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GST PPT – Presentations on Goods & Service Tax

Updated on : Feb 8th, 2023

GST – The Goods and Services Tax – is the mother of all tax reforms in India. It is crucial for all businesses to understand the implications of GST on their brands. Since GST is a new law and crucial processes like return filing and invoicing have been changed, it is even more important that business owners and tax professionals understand the nuances of these new laws so that they can be GST-compliant.

As the wise men once said, being forewarned is being forearmed. If you have been looking for the right information on GST in the form of easy-to-understand GST PPT, you will find the following presentations created by our experts helpful and informative. Peruse these GST PPTs at your own time to understand the intricacies of GST procedures and processes. For more, you can also read our expertly-written blogs, or drop us a line so we can get back to you. Happy learning!

PPT 1 : GST Overview

By now you know that GST is the biggest tax reform India has seen since Independence. What makes it such a big deal? And what are the ways in which it would impact your current business? This GST PPT helps you familiarize yourself with the basics of the new tax system – how and when it is levied, what are its various components, and the future implications.

GST Overview – Know about Goods and Service Tax in India

PPT 2: GST ITC

ITC (Input Tax Credit) is the backbone of the GST taxation system. One of the reasons why GST is beneficial for businesses is because it will help them claim ITC seamlessly and in a more efficient manner than in the previous regime. However, there are certain conditions associated with a successful ITC claim. This GST PPT can help you understand those in detail.

GST Input Tax Credit

PPT 3: GST TRANSITION PROVISION

Businesses transitioning from VAT to GST need to follow certain guidelines, as laid out in the GST Law. By following these, businesses will be able to migrate to the new tax structure easily, and also claim ITC on the closing stock available from the previous regime. To learn more about transition provisions, please go through this GST PPT which lays out the rules in detail.

Transitional Provision Under GST

PPT 4: Guide on GSTR 3B

GSTR 3B is a simple return form introduced by the CBEC for the month of July and August. You must file a separate GSTR 3B for each GSTIN you have. To learn more about GSTR 3B Return Filing, Format, Eligibility & Rules, please go through this GSTR 3B PPT.

GSTR 3B Guide – ClearTax

Create GST Invoices in Excel with ClearTax GST Offline Software

ClearTax GST Offline is a “no-internet” billing software which works in MS Excel. You can create Free invoices and file returns on ClearTax GST with a single click. For lakhs of SMEs in India who do not have access to the internet, the ClearTax GST Offline tool is the easiest way to create invoices and file returns.

Cleartax GST Offline Guide

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Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.

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PPT on Goods and Services Tax (GST) in India

CA Preeti Goyal

♦ GST is a tax on goods and services with comprehensive and continuous chain of setoff benefits from the Producer’s point and Service provider’s point up to the retailer level.

♦ GST is expected be levied only at the destination point, and not at various points (from manufacturing to retail outlets). It is essentially a tax only on value addition at each stage and a supplier at each stage is permitted to setoff through a tax credit mechanism which would eliminate the burden of all cascading effects, including the burden of CENVAT and service tax.

♦ Under GST structure, all different stages of production and distribution can be interpreted as a mere tax pass through and the tax essentially sticks on final consumption within the taxing jurisdiction.

♦ Currently, a manufacturer needs to pay tax when a finished product moves out from the factory, and it is again taxed at the retail outlet when sold. The taxes are levied at the multiple stages such as CENVAT, Central sales tax, State Sales Tax, Octroi, etc. will be replaced by GST to be introduced at Central and State level.

♦ All goods and services, barring a few exceptions, will be brought into the GST base. There will be no distinction between goods and services.

♦ Under GST, the taxation burden will be divided equitably between manufacturing and services, through a lower tax rate by increasing the tax base and minimizing exemptions.

♦ However, the basic features of law such as chargeability, definition of taxable event and taxable person, measure of levy including valuation provisions, basis of classification etc. would be uniform across these statutes as far as practicable.

