Internship Report

A STUDY ON GOODS AND SERVICES TAX FILING MECHANISMS WITH REFERENCES TO RAM PRAKASH & CO
TABLE OF CONTENTS
CHAPTER PARTICULARS PAGE NUMBER

NO
01. INTRODUCTION 9-36
02. DESIGN OF THE STUDY 37-38
03. DISCUSSION 39--69
04. LEARNING OUTCOME 70-79
BIBLIOGRAPHY
ANNEXURE
GOVERNMENT FIRST GRADE COLLEGE, VIJAYANAGARA BENGALURU - 560104. 1

CHAPTER 01: INTRODUCTION
Goods and service tax.
France was the first country to implement GST in 1954. Since, then 160 countries to implement GST in India
began in the year 2000. When a committee was set up to draft law, it took 17 years from then to evaluate the law.
In 2017 the GST bill was passed in the Lok Sabha and Rajya Sabha, on 1st July 2017 the GST law came into force
in India.
The introduction of GST in India is a significant step in the field of indirect tax reforms. By Amalgamating many
central and state taxes into a single tax, it would be cascading or double taxation in a major way and pave the view
for common national market.
Point of view list advanced status will be in terms of induction in overall tax burden or goods and services. GST
will also make Indian product competitive in domestic and international market. It will have a boosting impact on
economic growth.
1.1 The historical background of just India:
● Sir James Wilson introduced the tax system in India in 1860. After this. The index structure has been
implemented.
● Under the previous tax regime, the Central government used to levy excise duty, Custom Beauty Add
Central Sales Tax State Government VAT, Luxury., October tax, entertainment tax and betting and
gambling tax. This is the structure of indirect tax.
● The GST is introduced by consolidating multiple indirect tax into a single tax, in simple words “Cascading
Tax Effect” means a tax on tax.
● Initially, it was proposed that GST would be introduced from 1st April 2010.
● The empowered committee of the state finance ministry, which had formulated the result of state VAT was
requested to come up with the road map and structure for GST.

● Based on the discussions between the state and central government, the EC its first discussion table on GST
in November 2009.
● Remove the meeting to lose positional amendment Bill 122 for GST Lok Sabha and Rajya Sabha finally the
bill passed on May 2015.
● The bill would certain amendment was finally passed in the month of August 2016.
● Finally, 122 Amendment bill of the Constitution of India, officially has constitutional. 2016 introduced a
national list in India from 1st of July 2017.
● The bill provides for a levy of GST On all the goods or services except the Alcohol for human consumption
and petroleum products.
● In keeping with the structure of India GST is levied concurrently by the CGST and SGST based on the
destination principle.
For example:
Consider the goods manufactured in Maharashtra are sold to the final consumer in Karnataka. Since GST is levied
at the point of consumption, the entire tax revenue will go to Karnataka and Not Maharashtra.
1.2 WHY WAS GST REQUIRED?
The GST is the biggest and most important tax reform in India. The inclusion of various indirect taxes into the
GST reduces manufacturing and production costs and aids in the country's economic growth. The rates and
regulations for VAT varied by state. Also, it's been noticed that states frequently seek to lower these rates to entice
investors. This resulted in the loss of revenue for both the Central government as well as other State governments.
GST, on the other hand, implements standard tax regulations throughout all states, covering a wide range of
businesses. According to a preset and pre-approved formula, the taxes are distributed between the Central and State
governments in this case. Furthermore, because there is no additional state-levied tax, it is much easier to sell
services and goods uniformly across the country.
1.3 Meaning of GST:
Goods and Service Tax is an indirect tax levied on the supply of goods and services. GST is a destination based on
tax and leaving at single point at the time of consumption of goods and services by the ultimate consumer.

1.4 Definition of GST:
Article 366 of the Constitutional Amendment Act 2016 defines “Goods and service tax as any tax on supply of
goods or services or both except for tax on the supply of alcohol liquor for human consumption and petroleum
products”.
1.5 Objectives of GST:
● To make Unified law by involving all the tax, laws, and administration procedure across the country one
country one tax.
● To implement consumption-based taxation.
● To eliminate the cascading effect on tax, that is double taxation.
● To reduce double taxation and corruption.
● To reduce unhealthy competition among the state.
● To reduce complications in tax administration.
● To improve GDP ratio.
● Simplification of tax structure.
● To ensure uniform GST registration payment.
● Promotion of easy of doing business
1.6 FEATURES OF GST
1. SINGLE INDIRECT TAX:
GST has been introduced as a single, unified tax reform. It has eliminated many existing indirect center and state
taxes like Central Value Added Tax, Special Additional Duty of Customs, Service Tax, and VAT and converted

them into a single tax. The elimination of these indirect taxes has not only made tax compliance easier for
businesses but has also helped in making many of the goods and services more affordable for the consumers.
2. INPUT TAX CREDIT SYSTEM:
One of the most prominent GST features in India is the input tax credit. If a manufacturer or service provider has
already paid input tax on a purchase, the same can be deducted from their total output tax liability. The input and
output invoices need to match to take advantage of the tax credit. This helps in removing the cascading tax effect
or the traditional ‘tax-on-tax’ regime. Moreover, it also helps in reducing tax evasion.
3. GST COMPOSITION SCHEME:
SMEs with an annual turnover of up to Rs. 1 crore or Rs. 75 lakhs in specified states can also voluntarily opt for
the composition scheme. With this scheme, the businesses can pay a fixed GST rate of 1% on their turnover.
However, such businesses can then not use the input tax credit benefit. A business needs to select between whether
they want to use the composition scheme or the input tax credit feature.
4. FOUR-TIER TAX STRUCTURE:
GST has a 4-tier tax structure of 5%, 12%, 18%, and 28%. All the goods and services can only be taxed as per this
tax structure. Many of the essential commodities such as food items do not have any GST.
1.7 KEY FEATURES OF GST
● Dual Goods and Service Tax
● Destination-Based Consumption
● Computation of GST based on invoice credit method
● Payment of GST
● Goods and Services Tax Network (GSTN).
1.8 Advantages of GST

● GST is the major source of revenue for the government.
● Through indirect tax the large amount of resources collected can be utilized for the economic development
of the country.
● The calculation and determination of tax liability is simple.
● As taxes are very normal consumers do not feel the burden when paying such small amounts.
● GST is very easy to operate and learn.
1.9 Disadvantages of GST:
● Indirect taxes are regressive, that is poor people have to pay the same rate of tax on purchase of
commodities.
● The indirect tax is uncertain as demand fluctuates these taxes will also fluctuate.
● It is uneconomical because its cost is very high.
● Indirect taxes are not industry friendly, the taxes levied on raw materials and goods which increase the cost
of production.
1.10 Subsuming of taxes:
GST is commonly described as an Indirect, comprehensive broad based consumption tax. The dual GST which is
implemented in India subsumed many consumptions tax the objective is to remove the multiplicity of tax levied
and reduce the effect of cascading taxes.
I. Central taxes to be subsumed under GST:
● Central excise duty that is CENVAT.
● Additional excise duties.

● Service tax
● Additional custom duty commonly known as counter vailing duty.
● Special additional duty of customs.
● Search charges and Cess levied by central government.
II. State taxes to be subsumed in GST:
● VAT / Sales tax
● Entertainment tax
● Luxury tax
● Taxes on lottery and betting
● Octroi and entry tax
● Purchase tax.
● Tax on advertising.
Taxes which are not to be subsumed:
GST has not subsumed the following taxes under control.
⮚ Basic customs duty: These are protective duties levied at the time of import of goods to India.
⮚ Export duty: This duty is imposed at the time of export of certain goods which are not available in India.
⮚ Road and passenger’s tax: These are charged based on the passenger’s usage therefore it is not coming
under GST.
⮚ Toll tax: These taxes are in the nature of user fees and not in the nature of taxes on goods and services.

