officers from our service as well as state officers have to be trained. As NACEN has been chosen the nodal agency to impart training in GST, a regional NACEN should be established in each state. NACEN Main Campus will be only for Group A officer training and for any specialized training of any subject of all India importance. Regional NACEN will train state officials and group-b and below officers. It shall also conduct research programs for service as well as for academicians.
15 ORGANIZATION CHART Regions- Principal Chief Commissioner GST Zones Custom Zones There can be5-7 regions in India i.e. North, South, East, West, North-East and Central Regions and will be headed by Principal Chief Commissioner and Regions would be divided in to GST Zones and Customs Zones. Both zones territories may be co-terminus with the States/UT of India. Further Principal Chief Commissioner would be the Cadre Controlling authority for the Group B,C and D. All the P&V functions like transfer, appointment, vigilance, posting would be under his/her control.
16 ORGANIZATION CHART GST Zones GST Commissionerate C.EX. Commissionerate & Legacy Commissionerate Customs Commissionerate Zone will be headed by the Chief Commissioner. For better coordination between Centre and States it is suggested that there will be Apex level and Zonal level Coordination Committee. Pr. Chief Commissioner of respective zone and Chief Secretary of States would attend the meeting of apex level committee. Commissioner CGST/IGST and Commissioner SGST will attend the Zonal coordination meeting which will be headed by Zonal CC. These meetings will be monthly/quarterly affair. The decision/minutes of this Committee would be presented before GSTC for reaching any decision.
17 Each GST and Central Excise Commissionerate would be headed by Commissioner. Itwould have 30divisions on average. The Anti-Evasion Wing should work from the Commissionerate Head Quarters. The Commissioner shall also liaise with the Commissioner SGST for intelligence sharing, joint-audit if state wishes so, joint actions, report and statistics etc. The Commissionerate can have State officers on deputation as well. Any issue of mutual importance can be discussed with the Commissioner SGST by the Commissioner GST and action can be worked out. The Sub-Commissionerates would be headed by Additional Commissioner/Joint Commissioner who would head 10 divisions on an average. ORGANIZATION CHART GST Commissionerate Sub- Commissionerate Anti-Evasion Wing GST Divisions
18 ORGANIZATION CHART GST Division Ranges Each division shall be approximately the size of the district. Further there may be more than one divisions in a district as well if the number of assesses in that district are more than 5000 i.e. the divisions would be as many as multiples of 5000 or may coincide with the block. This is for close engagement with trade. This number is subject to revision. The division would be headed by AC/DC and can have Group B, C and D staff on deputation from the State subject to maximum limit of 15-25%. The functions of the division would include report of taxes paid, refund given etc., levy and collection of CGST and IGST, stuffing of export containers, refund/rebate for exports, audit, help desk for assesses, aiding the SGST officers in case of joint audit, joint action, etc. The division head shall report to Commissioner SGST and Additional Commissioner/Joint Commissioner as well whereas the reporting to Commissioner SGST would be for operational requirements, report and data submission. That appraisal would be for 360 degree appraisal. Ranges would be co-terminus with 1000 assesses/20 sq km area as the case may be. It would be headed by Superintendent.
19 The administration structure post GST would be based on the principle of pooled sovereignty, mutual co-operation, cross reporting, meaningful control. The entire number of existing assesses, proposed increase of assesses, future growth etc., may be taken in to consideration while arriving at the hierarchy of administration. It is suggested that a combination of number of assesses and the geographical area would be required to divide the area as in metros/cities the number of assesses would be more whereas in the villages area would be the criterion. This is required so that the assesses are served near their places. This may be on the lines of de-limitation exercise. The re-working of the cadre strength on this basis and as suggested in the previous slides will result in re-jig which may result in excess manpower also, who may be send to the SGST administration on deputation basis if States agrees. It will increase mutual trust and co-operation. The theme of mutual cooperation is tried for the first time and if we are able to prove it, it would be huge benefit f or the service. There can be a deputation option for the state officers particularly at Group B,C and D at Division level and for Group A at sub-zone level. There shall be a ceiling of 15-25% as agreed by all.