♦ The existing CST will be discontinued. Instead, a new statute known as IGST will come into place on the inter-state transfer of the Goods and Services.

♦ By removing the cascading effect of taxes (CST, additional customs duty, surcharges, luxury Tax, Entertainment Tax, etc. ),CGST & SGST will be charged on same price .

To Read More Download PPT on GST in India

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16 Comments

Nowadays, collecting Form-C & other concessional tax forms are a major challenge for a seller. In the new GST regime whether the same kind of concessional taxes are allowed for buyer, if yes whether the current scenario continues, if No, what is the proposed alternate system for concessional tax billings?

Very informative PPT

Is it mandatory to register both under CGST and SGST

The Basic GST concepts have been very clearly explained unlike as seen in many other articles -Really appreciated!

But one doubt ..In Slide 10 ,its mentioned CGST,SGST cross utilization “be allowed” which seems contradicting to whats meant in the other slides..Is that a typo error ??

“..2.Cross utilization of ITC between the Central GST and the State GST would, in general, be allowed. ”

Did you mean “Not be allowed”? Please clarify, Thanks.

I thought PPT

this article helps me a lot to understand GST

it is awesome….realy your article redefined my concepts on GST.

this article give a lot of information

Hello, Mr. Sugumar,

Right now govt. has proposed only the concept of GST, detailed tax structure via bill/budget is yet to be place in parliament then only we would be able to know the tax rate, chapter heading and other taxation provision.

informative article

Nice article

very knowledgeable article.

We manufacture masala items like Rasam Powder, Sambar powder, Chicken and Mutton Masala Powder. I would like to know whether we have to pay excise duty. If so this comes unders which chapter heading?? Also I would like to know whether we can pay compounded duty in case we do not want to take cenvat credit.

Hello, MR.Swaraj Kumar

Please find below reply for your queries

1.I found that SGST input can be be set off against on IGST Output and CGST Output Refer Slide 11. 2.Cross utilization of ITC between the Central GST and the State GST would, in general, be allowed. Refer slide 10 – See more at: https://taxguru.in/goods-and-service-tax/ppt-goods-services-tax-gst-india.html#comments

Reply:As per the proposed model of GST…..Both CGST and SGST would be levied at inception point itself by the Assessee (Mr.X). For interstate transaction along with the CGST and SGST, IGST would also be levied and paid by the Assessee (Mr.X) . An Assessee (MR.Y) who will receive the invoice of IGST paid (Paid by Mr. X) transaction would be eligible to take set off of this tax on his further transaction on which he (MR.Y) would be paying CGST and SGST.

It can be concluded that SET-off via cross utilization of taxes will be allowed in below given manner

SGST-IGST-yes CGST-IGST-yes SGST-CGST and vice-a-versa-NO

I hope this clarifies your query

In your Presentation can you explain me the following point

1.I found that SGST input can be be set off against on IGST Output and CGST Output Refer Slide 11 2.Cross utilization of ITC between the Central GST and the State GST would, in general, be allowed. Refer slide 10

can you Briefly explain this point  

Yes, Mr.Ashok Aggarwal, I fully agree with you.

I am not able to understand how the Govt. body is claiming that they are going to reduce the tax burden.Only the lower tax rate can reduce the tax burden,which is not possible in Indian economy.

Although tax collection mechanism will be more transparent but it will definitely increase the tax and compliance burden of an genuine tax payer.

I have had opportunity of discussing GST with officers in Central Excise department as well as officers in Commercial Tax departments of states. Nobody is clear as to who will do what and what will be the procedures of collection. The biggest problem faced by the trade & Industry today is handling various agencies in tax departments and multiplicity of assessment/ audit/ enforcement etc. If they will have to deal with the same agencies even after GST replaces present system, what relief will be there for trade & industry.

Today a Trader has to deal with only Commercial Tax authorities, afterwards they may have to deal with authorities handling CGST and those handling SGST. The complexities of IGST will add to their woes.