GST tax rate structure:
⮚ zero rate: zero rate tax is a nil tax that is applied on goods and services zero rated items includes milk, eggs,
buttermilk, fresh meat, fish, chicken, natural honey, fresh fruits and vegetables salt, stamps, judicial papers,
printed books, newspapers, bangles Etc.
⮚ Lower rate:a lower rate of 5% will be applied on items like coffee, tea, edible oil, coal, spices, frozen
vegetables, medicines, kerosene, life board, cotton fabric Etc.
⮚ Standard rate: There are 2 standard rates that have been finalised by the GST council that is 12% and 18%.
Processed food, butter, cheese, ghee, powder, agarbatti, umbrella, and mobile phones will be taxed at 12%.
Hey refined sugar, soaps, ice cream, mineral water, tissues, camera, speakers, capital goods, industry
intermediaries, computers and printers will be taxed at the second hey standard rate of 18%.
⮚ Higher rate: A higher rate of 28% will be levied on white goods, this includes the items such as washing
machine, high end motorcycles, air conditioners, refrigerators, small cars and hair shampoos Etc.
⮚ Special rates: certain precious metals like gold, silver, ornaments, precious stones are taxable at 3%.
⮚ Additional cess: The new GST structure will collect an additional cess on top of 28% firestop the cells will
be applied on demerit goods like pan masala, tobacco related products, aerated drinks and motor vehicles.
1.11 GST dual model structure:
Since July 2017 India has been following their GST model, which is made up of the hey following
components.
SGST: GST collected by state government.
CGST: GST collected by central government.
When the sale of goods and services takes place within the same state both taxes will be levied. If the
movement of goods occurs between 2 different states combined tax called integrated GST [IGST] will be
collected by the central government.
To understand the dual GST model let's stick a look at the following scenarios:
● Scenario 1: ley of SGST and CGST

Let us assume that distributor “A” in Chennai purchases goods from manufacturer “B” in Tirupur Tamil
Nadu since the sale and movement of course happens within the state CGST and SGST will be levied on
the sale.
● Scenario 2: levy of IGST
Let us assume that distributor “A” in Belgaum Karnataka purchased goods from a manufacturer “B” in
Salem Tamil Nadu here the sale and movement of goods happens between 2 different states therefore IGST
will be levied on the sale.
● Scenario 3: levy of IGST on imports
Let us assume that manufacturer “A” in USA supplies goods to a distributor “B” in Tamil Nadu here goods
are imported from USA therefore IGST would be levied on import sales.
● Scenario 4: GST is not levied.
Let us assume that the goods are exported from India to Japan, therefore no GST will be levied on export
sales.
1.12 What is SGST?
The State Goods and Services Tax is one of the GST types which the government of a particular state imposes. The
state government taxes goods and services within the state (intrastate, for example Mysore), and the state
government is the sole beneficiary of the collected revenue.
The SGST replaces various state-level taxes such as lottery tax, luxury tax, VAT, purchase tax and sales tax.
However, if the transaction of the goods is interstate (outside the state), then both SGST and CGST are applied.
But, if the goods and services are transactions within the state, only SGST is imposed.
The rate of GST is equally divided between the two types of GSTs. For instance, when the traders sell their
commodities within their state, they must pay SGST and CGST. The revenue earned from SGST belongs to the
state government and revenue from CGST to the central government.
The SGST of various goods and services depends on the government notification published from time to time.
SGST Rates

Commodities SGST
Common Groceries such as Tea, Salt, 2.5%

Spices, Sugar, Etc.
Processed foods 6%
Electronic good
Capital Goods, toiletries, etc. 9%
Premium luxury commodities 14%
1.13 What is CGST?
The Central goods and Services tax applies to the intrastate (within the state) supply of goods and services. The
central government taxes it. The CGST Act governs this type of GST. Here, the revenue generated from the CGST
is collected along with the SGST and is divided between the central and state government.
For instance, when a trader makes a transaction within the state, the goods are taxed with SGST and CGST. The
GST rate is divided equally between SGST and CGST, while the revenue collected under the CGST belongs to the
central government.
CGST Rates
Commodities CGST
Common Groceries such as Tea, Salt, 2.5%

Spices, Sugar, Etc.
Processed foods 6%
Electronic good

1.14 What is IGST?
The Integrated Goods and Services tax is a type of GST, where the tax applies on the interstate supply of goods and
services. This GST type is also imposed on the goods and services that are imported as well as exported. The IGST
Act governs it, and the central government is responsible for the collection of IGST.
The collected IGST is equally divided into central and state government portions. The State portion of the IGST is
provided to the state where the goods and services are received. The remaining IGST received goes to the central
government.
For instance, when the trader makes a supply between two states, the type of tax in this case would be IGST.
1.15 IGST Rates
Commodities IGST
Common Groceries such as Tea, Salt, 5%

Spices, Sugar, Etc.
Processed foods 12%
Electronic good

1.16 Composition
scheme:
▪ To bring simplicity and to reduce the compliance cost for the small taxpayers a simplified scheme has been
introduced under section 10 of CGST act called as composition scheme.
▪ It is available to the Assessee whose aggregate turnover in the proceedings financial year does not exceed
Rs. 1.5 crores. In case of Uttarakhand, Arunachal Pradesh, Assam, Sikkim, Tripura, Nagaland, Mizoram,
Manipur, Meghalaya and this limit Rs. 75 lakhs.

▪ Composition schemes optional not mandatory.
▪ The person opting for composition scheme is required to file quarterly GST returns such person's will have
to pay on his total turnover like manufacturer 1% traders’ supplier of goods and drinks 5%.
▪ This scheme is not available to the manufacturer of ice creams. Pan masala, aerated bottle, tobacco
products.
▪ Composition scheme dealers cannot make interstate supplies, imports/ exports.
▪ Composite dealer is not permitted to collect GST, because such person will have to pay tax on his total
turnover out of his pocket.
▪ He cannot issue tax invoice to the customer a dealer cannot supply goods not taxable under GST such as
alcohol.
▪ No input tax credit is available to the composition dealer and this scheme is not applicable to casual taxable
persons and non-residential Indians.
▪ If 1 unit of business is intangible to opt for composition scheme, then all other business units registered
under same PAN shall become intangible for composition scheme.
Salient features of CGST act 2017:
▪ CGST act 2017 has been enacted to make a provision for levy and collection of tax on Intra-state supply of
goods and services by the central government.
▪ Every supplier shall be liable to be registered if his turnover in case of special in a financial year exceeds 20
lakhs.
▪ In case of special category states like Uttarakhand, Sikkim, Himachal Pradesh, Mizoram, Meghalaya,
Nagaland, Tripura, Arunachala Pradesh, assam, Manipur and Jammu and Kashmir registration is required if
his aggregate turnover exceeds 10 lakhs.
▪ A business entity with turnover up to 1.5 crore, full special category states up to 75,00,000 can avail the
benefit of composition scheme.

▪ Taxpayer can use the CGST or S GST Input Tax Credit for payment of IGST.
▪ The liability to pay CST in relation to supply of goods and services will arise on the date of Issue of
invoice, Receipt of payment, whichever is earlier.
▪ Every taxpayer shall self-assess and file tax returns monthly by submitting details of supply, payment of tax
and incentives receive.
▪ To prevent cascading of taxes, it could be admissible all goods and services used in the Furtherance of
business.
▪ every taxpayer shall be assigned GST compliance rating score based on his record of complaints. This will
be updated at periodic intervals and replaced in the public domain.
▪ To mitigate any financial hardship being suffered by taxpayer cover, Commissioner has been empowered to
payment of taxes and instalments.
Silent features of SGST Act 2017.
▪ As per GST constitutional amendment cover. All states have mandatory passed Goods and Service Tax
Bill.
▪ Telangana is the first state to pass the GST bill, out while other states took its own time to pass the state
GST Bill.
▪ Karnataka is the 25th state to pass the bill. SGST is levied on Interstate supply of goods and services.
▪ CST ACT of each state is virtually copy of GST ACT. Section number and subsection numbers are the
same.
▪ Rules and notifications are also identical.
▪ The only change in the respect of mentioning the states authority instead of central authority and state tax
instead of central tax.
Salient features of IGST:

▪ CST That is Central State Tax will be discontinued.
▪ Center would levy I GST on Interstate transactions of taxable goods and services.
▪ collected by the Central will be apportioned between Central and the state where supply of goods and
services received.
▪ The provisions of CGST Act regarding to registration, valuation, commodity fund Etc, will be applicable to
the GST or also as payment of tax will be in online platform and the process will be easy to adjudicate the
disputes and manipulations.
1.17 GST registration procedure.
Provision centre section 25 Of the CGST Act 2017 related to procedure for registration are as under.
1. Every person who is liable to be registered shall apply for registration within 30 days from the date on
which he becomes liable for registration.
2. Before applying for registration, the taxpayer shall declare his,
▪ legal name of business.
▪ PAN- Permanent account number.
▪ Mobile number.
▪ Email address.
▪ State.
In part ‘A’ form GST REG-1 Non common portal.
3. On successful verification of peace above details ‘A’ reference number will be generated.
4. publication. Submit Part-B of form GST REG-1 duly signed, along with documents specified in the form
at the Common Portal.

