SUMMER INTERNSHIP REPORT

ON
“GOODS AND SERVICES TAX PRACTICES’’
AT
ORBIX INTERNATIONAL

(From September 05, 2023 to October 25, 2023)

A report submitted in partial fulfillment of the requirements for the Award of Degree of
BACHLOR OF COMMERCE

SUBMITTED BY:

AMOLI SRIVASTAVA
Roll no. 212032010015
Semester-Vth

DEPARTMENT OF COMMERCE
MAHARANA PRATAP GOVERNMENT PG COLLEGE
HARDOI
(UNIVERSITY OF LUCKNOW, LUCKNOW)
Session: 2023-2024
 OrbixInternational
497/33I.TCrossing,Lucknow,UttarPradesh
orbixinternationalind@gmail.com|https://orbix.in|@orbixinternational

DearAmoliSrivastava

September
Wewouldliketocongratulateyouonbeingselectedforthe
03,2023
InternAccountantwiththeteamOrbixInternational,effectivefrom05Sep.2
023.Allofusat OrbixInternational
areexcitedthatyouwillbejoiningourteam!

Aswe discussedduringtheinterviewprocess,thisis anon-

AMOLI paidInternshipduringwhichyouwillbeexpectedtoprovideworkaspergiven
SRIVASTAVA timeline.Youmightbeawardedwithdifferentperkstooifyourperformances
peaksloudly.
Address: -294/A
LAXMI PURWA ThisInternshipisaneducationalopportunityforyouandaPartTimeInternship
HARDOI, UTTAR
.Assuch,yourinternshipwilltraining/
PRADESH
orientationandfocusprimarilyonlearninganddevelopmentnewskillsandgai
ningadeeperunderstandingofconceptthroughhands-
onapplicationoftheknowledgeyoulearntinclass.

ThisInternshipaddsadvantages
oftakingleaveduringmedicalemergenciesoruncertainties.Incaseofca
ncellationofInternshipunderanysituationyouhavetoyourrespectivesu
pervisor.

Again,congratulationandwelookforwardtoworkwithyouthiscomingte
nureofInternAccountant(45Days)

Sincerelyyours,

SukritDwivedi
(CharteredAccountant)
 TABLEOFCONTENT/INDEX

SR. PARTICULARS PAGENO.

NO.

1. Preface 1
2. CompanyProfile 2–4
3. Introduction 5–6
4. ObjectivesOfStudy 6
5. ScopeOfStudy 7
6. NeedOf Study 8
7. ContributionDuringSip 9
8. HistoryOfGST&It’sTypes 10–22
9. GSTReturns 23–30
10. GSTRegistration&E-InvoicingUnderGST 30–52

11. InputTaxCredit&FileGSTR-1 52–57

12. Limitations 58
13. Findings 59
14. Conclusion 60
15. Bibliography 61
 PREFACE
This is an internship report of 45 days for the motto of
learning an in demand skill from the comfort of your
home with Next Accounting Services which bring us
the training program specially designed for Commerce
and Management Students who can learn basic aspect
of commerce and accounts being used in various
organization. It has been prepared to fulfil the
requirements of B.COM Degree. The timings of the
Internship were consistent with the suitability of the
scholars and it had been from Monday to Saturday. It
was conducted virtually via platforms like Zoom and
Google Meet. During this Internship, the precise area
of focus was to be a “knowledgeable skepticism”. The
Internship Programmed has been very fruitful for me
and as an intern; I got an in-depth knowledge of
software GST, ITR, Invoice, E- filing, Tally and more.
The main objective of the report is to study the impact
of GST on different businesses and the changes
occurred from the implementation of GST and their
effects. This report consists of overview of my
internship days, Objectives of the study, Need of
study, Scope of study, Contribution during sip, Gst
registration and how to file Gstr- 1, E- invoicing under
GST, Limitations of the study, and the summary of
findings and conclusion. This is all about my
internship report which mainly focuses on learning
skill with Orbix International.
 ORBIXINTERNATIONAL

ABOUTCOMPANY
Orbix International was founded to give United State &
Indian Accounting firms, Businesses and Financial advisors
access to accounting solutions that are dependable, cost
effective and scalable.

By connecting the latest technology with efficient labour,

Orbix International strives to change the landscape in which
SME’s operate in this country. We’re passionate about best
practice, offering a value-driven solutions approach,
whether you’re an Accountant, Business Owner or Financial
Adviser.

We are always striving to achieve more for our clients,

suggesting changes and improvements wherever possible.

Companies with a mission to provide training to Indian

graduates to compete in the global job market and create
job opportunities while focusing on their learning and
development are often involved in skill development and
education sectors. These companies are dedicated to
enhancing the employability of Indian graduates and
contributing to the growth of the workforce.
 ORBIX INTERNATIONAL VISION
 "To be the foremost tax and accounting firm in our
region, renowned for our unwavering commitment to
accuracy, innovation, and client success. Our vision is to
simplify complex financial matters, provide strategic
tax solutions, and empower our clients to achieve their
financial goals, while fostering a culture of continuous
learning and professional growth within our firm."

 This vision statement reflects the firm's commitment to

excellence,client-centric approach, and its aspiration to
be a leader in the tax and accounting industry. It also
emphasizes the importance of a positive and growth-
oriented internal culture.
MISSION
 "Our mission is to provide exceptional tax and
accounting services with integrity, precision, and a
client-focused approach. We are dedicated to
simplifying the complexities of financial matters,
optimizing tax strategies, and delivering reliable
financial insights to empower our clients. Through
ongoing education and a commitment to
excellence, we aim to build lasting relationships
and contribute to our clients' financial success."

 This mission statement reflects the firm's values,

its clientcentered approach, and its commitment
to professionalism and ethical conduct in the tax
and accounting industry.
 CAREER WITH ORBIX
INTERNATIONAL
 If you’re an accounting professional looking to
establish your career, then Orbix International is
the place for you. You could be a commerce
graduate or be studying for your CMA/Inter CA.
Maybe you are a marketing professional or a data
entry specialist. Regardless of your specialty, at
Orbix International we will help you be the best.
With a strong focus on learning and development,
you will gain valuable industry experience so you
can achieve your goals.

 Overall, Orbix International seems to be

positioning itself that values talent and is willing
to invest in the growth and development of its
graduate. If you are considering a career in
accounting and align with their mission and
values, it may be a place worth exploring for your
professional journey.