20 The interaction between Zonal Chief Commissioner and Commissioner SGST would bring confidence to the State Governments incentre and be real co-operative federalism. The responsibility and role of NACEN, DG Audit, DGRMC, DGITI should increase on the lines suggested to bring credibility, smooth implementation, compliance verification for the department and trade as well. The traditional division structure of scrutiny should be replaced with audit and scrutiny. There shall be mutual exchange of intelligence and joint audit if agreed by the state. The review and revision powers shall be exercised through committee consisting of the Commissioner VAT and the jurisdictional GST commissioner, headed by the Principal Commissioner/Chief Commissioner.This will help in dispute resolution among the governments. There shall be a working arrangement wherein if the issue has monetary implication of Rs 5 Lakhs or the amount as fixed by the GST council and if the issue is non-recurrent for the assesse, then the decision of the Commissioner Appeals in such cases should be accepted even ifitis not in favour of the department and with the no precedentary value. It is a golden opportunity for the department to re-jig working structures to bring more efficiency and to bring accountability aswell.
21 This exercise will also result in re-distribution of manpower and further this re-distribution shall be done in most transparent manner keeping in view of the talent, potential, skillsets of the staff. With this exercise the infrastructure and vehicle issue to re-considered in a fresh perspective rather than traditional penny wise pound foolish attitude The reason for the making the Regional head as the cadre controlling authority is the wide jurisdiction which enables every staff s requirement/need to be fulfilled and further will help in meaningful redistribution.
GOODS & SERVICES TAX (GST) (Status as on 01 st May, 2017)
GOODS & SERVICES TAX (GST) (Status as on 01 st May, 2017) 1 PRESENTATION PLAN WHY GST : BENEFITS EXISTING INDIRECT TAX STRUCTURE FEATURES OF CONSTITUTION AMENDMENT ACT GST COUNCIL MAIN FEATURES OF GST
More informationRe-organisation of Field Formations in CBEC in. GST Regime
Re-organisation of Field Formations in CBEC in GST Regime Sometimes doing the best is not good enough. Sometimes you must do what is required. Winston S. Churchill Present Organization Structure CE &ST
More informationGoods and Service Tax (GST)
Indirect Taxes Committee of ICAI Goods and Service Tax (GST) Globally Known As VAT Standardised PPT by Indirect Taxes Committee Institute of Chartered Accountants of India Major Initiative in 2014-15 Organized
More informationUnderstanding GST Model Law Conceptual Issues To Succeed - CA Madhukar N. Hiregange & - CA Roopa Nayak
Understanding GST Model Law Conceptual Issues To Succeed - CA Madhukar N. Hiregange & - CA Roopa Nayak Background World over in well run countries VAT or GST (expression used interchangeably) have the
More informationGoods and Service Tax (GST)
Goods and Service Tax (GST) Globally Known As VAT Standardised PPT by Indirect Taxes Committee Institute of Chartered Accountants of India copyright@idtc_icai_2015 1 Indirect Taxes Committee of ICAI Major
More informationCHARTERED ACCOUNTANTS THE ROADMAP TO GST
CHARTERED ACCOUNTANTS THE ROADMAP TO GST Target date of GST Roll Out: 1st April 2017 R.Tulsian and Co LLP 2016 1 Shashwat Tulsian,Partner GST is one indirect tax for the whole nation, which will make India
More informationDownloaded from Update PPT on GST (As on 01 st January 2018)
Update PPT on GST (As on 01 st January 2018) 1 This presentation is for education purposes only and holds no legal validity 2 The Journey to GST 2006 First Discussion Paper was released by the Empowered
More informationreport OF the GrOup On IMpLeMentatIOn OF GOODS and SerVIceS tax
report OF the GrOup On IMpLeMentatIOn OF GOODS and SerVIceS tax 12 July, 2010 New Delhi Group on Implementation of GST --------------------------------------------------------------------------------------
More informationOFFICE OF THE COMMISSIONER OF CENTRAL EXCISE & SERVICE TAX, BHAVNAGAR