5. recipe of an application and upload will shall be issued electronically to the applicant in the form GST
REG-2.
6. Further if these documents are found to be in order the official approval registration within 3 working days,
7 days in case of deficiency from the date of submission.
7. If the application for grant of registration has been approved, certificate of registration will be issued in the
form GST REG-6.
8. The Registration certificate shows the principal place of business and additional place of business if any
changes made available to the applicant on the common portal.
9. 15-digit Goods and Service Tax Identification Number shall be assigned.
1.18 Format of GSTIN
GST in number Will be 15 digit, Next 2 digits will be state code, Next11 digits will be PAN number, in remaining
3 digits 2 digits will be entity code and last digit will be error check code.
1.19 Person liable for registration:
Provisions under section 22 of the CST Act 2017 relating to the “person liable for registration”.
1. Every supplier shall be liable to be registered under the Act in the state from where he makes the taxable
supply of goods and services, registration is required if is aggregate turnover in the financial year exceed
20,00,000 and for special category states 10,00,000.
2. Casual taxable person or non-resident taxable person shall apply for registration. The validation for
registration is 90 days.
3. A person having multiple business verticals in one state may obtain separate registration for each business.
1.20 Persons not liable for registration.
Provisions under section 23 of the CST Act 2017 relating to “persons not liable for registration are as under”.
1. Any person engaged exclusively the export activities.

2. Agriculturist to the extent of supply of products out of cultivation land.
3. The government may recommend the Council, by notification, specify the category of persons who may be
exempted from obtaining registration under this Act.

Cancellation of registration:
Cancellation of GST registration can be done by the proper officer by his legal rights.
The registration can be temporarily cancelled under the following situations.
1. If the registered person violates the provisions of the act.

2. If the registered person does not conduct business at the declared place of business.
3. If the business has been discontinued.
4. If there is any change in the constitution of the business.
5. If the registered person issues the invoice or bill without supply of goods and services.
6. If the taxable person is no longer liable to be registered.
In the following cases, the proper officer shall cancel the registration.
1. If the person covered under the composition scheme has not furnished returns for 3 consecutive tax periods.
2. If the registered person has not furnished returns for the period of 6 months.
3. If the person has not commenced business within 6 months from the date of registration.
4. Hindi person has obtained the business by mean of fraud.
1.21 Procedure for cancellation:
1. If the. Proper officer has reasons to believe that the registration of a person is liable to be cancelled. He
shall issue a notice to such person in form GST REG-17, Requiring a reply within the period of 7 working
days. If the reply to the notice found to be satisfactory, the proper officer shall drop the proceedings and
pass an order in form GST REG-20.
2. Registered person may apply for revocation of cancelled registration in form GST REG-21. If the proper
officer is satisfied that there are sufficient grounds for revocation of cancellation of registration, he shall
revoke the Cancellation in the form GST REG-22 Within the period of 30 days from the date of receipt of
application.
1.22 Taxable event
Taxable event refers to the occurrence That figures the levy of GST On the supply of goods and services, it is
crucial for determining the total GST payable the taxable event in GST are:
● Supply of goods or services.

● Time of supply.
● Continuous supply of goods or services.
● Reverse charge mechanism.
Why do we need GST?
The previous tax system involved multiple taxes, complex compliance procedures, and interventions by several
state and central tax divisions. This made it highly difficult to set up and run a business in India.
Under the GST regime, instead of applying taxes on the total value of the product at stage, the GST only imposes
tax on value addition, since it provides credit for the input tax paid at each previous stage of a supply chain, this
method considerably reduces the overall cost of manufacturing and selling goods.
How can GST change this?
Instead of applying taxes on the total value of the product at each stage, the GST only imposes tax on value
addition, because it provides credit for the input tax paid at each previous stage of a supply chain, this method
considerably reduces the overall manufacturing cost.
Let's take a closer look at how this works with a simple example.
Comparision of previous tax structure vs. GST
Imagine a manufacturer selling zinc-coated steel buckets to a wholesaler located in the same state (let's call it State
1) for Rs. 1000 each plus tax.
Note: In this example, we are assuming that all taxes associated with the manufacturing process have been paid
under selling price. In the first stage. Is the final price set by the manufacturer (Excluding VAT).
1.23 Previous tax structure.
● The manufacturer sells the buckets to a wholesaler located in state ₹1000 each, plus a VAT of 10% (Which
adds ₹100 per bucket).

● Wholesaler in state one buys the bucket for ₹1100 piece and increases the selling price to ₹2000 per bucket
before selling a few of them to a retailer located in the different state. Under the pre-GST regime, this
Interstate say will attract a central sales tax (CST) 12% of ₹2000 (Which adds ₹240 CST per bucket).
● The retailer pays ₹2240 per bucket, Increases the price by 20%, And offers the buckets to local consumers
in state ₹24, 2068 plus a Vat of 15% (₹403.20 per bucket).
● And consumer patient total of ₹3091.20 per bucket.
Note: Here we have assumed the VAT rate in State one to be 10% while the VAT rate in state two is 15%. This is
because under the pre-GST system, the VAT rates are different across different states.
In the above example you can see that at every stage of the process, the application of tax is non uniform. The tax
rate and type are different each time and getting ITC is difficult or impossible because the different taxes are
governed by different authorities.
1.24 In case of GST.
● The manufacturer sells the buckets to wholesaler located in state ₹1000. Each plus GST of 10% (which
adds ₹100 per bucket).
● The wholesaler in state one buys them ₹4 1100 per piece and increases the total selling price 2 ₹2000 per
bucket before selling a few of them to retailers located in different state. Under the GST regime This
Interstate sale will attract an IFSC of 10% on ₹2000 (which adds ₹200 per bucket).
● The retailer pays Rs 2200 per bucket, increases the price by 20% and offers the buckets to local consumer
in state 2 for ₹2640 plus GST of 10% (which adds another ₹264 per bucket).
● The end consumer pays a total of ₹2904.
Note: Here we have assumed the GST on coated steel buckets to be 10%. GST for the bucket will stay the same
throughout India, irrespective of whether it is an intrastate sale or interstate sale.
1.25 GOODS AND SARVICES TAX NETWORKS (GSTN)

The GSTN software is developed by Infosys Technologies and the Information Technology network that provides
the computing resources is maintained by the NIC. "Goods and Services Tax Network" (GSTN) is a nonprofit
organization formed for creating a sophisticated network, accessible to stakeholders, government and taxpayers to
access information from a single source.
(portal). The portal is accessible to the Tax authorities for tracking down every transaction, while taxpayers can
connect for their tax returns. The GSTN's authorized capital is ₹10 crore (US$1.3 million) in which initially the
Central Government held 24.5 percent of shares while the state government held 24.5 percent. The remaining 51
percent were held by non-Government financial institutions, HDFC and HDFC Bank hold 20%, ICICI Bank holds
10%, NSE Strategic Investment holds 10% and LIC Housing Finance holds 11%.[41][42] However, later it was
made a wholly owned government company having equal shares of state and central government.
1.26 The impact of GST on different sectors of the economy.
1. Impact of GST on retailers, distributors and manufacturing sector:
Goods and service tax has boosted performance and competitiveness in Indian retailers, distributors and
manufacturing sectors. Declining exports and high expenses are only the portion of the bodies of the sector.
Various indirect taxes are released expenses. For distributors and manufacturers with Goods and Service tax
system set up, the troubles of old direct tax system have vanished, and this sector will develop much better.
2. Impact of GST on agricultural sector:
The impact of GST on agricultural sector or the effect of GST on agricultural is positive. The agricultural sector is
a significant sector to the overall Indian domestic product. It covers around 16% of the Indian domestic product.
The introduction of the Goods and service tax has affected different sectors of society. What are the significant
issues looked at by the agriculture sector is the transportation occurs across states all over India.
Transportation may be the most likely issue for the agricultural sector with regard to goods and Service tax. Goods
and Service tax may help India informing its first national market for agricultural items.
3. Impact of GST on textile sector:
GST has shown positive effect, account, reward and textile pieces of comments as one of the GST benefits sectors.
This new system is beneficial to them. Some of advantages which GST came to the textile sectors are:

● The input tax credit or ITC framework or chain.
● Input Tax Credit, or ITC, is currently available on the capital goods.
● The cost of the transport team is currently low, in contrast with the past tax system.
4. Impact of GST on the IT sector:
Although the goods and service tax rate for services increased to 80% compared to the old system. The information
technology sector is one of the GST benefit sectors. Different factors like accessibility of input tax credit or ITC
cut down the operating expenses inconsequently expand the information technology sector general productivity.
The main areas of the GST impact on IT sectors are below:
● The simple tax rate administration.
● Removal of cascading effect of taxes.
● Business Restructuring.
● E Commerce.
● Opportunities in creating software for GST.
5. Impact of GST on hotel and tourism:
Income generated from the tourism and hotel industry forms an important part of the Indian economy. The help in
expanding the GDP of India. This is the reason each state government continues advancing the travel industry of
their state by different schemes. The rate of GST varies for the inns because of tariffs.
Goods and services tax rates for hotels are dependent on room tariff with impact from 1st October 2019.
● If the tariff range below ₹1000, then there will be no GST.
● If the tariff ranged between ₹1000 to 7500, then 12% GST will be limited.
● The tariff is more than 7500, then 18% of GST will be levied.