 The promise of gaining valuable industry

experience suggests that Orbix International
provides opportunities for hands-on learning and
exposure to real-world accounting and financial
tasks.
 INTRODUCTION
In any Welfare State, it is the prime responsibility of the
Government to fulfill the increasing developmental needs of the
country and its people by way of public expenditure. India,
being a developing economy, has been striving to fulfill the
obligations of a Welfare State with its limited resources; the
primary source of revenue being the levy of taxes. Though the
collection of tax is to augment as much revenue as possible to
the Government to provide public services, over the years it has
been used as an instrument of fiscal policy to stimulate
economic growth. Thus, taxes are collected to fulfill the socio-
economic objectives of the Government.
 OBJECTIVES OF STUDY
 It helps create a common market in India with a uniform
taxation system and curb tax evasion in the country. The laws
for GST are far more stringent compared to the erstwhile
indirect tax laws. The aim is to have a nationwide surveillance
system under GST, making it easier to catch defaulters and tax
evaders.
 It removes the cascading effect of the indirect taxes on a single
transaction. It also allows the setting off for prior taxes that
are related to the same transactions in the form of the input
tax credit. Under GST, the tax is applicable only on the net
value added during each stage of the supply chain.
 The government aims to reduce the need for multiple
documentation under the previous taxation system by
introducing a consolidated tax like GST. The idea is to help
companies with an uncomplicated tax filing procedure that
will improve their efficiency and cut down the overall costs
associated with business processes.
 It helps to subsume most indirect taxes into a single taxation
system that reduces the burden of compliance for taxpayers
and eases the government’s tax administration process. The
main aim of this taxation system is to simplify the entire
process of paying taxes and simplify compliance. Compared to
the erstwhile indirect taxes, almost the whole GST process,
including registration, returns filing, refunds and e-way bill
generation, has shifted to the online mode.
 SCOPE OF STUDY
 Taxation on Supply: GST is applicable to the supply of
goods and services, including sale, transfer, barter,
exchange, license, rental, lease, or disposal made or
agreed to be made for a consideration. It replaces multiple
indirect taxes like central excise duty, service tax, VAT,
etc..
 Dual Structure: GST in India has a dual structure,
involving both the Central Government and State
Governments. It consists of Central GST (CGST) levied
by the Central Government and State GST (SGST) levied
by the State Governments.
 E-commerce Transactions: GST is applicable to e-
commerce transactions as well. Online platforms that
facilitate the supply of goods or services are required to
collect and deposit GST.
 Compliance and Filing: Businesses are required to
comply with GST regulations, including filing regular
returns and maintaining proper documentation.
 NEED OF SIP

 Need of SIP is to gain inside knowledge

of auditing
 To know working environment of
office.
 To tackle invoice and solve queries of
clients.
 To handle roles and responsibilities in
the company.
 CONTRIBUTION DURING SIP

Following is my contribution of SIP in 45 days :-

 Review of various GST invoices..

 Download GST return file from government website.

 Comparing GST return with invoice.

 Understood various GST slabs.

 GENESIS OF GST IN INDIA
 In the year 2000, the then Prime Minister mooted the concept of GST
and set up a committee to design a Goods and Services Tax (GST)
model for the country. In 2003, the Central Government formed a task
force on Fiscal Responsibility and Budget Management, which in
2004 stronglyrecommended fully integrated ‘GST’ on national basis.
 Subsequently, the then Union Finance Minister, Shri P. Chidambaram,
while presenting the Union Budget (2006-2007), announced that GST
would be introduced from April 1, 2010. Since then, GST missed
several deadlines and continued to be shrouded by the clouds of
uncertainty.
 The talks of ushering in GST, however, gained momentum in the year
2014 when the NDA Government tabled the Constitution (122nd
Amendment) Bill, 2014 on GST in the Parliament on 19th December,
2014. The LokSabha passed the Bill on 6th May, 2015 and RajyaSabha
on 3rd August, 2016. Subsequent to ratification of the Bill
 by more than 50% of the States, Constitution (122nd Amendment) Bill,
2014 received the assent of the President on 8th September, 2016 and
became Constitution (101st Amendment) Act, 2016, which paved the
way for introduction of GST in India.
 In the following year, on 27th March, 2017, the Central GST
legislations - Central Goods and Services Tax Bill, 2017, Integrated
Goods and Services Tax Bill, 2017, Union Territory Goods and
Services Tax Bill, 2017 and Goods and Services Tax (Compensation
to States) Bill, 2017 were introduced in LokSabha. LokSabha passed
these
 bills on 29th March, 2017 and with the receipt of the President’s assent
on 12th April, 2017, the Bills were enacted.
 In the following year, on 27th March, 2017, the Central GST legislations -
Central Goods and Services Tax Bill, 2017, Integrated Goods and Services
Tax Bill, 2017, Union Territory Goods and Services Tax Bill, 2017 and
Goods and Services Tax (Compensation to States) Bill, 2017 were
introduced in LokSabha. LokSabha passed these bills on 29th March, 2017
and with the receipt of the President’s assent on 12th April, 2017, the Bills
were enacted.The enactment of the Central Acts was followed by the
enactment of the State GST laws by various State Legislatures. Telangana,
Rajasthan, Chhattisgarh, Punjab, Goa and Bihar were among the first ones
to pass their respective State GST laws. By 30th June, 2017, all States and
Union Territories had passed their respective SGST and UTGST Acts
except
 GST is a path breaking indirect tax reform which attempts to create.
 VAT and GST are often used inter-changeably as the latter denotes
comprehensiveness of VAT by coverage of goods and services. France
was the first country to implement VAT/GST in 1954. Presently, more
than 160 countries have implemented VAT/GST in some form or the other
because this tax has the capacity to raise revenue in the most
 transparent and neutral manner. Most of the countries follow unified GST
i.e., a single tax applicable throughout the country. However, in federal
polities.
 FRAMEWORK OF GST
AS
INTRODUCED IN INDIA

Dual GST:-

India has adopted a Dual GST modelin view of the federal

structure of the country. Consequently, Centre and States
simultaneously levy GST on taxable supply of goods or services or
both, which takes place within a State or Union Territory. Thus, tax
is imposed concurrently by the Centre and States, i.e. Centre and
States simultaneously tax goods and services. Now, the Centre also
has the power to tax intra-State sales & States are also empowered
to tax services. GST extends to whole of India including the State
of Jammu and Kashmir
 CGST/SGST/UTGST/IGST
GST is a destination- based tax applicable on all transactions involving
supply of goods and services for a
consideration subject to exceptions thereof. GST in India comprises of
Central Goods and Services Tax (CGST) - levied and collected by
Central Government, State Goods and Services Tax (SGST) - levied and
collected by State Governments/Union Territories with Legislatures and
Union Territory Goods and Services Tax (UTGST) - levied and
collected by Union Territories without Legislatures, on intra-State
supplies of taxable goods and/or services. As a general rule, where the
location of the supplier and the place of supply of goods or services are
in the same State/Union territory, it is treated as intra-State supply of
goods or services respectively.
Further, where the location of the supplier and the place of supply
of goods or services are in (i) two different States or (ii) two
different Union Territories or (iii) a State and a Union territory, it is
treated as inter-State supply of goods or services respectively. Inter-
State supplies of taxable goods and/orservices are subject to
Integrated Goods and Services Tax (IGST). IGST is the sum total of
CGST and SGST/UTGST and is levied by Centre on all inter-State
supplies.
Registration Every supplier of goods and/ or services is required to
obtain registration in the State/UT from where he makes the taxable
supply if his aggregate turnover exceeds the threshold limit during a
FY. Different threshold limits have been prescribed for various
States and Union Territories depending upon the fact whether the
supplier is engaged exclusively in supply of goods, or exclusively in
supply of services or in supply of both goods and services.
The threshold limit prescribed for various States/UTs
are as follows:
 Composition Scheme
In GST regime, tax (i.e. CGST and SGST/UTGST for
intra-State supplies and IGST for inter-State supplies)
is payable by every taxable person and in this regard,
provisions have been prescribed in the law.
However, for providing relief to small businesses,
manufacturers, service providers, suppliers of food
articles, traders, etc., making intra-State supplies, a
simpler method of paying taxes is prescribed, known
as composition levy.