OFFICE OF THE COMMISSIONER OF CENTRAL EXCISE & SERVICE TAX, BHAVNAGAR Plot No. 67-76/B-1, Siddhi Sadan, Narayan Upadhya Road, Bhavnagar 364 001 Phone Number-0278-2523625 Fax No. 0278-2513086 Information
More informationC A. S H A S H A N K S H E K H A R G U P T A P A R T N E R - I N D I R E C T T A X
OM HARE GURVEY NAMAH GOODS AND SERVICES TAX A DISCUSSION C A. S H A S H A N K S H E K H A R G U P T A P A R T N E R - I N D I R E C T T A X J U N E 2 0 1 6 BACKGROUND WHAT IS GST? WHY GST? (a) & (b) BRIEF
More informationBy: Madhukar N Hiregange June 3, 2014
Pre- Budget - Suggestions for Revenue Augmentation & Reforms By: Madhukar N Hiregange June 3, 2014 Suggestions for Revenue Augmentation + Reforms Information in respect of assessees be shared between the
More informationGST: Frequently Asked Questions(FAQs) for Traders
GST: Frequently Asked Questions(FAQs) for Traders Q 1. How will GST benefit the Trading Community? Under GST, a trader would be entitled to avail input tax credit paid on their domestic procurements of
More informationM/s PRANJAL JOSHI & CO
Introduction to GST Basic information GST stands for Goods and Service Tax. GST is a destination based tax on consumption of goods and services. It is proposed to be levied at all stages right from manufacture
More informationTaxation principles of GST and experience of present law as relevant to GST
Taxation principles of GST and experience of present law as relevant to GST Outline of discussion General Taxation principles Indian indirect Tax system Road to GST Introduction of GST Benefits of GST
More informationGOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS SERVICE TAX WING NEW DELHI
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS SERVICE TAX WING NEW DELHI F.No.137/314/2012-Service Tax CIRCULAR NO. 185/4/2015-ST Dated: July 07, 2015
More informationSMART LOGISTICS AND SUMMIT AWARDS, 2019 MARITIME GATEWAY 1
SMART LOGISTICS AND SUMMIT AWARDS, 2019 MARITIME GATEWAY 1 SCHEME OF PRESENTATION GST AN EVOLUTION @ 18 MONTHS GST FOR SHIPPING / LOGISTICS / EXPORTS 31 st & 32 nd GST COUNCIL MEETINGS DECISIONS TRADE
More informationYour Business Manager Team
GST and Auto Component Industries Your Business Manager Team www.yourbm.com info@yourbm.com +91 98747 01089 Goods and Service Tax An Overview GST is a Destination Based Tax Mechanism where taxable event
More informationGOODS & SERVICES TAX / IDT UPDATE 56
GOODS & SERVICES TAX / IDT UPDATE 56 GST Provisionally migrated persons may now apply for GSTIN Central Government vide Notification No.31/2018-Central Tax dated 6 th August, 2018 has provided that the
More informationGST: An Integrated Tax
The Journey to GST 2006 First Discussion Paper was released by the Empowered Committee 2009 Constitution (115th Amendment) Bill introduced and subsequently lapsed 2011 The Constitution (122 n d Amendment)
More informationWebinar on Tax Deduction at Source (TDS) Provisions in GST Regime
Webinar on Tax Deduction at Source (TDS) Provisions in GST Regime Mr Rajeev Agarwal, IRS Sr.VP, GSTN In association with National e Governance Division, Department of Electronics & Information Technology
More informationCHAPTER 2 ORGANIZATIONAL STRUCTURE OF LIC
CHAPTER 2 ORGANIZATIONAL STRUCTURE OF LIC ORGANIZATION STRUCTURE To perform the functions of the Life Insurance Corporation of India, a committee consisting of 15 members is appointed by the Central Government.
More informationTHE GOODS AND SERVICES TAX (REUFND) RULES, Rule Rule Title Form no. Time limit for filing form. Section reference
THE GOODS AND SERVICES TAX (REUFND) RULES, 2017 Rule Rule Title Form no. Time limit 1 Application for refund of tax, interest, penalty, fees or any other amount GST RFD- 01 1. 54 of CGST Act; 2. 16(3)
More informationAn Overview of Indirect Taxes. By PROF V.N. PARTHIBAN, FICWA, ACS, FIII, ASM, ADIM, MBA, LLM
An Overview of Indirect Taxes By PROF V.N. PARTHIBAN, FICWA, ACS, FIII, ASM, ADIM, MBA, LLM Customs Duty Basic Customs Duty :Levied under Customs Act, 1962 on : Imported goods: (means any goods brought
More informationPress Information Bureau Government of India Ministry of Finance