GST brought a single tax rate compared to the multiple cities system. This has made it easier for the industry,
provides clarity customer as well. So, say that the hotel and tourism industry is one of the sectors to benefit from
GST.
6. Impact of GST on the entertainment industry:
Entertainment industry is one of the GST benefit sectors. Before the invention of GST, the entertainment sector
had many taxes. They are not restricted to one tax or duty. They included state tax, central tax and tax for the local
authority. However, when GST came into motion, they moved into just one text.
GST was running between 18% to 20%. The tax rate dependent upon the sort of entertainment services provided.
Things inside the18% GST:
● Movie tickets.
● Television and DTH services.
● Theatre.
● Circus.
Things inside the 28% GST:
● Sporting event.
● Racing.
● Movie events and festivals.
● Amusement parks.
● Casinos.
7. Impact of GST on automobile sector:

Following Goods and Service Tax implementation, a wide range of taxes like Excise Duties, VAT, Sales tax and
road tax cleared a path for Unified Goods and Service Tax Brought an increase in automobile Deals. Numerous
huge automobile brands experienced record growth in the year 2018-2019. Customers believe it to be the ideal
chance to buy vehicles. Thus, the automobile is another of the GST benefit sectors.
8. Impact of GST on export-import sector:
Before the meeting, the GST, important exports were administered by the customs duty, excise duty, value added
tax and service tax. All these taxes are put together as one at the point when GST was presented. yet the BCD or
basic customs duty keeps on eating away import bills. IGST include all taxes which are administering the import of
goods and services before the service tax. Those taxes were:
● Countervailing duty.
● Special Additional duty.
At the point when IGST was applied then:
● Exports became zero rated as per section 16 of the Integrated Goods and Service Tax Act 2017.
● The state government under central government shares the duty.
9. Impact of GST on the education sector:
Whenever there is a conversation over the development and growth of country, the main thing thought about is the
strength of the country is education sector. The education sector is more of the GST benefited sectors. The
education of people has significant part in the strength of nation.
The government has therefore tried to keep education related institution excluded from the duties of taxes, in the
new Goods and Service Tax system. These include the services given any educational association to its staff,
faculty and student.
10. Impact of GST on Real Estate:
The sector has seen a good growth in recent years and has been a vast business area. It is an industry that is
generally reliant on tax rates. Goods and service tax on real estate has brought more productive activities and

numerous new brands have come up. Subsequently, these brands have been able to help the economy of the nation
enormously. Therefore, this too, has been one of the sectors to benefit from GST.
11. Impact GST on iron and steel:
3 shots of taxes were applied on the manufacturing of iron and steel. Those duties were:
● 2% of central state tax.
● 5% of value added tax.
● 12.5% of excise duty.
When we see there is an aggregate of 19.5% duty that is forced Upon the iron and steel in the old system. Under
GST, most of the manufacture fall in the 12% and 18% category while a few items allowed to 28%. So, we can see
that the iron and steel industries all the sectors student from the store.
12. Impact of GST on service sector:
It is no news that the introduction of GST will be representing some significant benefits and a couple of weakness
to the service sector.
Many service sectors had a lot of changes as they adjusted to the presentation of these new tax system. We can be
sure that a considerable lot of them are glad given the changes. You can believe that this new tax collection
framework will likewise influence individuals All in all, and not just businesses. Things considered, there has been
a positive GST impact on the service sector.
The positive GST impact on service sector is:
● No double taxation.
● Easier taxation for repairs and maintenance.
● Access to inputs held in stock.
● Fewer costs to service providers.

● It will bring equality in all states.
● The cost of inputs is likely to drop.
Concept of supply:
Under Section 7 0f CGST Act 2017.
Supply of both goods and services, defined as sale, transfer, barter, exchange, or disposal, made for consideration
papers in course of furtherance Business.
⮚ Nature or scope of supply:
1. Supply of goods and services

2. Supply should be made for consideration.
3. Supply should be made in the course or furtherance of business.
4. Supply should be made by a taxable person.
5. Supply should be a taxable supply.
6. Supply should be made within the taxable territory.
Types of supply:
1. Based on location:
i. Intra state supply: GST supply of goods and services within the same state is called intra state supply. In
this case, the GST rate for goods and service could remain the same. However, the GST amount is divided
equally into the 2 heads, namely SGST and CGST.
ii. Interstate supply: Under GST, Goods and services from one state to another state could be called as
Interstate supply where the goods are transferred into 2 different states. In addition to the above, supply of
goods imported into India is also classified as Interstate supply.
2. Based on combination:
i. Composite supply: As per Section 2 (30) or CST Act 2017, the term composite supply means for supply
made by taxable person to a recipient consisting of two or more taxable supplies of goods and services
which are naturally bundled and supplied in an ordinary course. For example: If you buy a home theatre

system along with warranty, such supply is composite supply. In this case, the supply of home theatre
system is a principal supply and warranty is a composite supply.
ii. Principal supply: As per Section 2(90) of CGST act 2017, The term principal supply means supply of goods
and services which constitutes the predominant element of a composite supply. For example: Free Wi-Fi
services provided during stay in hotel.
iii. Mixed supply: As per Section 2(74) of CGST act 2017, the term mixed supply means two or more
individual supply of goods and services made conjunction with each other by taxable person for single
price, this supply has highest tax rates. For example: Diwali gift box consisting of sweets, Dry fruits Add
juice supply for a single price is mixed supply.
3. Based on recipient:
i. Inward supply: It means Receipt of Google services, whether by purchase, acquisition or any other means
with or without consideration.
ii. Outward supply: it means supply of goods and services, whether by sales, transfer, barter, exchange or
disposal made for consideration for the course of furtherance of business.
1.27 Input tax credit.
As per Section 2(62) of the Central Goods and Service Tax Act, 2017, input tax credit is related to registered
person means Central tax, State tax, integrated tax Charged on supply of goods and services.
Eligibility and conditions for taking input tax credit
1. Every registered person is entitled to claim ITC, if supply of personal services is used in the course of
business.
2. Registered person shall not be added to input tax credit for any supply of goods or services. If
● He is not in position of tax invoice by registered supplier.
● He has not received the goods and services.
● He has not finished the returns.
● goods purchase used for supplying exempted goods and services.

3. If person acquires a motor vehicle having seating capacity of 13 persons or less, including drivers for
transportation of persons, ITC is not available.
4. It is not allowed if company purchases aircraft for any other purpose, other than transportation of goods and
passengers.
5. Tax credit on input service pertaining to repairs, insurance and maintenance of motor vehicle or aircraft is
not available.
6. Input tax credit is not available in respect of goods and services received by non-residential taxable person.
7. Input tax credit is not available in respect of goods and services used for personal purpose.
8. Input tax credit pertaining to goods lost, stolen goods, gifts, Free samples are not available.
9. Food, Club membership fee, travelling benefits is provided by the employer to his employee, Input tax
credit is not allowed.
10. ITC on Goods and services received by person covered under composition scheme is not available.
11. ITC on Goods and services used in construction of immovable property is allowed only in the case of
capital goods.

PROFILE OF THE COMPANY
RAMPRAKASH &CO.,
(Advocates, Legal & Tax consultants)
Year of Establishment: 4-4-2014
Founder: PRAKASH .M A
Profile of the founder
Name: Prakash M.A
Age: 36
Register No (Government of India): KAR/ 93/2023
Facilities: Automized Office with computers
Paid Audit staff: 9
Office address : #60,Sanvika Nivasa, 5th main ,HP Petrol bunk Road, Venkateshwara Layout, Herohalli,
Vishwaneedam Post ,Bengaluru - 560091
PRAKASH .M A (M.Com, E-MBA,LLB ) who completed Taxation law under KSLU UNIVERSITY
HUBBALI and Masters in Commerce , Executive master of business administration under BANGLORE
UNIVERITY.