Exemptions
Apart from providing relief to small-scale business, the
law also contains provisions for granting exemption from
Payment of tax on essential goods and/or services.

Seamless flow of credit

Since GST is a destination-based consumption tax, revenue
of SGST ordinarily accrues to the consuming States. The
inter-State supplier in the exporting State is allowed to set
off the available credit against the IGST payable on inter-
State supply made by him (order of utilisation of credit is
 explained in brief below).

The buyer in the importing State is allowed to avail the

credit of IGST paid on inter-State purchases made by him.
Thus, unlike the earlier scenario where the credit chain used
to break in case of inter-State sales on account of non-
VATable CST, under GST regime there is a seamless credit
flow in case of inter-State supplies too.
The revenue of inter-State sale does not accrue to the
exporting State and the exporting State transfers to the
Centre the credit of SGST/UTGST used in payment of
IGST.
The Centre transfers to the importing State the credit of
IGST used in payment of SGST/UTGST.

Order of utilization of credit- There is a specified

order in which ITC should be utilized. First, IGST credit
should be utilized towards IGST payment, and then towards
payment of CGST and SGST/UTGST in any order and in
any proportion. After entire ITC of IGST is utilized, ITC of
CGST should be utilized for payment of CGST and IGST in
that order. Thereafter, ITC of SGST /UTGST should be
utilized for payment of SGST/UTGST and IGST in that
order.

It may be noted that ITC of CGST cannot be utilized for payment of

GST/UTGST and vice versa. Also, ITC of SGST/UTGST should be
utilized for payment of IGST, only after ITC of CGST has been
utilized fully.
 Need for GST

In the pre-GST tax regime following taxes are levied by central

government as well as state Government on the goods and services
Taxes on levied by central government given below such:
Central sales tax, central excise duty and additional excise duty, CVD
and special CVD, service tax, central surcharge and cess, excise duty
under medicinal and toilet preparation act etc.
Taxes levied by State Government are given below such as
Entertainment tax, entry tax, purchase tax, value added tax, sales tax, tax
on lottery, state surcharge, luxury tax, betting and gambling tax and
luxury tax etc.
The above tax is are subsumed under GST which is in the nature of
either on the supply of goods are on the supply of services for the
purpose of free flow of tax credit in intra and interstate level.
Taxes and fees levy other than supply of goods and services would not
subsume under GST
GST levied on all the goods and services except tobacco, alcoholic
liquor for human consumption, crude oil, petrol natural gas and aviation
turbine fuel crude and diesel subject to the date from which GST
Council will applicable, entertainment tax levied by the local
government

Pre-GST Indirect Tax

structure in India
 Goods and service tax (GST)
GST is a direct tax reform a which create common
national market under GST subsumed various indirect
taxes like excise duty service tax VAT GST luxurious tax
entertainment tax entry Tax Act. GST was introduced in
India on 1st of July 2017 excluding Jammu and Kashmir
but on 8 of July 2017 SGST act passed buy Jammu and
Kashmir, CGST & IGST ordinance promulgated to extent
Jammu and Kashmir.
GST is a consumption-based tax applicable to the
transaction of supply of goods and services subject to the
certain exception. Goods and service tax in our country
comprises integrated goods and service tax (IGST), union
territory goods and service tax (UTGST), central goods
and service tax (CGST), state goods and service tax
(SGST).
  To achieve the ideology of ‘One Nation, One
Tax’:
GST has replaced multiple indirect taxes, which were
existingunder the previous tax regime. The advantage of
having one single tax means every state follows the same
rate for a particular product or service. Tax administration
is easier with the Central Government deciding the rates
 and policies.

 To subsume a majority of the indirect taxes in

India:-
India had several erstwhile indirect taxes such as
service tax, Value Added Tax (VAT), Central Excise,
etc., which used to be levied at multiple supply chain
stages. Some taxes were governed by the states and
some by the Centre. There was no unified and
centralized tax on both goods and services.

 To eliminate the cascading effect of taxes:

One of the primary objectives of GST was to remove
the cascading effect of taxes. Previously, due to
different indirect tax laws, taxpayers could not set off
the tax credits of one tax against the other. For
example, the excise duties paid during manufacture
could not be set off against the VAT payable during
the sale.

To curb tax evasion:

GST laws in India are far more stringent compared to any of
the erstwhile indirect tax laws. Under GST, taxpayers can
claim an input tax credit only on invoices uploaded by their
respective suppliers. This way, the chances of claiming input
tax credits on fake invoices are minimal. The introduction of
e-invoicing has further reinforced this objective.
 To increase the taxpayer base:
GST has helped in widening the tax base in India.
Previously, each of the tax laws had a different threshold
limit for registration based on turnover. As GST is a
consolidated tax levied on both goods and services both, it
has increased tax-registered businesses.

 Online procedures for ease of doing business:

Previously, taxpayers faced a lot of hardships dealing with
different tax.

Authorities under each tax law:

Besides, while return filing was online, most of the assessment and
refund procedures took place offline. Now, GST procedures are
carried out almost entirely online. Everything is done with a click of
a button, from registration to return filing to refunds to e-way bill
generation.

 An improved logistics and distribution

system:
A single indirect tax system reduces the need for multiple
documentation for the supply of goods. GST minimizes
transportation cycle times, improves supply chain and turnaround
time, and leads to warehouse consolidation, among other benefits.

 To promote competitive pricing and increase

consumption:
Introducing GST has also led to an increase in consumption and
indirect tax revenues. Due to the cascading effect of taxes under
the previous regime, the prices of goods in India were higher than
in global markets. Even between states, the lower VAT rates in
certain states led to an imbalance of purchases in these states.
 Input Credit in GST:
Input credit means at the time of paying tax on output, you can
reduce the tax you have already paid on inputs. Say, you are a
manufacturer – tax payable on output (FINAL PRODUCT) is Rs
450 tax paid on input (PURCHASES) is Rs 300 You can claim
INPUT CREDIT of Rs 300 and you only need to deposit Rs 150
in taxes. See here:

E-Commerce operator, aggregator or any of the persons

mentioned here, registered under GST, you are eligible to
claim INPUT CREDIT for tax paid by you on your
PURCHASES.

Input Credit Mechanism is available to you when you are

covered under the GST Act. Which means if you are a
manufacturer, supplier, agent.
 How to claim input credit under GST?

To claim input credit under GST:

You must have a tax invoice (of purchase) or debit note

issued by registered dealer.
You should have received the goods/services.

Note: Where goods are received in lots/instalments, credit

will be available against the tax invoice upon receipt of last
lot or instalment. Note: Where recipient does not pay the
value of service or tax thereon within 3 months of issue of
invoice and he has already availed input credit based on the
invoice, the said credit will be added to his output tax
liability along with interest.

The tax charged on your purchases has been

deposited/paid to the government by the supplier
in cash or
via claiming input credit.
Supplier has filed GST returns.
Supplier has uploaded the invoice in their GSTR-
1 and it appears in GSTR-2B of the recipient or
buyer.
 Possibly the most path-breaking reform of GST is that input
credit is ONLY allowed if your supplier has deposited the
tax, he collected from you. So, every input credit you are
claiming shall be matched and validated before you can
claim it.
Therefore, to allow you to claim input credit on Purchases
all your suppliers must be GST compliant as well.

