THIS IS OUR POWER POINT PRESENTATION ON GST

1. WELCOME TO OUR
power point presentation
Presented by
Rahmatullah &
Asif muslim
EZ291

2. contents
 Introduction
 What is GST
 History
 Model of GST
 GST -council
 Proposed GST rates
 Why does india need GST
 GST- Advantages
 GST- Global scenerio
 GST :proposed key features

3. introduction
 Gooods and services tax in short GST came into effect from july 1,2017.
 Through the implementation of one hundred & the first amendment of the constitution
of india
 Under the modi government
 This tax replaced existing multiple cascading taxes levied by the central & state govt.
 This tax rates, rules & regulations are governed by GST council which comprises finance
ministers of centre and all the states
What is GST
 It is indirect tax levied in india
 On the the sales of goods and services
 it has four slabs includes 5%,12%,14%,18% and 28%

4. History
 The reform process of india’s indirect tax regime was started in 1986 by Vishwanath pratap
singh,finance minister in rajiv Gandhi’s govt.
 With introduction of the modified value added tax (MODVAT).
 Subsequently,P V Narasimah Rao and his finance minister Manmohan Singh initiated early discussion
on value added tax(VAT) at the state level.
 Finally ,in 1999 GST was proposed and go-ahead a meeting between prime minister Atal Bihari
Vajpayee and his economic advisory panel
 After the defeat of the BJP-led NDA in 2004 lok sabha election.And congress-led UPA Govt.,the
new finance minister p Chidambaram in feb.2006 continued work on the same and proposed a GST
rollout by 1 april 2010.
 In 2014 lok sabha election BJP-led NDA govt. was elected into power under the leadership of
Narendra Modi.
 Seven months later after the formation of modi govt.,The new finance minister Arun Jaitley
introduced GST bill in the Lok sabha , Where BJP had a majority.
 In feb.2015, Jaitley set another deadline of 1 april 2017 to implement GST .

5. MODEL OF GST
GST
Stracture
Central GST(CGST) State GST(SGST) Integrated GST(IGST)
To be levied by
central govt.
To be levied by
the state govt.
To be levied by central govt.
for inter-state transactions &
imported goods or services

6. GST COUNCIL
GST levy will be administered by
a) Union finance minister(chairmen)
b) Union minister in charge of state revenue or finance
c) Minister in charge of finance or taxation
d) Any other minister (finance minister of the state )nominated by each
state govt. would constitute the council
e) CGST- to be administered by central govt.
f) SGST- to be administered by state VAT Department
g) IGST- to be administered by a common Centralized Authority

7. PROPOSED GST RATES

8. WHY DOES INDIA NEED GST

9. Gst-ADVANTAGEs

10. GST -GLOBAL SCENARIO

11. THANKS TO ALL!
HAVE A GOOD LUCK