ABOUT THE ORGANIZATION
RAM PRAKASH AND COMPANY (ADVOCATE, LEGAL

AND TAX CONSULTANTS)
(Auditing and accounting, Registration & Renewals, loans

Projections and Documents, legal consultancy, Statutory compliance)
It was founded in the year 2014 and they have accomplished so much over the years to create a world where to
monitor periodically and inspecting a company’s accounting book to verify that they are accurate and
comprehensive. They periodically compute the tax liability and calculate tax returns. They work with professionals
from various departments to ensure compliance with prescribed financial norms and protocols. Their main goal is
to provide exact and reliable information.
The founder PRAKASH M.A was inspired to start this company by believing the following words,
“The best accountants don’t just interpret numbers; they decipher the language of financial success”.
Accounting greatness is not just about what you calculate; it’s about the financial stories you unfold.

Ram Prakash group of services who provides a wide range of services like audit, tax, loans, insurance, legal
consultancy.
● UAN activation/DOE update
● E-nomination/KYC correction
● PF advance/PF loan claim
● PF transfer/PF death claim
● PF/pension full settlement
● Aadhar card/PAN
● Life/health insurance
● Term/vehicle insurance
● Property sale/purchase

● Pahani/EC/khata works
At RAM PRAKSH & CO., they provide a wide range of services like,
● GST registration/returns
● GST refund/cancellation
● Income tax returns filing
● E-way bill/TDS and TCS refund
● Udyam registration (MSME)
● Contract Labour license
● Personal loan/LAP loan
● Vehicle loan documents
● Bank loan project report
● CA turnover certificate
● Projected balance sheet, p and l
● School audit/trust audit
● Trade mark
● Annual returns
● ESI

● PF
● Legal consultancy
● Scrutiny Appearances
● Copy Rights
At PRAKASH M.A they provide a useful constructive feedback. They will provide a detailed, specific and honest
information to the public. They create a good balance between the customers, suppliers, shareholders etc. They
have a strong leadership, open communication, growth opportunities, work life balance recognition and rewards,
diversity and inclusion.
PRAKASH M.As is domain expert in the field of direct and indirect tax consultancy services they are a team of
tax consultants, CA, advocates, financial advisors offering various business entity their taxation services to the
manufacturers, traders, dealers, distributors, corporate, non-corporate and service providers assesse. Their services
are sought for various commercial, legal and taxation complications and compliance.
RAMPRAKASH & CO., and associates was inspected in the year 2014 at Anjananagar . Mr. Prakash is the
founder under whose leadership the firm is scaling new heights in business endeavor.

● Understanding the client requirement
● Client’s business model and organizational structure
● System of compilation of data
● Accounting and internal control system
● Analyze the record maintained
● Appraise present status of compliance of law
● Determine the coverage
● Defining scope of services
let's break down a SWOT analysis for Ramprakash and Co.:
Strengths:

1. Established brand reputation: If Ramprakash and Co. have been in business for a while, they likely have built a
strong reputation among customers.
2. Diverse product range: Offering a wide variety of products can attract different customer segments and cater to
various needs.
3. Strong customer loyalty: If they provide excellent customer service or have a unique selling proposition, they
may have a loyal customer base.
4. Efficient supply chain: If they have streamlined processes for sourcing and distribution, it can reduce costs and
improve efficiency.
Weaknesses:
1. Limited market reach: If they operate only in a specific region or have not expanded their reach, they may miss
out on potential customers elsewhere.
2. Dependence on key personnel: If the company heavily relies on specific individuals for decision-making or
operations, it could pose a risk in case of their absence.
3. Outdated technology: If they are not leveraging modern technology for operations or marketing, they may fall
behind competitors.
4. Inadequate financial resources: If they struggle with cash flow or lack sufficient funds for expansion, it can
hinder growth opportunities.
Opportunities:
1. Market expansion: They could explore new markets or target demographics to grow their customer base.
2. E-commerce: Investing in online platforms could open up new avenues for sales and reach a broader audience.
3. Product diversification: Introducing new products or expanding into related industries could help them capture
additional market share.
4. Strategic partnerships: Collaborating with other businesses or forming alliances could provide access to new
resources or markets.

Threats:
1. Intense competition: Competitors offering similar products or services could erode market share or pressure
pricing.
2. Economic downturn: Fluctuations in the economy could affect consumer spending and demand for their
products.
3. Regulatory changes: Changes in regulations or compliance requirements could increase operating costs or limit
market opportunities.
4. Technological disruptions: Advancements in technology could render their products or processes obsolete if they
fail to adapt.
This SWOT analysis can help Ramprakash and Co. identify areas where they excel and areas where they need to
improve or mitigate risks.

Chapter -2
Design of the study
Title of the study
A Study on goods and services tax filing mechanism
Introduction
The implementation of GST has brought about a fundamental shift in the financial relations between the Central
Government and the State Governments in India. GST is a unified tax system that replaced multiple indirect taxes
levied by both the Central and State Governments. Under GST, both the Central and State Governments share the
authority to levy and collect taxes on goods and services. This has led to greater harmonization and uniformity in
the tax structure across States, promoting economic integration.
The GST system follows a dual structure, comprising Central GST (CGST) and State GST (SGST), levied
concurrently by the Central and State governments, respectively. Additionally, an Integrated GST (IGST) is levied
on interstate supplies and imports, which is collected by the Central Government but apportioned to the destination
state.
Need of the study
This research is making to understand various aspects of good and services tax filing and returns To understand the
various challenges in good and services tax filing and returns this research . This research will improve the
knowledge and skills in good and services tax filing and returns.
Scope of the study
This is to understand only good and services tax filing and returns .This research is focused only with reference to
RAMPRAKASH &CO., at Bangalore
Objectives of the study
● To study about various aspects of Good and Services Tax filing and returns.
● To understand the various problems of Good and Services Tax filing and returns.

● To identify the measures of improvement of Good and Services Tax filing and returns.
Research Methodology
The descriptive Research has undertaken to study Good and Services Tax filing and returns.
The major sources of study is based on secondary source.
Data collection
The data as collected through secondary data which includes: articles, journals, magazine, company’s portal and
various web sites.
Operational definition
Goods and Services Tax: The goods and services tax (GST) is a value-added tax (VAT) levied on most goods
and services sold for domestic consumption. The GST is paid by consumers, but it is remitted to the government by
the businesses selling the goods and services.
Tax: an amount of money that a government requires people to pay according to their income, the value of their
property, etc., and that is used to pay for the things done by the government.
Indirect tax: is the tax levied on the consumption of goods and services. It is not directly levied on the income of a
person. Instead, he/she has to pay the tax along with the price of goods or services bought by the seller.
CGST: Stands for Central goods and services tax. It is levied by the central government on the intrastate
movement of goods and services, i.e., transactions within one state.
SGST: SGST is one of the tax components of GST in India. SGST Act expands to State Goods and Service Tax. It
is one of the three categories under Goods and Service Tax (CGST, IGST and SGST) with a concept of one tax one
nation. SGST falls under State Goods and Service Tax Act 2017.
IGST: The full form of IGST is Integrated Goods and Services Tax. Under GST, IGST is a tax levied on all
interstate supplies of goods and/or services or across two or more states/Union Territories. Further, IGST levy and
collection will be governed by the IGST Act, 2017, as amended from time to time.