Reverse Charge Mechanism (RCM) under GST:

Reverse charge is a mechanism where the recipient of the goods or services
is liable to pay Goods and Services Tax (GST) instead of the supplier.
Typically, the supplier of goods or services pays the tax on supply. Under
the reverse charge mechanism, the recipient of goods or services becomes
liable to pay the tax, i.e., the chargeability gets reversed.

The objective of shifting the burden of GST payments

to the recipient is to widen the scope of levy of tax on
various unorganized sectors, to exempt specific classes
of suppliers, and to tax the import of services (since
the supplier is based outside India).
 When is Reverse Charge Applicable?
Section 9(3), 9(4) and 9(5) of Central GST and State
GST Acts govern the reverse charge scenarios for
intrastate transactions. Also, sections 5(3), 5(4) and
5(5) of the Integrated GST Act govern the reverse
charge scenarios for inter-state transactions. Let’s
have a detailed discussion regarding these scenarios:

Who is a Casual Taxable Person under GST?

A person who occasionally supplies goods and/or

services in a territory where GST is applicable
but he does not have a fixed place of business.
Such a person will be treated as a casual taxable
person as per GST.
Example: A person who has a place of business in
Bangalore supplies taxable consulting services in Pune
where he has no place of business would be treated as
a casual taxable person in Pune.
 Who is a Non-Resident Taxable person
under GST?

When a non-resident occasionally supplies goods/services in

a territory where GST applies, but he does not have a fixed
place of business in India. As per GST, he will be treated as
a non-resident taxable person. It is similar to above except
the non-resident has no place of business in India.

Who is an Input Service Distributor?

‘Input Service Distributor’ means an office of the supplier of

goods/services which receives tax invoices on receipt of input
services and issues tax invoices for the purpose of distributing the
credit of CGST/SGST/IGST paid on the said services to your
branch with the same PAN. (It must be a supplier of taxable goods
/services having the same PAN as that of the office referred to
above).
Thus, only credit on ‘input services’ can be distributed and not on
input goods or capital goods. This will be a new concept for assesses
who are currently not registered as input service distributors.
However, this facility is optional in nature.
 Who is a composition taxpayer?

 A composition taxpayer refers to those registered under the

composition scheme who need not collect GST from his
customers at normal rates. Instead, he can pay tax at a
nominal rate or lower rates to the government on the basis of
turnover or receipts on a quarterly basis while filing CMP- 08.
 There are certain conditions defined for such taxpayers. At the
inception of GST, only suppliers of goods could opt into the
composition scheme governed by Section 10 of the CGST Act
with annual turnover up to Rs.1.5 crore. From 1st April 2019,
service providers are also given an option to join a similar
scheme. The annual aggregate turnover limit must be up to
Rs.50 lakh.

Who is a QRMP taxpayer?

A registered person who is required to furnish a return in
GSTR-3B, and who has an aggregate turnover of up to Rs.5
crore rupees in the preceding financial year, is eligible for
the QRMP Scheme. Under the scheme, one can file GSTR-1
and GSTR-3B once in a quarter whereas make tax payment
every month in form PMT-06. Further, if B2B sales invoices
need to be uploaded on the GST portal monthly, then
Invoice Furnishing Facility (IFF) can be used.
GST Registration by Type of Taxable
Person:

 Every person has to apply for registration in every State

in which he is liable, within thirty days from the date on
which he becomes liable to registration.

 Casual / non-resident taxable persons should apply at

least five days before their commencement of business.

 Registration number in GST will be PAN based and

hence, having PAN would be a prerequisite for
obtaining registration.

 The assesses must obtain separate registration for each

State, as registration under GST will be State-wise.
 Special provisions of GST Registration
for casual taxable person and non-
resident taxable person:
A casual taxable person or a non-resident taxable
person shall apply for registration at least five days
prior to the commencement of business. Section 24
provides for special provisions relating to casual
taxable persons and non-resident taxable persons
under GST.
Casual/non-resident taxable person may obtain a
temporary registration for a period of 90 days
(extendable for additional 90 days). A person who
obtains registration u/s 24, will be required to make an
advance deposit of GST (based on his estimated tax
liability).
 Types of GST Returns:
GST return is a form that a taxpayer registered under
the Goods and Services Tax (GST) law must file for
every GSTIN that he is registered. Also, the status of
GSTIN should be active if the taxpayer regularly files
the returns. Out of them, only 11 GST returns are
active, 3 suspended, and 8 view-only in nature.

In short, the number and types of GST return that a

business/professional must file is based on the type of
taxpayer registered. These types include regular
taxpayer, composition taxable persons, e-commerce
operators, TDS deductor, non-resident taxpayer, Input
Service Distributor(ISD), casual taxable persons, etc.
Further, the frequency of filing some GST returns may
differ among the GSTR-1 and GSTR-3B filers, if they
opt into the Quarterly Return filing and Monthly
Payment of taxes (QRMP) scheme.
 GSTR-1:
GSTR-1 is the return to be furnished for reporting details of
all outward supplies of goods and services made. In other
words, it contains the invoices and debit-credit notes raised
on the sales transactions for a tax period. GSTR-1 is to be
filed by all normal taxpayers who are registered under GST,
including casual taxable persons.
Any amendments to sales invoices made, even pertaining to
previous tax periods, should be reported in the GSTR-1
return by all the suppliers or sellers.

The filing frequency of GSTR-1 is currently as follows:-

(a) Monthly, by 11th* of every month: If the business either

has an annual aggregate turnover of more than Rs.5 crore or
has not opted into the QRMP scheme.

(b) Quarterly, by 13th** of the month following every

quarter: If the business has opted into the QRMP scheme.

Till September 2018, the due date was the 10th of every month.
Till December 2020, was the end of the month succeeding the
quarter.
 GSTR-2A:
GSTR-2A is a view-only dynamic GST return relevant for
the recipient or buyer of goods and services. It contains the
details of all inward supplies of goods and services i.e.,
purchases made from GST registered suppliers during a tax
period.
The data is auto-populated based on data filed by the
corresponding suppliers in their GSTR-1 returns. Further,
data filed in the Invoice Furnishing Facility (IFF) by the
QRMP taxpayer, also get auto-filled. Since GSTR-2A is a
read-only return, no action can be taken in it. However, it is
referred by the buyers to claim an accurate Input Tax
Credit (ITC) for every financial year, across multiple tax
periods. In case any invoice is missing, the buyer can
communicate with the seller to upload it in their GSTR-1 on
a timely basis. It was used frequently for claiming ITC for
every tax period until August 2020. Thereafter, the buyers
must mostly refer to GSTR-2B, static return, to claim the
input tax credit for every tax period.

GSTR-2B:
GSTR-2B is again a view-only static GST return
important for the recipient or buyer of goods and
services. It is available every month, starting in August
2020 and contains constant ITC data for a period
whenever checked back.
ITC details will be covered from the date of filing
GSTR-1 for the preceding month (M-1) up to the date
of filing GSTR-1 for the current month (M). The
return is made available on the 12th of every month,
giving sufficient time before filing GSTR-3B, where
the ITC is declared. GSTR-2B provides action to be
taken against every invoice reported, such as to be
reversed, ineligible, subject to reverse charge,
references to the table numbers in GSTR-3B.

