GST_Presentation.pptx mmmmmmmmmmmmmmmmmm

main point releted goods and services

1. Goods and Services Tax (GST) One Nation, One Tax, One Marke t Prepared by: MANJEET KUMAR

2. Introduction to GST Implemented on 1st July 2017 Replaced multiple indirect taxes Unified national market

3. Objectives of GST Remove cascading effect of taxes Promote ease of doing business Increase transparency Wide a n tax base & compliance Boost Indian economy

4. Structure of GST in India CGST – Central Goods and Services Tax SGST – State Goods and Services Tax IGST – Integrated Goods and Services Tax UTGST – Union Territory Goods and Services Tax

5. Types of GST Rates 0% – Essential items (milk, fruits, vegetables) 5% – Basic goods (edible oil, footwear) 12% – Processed food, computers 18% – Most goods & services (electronics, restaurants) 28% – Luxury goods (cars, tobacco, soft drinks)

6. Benefits of GST Unified tax structure Reduces double taxation Easy online compliance Encourages transparency Attracts foreign investment

7. Challenges of GST Complex filing process for small businesses Initial technical glitches Multiple tax rates cause confusion High compliance cost for SMEs Frequent rule changes

8. GS T Collection & Impact Increased government revenue Higher compliance due to digitalization Boost to formal economy Growth in exports Reduced logistics cost

9. Recent Updates in GST (2025) E-invoicing mandatory for more businesses Simplified return filing process Rate rationalization by GST Council Towards 'One Nation, One Tax Rate'

10. Conclusion GST is a landmark tax reform Transparent, efficient & digital economy Scope for further simplification

11. References GST Council Website: gstcouncil.gov.in Ministry of Finance: mof.gov.in News articles & reports

12. Thank you …….