Limitation
● The time period is limited to 30 to 45 days
● The study is confide only to RAMPRAKASH AND co.,
● This study is only based on academic purpose
Chapter -3
Analysis and discussion
Discussion
1. To study about various aspects of Good and Services Tax filing and returns.
Who can file for GST?
GST Registration process is online based and must be carried out on the government website gst.gov.in. Every
dealer whose annual turnover exceeds Rs.20 lakh (Rs.40 lakh or Rs.10 lakh, as may vary depending upon state and
kind of supplies) has to register for GST.
GST returns has to be filed by all the business entities who are registered under the GST system. The filing process
has to be identified on the basis of the nature of the business.
The registered dealer who part of the following activities needs to file a GST return:
1. Sales
2. Purchase
3. Output Goods and services tax (on Sales)
4. Input Tax Credit with GST paid on the purchase
Goods and Services Tax For Individual
The Goods and Services Tax (GST) is a significant taxation reform in India that has changed the way businesses
and individuals pay taxes. While businesses have been dealing with GST for quite some time, it’s essential for

individuals to understand their roles and responsibilities regarding GST. In this blog, we will explore the various
aspects of GST on individuals, including who needs to register, the types of taxpayers, and the registration process.
GST for Individuals
GST, implemented in India in 2017, is a destination-based tax that subsumes various indirect taxes. It applies to
businesses and individuals alike who meet specific criteria. Individuals who engage in economic activities,
whether as a casual taxable person, non-resident taxable person, or under special provisions, must adhere to
GST regulations.
Who is a Casual Taxable Person under GST?
A casual taxable person is an individual who occasionally undertakes transactions involving the supply of
goods or services but not on a regular basis. For instance, if you participate in a one-time business venture or
exhibition, you may be classified as a casual taxable person. In such cases, you need to register under GST
to comply with tax regulations.
Who is a Non-Resident Taxable Person under GST?
Non-resident taxable persons are individuals residing outside India but occasionally supply goods or services
within the country. If you are a foreigner involved in business transactions in India, you are considered a non-
resident taxable person and must register under GST.
Who is a Composition Taxpayer?
Composition taxpayers are individuals whose annual turnover does not exceed a specified limit (discussed
later in the blog). These taxpayers can opt for the composition scheme, which offers a simplified tax
structure but comes with certain restrictions and limitations.
Who is a QRMP (Quarterly Return Monthly Payment) Taxpayer?
QRMP taxpayers are those individuals whose aggregate turnover falls below a specific threshold, and they
have the option to file GST returns every quarter. This is an excellent option for small taxpayers who want
to reduce the compliance burden.

Compulsorily registration applicable: –
1. Casual taxable persons.
2. Non-resident casual taxable persons.
3. Persons making any inter-state taxable supplies.
4. Agents acting on behalf of a registered taxpayer.
5. E-commerce operators.
6. TDS/TCS deductors.
7. Persons conducting business in a state other than the one they are located in.
8. Persons who sell products on e-commerce sites.
9. Individuals working in the import-export industry.
10. Persons subject to reverse charge taxation.
11. Businesses registered under previous taxes such as VAT, excise, and service tax. 12. Individuals running
an aggregator company.
13. Enter Service Distributors.
14. OIDAR (Online Information Database Access and Retrieval) service providers in India.
THINGS WHICH IS NOT INCLUDED IN GST
1. Petroleum crude
2. High-speed diesel
3. Motor spirit (commonly known as petrol)

4. Natural gas
5. Aviation turbine fuel
How to File GST Returns Online?
From manufacturers and suppliers to dealers and consumers, all taxpayers have to file their tax returns with the
GST department every year. Under the new GST regime, filing tax returns has become automated. GST returns can
be filed online using the software or apps provided by Goods and Service Tax Network (GSTN) which will auto-
populate the details on each GSTR forms. Listed below are the steps for filing GST return online:
Step 1: Visit the GST portal (www.gst.gov.in).
Step 2: A 15-digit GST identification number will be issued based on your state code and PAN number.
Step 3: Upload invoices on the GST portal or the software. An invoice reference number will be issued against
each invoice.
Step 4: After uploading invoices, outward return, inward return, and cumulative monthly return have to be filed
online. If there are any errors, you have the option to correct it and refile the returns.
Step 5: File the outward supply returns in GSTR-1 form through the information section at the GST Common
Portal (GSTN) on or before 10th of the following month.
Step 6: Details of outward supplies furnished by the supplier will be made available in GSTR-2A to the recipient.
Step 7: Recipient has to verify, validate, and modify the details of outward supplies, and also file details of credit
or debit notes.
Step 8: Recipient has to furnish the details of inward supplies of taxable goods and services in GSTR-2 form.
Step 9: The supplier can either accept or reject the modifications of the details of inward supplies made available
by the recipient in GSTR-1A.
Latest updates on GST registration

21st December 2021

From 1st January 2022, CBIC made the aadhaar authentication mandatory to apply for revocation of cancelled
GST registration under the CGST Rule 23 in REG-21.
29th August 2021

Taxpayers can get extended time up to 30th September 2021 to revoke cancelled GST registration if the last date
for the same falls between 1st March 2020 and 31st August 2021. It applies if the GST registration is cancelled
under Section 29(2) clause (b) or (c) of the CGST Act via CGST notification number 34/2021 dated 29th August
2021.
28th May 2021

Due date to file application for revocation of cancellation of registration falling between 15th April 2021 up to 29th
June 2021 is 30th June 2021.
1st May 2021

The time limit to take actions, reply or pass orders as given under Rule 9 of the CGST Rules, 2017 that falls
between 1st May 2021 and 31st May 2021 has been extended up to 15th June 2021.
5th March 2021

The Search ARN Functionality for Registration, post-TRN Login has been enhanced for the taxpayers.
Here is a step-by-step guide on how to complete registration process online on the GST Portal–
Steps to fill up Part-A of GST Registration Application
Step 1 – Go to GST portal. Click on Services. Then, click on the ‘Registration’ tab and thereafter, select ‘New
Registration’.
Step 2 – Enter the following details in Part A –

● Select New Registration radio button
● In the drop-down under ‘I am a’ – select Taxpayer
● Select State and District from the drop down
● Enter the Name of Business and PAN of the business
● Key in the Email Address and Mobile Number. Please note that you don't have to enter your email id and
mobile number if your contact details are linked with PAN.
● You will receive OTPs on the registered email id and mobile number or PAN-linked contact details, as the
case may be.
● Click on Proceed

Step 3 – Enter the two OTPs received on the email and mobile or the PAN-linked contact details. Click on
Continue. If you have not received the OTP click on Resend OTP.
Step 4 – You will receive the 15-digit Temporary Reference Number (TRN) now. This will also be sent to your
email and mobile or PAN-linked contact details. Note down the TRN. You need to complete filling the part-B
details within the next 15 days.
Step 5 – Once again go to the GST portal. Select the ‘New Registration’ tab.
Step 6 – Select Temporary Reference Number (TRN). Enter the TRN and the captcha code and click on Proceed.

Step 7 – You will receive an OTP on the registered mobile and email or PAN-linked contact details. Enter the
OTP and click on Proceed
Step 8 –You will see that the status of the application is shown as drafts. Click on Edit Icon.

Steps to fill Part-B of GST registration application
Step 9 – Part B has 10 sections. Fill in all the details and submit appropriate documents. The Aadhaar
authentication section was added and the bank account section was made non-mandatory in 2020.
Here is the list of documents you need to keep handy while applying for GST registration-
● Photographs
● Constitution of the taxpayer
● Proof for the place of business

● Bank account details*
● Verification and aadhaar authentication, if chosen
* Bank account details are non-mandatory at the time of GST registration since 27th December 2018.
Step 10 – Under the Business Details section, enter the trade name, business constitution and district.
Note: Trade name is completely different from the legal name of the business.
Moving on, select ‘Yes/No’ to opt-in or out of the composition scheme, against the field- “Option for
Composition”. Further, choose the type of registered person as manufacturers or service providers of work contract
or any other person eligible for composition scheme.
Next up, enter the date of commencement of business and date from which liability arises. Also, select ‘Yes/No’
for type of registration as a casual taxable person and if ‘Yes’ is chosen, then generate the challan by entering the
details for advance tax payment as per the GST law for casual taxable persons.

Further, under the ‘Reason to obtain registration, select the reason as ‘Input service distributor’ if that is the case, at
this stage. Alternatively, many other options are available to choose from.
Based on the selection made, enter details in the fields that appear. For example, if you select ‘SEZ unit’, then enter
the name of the SEZ, designation of approving authority, approval order number, etc. and upload the supporting
documents.
In the Indicate Existing Registrations section, choose the type of existing registration such as Central Sales Tax,
Excise or Service Tax, registration number and date of registration. Thereafter, click the ‘Add’ button.
Below screenshot shows the fields discussed above.

Once the details are entered, you notice that the tile turns blue in color indicating the completion of filling up
details in that section.
Step 11 – Under the Promoters/Partners tab, you may enter the details of up to 10 Promoters or Partners.
Personal details such as name, address, mobile number, date of birth, email address and gender and identity details
such as Designation / Status and Director Identification Number if the taxpayer is a company, whether or not an
Indian citizen, PAN and Aadhaar numbers must all be entered.
Fill in the residential address and upload a photograph of the stakeholder. You are allowed to upload PDF or JPEG
files with maximum file size for upload of 1 MB. If the promoter is also the primary authorised signatory, then

make the necessary selection. Click on the ‘SAVE & CONTINUE’ button to proceed.
Step 12 – Enter details of the Authorised signatory similar to the details entered for promoters/partners, in step 10.

