Goods and Services Tax is the destination based Tax.

ON GST

1. taxation for Small-Scale Businesses

2. Introduction to taxation for Small-Scale Businesses Title: Starting a Small-Scale Business with State Government Financing Subtitle: Understanding GST Compliance and Business Setup 2

3. Overview of State Government Financing for Small Businesses Explanation of state government schemes supporting small businesses Examples of financing options available (e.g., subsidies, low-interest loans) Eligibility criteria and application process

4. Key Considerations for Business Setup Importance of a solid business plan Selecting the right business structure (sole proprietorship, partnership, etc.) Registration and licensing requirements Click to edit Master text styles Click to edit Master text styles 4

5. Introduction to Goods and Services Tax (GST) What is GST? (Brief explanation) Importance of GST for businesses in India Types of GST: CGST, SGST, IGST

6. Who Needs to Register for GST? Criteria for GST registration (e.g., turnover threshold of ₹40 lakhs) Special provisions for North Eastern and hill states (threshold of ₹10 lakhs) Overview of the registration process 6

7. Compliance Requirements under GST Regular filing of GST returns (GSTR-1, GSTR-3B, GSTR-9) Maintenance of proper books of accounts and invoices Importance of timely GST payments to avoid penalties 8/9/2024 7

8. Input Tax Credit (ITC) Explanation of ITC and how it works Eligibility and conditions for claiming ITC Documentation required for availing ITC 8/9/2024 8

9. GST Composition Scheme for Small Businesses Overview of the GST Composition Scheme Eligibility criteria (turnover limit up to ₹1.5 crores) Simplified compliance under the scheme 8/9/2024 9

10. GST Compliance: Key Deadlines Monthly and quarterly filing deadlines Annual return deadlines Penalties for late filing and non-compliance 8/9/2024 10

11. Advantages of GST Compliance Improved transparency and ease of doing business Access to input tax credit Better reputation and trust among customers and suppliers 11

12. THANK YOU KUMAR GULSHAN [email protected]