Press Information Bureau Government of India Ministry of Finance Frequently Asked Questions (FAQs) on Goods and Services Tax (GST) 03 August 2016 15:32 IST Following are the answers to the various frequently
More informationGoods & Services Tax Make GST Work for you
Goods & Services Tax Make GST Work for you 2016 Implementation of GST as a reform measure is of unparalled importance in independent India. The new tax regime will have numerous changes and developments,
More informationTITLE: GST LAW: AN EXECUTIVE SUMMARY
Pramod Kumar Rai, Advocate Managing Partner B.Tech (IITKanpur), LLB (Gold Medal), LLM (USA) Former Joint Commissioner of Customs, Excise & Service Tax (IRS). Email: pramodrai@ymail.com, pramod@athenalawassociates.com
More informationINVITATION FOR APPOINTMENT OF CHARTERED ACCOUNTANTS FIRM FOR DIRECT AND INDIRECT TAXATION MATTERS OF WEBEL TECHNOLOGY LIMITED
INVITATION FOR APPOINTMENT OF CHARTERED ACCOUNTANTS FIRM FOR DIRECT AND INDIRECT TAXATION MATTERS OF WEBEL TECHNOLOGY LIMITED Last date for submission of application : 20.01.2019 WEBEL TECHNOLOGY LIMITED
More informationAn analysis on prospects of implementation of Goods and Services Tax in India
An analysis on prospects of implementation of Goods and Services Tax in India Authored by: Mr. Vivek Kohli, (Senior Partner) Mr. Ashwani Sharma (Managing Associate) And Mr. Sudeep Vijayan (Associate) ZEUS
More informationGOODS AND SERVICES TAX AN OVERVIEW
GOODS AND SERVICES TAX AN OVERVIEW CENTRAL BOARD OF EXCISE & CUSTOMS GOODS AND SERVICES TAX (GST) 1. Benefits: 1. GST is a win-win situation for the entire country. It brings benefits to all the stakeholders
More informationCentral Board of Excise & Customs
(Draft for circulation) Central Board of Excise & Customs Citizens Charter The CBEC is the apex body for the collection of duties of Excise, Customs and Services (Service Tax). This organization is working
More informationChapter- REFUND. 1. Application for refund of tax, interest, penalty, fees or any other amount
Chapter- REFUND 1. Application for refund of tax, interest, penalty, fees or any other amount (1) Any person, except the persons covered by notification issued under section 55, claiming refund of any
More informationImplementation of Goods and Service Tax (GST) in India. Opportunities and Challenges for CMA
Implementation of Goods and Service Tax (GST) in India Opportunities and Challenges for CMA CMA Rajesh Shukla At ICWA Chapter meet 14 th August 2015 Aurangabad Present Indirect Taxation Structure 2 Background
More informationBUSINESS PROCESSES ON GST RETURN
Content provided by Mr. Vineet Bhatia, Advocate BUSINESS PROCESSES ON GST RETURN Proposed returns in the GST regime are quite detailed in nature, with emphasis on cross-matching of data submitted by various
More informationThe Institute of Cost Accountants of India. (Statutory body under an Act of Parliament)
The Institute of Cost Accountants of India (Statutory body under an Act of Parliament) Suggestions and Feedback from Stakeholders and General Public submitted to CBDT on New Direct Tax Law General Information
More information26 th Year of Publication. A monthly publication from South Indian Bank. To kindle interest in economic affairs... To empower the student community...
Experience Next Generation Banking A monthly publication from South Indian Bank To kindle interest in economic affairs... To empower the student community... www.southindianbank.com Student s corner ho2099@sib.co.in
More informationProposed Amendments in GST Law
Proposed Amendments in GST Law On 09.07.2018, the Goods and Service Tax Council has issued draft proposal for the amendment in the "Goods and Services Tax" Law. The entire proposal gives brief view on
More informationDESCRIPTION SERVICE TAX B CENVAT CREDIT RULES, 2004 EXCISE DUTY CENTRAL SALES TAX CUSTOMS DUTY COMMON ISSUES
SUGGESTIONS RELATING TO INDIRECT TAXES INDEX PART DESCRIPTION A SERVICE TAX B CENVAT CREDIT RULES, 2004 C EXCISE DUTY D CENTRAL SALES TAX E CUSTOMS DUTY F COMMON ISSUES PART A: SERVICE TAX Partial Reverse
More informationIntroduction to Goods and Services Tax (GST)