Central Excise duty and Additional duty of Customs are levied only once and at the time of removal from factory or clearance from customs respectively but in the new regime these duties will also be levied on value additions in each transaction.

Let us hope the Union and State Governments keep these aspects in mind before implementing new tax regime.

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Agenda of new gst return.

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4.) Intended benefits on New return.

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Understanding GST Returns: Intent, Types and Purpose

New GST Returns: Types and Main Features

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Intended Benefits on New Return

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GST - Basic Concepts

Apr 05, 2019

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GST - Basic Concepts. This presentation is designed to highlight the main principles and by its very nature it is simplified and generalised in nature. When considering any transaction, in particular, an unusual transaction either due to its nature, value or complexity seek advice. .

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GST - Basic Concepts This presentation is designed to highlight the main principles and by its very nature it is simplified and generalised in nature. When considering any transaction, in particular, an unusual transaction either due to its nature, value or complexity seek advice.

GST - Introduction • GST is a transaction based consumption tax whereby the final tax payable is borne by the consumer not by the producer. • Each transaction has a GST interpretation and classification aspect. • It is a tax on the production cycle where at each point of the production process if there is a value added component GST can be raised. • The main issues for the producer are cashflow planning & getting the classification and recording of transactions correct to ensure GST compliance • The producer collects & remits the net GST to the ATO – in effect, each enterprise is a tax collector. • GST covers more than goods & services – it covers real estate, creation of legal rights, entitlements to intangible assets and rights, plus goods & services. • Goods are defined as: any form of tangible personal property. ( section 195-1 ) • Service not defined in the GST legislation – generally: any supply which is not a tangible good. A service is the completion of some task, function or work involving direct human intervention. Eg doctor performing an operation or a lawyer drafting a contract.

Question 1 RMIT as you may know does not pay income tax and someone asks you the following question: My school rents a car space on a monthly basis to a RMIT academic for $200 per month and raises an invoice for that amount. Do we raise GST on the invoice & if so how much?

Question 2 RMIT sold a terrace house it owned in Cardigan Street Carlton, it was being rented out as a residential property since about July 2001 when RMIT first acquired it. Initially RMIT was going to redevelop the property and the adjacent sites, which RMIT also owned into student accommodation, but there was a change of plans and the house was no longer needed so it was sold for $550,000. How much GST due on the sale?

Question 3 RMIT is to establish a medical centre open to staff, students and residents of CBD Melbourne. The first patient has a tattoo removed and the doctor bills the patient $110. How much GST is liable on the service?

Question 4 Carol the carpenter repairs a partition and sends an invoice to RMIT for $88. How much GST can RMIT claim back as input tax credit?

Question 5 A school at RMIT has to buy a piece of equipment but does not have the funds to so and has to arrange a bank loan. The bank charges a fee of $1100, including GST, as a borrowing fee What are the GST implications of this transaction?

Question 6 • RMIT has been engaged to undertake consulting work and provide advice on how an overseas company can get Australian government approval so that its aircraft can fly in Australia. • The consulting and research work is carried out in Australia, the aircraft are located overseas. • The contract has been drawn up with the provision that the “project cost is inclusive of GST”. The first invoice is due to be raised for $20000 – how much GST should be raised and why?

First principals - GST Supply • GST Charged & collected if– You make a taxable supply which is: 1. a supply for consideration (ie in exchange for something of value ) 2. made in the course or furtherance of an enterprise 3. supply connected with Australia 4. registered or required to be registered And Not a taxable supply to the extent it is GST free or input taxed. Supply widely defined to include goods and services, assignments, grants. rights, obligations and financial supply etc section 9-10(2)

First principles – GST Free 1.Main ones: • Education provided by a registered provider • Medical – ( generally eligible for Medicare rebate ) • Child care services • Exports • Basic food – meaning in general ‘raw’ food products available for human consumption eg. vegetables 2.Others – you may encounter • Religious services • Water, sewerage and drainage • Crown & farm land • Some activities of charities 3. Others – infrequently encountered • cars for the disabled • sale of business • inbound duty free shop sales etc

First principles - GST Free Classification • Why is the classification important: • If GST free sale/ supply do not raise GST but can claim input credits on the acquisitions to generate the supply. • So RMIT, which supplies mainly education services, which are GST free, can claim back the GST it pays, for example, on the computers acquired to generate education courses.

