GOODS AND SERVICES TAX

1. PRESENTED BY DHIRAJ
KAUSHIK

2. Goods and Services Tax is an Indirect Tax
which has replaced many Indirect Taxes in
India.
Goods and Services Act was passed in the
Parliament on 29th March 2017.
Act came into effect on 1st July 2017.

4. GST eliminates the cascading effect of tax
Simple and easy online procedure
Unorganized sector is regulated under
GST
Improved efficiency of logistics

5. Increased costs due to software purchase
(ClearTax is the first company in India to
have launched a ready-to-use
GST software called Cleartax GST
software).
GST will mean an increase in operational
costs.
GST came into effect in the middle of the
financial year
GST is an online taxation system.

7. Individuals registered under the Pre-GST
Law.
Business with turnover above the
threshold limit of Rs.40 lakhs and Rs.10
lakhs for NE states and hill states.
Casual taxable person and Non-resident
taxable person.
Person who supplies via e-commerce.
Every e-commerce aggregator.

8. PAN of the Applicant.
Aadhaar card.
Proof of business registration or
incorporation certificate
Identity and address proof of promoters/
director with photographs.
Address proof of the place of business.

9. Bank Account statement.
Digital signature.

10. Log in to the GST common portal (
www.gst.gov.in ).
File GST registration form.
We will receive an application reference
number on our mobile and via E-mail.
We will then need to fill the second part of
the form and upload the required
documents according to the business type.

11. Finally a certificate of registration is issued
to us by the department.
The office may also reject our application if
there any errors. We will be informed in
Form GST REG -05 regarding the same

12. An offender not paying tax or making short
payments (genuine errors) has to pay a
penalty of 10% of the tax amount due
subject to a minimum of Rs.10000.
The penalty will at 100% of the tax amount
due when the offender has deliberately
evaded paying taxes.

15. THANK YOU