GSTR-2:
GSTR-2 is currently a suspended GST return, that
applied to registered buyers to report the inward
supplies of goods and services, i.e. the purchases made
during a tax period. The details in the GSTR-2 return
had to be auto-populated from the GSTR- 2A. Unlike
GSTR-2A, the GSTR-2 return can be edited. GSTR-2
is to be filed by all normal taxpayers registered under
GST. However, the filing of the same has been
suspended ever since September 2017.

GSTR-3:
GSTR-3 is again currently a suspended GST return. It was a
monthly summary return for furnishing summarized details
of all outward supplies made, inward supplies received and
input tax credit claimed, along with details of the tax liability
and taxes paid. This return would have got auto-generated
on the basis of the GSTR-1 and GSTR-2 returns filed.
GSTR-3 is to be filed by all normal taxpayers registered
under GST, however, the filing of the same has been
suspended ever since September 2017.
 GSTR-3B:
GSTR-3B is a monthly self-declaration to be filed, for
furnishing summarized details of all outward supplies made,
input tax credit claimed, tax liability ascertained and taxes
paid.
GSTR-3B is to be filed by all normal taxpayers registered
under GST. The sales and input tax credit details must be
reconciled with GSTR-1 and GSTR-2B every tax period
before filing GSTR-3B.GST reconciliation is crucial to
identify mismatches in data, that may lead to GST notices in
future or suspension of GST registration as well.
The filing frequency of GSTR-3B is currently as follows:
(a) Monthly, 20th* of every month: For taxpayers with an
aggregate turnover in the previous financial year of more
than Rs.5 crore or have been otherwise eligible but still
opted out of the QRMP scheme.
(b) Quarterly, 22nd of the month following the quarter for
‘X’** category of States and 24th of the month following the
quarter for ‘Y’** category of States: For the taxpayers with
aggregate turnover equal to or below Rs 5 crore, eligible and
remain opted into the QRMP scheme.

Effective from January 2021 tax period onwards. Previously,

was as follows:
(i) Was staggered as 20th (turnover of previous FY was
more than Rs.5 crore), 22nd and 24th (turnover of previous
FY was up to Rs.5 crore, for ‘X’ and ‘Y’ category of States)
of every month, from January 2020 till December 2020.
 (ii) Was 20th of every month till December 2019.
 ‘X’ category States/UT : Chhattisgarh, Madhya
Pradesh, Gujarat, Maharashtra, Karnataka, Goa,
Kerala, Tamil Nadu, Telangana or Andhra Pradesh or
the Union territories of Daman and Diu and Dadra and
Nagar Haveli, Puducherry, Andaman and Nicobar
Islands and Lakshadweep.
 ‘Y’ category States/UT: Himachal Pradesh, Punjab,
Uttarakhand, Haryana, Rajasthan, Uttar Pradesh,
Bihar, Sikkim, Arunachal Pradesh, Nagaland,
Manipur, Mizoram, Tripura, Meghalaya, Assam, West
Bengal, Jharkhand or Odisha or the Union Territories
of Jammu and Kashmir, Ladakh, Chandigarh and New
Delhi.

GSTR-4:
GSTR-4 is the annual return that was to be filed by the
composition taxable persons under GST, by 30th April of
the year following the relevant financial year. It has replaced
the erstwhile GSTR-9A (annual return) from FY 2019-20
onwards.
Prior to FY 2019-20, this return had to be filed on a
quarterly basis. Thereafter, a simple challan in form CMP-
08 filed by 18th of the month succeeding every quarter
replaced it.
The composition scheme is a system in which taxpayers
dealing with goods and having a turnover up to Rs.1.5 crores
can opt into and pay taxes at a fixed rate on the turnover
declared. Further, the service providers can avail a similar
scheme CGST (Rate) Notification 2/2019 dated 7th March
2019 if turnover is up to Rs.50 lakh.
 GSTR-5:
GSTR-5 is the return to be filed by non-resident foreign
taxpayers, who are registered under GST and carry out
business transactions in India. The return contains details of
all outward supplies made, inward supplies received,
credit/debit notes, tax liability and taxes paid. The GSTR-5
return is to be filed monthly by the 20th of each month
under GSTIN that the taxpayer is registered in India.

GSTR-5A:
GSTR-5A refers to a summary return for reporting
the outward taxable supplies and tax payable by
Online Information and Database Access or Retrieval
Services (OIDAR) provider under GST.
The due date to file GSTR-5A is the 20th of every
month.

GSTR-6:
GSTR-6 is a monthly return to be filed by an Input
Service Distributor (ISD). It will contain details of
input tax credit received and distributed by the ISD. It
will further contain details of all documents issued for
the distribution of input credit and the manner of
distribution. The due date to file GSTR-6 is the 13th of
every month.
 GSTR-7:
GSTR-7 is a monthly return to be filed by persons required
to deduct TDS (Tax deducted at source) under GST.
This return will contain details of TDS deducted, the TDS
liability payable and paid and TDS refund claimed if any.
The due date to file GSTR-7 is the 10th of every month.

GSTR-9:
GSTR-9 is the annual return to be filed by taxpayers
registered under GST. It is due by 31st December of the year
following the relevant financial year, as per the GST law.
It contains the details of all outward supplies made, inward
supplies received during the relevant financial year under
different tax heads i.e. CGST, SGST & IGST and a
summary value of supplies reported under every HSN code,
along with details of taxes payable and paid. It is a
consolidation of all the monthly or quarterly returns
(GSTR-1, GSTR- 2A, GSTR-3B) filed during that financial
year. GSTR-9 is required to be filed by all taxpayers
registered under GST. However, there are few exceptions
such as taxpayers who have opted for the composition
scheme, casual taxable persons, input service distributors,
non-resident taxable persons and persons paying TDS under
section 51 of the CGST Act.

Note: As per the CGST notification no. 47/2019, later

amended, the annual return under GST for taxpayers
having an aggregate turnover that does not exceed Rs.2
crore has been made optional for FY 2017-18, FY 2018-19
and FY 2019-20.
 GSTR-9A:
GSTR-9A is currently a suspended annual return earlier
required to be filed by composition taxpayers. It had a
consolidation of all the quarterly returns filed during that
year.

Late filing of GST Returns:

Return filing is mandatory under GST. Even if there is no
transaction, you must file a Nil return.

There are few points to note:

 You cannot file a return if you do not file the
previous month/quarter’s return.

 Hence, late filing of GST return will have a

cascading effect leading to heavy fines and
penalty.

 The late filing fee of the GSTR-1 is populated in

the liability ledger of GSTR-3B filed immediately
after such delay.
 Interest and Late fee to be paid:
 Interest is 18% per annum. It has to be calculated by the
taxpayer on the amount of outstanding tax to be paid. It shall
be calculated on the net tax liability identified in the ledger at
the time of payment.

 The time period will be from the next day of filing due date till
the actual date of payment.

 As per the CGST Act, the late fee is Rs.100 per day per Act.
So, it is Rs.100 under CGST & Rs.100 under SGST. The total
shall be Rs.200/day. However, there is a maximum levy of Rs.
5,000.