First Principles - Input taxed supplies Recall the basic tests for assessing whether GST on a supply was to be raised excluded GST free and input taxed supplies. What are Input taxed supplies? Main ones: Financial supplies Supply of residential rental property Sale of established residential property

Distinction between GST Free & Input Taxed • If GST free can claim input tax credits on inputs to generate outputs, in contrast if it is an input taxed supply can not claim input credits associated with generating those type of supplies/sales and can not raise on GST on the supply. GST free = can claim input tax credits Input taxed x can’t claim input tax credits

Input Tax credits v Input taxed supply We have looked at input taxed supply – a supply on which no GST is payable and the supplier can not claim input tax credits. What are input tax credits? Input Credits: relate to goods & services used to generate income or outputs. Sales or outputs have GST collected by the enterprise, conversely the enterprises get a credit or offset on the GST they pay for those items acquired to operate. eg: power, rent, computers, advertising etc

GST calculation summary – BAS Summary

Net GST Result In this simple example, the business may have generated a loss for the period, but it generated a net GST refund of: GST collected 400 Less Inputs tax credits -7750 Net refund (7350) This result is typical for RMIT so it is important, given that the main sale/output of RMIT is GST free education, to correctly identify, classify and record the input side of transactions from a GST perspective at the school/portfolio level. At the central FS level, more emphasis that both the inputs and outputs need to be equally considered since revenue grants from the State/Federal government plus other revenue sources are received by RMIT rather than by the school or portfolio.

1 – Grants • Grants • Donations • Appropriations • Sponsorship • Gifts In general these will be GST free as there is no payment in return for a service or good. A donation or gift is given for the purposes of benefaction or helping someone without any expectation of receiving something in return. A gift of books from a book publisher to the library is GST free. A grant from Big metal Ltd given to the Engineering faculty to study a new metal fabrication process they have developed and to prepare a report with recommendations, analysis and which then becomes the exclusive property of Big Metal Ltd. This is not probably not a gift but a fee for service and so subject to GST.

Question - Grants Read the attached AACMA document dated 28.08.06 & RMIT invoice: How would you record the transaction & why? Now consider the AACMA document dated 31.12.07

AACMA Invoices

Grant Decision Tree

2. Fringe Benefits Tax - FBT • As you may recall RMIT does not pay income tax but as an employer is subject to FBT which is a tax paid by RMIT in respect of benefits provided to RMIT employees ( or relatives family members, called associates, of employees ) • Expenses which are not deductible such as outputs subject to FBT are not deductible. • Entertainment: • The general rule/test is: The test for claiming GST input tax credit is whether the expenditure was incurred in furtherance of an enterprise. Non-deductible expenditure do not give rise to input tax creditable acquisitions. Conclusion: If an item is subject to FBT it is non-deductible for income tax purposes ( not incurred in furtherance of an enterprise ) and as a result not eligible for claiming GST credits.

Examples of FBT expenses & GST Impact • Example 1: an RMIT employee taking three clients out to lunch, alcohol served, at a cost of $400 including GST, the following is acceptable in terms of which entries to post based on the current chart of accounts: - $100 Entertainment & Hospitality (FBT) - GST (account 556352) - $300 Hospitality & Meeting No FBT - No GST (account 553301) • Example 2: Alternatively if the cost was say $200 ( the $300 minor benefit and the irregular and/or infrequent exemption may apply), could post the total expense to $200 Hospitality and Meeting No FBT - No GST (account 553301) This assumes it is difficult or impractical to somehow apportion the costs between the RMIT employee and the clients - & that the expenditure was unexpected and a once –off.

