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THE NATIONAL DEGREE COLLEGE

(AUTONOMOUS)

BASAVANAGUDI, BANGALORE-04

A SEMINAR REPORT ON
“OVERVIEW ON GOODS AND SERVICE TAX”
SEBMITED BY:
AVINASH G 14NCBM1016
PREETHAM G JAMADAGNI 14NCBM1091

Guided By
Prof. NAMRATHA D B
M.Com, M.B.A, B’ed
Assistant Professor
Commerce Department
National Degree College, Basavanagudi-04
THE NATIONAL DEGREE COLLEGE
(AUTONOMOUS)

BASAVANAGUDI, BANGALORE-04

CERTIFICATE
This is certified that the seminar on “OVERVIEW ON GOODS AND SERVICE TAX” is
carried out by team member’s Avinash G, Preetham G Jamadagni students of “The National
Degree College (Autonomous) Bangalore in partial fulfillment for award of Degree of Bachelor
of Commerce in B.COM course in the college during the year 2017-18. The seminar report has
been approved as it satisfies the academic requirement in respect of project work prescribed for
the said Degree.

Signature of Guide Signature of HOD


Prof. NAMRATHA D B DEPT. OF COMMERCE
M.Com., M.B.A, B’ed. THE NATIONAL DEGREE COLLEGE
Assistant Professor
Commerce Department
National Degree College
Basavanagudi-04
_____________________________
SIGNATURE OF PRINCIPAL
THE NATIONAL DEGREE COLLEGE, BASAVANAGUDI
THE NATIONAL DEGREE COLLEGE
(AUTONOMOUS)

BASAVANAGUDI, BANGALORE-04

GUIDE CRETIFICATE

This is to certify that this project titled by “OVERVIEW ON GOODS AND SERVICE TAX “,
Avinash G and Preetham G Jamadagni Final year B.Com, students of National Degree
College, was under my guidance and that it has not found the basis award of any Degree in any
other Institute of University.

Place:

Date:

Signature of Guide Prof. NAMRATHA D B


M.Com, M.B.A, B’ed
Assistant Professor
Commerce department

National Degree College

Basavanagudi-04
THE NATIONAL DEGREE COLLEGE
(AUTONOMOUS)

BASAVANAGUDI, BANGALORE-04

STUDENT DECLARATION

I hereby declare that this project titled “OVERVIEW ON GOODS AND SERVICE TAX
“submitted by our team to the department of commerce, National Degree College in partial
fulfilment of requirement of BACHELOR OF COMMERCE program in bonafied work carried
me under the guidance of Prof. NAMRATHA D B, This has not been submitted earlier to any
other university or institution for the award of any degree certificate or published any time
before.

Group Members Signature

1. AVINASH G
2. PREETHAM G JAMADAGNI
THE NATIONAL DEGREE COLLEGE, BASAVANAGUDI
ACKNOWLEDGEMENT

The Satisfaction and euphoria that company the successful completion of any task would be
incomplete without the mention of people who made it possible, whose contact guidance and
encourage crowned our efforts with success.

The “OVERVIEW ON GOODS AND SERVICE TAX” seminar report was developed using
“Microsoft word”. Our tribute goes to all who helped us, with their precious comments and
feedbacks, edits and suggestions.

Firstly, we thank the Principal, The National Degree College, Basavanagudi for giving us an
opportunity to carry on this seminar work in this great institution and also for his encouragement
throughout tenure of this report work.

Secondly, The HOD of the department of commerce and the entire faculty who served us a
technical editor for this seminar report, lectures toughness, timely assistance and advice were
very helpful.

Thirdly, we greatly convey our thanks to our guide Aparna M Joshi, lecture of commerce for
guiding us throughout this study and also interacting with her had a great influence on the
understanding of this topic and also the final form of report.

Finally, we would like thank other faculty members, friends who has been directly or indirectly
involved in over seminar.

Name Register Number Signature

Avinash G 14NCBM1016

Preetham G Jamadagni 14NCBM1091


INDEX

1. History.............................................................................................................................2
2. G.S.T………………………………………………………………………………….3-5
3. Objective of G.S.T………………………………………………………………….......5
4. Dual Model……………………………………………………………………………..6
5. Salient Features……………………………………………………………………….7-8
6. Needs………………………………………………………………………………....9-12
7. Importantance of G.S.T to the Economy…………………………………………....13-14
8. Various Impact and benefits…………………………………………………….......15-17
9. Impact of G.S.T……………………………………………………………………..18-20
10. List of exempted of G.S.T…………………………………………………………….21
11. Administration………………………………………………………………………...22
12. Implementation………………………………………………………………………..23
13. Disadvantages…………………………………………………………………………24
14. Situation were refund would arise…………………………......................................25-26
15. Refund process………………………………………………………………………..26
16. Road map……………………………………………………………………………..27
17. Challenges of G.S.T………………………………………………………………......29
18. Report and Implementation…………………………………………………………30-39
19. G.S.T in other countries……………………………………………………………..40-42