Introduction to Goods and Services Tax (GST) CHAPTER 2 GST is the most ambitious and remarkable indirect tax reform in India s post-independence history. Its objective is to levy a single national uniform
More informationINTRODUCTION TO GOODS AND SERVICE TAX
The Union Finance Minister Mr. P. Chidambaram in his budget speech in 2006 has said: It is my sense that there is a large consensus that the country should move towards a National Level Goods and Service
More informationGST- COMPOSITION SCHEME - BOON FOR SMALL TAXABLE PERSONS
GST- COMPOSITION SCHEME - BOON FOR SMALL TAXABLE PERSONS BY: PRADEEP K. MITTAL, ADVOCATE 1 INTRODUCTION: 1: The new composition scheme provides for a simple and easy method of charge and payment of tax
More informationA Note on GST. 1. GST (Goods & Services Tax) is a single tax on the supply of goods and services, right
A Note on GST 1. GST (Goods & Services Tax) is a single tax on the supply of goods and services, right from the manufacturer to the consumer. The final consumer will thus bear only the GST charged by the
More informationGoods and Service. By CMA Sachin Kathuria. CMA Sachin Kathuria
Goods and Service Tax (GST) in India By 1 Existing Tax structure in India 2 Tax Structure Direct Tax Indirect Tax Income Tax Wealth Tax (Now abolished) Central Tax State Tax Excise Service Tax Customs
More informationCBEC s Annual Action Plan
CBEC s Annual Action Plan 2016-17 Key areas and strategies: A. Revenue mobilization: A1. Pending investigations A2. Adjudication A3. Call Book A4. Appeal A5. Prosecution proceedings A6. Tax Arrears Recovery
More informationReturns, Matching Concept, Accounts & Records, under GST Law. Presentation by CA. Gaurav V Save GST Course for CA Students WIRC of ICAI June 07, 2017
Returns, Matching Concept, Accounts & Records, under GST Law Presentation by CA. Gaurav V Save GST Course for CA Students WIRC of ICAI June 07, 2017 Agenda Returns & Matching Concept Accounts & Records
More informationFiscal Deficit and Goods and Services Tax (GST) in India: Issues and Challenges
Fiscal Deficit and Goods and Services Tax (GST) in India: Issues and Challenges By Dr. Pankaj Trivedi - Professor of Finance and Head of Ph.D. Program Tanmay Bhadari Student, 2 nd year MMS(Finance) Piyush
More informationGST: Transitional Provisions
GST: Transitional Provisions Edition 2 Contents Debit and Credit Notes [S.178] Pending Refunds [S.179 to S.181] Pending Assessments and Appeals [S.182 to S.185] Continuing Contracts [S.186 and S. 187]
More informationGoods and Service Tax (Compensation to States) Act, 2017
Goods and Service Tax (Compensation to States) Act, 2017 FAQ s Chapter XXX Goods and Service Tax (Compensation to States) Act, 2017 Q1. What is compensation cess and from where levy of this Cess is governed
More informationGST CONCEPT & STATUS As on 01 st May, Introduction
GST CONCEPT & STATUS As on 01 st May, 2017 Introduction The introduction of Goods and Services Tax (GST) would be a very significant step in the field of indirect tax reforms in India. By amalgamating
More informationWHITE PAPER - ISD AND CROSS CHARGE MECHANISM UNDER GST REGIME.
WHITE PAPER - ISD AND CROSS CHARGE MECHANISM UNDER GST REGIME www.rsmindia.in 1.0 Introduction GST was introduced on 01 July 2017 replacing multiple Indirect Taxes with a single tax. However, a lot of
More informationIndo-American Chamber of Commerce
Indo-American Chamber of Commerce Getting GST Ready! Sachin Agarwal October 2016 Contents Current Indirect Taxes Landscape GST Snapshot GST Where we stand? Model GST Law Impact of GST GST Transformation:
More informationTHE CGST ACT, 2017 REFUNDS
THE CGST ACT, 2017 CHAPTER XI REFUNDS Presented By - CA H.L.Madan Mobile No. - 9312238908 Date - 01.06.2018 PENDENCY OF REFUNDS Federation of Indian Export Organisations said on Tuesday ie. 29.05.2018
More informationComposition. Exports
Email FAQs The emails were received by the GST Policy Wing from various sources and were scrutinized and developed into a short FAQ of 100 emails. It should be noted that the emails received or the replies
More informationF.NO. 380/1/2019-IT(B) Government of India/ Ministry of Finance/ Department of Revenue/ Central Board Direct Taxes / ( ) *********