GST Impact of FBT Expenses • Entertainment • Motor vehicle • Travel – eg. academic goes overseas to a run a course for 2 weeks and adds 2 weeks of holiday: there may be a benefit. • Residual & Property benefits • The main RMIT employee provided benefits are: Entertainment is the item you will most frequently encounter and in total dollar terms is significant, so this is what we shall examine.

Entertainment Income Tax Act defines: “Entertainment by way of food, drink, or recreation, or accommodation or travel to do with providing such entertainment.” So it is: Something pleasurable, a diversion not related to completion of a work obligation or task. Basic questions / tests - will assist in determining whether or not entertainment: Why was expenditure incurred? When during work hours or after? Who RMIT employees &/ or third parties/RMIT clients Where at RMIT or off-campus?

Tax Ruling – TR 97/17 RMIT is a tax exempt entity & the entertainment it provides falls under specific requirements tests: Minor benefits – ( non-entertainment ) <$300 no FBT If benefit is irregular, unexpected and or difficult to value Eg; taxi home after working back late one night then minor benefit Minor benefits – (entertainment ) <$300 no FBT if meet two further alternate tests: ( section 58P(1) 1. RMIT employee’s entertainment is incidental to the entertainment of outsiders & consists of a light meal/refreshments or 2. ‘entertainment’ on RMIT premises to recognise the special achievements of an employee eg promotion or working 30 years+ at RMIT.

Entertainment examples • Example 1: an RMIT employee taking three clients out to lunch, alcohol served, at a cost of $400 including GST, the following is acceptable in terms of which entries to post based on the current chart of accounts: - $100 Entertainment & Hospitality (FBT) - GST (account 556352) - $300 Hospitality & Meeting No FBT - No GST (account 553301) • Example 2: Alternatively if the cost was say $200 ( the $300 minor benefit and the irregular and/or infrequent exemption may apply), could post the total expense to $200 Hospitality and Meeting No FBT - No GST (account 553301) This assumes it is difficult or impractical to somehow apportion the costs between the RMIT employee and the clients - & that the expenditure was unexpected and a once –off.

FBT Entertainment

Question - 7 You are asked the following question. A RMIT staff member is given a corporate card and on their first overseas trip spend $44,000. Airfares - $11,000 Accommodation - $ 22,000 Meals - $ 11,000 One meal by itself was $3,300 including wine, beer, spirits and entertainment. How is the transaction recorded and what is RMIT tax position?

Question - 8 You are asked the following question: My school purchases wine in bulk this is consumed on site during various functions – farewells, presentations by clients, staff meetings & other seminars. What are the FBT & GST implications? How should it be treated and recorded?

Question 9 An academic and staff member get an employer provided fringe benefit, they each make an employee contribution to offset the FBT cost, they pay $1000 each. What are the GST implications of these payments?

Possible answers to questions 1. Car park is subject to GST – slide 8 2. Input taxed - slide 11 3. GST = $6 removal of tattoo currently not subject to Medicare rebate . Medical service means: (a) a service for which medicare benefit is payable under Part II of the Health Insurance Act 1973; or (b) any other service supplied by or on behalf of a *medical practitioner or *approved pathology practitioner that is generally accepted in the medical profession as being necessary for the appropriate treatment of the *recipient of the supply. 4. Nil – question states an ‘invoice’ not a ‘tax invoice’, therefore the inference is that Carol is not registered for GST. 5. Financial supplies are input taxed see slide 11 – however there are particular rules which can allow input credits to be claimed provided minimum thresholds are met - less than $50,000 or less than 10% of the total input credits for that year. In general, claim all financial supply input credits, including in this example. 6. Nil – service is provided to an overseas entity and is not connected property located with Australia, therefore the supply not connected with Australia and so not subject to GST. 7. Probably require further info. On current info: - no GST as all related to overseas therefore not connected to Australia – slide 8 8. Probably subject to FBT and so no GST input tax credits - slide 21. 9. employee contributions are subject to FBT - $1000/11 = $90.91

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