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  • Goods/Service Price of Goods/service GST: Government

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    Ayushi Mehta
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    The document discusses the Goods and Services Tax (GST) system in India. It shows how GST is collected at each stage of the supply chain from suppliers to consumers. The final cost to consumers includes GST as input tax credit is not available to consumers. It also outlines a basic SWOT analysis of GST, noting strengths like simplified tax collection and removal of cascading taxes, as well as weaknesses like increased operating costs and the potential for complications in billing and reconciliation.

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    The document discusses the Goods and Services Tax (GST) system in India. It shows how GST is collected at each stage of the supply chain from suppliers to consumers. The final cost to consumers includes GST as input tax credit is not available to consumers. It also outlines a basic SWOT analysis of GST, noting strengths like simplified tax collection and removal of cascading taxes, as well as weaknesses like increased operating costs and the potential for complications in billing and reconciliation.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    21 views7 pages

    Goods/Service Price of Goods/service GST: Government

    Uploaded by

    Ayushi Mehta
    The document discusses the Goods and Services Tax (GST) system in India. It shows how GST is collected at each stage of the supply chain from suppliers to consumers. The final cost to consumers includes GST as input tax credit is not available to consumers. It also outlines a basic SWOT analysis of GST, noting strengths like simplified tax collection and removal of cascading taxes, as well as weaknesses like increased operating costs and the potential for complications in billing and reconciliation.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 7

    Goods/Service

    Price of goods/service

    GST

    Supplier of Goods and Services Receiver of Goods/Services


    Government

    GST

    Goods/Service
    GST
    Price of goods/service

    Supplier of Goods and Services Receiver of Goods/Services Government


    Cost 900 Cost 1000 Cost 1100 Cost (1200+144) 1344
    Profit 100 Profit 100 Profit 100
    The final cost for consumer is
    Selling Price 1000 Selling Price 1100 Selling Price 1200
    inclusive of GST as the
    GST Liability @12% 120 GST Liability @12% 132 GST Liability @12% 142
    consumer cant avail the ITC
    GST Payable (132-120) 12 GST Payable (144-132) 12
    Rising incomes
    driving
    purchases

    Greater Desire to
    awareness of experiment with
    products/brands brands/products

    FMCG growth
    is a function
    Increasing of: Evolving
    consumer consumer
    demand lifestyles

    Availability of
    New Product
    online channels
    Launches
    to shop
    Type
    FMCG
    title
    Segment
    here
    s

    Packaged Food
    Procurement
    Inputs Production Processing Retailing
    and Storage

    Key Farmers, Warehouse, cold Grading, sorting, Seeds, Fertilizers


    Seeds, Fertilizers,
    Activities cooperatives and storage milling, packing
    Farm equipment
    farming companies

    Major FCI, NCMSL ITC, Cargill, Adani


    National Seed Pepsi, ITC Future Retail, Aditya
    Players Group
    Corporation Birla group
    Limited, Cargill, etc.
    over 800 SKUs
    weight happened for
    Changes in Prices and
    almost 10 languages
    given in newspapers in
    Visibility of price change
    Extensive Visibility

    New Networks
    Changes made by HUL

    Business Perspective
    Consumer Perspective
    High Volumes
    Low price
    Low margins
    Quick consumption
    Wide distribution
    Short shelf life
    network
    Frequent purchase
    High stock turnoverr
    printed stocks
    consumers even on existing pre-
    passed on the price benefit to
    More than 1 Million distributors
    Implemented Quickly
    with immediate effect- this was
    the price benefit to consumer
    Modern trade advised to pass on
    Communication
    Trade Action and

    Change in Pricing Change in Quantity

     Ponds White Beauty from 79 to 64  Clinic Plus Shampoo Sachet from 6gms to
     Surf Excel Blue powder from 56 to 52 7gms
     Instant Coffee Bru from 98 to 85  Wheel Green Powder from 170gms to 180gms
     Vim bar from 80gms to 90gms
    Strengths
    Weakness
    Simplification of tax collection
    Increased operating cost of Business
    Removal of cascading effect of tax
    More taxes should be included
    Uniformity across the country
    Technology based system
    Less paper work
    It leads to complicated billing and
    Transparent and Accountable System
    reconciliation.
    Easy flow of resources across countries
    Applied to all goods and services except the
    exempted products

    SWOT
    Opportunity Analysis Threats
    Indian revenue system can be corrupt free It cannot eliminate black money and tax
    Increase in GDP evasion completely.
    Boost foreign investments Influenced by political parties.
    Generation of employment opportunities Compensation will be given by the
    Reduction of tax burden of consumers Government to loss making states for 5 years.
    Interstate supply of goods is counted as
    import and IGST is charged (1%) in addition
    to custom duties.

    30 28

    20 20 20
    20
    15

    10 10
    10
    7
    6
    5

    0
    India France UK Ukraine New Australia Veitnam Singapore Malaysia Canada
    Zealand

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