Roadmap To GST GST Implementation

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If you are searching reputed Firm for how to Start Implementation of GST and Roadmap To GST in New Delhi India than don't forgot AKGVG and Associates, a one stop destination for you’re all the goods and services Tax GST Implementation Solution in India at very affordable prices. Corporate Office Address AKGVG & Associates 307 Pearl Corporate, Mangalam Place, Sector-3, Rohini, New Delhi, India - 110085 Contact No - +91- 9811118031 Email ID - info@akgvg.com Website - http://www.akgvg.com/index.php/ind-as-implementation.html

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AKGVG & Associates :

AKGVG & Associates

Roadmap To GST Implementation In India :

Roadmap To GST Implementation In India

Existing Tax Structure In India:

Existing Tax Structure In India

Proposed Tax Structure In India:

Proposed Tax Structure In India

Illustration To Showcase Tax Benefit Under GST:

Illustration To Showcase Tax Benefit Under GST

Present Scenario (Intra-State Trade of Goods):

Present Scenario (Intra-State Trade of Goods) State Tax = 13.31 ( 11 + 1.10 + 1.21) VAT = 11 VAT = 12.10 ITC = ( 11) 1.10 VAT = 13.31 ITC = ( 12.10) 1.21 Excise = 10 Excise = 11 ITC = (10) 1 Tax Invoice (A) Value = 100 Excise = 10 VAT = 11 Tax Invoice (B) Cost = 100 Value = 110 Excise = 11 VAT = 12.10 133.10 Tax Invoice (C) Cost = 121 Value = 133.10 VAT = 13.31 146.41 Central Tax = 11 ( 10 + 1)

GST Scenario (Intra-State Trade of Goods):

GST Scenario (Intra-State Trade of Goods) State Tax = 12.10 ( 10 + 1 + 1.10) SGST = 10 SGST = 11 ITC = ( 10) 1 SGST = 12.10 ITC = ( 11) 1.10 CGST = 10 CGST = 11 ITC = (10) 1 Tax Invoice (A) Value = 100 CGST = 10 SGST = 10 120 Tax Invoice (B) Cost = 100 Value = 110 CGST = 11 SGST = 11 132 Tax Invoice (C) Cost = 110 Value = 121 CGST = 12.10 SGST = 12.10 145.20 Central Tax = 12.10 ( 10 + 1 + 1.10) CGST = 12.10 ITC = (11) 1.10

Present Scenario (Inter-State Trade of Goods):

Present Scenario (Inter-State Trade of Goods) State Tax (Y) = 16.91 ( 13.91 + 3) VAT = 11 CST = 2.42 ITC = ( 2.42) 0 VAT = 13.91 Excise = 10 Excise = 11 ITC = (10) 1 Tax Invoice (A) Value = 100 Excise = 10 VAT = 11 121 Tax Invoice (B) Cost = 100 Value = 110 Excise = 11 CST = 2.42 123.42 Tax Invoice (C) Cost = 126.42 Value = 139.06 VAT = 13.91 152.97 Central Tax = 11 ( 10 + 1) Entry Tax = 3 State Tax (X) = 11 - Refund Claim

GST Scenario (Inter State Trade of Service):

GST Scenario (Inter State Trade of Service) State Tax (Y) = 12.10 ( 2.20 + 9.90**) SGST = 10 SGST = 12.10 ITC = ( 9.90) 2.20 CGST = 10 IGST = 22 CGST = (10) SGST = (10) 2 Tax Invoice (A) Value = 100 CGST = 10 SGST = 10 120 Tax Invoice (B) Cost = 100 Value = 110 IGST(20%) = 22 132 Tax Invoice (C) Cost = 110 Value = 121 CGST = 12.10 SGST = 12.10 145.20 Central Tax = 12.10 ( 10 + 2 + 10* - 9.90**) State Tax (X) = 0 ( 10 - 10*) CGST = 12.10 IGST = (12.10) 0

Comparison (Trade of Goods):

Comparison (Trade of Goods) S. No. Particular Intra State InterState Present GST Present GST 1. Initial Value 121.00 120.00 121.00 120.00 2. Centre’s Tax 11.00 12.10 11.00 12.22 3. State (X)’s Tax 13.31 12.10 11.00 1.10 4. State (Y)’s Tax - - 16.91 12.22 5. State’s Total 13.31 12.10 27.91 13.32 6. Total Tax paid to Govt. 24.31 24.20 38.91 –Refund Claim 25.54 7. Non - Vatable Tax borne by Business 11.00 0.00 25.00 1.10 8. Final value paid by Consumer 146.41 145.20 152.97 146.65

Comparison (Trade of Service):

Comparison (Trade of Service) S.No . Particular Intra State Inter State Present GST Present GST 1. Initial Value 110.00 120.00 110.00 120.00 2. Centre’s Tax 11.00 11.00 12.10 12.10 3. State (X)’s Tax 0.00 11.00 0.00 0.00 4. State (Y)’s Tax - - 0.00 12.10 5. State’s Total 0.00 11.00 0.00 12.10 6. Total Tax paid to Govt. 11.00 22.00 12.10 24.20 7. Non - Vatable Tax borne by Business 0.00 0.00 0.00 0.00 8. Final value paid by Consumer 121.00 132.00 133.10 145.20

Thank You Corporate Office Address   AKGVG & Associates 307, Pearl Corporate, Mangalam Place Sector-3, Rohini, New Delhi, India - 110085 Contact No - +91- 9811118031 Email ID - info@akgvg.com Web. http://www.akgvg.com/index.php/gst-implementation.html :

Thank You Corporate Office Address   AKGVG & Associates 307, Pearl Corporate, Mangalam Place Sector-3, Rohini , New Delhi, India - 110085 Contact No - +91- 9811118031 Email ID - info@akgvg.com Web. http://www.akgvg.com/index.php/gst-implementation.html

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