Page 1 of 5 MOST IMMEDIATE BY FAX F.NO. 380/1/2019-IT(B) Government of India/ Ministry of Finance/ Department of Revenue/ Central Board Direct Taxes / ( ) ********* To North Block, New Delhi 12 th April
More informationComposition Levy Under GST- A Boon or Bane
Composition Levy Under GST- A Boon or Bane INTRODUCTION T he appointed date for Goods and Services Tax Law (GST Law or GST) role out is 1st of July, 2017. GST Law will affect, directly and indirectly,
More informationBy: CA Sanjay Dhariwal
By: CA Sanjay Dhariwal sanjay@dnsconsulting.net 9972070601 Specific issues under Stock transfer: Consignment Sales, Inter unit transaction (Separate and Centralized Registration within State), E-commerce,
More informationBUSINESS PROCESSES FOR GST PAYMENT
Content provided by Mr. Vineet Bhatia, Advocate BUSINESS PROCESSES FOR GST PAYMENT C.1 In modern day taxation regime, every transaction of the tax payer with the tax administration should be transparent,
More informationSummary of Notifications, Circulars from 16 th September, 2016 to 15 th October, 2016
Summary of Notifications, Circulars from 16 th September, 2016 to 15 th October, 2016 SERVICE TAX 1. Exemption to taxable services provided by State Govt. etc. by way of granting long term lease of industrial
More informationRepresentation Paper on Impact of GST Regime on Handicraft Sector 121
Representation Paper on Impact of GST Regime on Handicraft Sector 121 122 Representation Paper on Impact of GST Regime on Handicraft Sector CONTENTS Section Page No. Introduction- Goods & Services Tax
More informationVAT CONCEPT AND ITS APPLICATION IN GST
CONTENTS DIVISION 1 INPUT TAX CREDIT 1 VAT CONCEPT AND ITS APPLICATION IN GST 1.1 Background of VAT 3 1.2 Basic Concept of VAT 4 1.2-1 VAT to avoid the cascading effect 5 1.2-2 Input Tax credit system
More informationGOODS AND SERVICES TAX
GOODS AND SERVICES TAX GOODS AND SERVICES TAX - AN INTRODUCTION Introduction to Goods and Services Tax GST and Centre-State Financial Relations Constitution (One Hundred and First) Amendment Act, 2016
More informationTEXPROCIL. (A) Exports under Bond/ LUT or under Refund of IGST
Guidance Note on GST (A) Exports under Bond/ LUT or under Refund of IGST (I) Exports Zero rated supplies All exports as well as supplies to SEZs have been categorized as Zero rated supplies in the IGST
More informationGST Update. Weekly Update N a t i o n a l A c a d e m y o f C u s t o m s, I n d i r e c t T a x e s a n d N a r c o t i c s ( N A C I N )
GST Update Weekly Update 02.02.2019 1 Background This Presentation covers the GST changes / observations/ press releases/ Tweet FAQs/ Sectoral FAQs released by CBEC since the last update on 26.01.2019.
More informationGST -Some Basic Concepts. Presented By: CA Madhukar Hiregange
GST -Some Basic Concepts Presented By: CA Madhukar Hiregange Necessity for GST Present system of indirect tax has multiplicity of taxes levied by Centre & State Tax on tax, increases cost - Cascading No
More informationMODEL GST LAW. CA. UPENDER GUPTA, IRS COMMISSIONER (GST), CBEC
MODEL GST LAW CA. UPENDER GUPTA, IRS COMMISSIONER (GST), CBEC upender.gupta@nic.in PRESENTATION PLAN BASIC FEATURES HIGHLIGHTS OF MODEL GST LAW (MGL) MINIMAL HUMAN INTERFACE GST A GAME CHANGER 2 BASIC
More informationSALIENT FEATURES OF PROPOSED GST
SALIENT FEATURES OF PROPOSED GST GST is a consumption based levy. Destination principle would be applicable in normal course of business to business [B2B] other than for few services and business to consumer.[
More informationMaster class on GST. Institute of Company Secretaries of India - WIRC. CA Ashit Shah. Shah & Savla LLP. Chartered Accountants
Master class on GST Institute of Company Secretaries of India - WIRC CA Ashit Shah Chartered Accountants Matters to be covered Job work E-Commerce Valuation of Goods and Services Accounts & Records Tax
More informationGoods & Service Tax. (GST) BBNL Vendor MEET
Goods & Service Tax (GST) BBNL Vendor MEET 28.6.2017 1 Overview GST In short How to Charge Tax Changes Now Tax on both goods and services when supplied Replacing - Central Excise, Service Tax, VAT, Entry
More informationCHAPTER 1: INTRODUCTION TO GST 1.1 BASICS OF GST What is GST?
