seminar - neweracec.in filetopics cover in seminar ... current indirect tax and gst curent system...
TRANSCRIPT
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Presented by:
Deepak Kumar Gupta
Seminar
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Topics cover in seminar
• What is Tax
• What is GST 2017
• Provisions of GST
• Who is liable to take registration and Threshold limit
• Registration and Migration Process
• E-filling and E-payment of GST
• Input tax Credit
• Composition Scheme
• Goods which are not cover under GST
• GST Rates
• Provision related to Tax Return Preparer (TRP)
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2017
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Manufacturing
Manufacturing
Intra state Sale
Inter state Sale
Stock Transfer
Service Provide
Excise Duty
VAT
CST
No Tax
Service Tax
CGSTSGSTIGST
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Component of GST
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AndmanNikobar
Charge of Tax
Intra UT
UTGST
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Difference Between current Indirect Tax and GST
Curent System GST
Cost of Manufacturers 400000 400000
Add: Excise Duty @ 12% 48000 CGST@6% 24000
VAT @ 12% 53760 SGST @6% 24000
Dealer Invoice 501760 448000
Dealer cost(400000+48000) 448000 400000
Margine @10% 44800 40000
Sale Price for Dealer 492800 440000
VAT @12% 59136 CGST @6%SGST @6%
2640026400
Price to customer 551936 492800
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Provisions Related to Tax Return Preparer (TRP)
• Application for enrolment as TRP
• Eligibility criteria to be qualified as TRP (B.com, M.com, BBA, MBA, LLB)
• The responsibility of correctness of return filed by TRP to rest with Taxable Person
• Confirmation via SMS or E-mail from Taxable Person after furnishing returns or statement filed by TRP
• Affix his Digital Signature on the statements or verify electronicsally using his credentials
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What TRP can do
• Furnish details of outward and inward supplies;
• Furnish monthly, quarterly, annual or final return
• Make payments for credit into the electronic cash ledger;
• File a claim for refund;
• Represent the taxable person- other then inspection, search, seizure and arrest;
• Fill an appeal to first appellate authority & Tribunal
• Fill an application for fresh registration, amendment or cancellation of registration
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TRP Forms
Forms Form Type
Form GST-TRP-1 Application for enrolment as TRP
Form GST- TRP-2 Enrollment certificate as TRP
Form GST- TRP -3 Show cause to TRP
Form GST- TRP -4 Order of canceling enrollment as TRP
Form GST- TRP- 5 List of TRP
Form GST- TRP- 6 Consent of taxable person to TRP
Form GST- TRP- 7 Withdrawal of authorization to TRP
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Thanks