 There is no late fee separately prescribed under the IGST Act.

Also, for GSTR-1 and GSTR-3B, the total late fee was reduced
to Rs. 50 /day (Rs.20 /day for Nil filing).

E-invoicing under GST:

‘e-Invoicing’ or ‘electronic invoicing’ is a system in which
B2B invoices and a few other documents are
authenticated electronically
by GSTN for further use on the common GST portal.
In its 35th meeting, the GST Council decided to
implement a system of e-
Invoicing, covering specific categories of persons, mostly
large enterprises. Later on, it has been expanded to cover
mid-sized businesses and small businesses as well.
e- Invoicing does not imply the generation of invoices on
the GST portal but it means submitting an already
generated standard invoice on a common e invoice portal.
Thus, it automates multi-purpose reporting with a one-
time input of invoice details. The CBIC notified a set of
common portals to prepare e invoice via Notification
No.69/2019 – Central Tax.
Under the electronic invoicing system, an identification
number will be issued against every invoice by the
Invoice Registration Portal (IRP), managed by the GST
Network (GSTN). The National Informatics Centre
launched the first IRP at einvoice1.gst.gov.in.
All invoice information gets transferred from this portal
to both the GST portal and the e-way bill portal in real-
time. Therefore, it eliminates the need for manual data
entry while filing GSTR-1 returns and generation of
part-A of the e-way bills, as the information is passed
directly by the IRP to the GST portal.
 Key features of GST include:
1. One Nation, One Tax: GST eliminates the need for multiple taxes
at the central and state levels, bringing uniformity in the tax
structure across the country.
2. Value-Added Taxation: GST is a value-added tax, meaning
businesses can claim input tax credit for the GST paid on their
purchases. This eliminates tax on tax, ensuring that the final burden
falls on the end consumer.
3. Transparency: GST introduces a transparent tax structure with
standardized rates and clear rules, reducing opportunities for tax
evasion.
4. Simplified Compliance: Businesses benefit from simplified
compliance procedures, as GST requires electronic filing and
uniform tax return formats, reducing paperwork.
5. Cascading Effect Reduction: By allowing input tax credit, GST
reduces the cascading effect of taxes, making products and services
more affordable.
6. Dual Structure: In many countries like India, GST operates
under a dual structure with both central and state components. The
Central GST (CGST) and State GST (SGST) are levied separately.
7. Threshold Limits: Small businesses with a turnover below a
certain threshold are often exempted from GST or subject to lower
rates, making it more equitable for smaller enterprises.

The introduction of GST has had a profound impact on businesses,

government revenue, and the overall economic landscape of the
countries that have adopted it. It has simplified the tax regime,
reduced the compliance burden, and contributed to the ease of
doing business. While the implementation of GST can be
challenging, its benefits in terms of economic efficiency and
uniformity have made it a significant milestone in tax reform.
 Background on Goods and Services Tax
(GST):
Goods and Services Tax (GST) is a significant tax reform that has
been implemented in various countries around the world. The
concept of GST has its origins in the early 20th century, and its
implementation was driven by the need to simplify and modernize
the tax system, reduce tax evasion, and promote economic growth.

Here is a brief background on the development of GST:

1. Early Concept: The idea of a consumption-based tax that would

tax goods and services at each stage of production and distribution
was first introduced by a French economist named Maurice Laure
in the 1950s. This concept aimed to replace the complex and
cascading tax systems prevalent at the time.
2. Canada's Implementation: Canada was one of the first countries
to implement a GST in 1991. The Canadian GST served as a model
for many other nations. It introduced a federal GST (Goods and
Services Tax) and provincial sales taxes that were harmonized into
the Harmonized Sales Tax (HST) in some provinces.
3. European Union (EU) VAT: The European Union introduced a
value-added tax (VAT) system in the 1960s, which is similar in
concept to GST. The VAT system was designed to create a common
tax structure for EU member states, simplifying trade within the
region.
4. Global Adoption: Over the years, many countries began to
recognize the benefits of a GST or VAT system. Countries like
Australia, Singapore, and Malaysia implemented GST systems.
India introduced the Goods and Services Tax in 2017, making it one
of the largest and most complex GST implementations in the world.
5. Benefits of GST: The adoption of GST is driven by several key
benefits, including: - Simplification: GST simplifies the tax system
by replacing multiple taxes with a single tax. - Reduction in Tax
Evasion: By providing input tax credits and improving
transparency, GST helps reduce tax evasion.- Boost to the Economy:

It promotes economic growth by making products and services

more affordable and reducing the overall tax burden on
businesses.
6. Implementation Challenges: Implementing GST is a
complex process, as it requires the cooperation of both
central and state governments (in countries with a federal
structure) and significant changes in tax administration and
compliance.
7. Customization: Each country customizes its GST or VAT
system to suit its specific needs. This can lead to variations in
tax rates, exemptions, and administrative processes.
8. Ongoing Reforms: GST systems continue to evolve as
countries learn from their experiences and make
adjustments to improve the tax structure.

The adoption of GST represents a significant shift in the way

countries tax goods and services. It has become an essential
component of modern tax systems, contributing to economic
growth, trade facilitation, and a more straightforward and
efficient tax regime. While the introduction of GST can be
challenging, its long-term benefits make it a crucial aspect of
modern taxation.When writing about the objectives of your
internship, you should outline the specific goals and
outcomes you aimed to achieve during your internship
period.
These objectives will depend on your field of study, the organization
you are interning with, and your personal career goals.
1. Hands-on Experience: Gain practical, hands-on
experience in the field of [GST]. This could involve working
on real-world projects, tasks, or assignments related to
[Return of GST].
2. Industry Knowledge: Acquire a deeper understanding of
the [GST] and how it operates. Learn about the latest
trends, challenges, and opportunities in the field.
3. Skill Development: Enhance my skills in [Tax
Compliance], such as research, data analysis, problem-
solving, communication, teamwork, project management, or
any specific technical skills that are relevant to your
internship.
4. Networking: Build a professional network within the
industry by establishing connections with colleagues,
supervisors, and professionals in the field.
5. Mentorship: Benefit from mentorship and guidance from
experienced professionals in [Taxation], and learn from
their expertise and insights.
6. Understanding Organizational Culture: Gain insights into
the corporate culture and work environment of [Orbix
International] and understand how they function on a day-
to-day basis.
7. Application of Theoretical Knowledge: Apply the
theoretical knowledge gained in my academic studies to real-
world situations and understand how it is used in practical
scenarios.
8. Project Completion: Successfully complete the assigned
project [Registration ,Cancellation Process] and contribute
to the organization's goals and objectives.
9. Exposure to [Taxation]: If your internship is in a
specialized area within your field, state your objective to
gain specific exposure or experience in that area (e.g.,
finance, Accounting, etc.).
10. Personal Growth and Development: Enhance personal
and professional growth, including improving time
management, adaptability, and problem-solving abilities.
11. Feedback and Evaluation: Receive regular feedback and
evaluations from supervisors to assess your performance
and --- identify areas for improvement.