CHAPTER 1: INTRODUCTION TO GST 1.1 BASICS OF GST 1.1.1 What is GST? Goods and Services Tax (GST) is a value-added indirect tax at each stage of the supply of goods and services precisely on the amount
More information[Chapter XI] Edition 9
[Chapter XI] Edition 9 Contents Refund of Tax [S. 54] Refund in certain cases [S. 55] Interest on delayed refunds [S. 56] Consumer welfare fund [S. 57] Utilization of Fund [S. 58] Related FAQs 2 Rules
More informationSUGGESTIONS AND RECOMMENDATIONS
CHAPTER VI SUGGESTIONS AND RECOMMENDATIONS This study Impact of Value Added Tax on the Financial and Tax Management Practices of VAT Assessees of Kerala was undertaken to identify the efficiency and effectiveness
More informationLevy. FAQs. S.No. Query Reply
Email FAQs The emails were received by the GST Policy Wing from various sources and were scrutinized and developed into a short FAQ of 100 emails. It should be noted that the emails received or the replies
More informationTAX CONTROVERSIES AND LITIGATION IN INDIA - AVOIDANCE AND THE SOLUTIONS. S.R. Wadhwa, Advocate 1
TAX CONTROVERSIES AND LITIGATION IN INDIA - AVOIDANCE AND THE SOLUTIONS S.R. Wadhwa, Advocate 1 BY: S.R. Wadhwa Ph. No. 9810414433 Email: wadhwasr@hotmail.com Website: wadhwataxconsultant.com S.R. Wadhwa,
More information1. This Agreement is made and entered into on this 30 th day of October 2015 at New Delhi between
1 MEMORANDUM OF UNDERSTANDING BETWEEN DEPARTMENT OF CONSUMER AFFAIRS, MINISTRY OF CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION, GOVERNMENT OF INDIA AND THE INDIAN INSTITUTE OF PUBLIC ADMINISTRATION,
More informationGOODS AND SERVICE TAX IN INDIA PROBLEMS AND PROSPECTS
82 Journal of Management and Science ISSN: 2249-1260 e-issn: 2250-1819 Special Issue. No.1 Sep 17 GOODS AND SERVICE TAX IN INDIA PROBLEMS AND PROSPECTS DR.T.DURAIPANDI Assistant Professor Department of
More informationVirtual Certificate Course on GST Organised by: IDT Committee of ICAI
1 Virtual Certificate Course on GST Organised by: IDT Committee of ICAI Sector Specific Studies on Construction Information Technology Tourism Service Trader Manufacturer 23 of June 2017 2 HIGHLIGHTS OF
More informationReturns in goods and services tax
Returns in goods and services tax A brief overview by Shri Sunil Lahane, Dy Commissioner, Sales Tax Outline What s special about GST return? Overview of Returns to be submitted by regular tax payers Process
More informationImpact of GST on Automobile Dealers
Impact of GST on Automobile Dealers The Indian auto industry is one of the largest in the world. The industry accounts for 7.1 per cent of the country's Gross Domestic Product (GDP). Almost 13% of the
More informationGoods and Service Tax in India. CA Ashutosh Thaker
Goods and Service Tax in India CA Ashutosh Thaker Ashutosh.thaker@verita.co.in Contents 01 Why &Salient features of Indian GST 02 Key Concept of GST 03 What should be of concern Central Govt. & State Govt.
More informationGST & Constitutional Amendment
GST & Constitutional Amendment S M Sinha Addl.Commissioner, Commercial Tax (Retd.) Lucknow, UP The proposed 122 nd Constitutional Amendment to the Constitution has paved the way for introduction of GST
More informationCHAPTER 2. GST Acts : CGST ACT, SGST ACT (KARNATAKA STATE) IGST ACT
CHAPTER 2 GST Acts : CGST ACT, SGST ACT (KARNATAKA STATE) IGST ACT SALIENT FEATURES OF CGST ACT, 2017 1. A state-wise single registration for a taxpayer for filing returns, paying taxes, and to fulfil
More informationSubject: Project Imports Regulations, 1986 (PIR) Instructions regarding. *** Sir / Madam,
Circular No.22/2011-Customs To F.No.528/38/2008-Cus.(TU) Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs 227-B, North Block. New Delhi-110001. 4 th May,
More informationAn overview of Audit provisions under GST as per Model GST Law:
February 25, 2017 An overview of Audit provisions under GST as per Model GST Law: The introduction of the Goods and Services Tax is a major transformation in our national taxation system which will drastically
More informationGoods and Service Tax (GST)
Goods and Service Tax (GST) 1. Basics of GST 2. Working Model of GST 3. GST Compliances- Monthly and Annual Filings 4. GST Impact on E-Commerce 5. GST Impact on Services ( IT/ITES) BASICS of GST GST is
More informationMOTHER OF ALL TAX REFORMS: INDIA S GOODS AND SERVICES TAX 2017
