PRESENTATION

ON
GST – A Critical
Analysis

Presented by:
• Ramaque Jawaid Warsi (MBA/40075/19)
• Aditya Sarkar (MBA/40076/19)
• Krishna Kumar Pandey (MBA/40077/19)
• Bhavya (MBA/40078/19)
• Nikhil Sharma (MBA/40079/19)
• Rahul Ballav (MBA/40080/19)
 CONTENTS
• OBJECTIVE OF THIS PRESENTATION
• DEFINITION OF TAX
• INDIAN TAXATION SYSTEM (Scenario before GST)
• ADVANTAGES & DISADVANTAGES
• INTRODUCTION TO GST
• NEW INDIAN TAXATION SYSTEM (Current scenario)
• NEED OF GST
• IMPORTANCE OF GST
• RATES UNDER GST
• BENEFITS UNDER GST
• GST MODELS
• IMPACT OF GST ( ANALYSIS)
• CONCLUSION
• BIBLIOGRAPHY
 OBJECTIVE OF THIS PRESENTATION
• To learn about old taxation system and GST taxation
system and the difference between those two.
• To gain an in-depth understanding of GST taxation system
evolution.
• Understanding in - depth the concept of new taxation
system introduced - Goods and Services Tax (GST) in
India.
• Understanding the features, working, and differentiating
the current taxation system in India v/s GST.
• To evaluate the advantages and challenges surrounding
GST.
• To evaluate the prospects of taxation position of various
goods and services in India.
• To furnish the information for future research on GST
based taxation system.
 INTRODUCTION TO TAX
• The word “tax” is derived from Latin word “taxare”
meaning to estimate.
• A tax is not a voluntary payment or donation, but
enforced contribution, exacted pursuant to legislative
authority and is contribution imposed by the government.
• Taxes are involuntary fees levied on individuals or
corporations and enforced by a government entity—
whether local, regional or national—in order to finance
government activities.
• In economics, taxes fall on whomever pays the burden of
the tax, whether this is the entity being taxed, such as a
business, or the end consumers of the business's goods.
OLD INDIAN TAXATION SYSTEM
 ADVANTAGES & DISADVANTAGES OF
INDIRECT TAXES

ADVANTAGES DISADVANTAGES

The poor can contribute Regressive

Convenient Uncertain

Broad based Raises prices unduly

Easy collection Uneconomical

Elastic No civic consciousness

Equitable Harmful to industries

 INTRODUCTION TO GST

• GST was passed in the parliament on 29

March 2017 and implemented on 1 July 2017.
• It is a tax on goods and services with
comprehensive and continuous chain of set
off benefit from producers to retailer's point.
• It is an indirect tax levy on manufacture , sale
and consumption of all goods and services.
• Central Government is empowered to levy
GST on goods and services upon the
production stage , while State have the power
to tax on sale of goods .
 INTRODUCTION TO GST
• It is substitute mostly all the indirect taxes like
excise, VAT, service tax , entertainment and
luxury taxes.
• Taxation power lies with both in hands of CG
as well SG.
• As per government, the GST regarded as
Reform rather than amendment in the existing
Indian taxation system to sort out all pro and
con of indirect taxation system.
• GST is a friendly taxation system for corporate
sector will provide easiness in tax policies,
reduce inflation levels and make the overall
system more transparent.
NEW INDIAN TAXATION SYSTEM
 NEED OF GST
• GST brings in uniform tax laws across all the states
spanning across diverse industries.
• Tax Structure will be Simple: – At present, there are
huge number of taxes that has to pay by
consumers, with GST it will single tax to pay.
• GST will increase economic GDP by 2%-2.5%.
• Tax revenue will increase: Simple tax structure will
bring more tax payers and in return it will be
revenue for government.
• It will eliminate all other taxes of indirect taxes and
this will effectively mean that tax amount paid by
end users (consumers) will reduce.
 IMPORTANCE OF GST
• GST will overcome various issues of development via
greater interactions between VAT/GST systems along
with overcoming the potential risks of double taxation
and unintended non-taxation systems.
• GST will lay a strong foundation of collecting tax at
early stage of value addition.
• GST Reforms will play a crucial role for trade,
government, and consumers.
 MODELS OF GST
• AUSTRALIAN MODEL

• CANADIAN MODEL

• KELKAR-SHAH MODEL

• BAGCHI-PODDAR MODEL
RATES UNDER GST
WORKING OF GST
 IMPACT OF GST ( Analysis)
• On Indian Economy

• Consumer durables

• Logistics

• Banking and Financial services

• Information Technology
 IMPACT OF GST ( Analysis)
• Online shopping

• Telecom sector

• FMCG industry

• Automobile industry

• Entertainment
 CONCLUSION
• Primarily, the concept of GST was introduced and
proposed in India a few years back, but
implementation has been done by the current BJP
government under the able leadership of Prime
Minister Shri Narendra Modi on July 1, 2017.
• The new government was in strong favor for the
implementation of GST in India by seeing many
positive implications as discussed earlier.
• GST being a dynamic and comprehensive legislation
which shall replace most of the indirect taxes of our
country.
• GST is a best example of cooperative federalism.
• Together we will take India to new heights of progress.
 BIBLIOGRAPHY
• https://www.researchgate.net/publication/323007997_A_Co
mprehensive_Analysis_of_Goods_and_Services_Tax_GST_
in_India.
• https://www.slideshare.net/mobile/bunniee/gstppt-69564229.
• https://www.investopedia.com/terms/t/taxes.asp.
• http://www.economicsdiscussion.net/taxes/advantages-and-
disadvantages-of-indirect-taxes/1944.
• https://www-caclubindia-
com.cdn.ampproject.org/v/s/www.caclubindia.com/amp/articl
es/a-study-on-gst--3935.asp?
amp_js_v=a3&amp_gsa=1&usqp=mq331AQFKAGwASA
%3D#aoh=15862626560256&referrer=https%3A%2F
%2Fwww.google.com&amp_tf=From
%20%251%24s&ampshare=https%3A%2F
%2Fwww.caclubindia.com%2Farticles%2Fa-study-on-gst--
3935.asp.