12. Contribution to the Organization: Make a positive

contribution to the goals and operations of [Orbix
International] by providing valuable support and delivering
quality work.
It's important to make your objectives specific, measurable,
and achievable. Additionally, you should reflect on your
internship experience at the end of your report to evaluate
whether you met these objectives and what you learned from
the experience. This self-assessment can be an essential part
of your internship report. When describing the activities and
accomplishments in the field of Goods and Services Tax
(GST) during your internship, it's crucial to provide a
detailed account of what you worked on and the results you
achieved. Here is a sample of the kind of content you might
include in this section of your internship report:

Activities in GST:
1. GST Compliance and Documentation: Assisted in
preparing and maintaining GST documentation, which
included invoices, bills of supply, and input tax credit
records.
2. GST Return Filing: Participated in the preparation and
filing of GST returns, ensuring timely and accurate
submissions to comply with statutory requirements.
3. GST Registration: Helped with the GST registration
process for new clients or businesses, ensuring all necessary
documents and details were in order.

4. Data Analysis: Conducted data analysis to reconcile GST

records and identify any discrepancies or errors in the
returns, thereby contributing to improved accuracy.
5. Tax Audit Support: Assisted in the preparation for GST
audits, working closely with auditors to provide necessary
documentation and explanations for the audit process.
6. Research on GST Laws: Conducted research on the latest
GST laws and regulations to stay up-to-date with changes
and ensure compliance with new requirements.
7. Communication with Tax Authorities: Communicated
with tax authorities for issue resolution, clarification of tax
matters, and addressing any inquiries or notices received.
8. Client Assistance: Supported clients in understanding
GST implications, answering queries, and assisting with
GST-related issues or disputes.

Accomplishments in GST:
1. Reduction in Compliance Errors: By implementing
improved documentation processes and attention to detail,
helped reduce compliance errors and discrepancies in GST
filings by [percentage].
2. Timely GST Return Filing: Ensured that all GST returns
were filed accurately and on time, achieving a 100%
compliance rate for the organization and its clients.
3. Successful GST Registrations: Contributed to the timely
and accurate registration of [number] new clients under the
GST regime, streamlining their entry into the tax system.
4. Improved Data Accuracy: Through data analysis and
reconciliation, identified and rectified errors in GST
records, resulting in a reduction in inaccuracies and
potential penalties.

5. Efficient Audit Preparation: Played a key role in the

efficient preparation of GST audits, helping the organization
pass audits without significant issues and minimizing any
potential financial impact.
6. Client Satisfaction: Received positive feedback from
clients for providing effective and clear guidance on GST-
related matters, enhancing client satisfaction and trust.
7. Knowledge Sharing: Conducted training sessions for
colleagues on recent GST law changes and compliance best
practices, contributing to better team understanding and
performance.
8. Documentation Improvement: Implemented a more
organized and efficient documentation system for GST
records, improving accessibility and audit readiness.
9. Contributions to GST Strategies: Collaborated with the
GST team to devise strategies for optimizing GST benefits
and compliance for clients, thereby increasing the
organization's overall efficiency and value proposition.
When describing your accomplishments, make sure to use
specific metrics or examples to quantify your contributions
and demonstrate the positive impact of your work. This will
provide a clearer picture of your effectiveness during your
GST internship.
During my internship in the field of Goods and Services Tax
(GST), I gained valuable knowledge and insights into
various aspects of GST, including new concepts, laws, and
regulations.
 Here is a summary of the key learnings and skills I
acquired:
1. Understanding of GST Structure: - I gained a comprehensive
understanding of the structure of GST, including its dual model
with Central GST (CGST) and State GST (SGST) components, as
well as the Integrated GST (IGST) for inter-state transactions.
2. Input Tax Credit (ITC): - I learned the significance of Input Tax
Credit and how it allows businesses to set off the GST they pay on
purchases against the GST they collect on sales. Understanding the
mechanism of ITC was crucial for reducing the cascading effect of
taxes.
3. GST Rates and Classification: - I became familiar with the
various GST rate slabs, their applicability to different goods and
services, and the HSN (Harmonized System of Nomenclature) and
SAC (Service Accounting Code) codes used for classification.
4. GST Registration: - I learned the process of GST registration,
including eligibility criteria, documentation requirements, and the
importance of obtaining a GSTIN (GST Identification Number).
5. GST Return Filing: - I gained practical experience in
preparing and filing GST returns, including GSTR-1 for
outward supplies and GSTR-3B for summary returns, and
understood the importance of accuracy and timeliness in
filing.
6. Compliance and Documentation: - I developed skills in
maintaining accurate GST records and documentation, such
as invoices, credit and debit notes, and ledgers, to ensure
compliance with GST regulations.
7. Reverse Charge Mechanism (RCM): - I learned about the
reverse charge mechanism, where the recipient of goods or
services is liable to pay GST instead of the supplier, and the
implications of this mechanism on various business
transactions.

8. GST Refunds: - I gained insights into the procedures and

requirements for claiming GST refunds, particularly for
exports and inverted tax structures, which were essential for
businesses looking to optimize their cash flows.
9. GST Laws and Updates: - I kept up-to-date with the latest
changes in GST laws and regulations by regularly
researching and reviewing official government notifications,
circulars, and case laws.

10. Impact of GST on Businesses: - I understood how GST

had a significant impact on various business processes,
pricing strategies, and supply chain management. This
knowledge was essential for advising clients on optimizing
their operations under the GST regime.
11. Legal Compliance and Reporting: - I developed a strong
understanding of the legal compliance requirements under
GST, which involved accurately reporting transactions and
maintaining records, crucial for avoiding penalties.
12. GST Technology Platforms: - I became proficient in
using GSTN (Goods and Services Tax Network) and other
GST-related technology platforms for return filing, payment
processing, and other compliance-related activities.

Overall, my internship in GST provided me with practical

experience and a deep understanding of the intricacies of
this tax system. It equipped me with the knowledge and
skills necessary to navigate the complex world of GST
compliance and offered valuable insights into its impact on
businesses and the broader economy. These learnings will
undoubtedly be beneficial for my future career in taxation
and financial management.

Registration under the Goods and Services Tax (GST) is the

process by which businesses and individuals obtain a unique
identification number that allows them to collect and remit
GST on the sale of goods and services. GST is a
consumption-based indirect tax system that has been
implemented in many countries, including India, Canada,
and various other nations.

Here are some key points regarding

registration under GST:
1. Mandatory and Voluntary Registration: In most GST
systems, businesses whose aggregate turnover exceeds a
certain threshold limit are required to register for GST.
However, in some cases, businesses with turnover below the
threshold may also choose to register voluntarily to avail of
certain benefits or to facilitate interstate trade.
2. Threshold Limits: The threshold limits for mandatory
GST registration can vary from one country to another and
can also vary within a country for different types of
businesses. In India, for example, the threshold limits for
GST registration differ for different states.
3. Application Process: To register for GST, businesses
need to submit an application along with required
documents and information to the relevant tax authority.
The registration process can typically be done online
through a dedicated portal.
4. GSTIN: Once the registration is approved, the business is
issued a unique GST Identification Number (GSTIN). This
number is used for all GST-related transactions and filings.

5. Compliance: Registered businesses are required to

collect GST from their customers on taxable supplies and
remit it to the tax authorities. They must also file regular
GST returns, which provide details of their sales, purchases,
and tax liability.