International Journal of Management (IJM) Volume 8, Issue 4, July August 2017, pp.8 15, Article ID: IJM_08_04_002 Available online at http://www.iaeme.com/ijm/issues.asp?jtype=ijm&vtype=8&itype=4 Journal
More informationWEBINAR ON - GST REFUND
WEBINAR ON - GST REFUND Organized by THE CHAMBER OF TAX CONSULTANTS PRESENTED BY RAJIV LUTHIA AN INVESTMENT IN KNOWLEDGE PAYS THE BEST RETURN 11th March, 2018 CA RAJIV LUTHIA 1 Refunds [Chapter XI Sections
More informationREFUND UNDER GST. Law, Rules & Forms. 4 December 2017 Copyrights Reserved of 21
REFUND UNDER GST Law, Rules & Forms www.alankitgst.com 4 December 2017 Copyrights Reserved 2017 1 of 21 What is GST? Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based
More informationIntegrated Goods and Services Tax (IGST)
1. The introduction of Goods and Services Tax (GST) is a significant reform in the field of indirect taxes in our country. Multiple taxes levied and collected by the Centre and the States will be replaced
More informationSai Om Journal of Commerce & Management A Peer Reviewed International Journal
Volume 4, Issue 6 (June, 2017) UGC APPROVED Online ISSN-2347-7571 Published by: Sai Om Publications GOODS AND SERVICES TAX (GST) VS CURRENT INDIRECT TAX ENVIRONMENT IN INDIA AND IMPACT OF GST ON REAL ESTATE
More informationGST Newsletter. Corporate India Advisors LLP 29 th May 2015
Corporate India Advisors LLP 29 th May 2015 GST Newsletter The Constitution Amendment Bill has been passed in the Lok Sabha and presently lying with the select committee of Rajya Sabha. We may expect it
More informationGST on free supplies by customers - CA Venkat Prasad - CA. Haritha Komma
GST on free supplies by customers - CA Venkat Prasad - CA. Haritha Komma Introduction: It is common practice prevailing in many industries that certain materials are provided by the customer to the manufacturer
More informationSampat & Mehta GST - FAQ
Sr. No. Particulars Suggestions 1. What documents are required to accompany movement of Goods outside own premises E Way Bill to be generated from GSTN Portal before or at the time of movement of Goods
More informationTotal turnover/ Gross receipts 30% 30% of FY > Rs 50 Cr No change in rate of Surcharge
1. Income Tax Rates: Category of Income New rate of tax Old rate Taxpayer for FY 2017-18 of tax Individuals/ Upto Rs 2.5 L Nil Nil HUF/ BOI/ Rs 2.5 to 5 L 5% 10% AOP/ Rs 5 to 10 L 20% 20% Artificial Above
More informationGOODS AND SERVICE TAX (G.S.T.) OPPORTUNITIES AND CHALLENGES
62 News & Views 2010 NTN I II GOODS AND SERVICE TAX (G.S.T.) OPPORTUNITIES AND CHALLENGES Sudhir Kumar Arora Advocate 140, Ist Floor, Navyug Market, Implementation of G.S.T. Principal Costing Impact. Possibility
More informationGST MSME SECTORAL SERIES CENTRAL BOARD OF EXCISE & CUSTOMS. Directorate General of Taxpayer Services. Follow
GST SECTORAL SERIES MSME Directorate General of Taxpayer Services CENTRAL BOARD OF EXCISE & CUSTOMS www.cbec.gov.in Question 55: Whether a registered person under the composition scheme needs to learn
More informationGST. The New Fiscal Baby
GST The New Fiscal Baby GST A Major Reform in Indirect Taxation post Indian Independence INDIRECT TAXATION PARENT ACTS Central Excise & Salt Act, 1944 Central Excise Tariff Act, 1975 Customs Act, 1962
More informationGOODS AND SERVICE TAX (GST) AND ITS IMPACT
104 Journal of Management and Science ISSN: 2249-1260 e-issn: 2250-1819 Special Issue. No.1 Sep 17 GOODS AND SERVICE TAX (GST) AND ITS IMPACT P.KANAGARAJ Assistant Professor in Commerce Department of Commerce
More informationTHE CHAMBER OF TAX CONSULTANTS
INDIRECT TAX STUDY CIRCLE MEETING TUESDAY, 13 TH OCTOBER, 2015 Service tax Investigation, Audit and Scrutiny CA Srikant S. Shenoy Under Chapter V of the Finance Act, 1994 ( Act ) and the rules made there-under
More informationGST - AN OVERVIEW I-5
Contents 1 GST - AN OVERVIEW 1.1 What is Goods and Services Tax? 1 1.1-1 Broad definition of service 3 1.1-2 Dual GST for supply of goods and services within State 3 1.1-3 IGST for inter-state transactions
More informationGoods And Services Tax
Goods And Services Tax The Goods and Services Tax (GST) is a revolutionizing tax reform in the Indian taxation history. Sound tax policies of a nation are an indication of strong governance and sustainable
More informationGoods and Services Tax
Goods and Services Tax Overview and Impact Analysis CA Neeraj Menon THE PROPOSED GST FRAMEWORK IN INDIA Dual-GST Centre and States to levy GST on common base (CGST & SGST) Salient features IGST on interstate
More information