In case of GST practitioner, enter the enrollment ID and in case of authorised representative, enter basic details as
asked.

Step 13 – Enter Principal Place of Business details.
The taxpayer’s principal place of business is the primary location within the state where he or she conducts
business. The principal place of business is usually the address where the company’s books of accounts and
documents are stored, as well as where the company’s president or top management is based.
Report the address, district, sector/circle/ward/charge/unit, commissionerate code, division code and range code.
Also, enter the official contact number of taxpayer and nature of possession of premises as rented or owned or
shared, etc.
Next up, upload supporting documents, including consent letter or NOC for business on premises rented out and
upload the proof of SEZ Unit/SEZ Developer approval for the premises, if applicable. Also, checkmark the Nature
of business activities in the premises and add any additional places of businesses. Click on the ‘SAVE &
CONTINUE’ button.
Notes:

● To know jurisdiction, click on the hyperlink available in that section. To know the steps to check jurisdiction,
refer to our page: Steps to find GST jurisdiction.
● If you are applying for registration as the IRP for undertaking CIRP of the taxpayer company, then provide
details of original registration of that taxpayer (known as the corporate debtor)
● For multiple document upload, append all documents as a single file and upload it. The maximum file size is 1
MB and format allowed in either PDF or JPEG and maximum of two files can be submitted

● Step 14 – Submit details of goods and services in the next tab along with the HSN codes or SAC for up to a
maximum of 5 goods and 5 services on the top of your list.
The following screen appears for a composition scheme taxpayer.

Step 15 – Next, enter the Bank details of the taxpayer for up to 10 bank accounts. Submission of bank accounts
details has been made optional from 27th December 2018. If you do not report these details at the time of GST
registration, then after GSTIN is granted, you will get a prompt upon logging in for the first time on the GST portal
to file a non-core amendment application to submit the bank details.
Also, upload supporting documents together with the details

Step 16 – Under the State Specific Information tab, enter the professional tax employee code number, PT
registration certificate number and State Excise License number with the name holding the license. Click on
‘SAVE & CONTINUE’.
Step 17 – Next, choose whether or not you are willing to do Aadhaar authentication. Learn more about the process
and options available from our page, “All you need to know about Aadhaar authentication and steps”.
Note that if the authorised signatory chose to go for aadhaar authentication, then physical verification of premise or
site will not be required to be done by the officer, except in specific cases. In such cases, the ARN will be
generated right after that is complete.

Step 18 – Once all the details are filled in go to the Verification page. Tick on the declaration and submit the
application using any of the following ways:
● Companies and LLPs must submit application using DSC
● Using e-Sign – OTP will be sent to Aadhaar registered number
● Using EVC – OTP will be sent to the registered mobile
Step 19 – A message is displayed on successful application and Application Reference Number(ARN) is sent to
registered email and mobile.

You can check the ARN status for your registration by entering the ARN in GST Portal.
Here is a step-by-step guide on how to file GSTR-1 on the GST Portal:
● Login to the GST PORTAL
● Go to Services. In the drop-down click on Returns > Returns Dashboard
Select quarterly or monthly GSTR-1 filing
On the ‘File Returns’ page, select the Financial Year, Quarter and Period (Month) for which you want to file the
return from the drop-down list. Click on the ‘SEARCH’ button.
Thereafter, on the GSTR-1 return page, the return filer has two option – Prepare the return online or offline. Let us
take a look at the process of preparing the return online. Click on ‘Prepare online’.

Generate the GSTR-1 summary
Scroll to the bottom of the page and click on the ‘Generate GSTR-1 summary’ to include the auto-populated details
pending for action by the recipients.
The following message will appear on the screen once the summary has been generated. You can check back after
one minute.

After the summary is generated, a success message will appear on top of the page.
The summary will be generated by the GST Portal automatically at intervals of 30 minutes. To view the
summary instantly after adding invoices, you can generate the summary by clicking on the ‘Generate GSTR-1
Summary’ button. However, the summary can be generated only at intervals of 10 minutes. If you attempt to
generate the summary before 10 minutes have elapsed, you will notice an error message on the top of the page.
Preview the GSTR-1

Once the GSTR-1 summary has been generate, click on the ‘Preview’ button. This will download the draft
summary of the GSTR-1 return for your review. It is recommended that you review the summary of entries made
in the various sections submitting the GSTR-1.
Acknowledge and submit the GSTR-1 return
Once the GSTR-1 return is ready to be submitted, select the acknowledgement checkbox confirming that you have
reviewed the details and that the information furnished is correct, and that you are aware that no changes can be
made after submitting the GSTR-1. Once you select the acknowledgement checkbox, the submit button will be
enabled.
Click on the ‘Submit’ button to submit the GSTR-1. A pop-up will open. Click on ‘Proceed’ if you wish to confirm
submission. The GSTR-1 status will change to ‘Submitted’.
File GSTR-1 with DSC or EVC
Once the GSTR-1 return has been submitted, click on the ‘File Return’ button.

Click on ‘File with DSC’ or ‘File with EVC’, as applicable, to file the GSTR-1 return. Select the digital signature if
filing through DSC mode, or enter the OTP sent on the mobile number and email address of the authorised
signatory to file via EVC mode.
A success message and the ARN will get displayed on successful filing.
2. To understand the various problems of Good and Services Tax filing and returns.
Mistakes to avoid while filing GSTR (Goods and Service Tax Return)

1. Avoiding the filing of a GST return in the absence of a sale or purchase

The majority of people believe that if there are no transactions for sale or purchase, there is no need to file a NIL
return. But that is not the case. According to GST Law, even if no transactions occur during a tax period, a person
registered under GST is required to file a NIL return. Non-filing of a NIL GST return results in a monetary file,
and the department issues a notice to cancel the GST registration due to non-filing of a GST return.
2. GST return treatment for Zero rated and Nil rate supply is the same
Many registered users consider zero-rated and nil-rated supplies to be the same. However, there is a significant
difference between zero and nil rated supplies. Nil rated supplies are those that are taxable but have a GST rate of
0% in the GST tariff because the goods and services are exported out of India or are located in a Special Economic
Zone (SEZ). If a person supplies zero-rated supplies but declares them in a column of nil-rated supplies on his GST
return, he may encounter difficulties when claiming a refund for zero-rated supplies. On the other hand, if a person
declares his nil rated supplies in the zero-rated column, he may face problems during the department’s audit and
scrutiny. To avoid unnecessary litigation, a person must be cautious when filing nil and zero rated supplies in his
GST Return.
3. Ignoring GSTR 1 and GSTR 3B reconciliation

If a registered person fails to match his GSTR 3B and GSTR 1 returns on a monthly basis, he is making a serious
error. Before filing GST returns, each individual should ensure that their GSTR 3B and GSTR 1 returns are
monthly matched.
4. Failure to pay the Reverse Charge mechanism (RCM)

The government has prescribed a number of goods and services for which recipients must pay a reverse charge.
Failure to pay reverse-charge tax may result in additional interest payments and the loss of input tax credit. It
should also be noted that reverse charge tax cannot be paid using Input Tax Credit (ITC). In other words, it must be
paid by challan. After paying the Reverse Challan, taxpayers can claim input tax, which can be offset against
output tax.
5. Incorrectly entering invoice details when filing GSTR 1

When the recipient of goods and/or services provides his GST number to the supplier of goods and/or services, the
supplier is required to enter the recipient’s invoice details. Invoice-level information provided by the supplier in

GSTR 1 is auto-populated in form GSTR 2A, allowing the recipient to claim input tax credit for GST tax paid to
the supplier. If the supplier feeds the incorrect invoice and/or fails to report the invoice, the recipient may be
denied the input tax credit for the invoice that was incorrectly declared in the GSTR 1 return. The following are
some common errors that a supplier may make when entering an invoice for a GSTR 1 return:
● Incorrect invoice number was mentioned.
● Using an incorrect date.
● B2B sales are included in B2C sales.
● The IGST tax is incorrectly shown as CGST and SGST, and vice versa.
The above errors in GSTR 1 returns may deprive the recipient of the right to book Input Tax Credit (ITC).
6. Declaring export sales in the regular sales column