6. Input Tax Credit: One of the key benefits of GST

registration is the ability to claim Input Tax Credit (ITC).
Registered businesses can offset the GST they have paid on
purchases against the GST they have collected on sales. This
helps in eliminating the cascading effect of taxes and reduces
the overall tax burden.

7. Penalties for Non-compliance: Failing to register for

GST when required or not complying with GST regulations
can result in penalties and legal consequences.

8. Cancellation and Surrender: Businesses can also cancel

or surrender their GST registration under certain
circumstances, such as if they cease their operations or no
longer meet the threshold requirements.
It's important to note that the specific rules and procedures
for GST registration can vary from country to country.
Businesses and individuals are advised to consult the
relevant tax authorities or seek professional advice to ensure
they comply with the applicable GST regulations in their
jurisdiction.
Cancel your GST registration online by following
these steps:
Log in to the GST portal.
Navigate to Services > Registration > Application for
Cancellation of Registration.
The page ‘Application for Cancellation of Registration’ will
contain three tabs. Ensure that the first tab ‘Basic Details’ is
selected. It will collect pre-filled information.
Choose the reason for cancellation from the drop-down list.
Upload the required documents.
Submit the application.
Here are the steps to generate an E-way bill on the GST
portal:
Log in to the GST portal.

Navigate to Services > Registration > Application for

Cancellation of Registration.
The page ‘Application for Cancellation of Registration’ will
contain three tabs. Ensure that the first tab ‘Basic Details’ is
selected. It will collect pre-filled information.
Choose the reason for cancellation from the drop-down list.
Upload the required documents.
Submit the application.
The validity of an E-way bill is calculated based on the
distance between the starting point and the delivery
location.For standard cargo, the validity is1 day per 200
kilometres. For over-dimensional cargo, the validity is 1 day
for every 20 kilometres.
 Here are the steps to file GSTR-1 on the GST
portal:

1. Log in to the GST portal.

2. Navigate to Services > Returns > Returns Dashboard.
3. Select the financial year and month for which you want to
file the return.
4. Click on ‘Search’.
5. Select the ‘Prepare Online’ option under the GSTR-1 tile.
6. Fill in the details of your outward supplies made during
that particular tax period.
7. Preview the form and make sure all the details are
correct.
8. Click on ‘Submit’.
Nil Return Of GST
 Details Of outward Supply

LIMITATIONS
 In the auditing of GST return extensive use of
paper work is involved.
 There is no specified format to record data
entries.
 It takes lot of time to record each entry in the
excel format.
 Traders does not follow scheduled date to file
return which increases work of filling penalties.
 Businesses Doe’s not record all transaction in GST
return to save tax.
 Because of heavy traffic on website it takes lot of
time and efforts to download file from government
portal
 Declaration for the internship
report

I do hereby solemnly declare that the work presented

in this internship report has been carried out by me
and has not been previously submitted to any other
University, College, or Organization for any academic
Qualification, Certificate and B.com
I hereby warrant that the work I have presented does
not breach any existing copyright acts.

Amoli Srivastava
2120032010015
Major in Accounting & Finance
Department Of Commerce
University OfLucknow
 Acknowledgement for internship report
The internship opportunity I had with Orbix International
was a great chance for learning and professional
development. Therefore, I consider myself as a very lucky
individual as I was provided with an opportunity to be a
part of it. I am also grateful for having a chance to meet so
many wonderful people and professionals who led me
though this internship period.
bearing in mind previous I am using this opportunity to
express my deepest gratitude and special thanks to the
manager of Orbix international who in spite of being
extraordinarily busy with his duties, took time out to hear,
guide and keep me on the correct path and allowing me to
carry out my project at their esteemed organization and
extending during the training.
I perceive as this opportunity as a big milestone in my career
development. I will strive use gained skills and knowledge in
the best possible way, and I will continue to work on their
improvement, in order to attain desired career objectives.

Hope to continue cooperationm with all of you in the future,

sincerely.

Amoli Srivastava
Hardoi
29/11/23
 CONCLUSION

Summer internship in SNGC Tax serve was

very helpful for in learning about financial
and management aspect in the organization.

During SIP I have gained knowledge of GST

and how actual auditing is done to find out
frauds done by seller to save tax.

In this process I came that working in an

Organisation and studying about working in
Organisation is very different.
 BIBLIOGRAPHY
Information from company Boucher and from
various invoices of clients.

Reference book:-
Good and service tax, Dr. H.C.Mehrota& Prof. V.P.
Agarawal The simplified Indian GST law, CA
Prakhar Jain

Weblinks:-
https://gstcouncil.gov.in/https://ijcrt.org/
https://www.incometax.gov.in/iec/foportalhttps://
gstcouncil.gov.in/https://jgateplus.com/home/https://
cleartax.in/s/how-to-register-for-gst
 Challenges Faced During Internship

Limited Experience: Interns may lack practical

experience in the field, making it challenging to adapt to the
work environment and meet the expectations of the role.

Communication Barriers: Interns might face

challenges in effectively communicating with team members,
supervisors, or other employees due to differences in
communication styles or lack of familiarity with professional
language.

Technical Skills Gap: Interns may encounter challenges

in keeping up with the technical demands of the job,
especially if they are expected to use tools or software they
haven't encountered before.

Workload and Time Management: Balancing tasks,

meeting deadlines, and managing time efficiently can be a
struggle for interns, particularly if they are given a variety
of responsibilities.

Feedback and Criticism: Constructive criticism is a

vital part of learning, but it can be challenging for interns to
handle feedback, especially if it's not delivered in a positive
and supportive manner.
 Future Scope Of Internship
Skill Development and Learning Opportunities:
Internships will continue to be valuable for skill
development and gaining practical experience in a specific
field. As technology and industries advance, interns may
increasingly focus on acquiring specialized skills relevant to
emerging trends.

Integration of Technology: Interns will likely be exposed

to and work with advanced technologies relevant to their
field. This may include artificial intelligence, machine
learning, virtual reality, and other emerging technologies.
Interns who gain experience with cutting-edge tools and
platforms will have a competitive edge in the job market.

Continuous Learning and Upskilling: The fast-paced

nature of many industries will require individuals to engage
in continuous learning and upskilling. Internships may serve
as a starting point for a lifelong commitment to professional
development.

Networking Opportunities:Internships will remain

valuable for building professional networks. Interns may
have more opportunities to connect with industry
professionals, mentors, and peers, both within and outside
the organization.
 Key Learning’s

Industry Knowledge:
Understanding the dynamics, trends, and challenges of the industry.
Gaining insights into the specific market conditions and
competition.

Practical Skills Development:

Acquiring hands-on experience in using industry-specific tools,
software, or equipment.Developing technical skills relevant to the
role or industry.

Professional Communication:
Improving written and verbal communication skills in a
professional setting.Learning how to effectively communicate with
team members, supervisors, and clients.

Team Collaboration:
Working collaboratively with colleagues and understanding the
importance of teamwork.Developing interpersonal skills and
learning to navigate team dynamics.

Time Management:
Balancing multiple tasks and responsibilities efficiently.Meeting
deadlines and managing time effectively in a professional
environment.

Problem-Solving:
Identifying challenges and developing solutions to address
them.Gaining experience in troubleshooting and finding practical
solutions.