Agile Epic Roadmap Slide Template
Use the Agile epic roadmap slide template to present Agile epics planning and tracking across releases. Organize and track epics in a visual format, align stakeholders, and convey project timelines effectively
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.
E N D
Presentation Transcript
INTRODUCTION TO INDIRECT TAXATION AND GST
Difference between Direct Taxation and Indirect Taxation Direct Taxation Indirect Taxation
Difference between Direct Taxation and Indirect Taxation Direct Taxation Indirect Taxation Tax on income, wealth, profession etc. of persons. Tax on consumption of goods and services.
Difference between Direct Taxation and Indirect Taxation Direct Taxation Indirect Taxation Tax on income, wealth, profession etc. of persons. Taxpayer pays direct to the government. Tax on consumption of goods and services. Tax payer pays indirectly through intermediaries like importers, suppliers etc
Difference between Direct Taxation and Indirect Taxation Direct Taxation Indirect Taxation Tax on income, wealth, profession etc. of persons. Taxpayer pays direct to the government. Tax on consumption of goods and services. Tax payer pays indirectly through intermediaries like importers, suppliers etc GST and customs are the major indirect taxes in India. Income tax is a major direct tax.
Difference between Direct Taxation and Indirect Taxation Direct Taxation Indirect Taxation Tax on income, wealth, profession etc. of persons. Taxpayer pays direct to the government. Tax on consumption of goods and services. Tax payer pays indirectly through intermediaries like importers, suppliers etc GST and customs are the major indirect taxes in India. Indirect taxes are flat in nature. Income tax is a major direct tax. Direct tax is progressive in nature.
GST was introduced on 01st July 2017 Before GST Service Tax Value Added Tax Goods Services (GST) and Tax Excise Duty Octroi Duty
FEATURES OF GST Tax on consumption GST is a destination based tax Value added tax Continuous flow of credit Tax on supply
SCOPE OF GST All goods and services except Alcoholic liquor for human consumption Petroleum products Real Estate Sector Tobacco
Mr. A Mr. B Sells Goods/ Provides Services SUPPLY 3 Supplier Recipient 1 2 TAXABLE EVENT
Mr. A of Pune Mr. B of Mumbai Sells goods Supplier Recipient Maharashtra Maharashtra INTRA STATE SUPPLY When the supplier and recipient both are located in the same state it is known as intra state supply.
Mr. A of Ahmedabad Mr. B of Mumbai Sells goods Supplier Recipient Gujarat Maharashtra INTER STATE SUPPLY When the supplier and recipient both are located in different states it is known as inter state supply.
INTRA STATE SUPPLY INTER STATE SUPPLY CGST + SGST IGST TYPES OF TAXES 1. CGST Central GST 2. SGST State GST 3. IGST Integrated GST 4. UTGST Union Territory GST
Some Miscellaneous Concepts Goods and Service Tax Network (GSTN) GST Identification Number (GSTIN) GST Rates Classification of Goods and Services
What do we have to study??? Taxable Event 1. Concept of Supply When is the tax to be paid? 2. Time of Supply Which tax to be paid? 3. Place of Supply 4. Value of Supply On what amount is the tax to be paid? Who is supposed to get registered under GST? What documents/ records to be maintained as per the law? 5. Registration under GST 6. Documentation 7. Exemptions under GST 8. Input Tax Credit