If a person declares export sales in the column of regular sales instead of zero-rated supplies, the GST refund may
be denied. As a result, when providing information about export sales, one must exercise caution.
7. Delay or not filing of GST return on or before due date

he importance of filing GST returns on time cannot be overstated. Failure to file GST returns on time may result in
the cancellation of your GST Registration, and it also results in financial penalties.
The major practical issues in the GST regime are summarised as under:
1. Non-compliance of Scrutiny of Returns: The proper officer has been conducting scrutiny of returns and
initiating proceedings of Demand of tax / Recovery of Tax from the taxpayers without following the
procedures of issuance of prescribes FORMS. The action of the proper officer resulting in non-compliance of
Section 61 / Rule 99 due to non-issuance of FORM GST ASMT-10 (Notice for intimation of discrepancies
intimation after scrutiny of returns) by the proper officer. By which the taxpayer fails to give proper
explanation to the discrepancy in returns in FORM GST ASMT-11 to the proper officer to close the litigation.
It is invariably observed that the proper officer is directly issuing FORM GST DRC-01A Part A under Rule
142(1A) – Intimation of tax ascertained as being payable under Section 73 / Section 74 of the Act, without

giving reasonable time for submissions clarification by the taxpayer in FORM GST DRC-01A Part B, but in
many cases the proper officer simultaneously issuing FORM GST DRC-01A Part A as well as FORM GST
DRC-01A (Demand-cum-Show Cause Notice), which is contrary to the provisions of GST Act / GST Rules,
2017. For which the taxpayer is losing opportunities to clarify the litigations and taxpayer is deprived of
presenting his case before the proper officer to close the issue. It is pertinent to mention that as an interim
measure the C.B.I&C has issued standard operating procedure for scrutiny of returns vide its instruction
No.02/2022-GST, dated 22-03-2022. Let us hope the proper officer should follow this instruction without any
fail for scrutiny of returns.
2. Grounds of Show cause notice is different from Demand of Order: It is observed that there is mis-match of
grounds alleged in the show cause notice versus grounds taken into account for the recovery of demand of tax /
demand confirmed with some other grounds. Thus, the grounds have been alleged in FORM GST DRC-01 (SCN)
is different from grounds have been incorporated in FORM GST DRC-07 or additional grounds mentioned in
FORM GST DRC-07. It is clear picture of violation of Section 75 (4) of the Act, 2017.
3. Imposing Penalty under wrong Section: It is observed that the proper officers are initiating search and seizure
of goods in the business premises of the taxpayers under section 67 of the CGST Act and initiating recovery
proceedings under Section 73 /74 of the Act but in case of penalty the investigating officer considering charging
section 129 of the CGST Act in place of Section 73(1) / Section 74(1) of the Act. It is pertinent to mention that
Section 129 is applicable only for detention, seizure and release of goods and conveyance in transit (implies when
any person transports any goods or store any goods while they are in transit in contravention of the provisions of
this Act). Hence, the proper Officer of GST, while issuing SCN by charging wrong Section for imposing penalty is
illegal and harassment to the taxpayers.
4.Simultaneous proceedings by the both tax authorities (CGST /SGST): It is observed that simultaneous
investigation proceedings were being carried by the CGST authority as well as SGST authority in the similar
matter for the same financial year is matter of harassment and illegal. Hence, it is difficult on the part of the
taxpayer to provide information, documents and records two different authorities in the same financial year at the
same time. There is clear violation of Section 6(2) of the CGST Act, 2017. This needs attention of the Government
to issue necessary instruction to the filed formations.

5. Non-acknowledgement by the proper officer: It is observed that whenever the taxpayers’ are voluntarily
paying tax liability under FORM GST DRC-03 but the proper officer fails to issue an acknowledgement of such
payment in FORM GST DRC-04. This is not as per the provision of GST law and the proper should follow the
procedures as prescribed.
6.Unsolved problem of Transitional Credits: Problems were being faced by the taxpayers during the Transitional
period have remained unsolved. The Transitional credits could not be claimed by the taxpayers for various reasons.
The Provision of Transitional credit prescribes under Section 140 of the CGST Act, which permits to carry forward
of credit under Central Excise, Service Tax and VAT as available on 30’th June’2017 in the last returns. This was
time bound compliance for furnishing declaration, which was closed on 27-12-2017. But the registered persons
who could not have furnished declaration electronically in FORM GST TRAN-1 within stipulated time due to
technical glitches on the Common portal. The various High Courts in the number of cases have issued direction to
GST Council to consider grievance of the taxpayer and recommend to the authority to allow filing Form TRAN-1
electronically by opening Common portal or accepting Form TRAN-1 manually to provide benefit of transitional
credits. A one-time opportunity may be allowed to the taxpayers to avail substantial transitional credits as entitled
to them.
7.Revocation / Restoration of Cancellation Registration is not supported by IT system in the Common

portal: The taxpayers are facing problem for restoration of cancelled registration and revocation of cancelled
registration after passed of appeal orders against cancellation orders or passed by the Range officers u/s 29 of the
CGST Act,2017. Even the orders from High Courts / Appellate authorities to restore registrations cancelled on
their own request. The functionality to implement the orders online was not ready; a temporary mechanism to
restore cancelled registration was created in the back-end but is not functioning at all upto the satisfactory of the
taxpayers. Recently, an advisory dated 23-03-2022 on restoration of cancelled registration has been issued by the
Pr. Additional Director General of system & data management, Chennai but it is observed that still under process
of rectify the defects / errors has been displaying online system of the Jurisdictional Range officer / Assistant
Commissioner ‘s user id of the common portal. Hence, there is need of Government intervention to settle the issue
of restoration of registration of the taxpayers.
8.Restriction of availing ITC: The eligibility and conditions for taking input tax credit under Section 16 of the
CGST Act, 2017 has undergone significant changes by the legislative policy in comparison to earlier tax regime. In

the last budget the time limit extended to 30th November of next year in place of 30th September of next year but
ITC is restricted only in respect of Tax Invoices which are reported by filing of GSTR 1 as well as GSTR 3B on or
before specified due dates for the month of November of next year for any previous year and recently from 1’st
January’2022 ITC only allowed as per auto-populated GSTR 2B.
9. Recovery of Tax during investigation: Section 67 and 68 of the CGST Act, 2017 deals with the search and
inspection of the business premises of the taxpayer to safeguard Government revenue, whereas Section 73 and 74
of the CGST Act, 2017 prescribes for determination of tax on the basis of findings of search and inspection or
investigation of records of the taxpayers. Section 79 of the CGST Act’2017 provides for recovery proceedings to
be initiated against defaulting taxpayers. Thus, the recovery of tax dues during the course of search or inspection or
recovery of tax start with the issuance of show cause notice and end with adjudication proceedings. Hence, the
deposit of tax without adopting recovery proceedings is the matter of great concern. Whether it is voluntarily
depositing of tax liability through DRC-03 or coercion by the department officers for making ‘recovery’ during the
course of search or inspection or investigation is the matter of discussion. Since, in the certain cases the taxpayers
have approached the Hon’ble High Courts with regard to recovery of tax by use of force and coercion by the
officers for recovery of tax from the defaulter taxpayers wherein it is declared as illegal act. Thus, recently, the
C.B.I&C, has issued instruction No. 01/2022-23[GST-Investigating] dated 25th May, 2022 and clarified in case of
any wrong doing on the part of any tax officer, strict disciplinary action as per law may be taken against the
defaulting officers.
Challenges and Problems with GST
1. Complex Tax Structure: One of the major challenges of GST is its complex tax structure. The GST
system has four tax slabs – 5%, 12%, 18%, and 28%. Additionally, there is a special rate of 0.25% on rough
precious and semi-precious stones and 3% on gold. This multi-tax system has made it difficult for
businesses to understand and comply with tax laws. The complexity of the tax structure has led to confusion
among taxpayers, resulting in increased compliance costs and a rise in litigation.
2. Technology Glitches: The GST system requires taxpayers to file returns online through the GST portal.
However, the portal has faced several technical glitches, making it difficult for taxpayers to file returns on
time. The technical issues have also resulted in the incorrect GST Return filing, leading to penalties and

fines. The GST Network (GSTN), which manages the GST portal, has taken several measures to address
the technical issues. However, the problem persists, and taxpayers continue to face difficulties in incorrect
GST Return filing.
3. High Compliance Costs: GST compliance involves various activities such as GST Registration, GST
return filing, maintaining records, and undergoing audits. These activities involve significant costs, which
are borne by businesses. The compliance costs have increased significantly under GST, especially for small
and medium-sized enterprises (SMEs). The high compliance costs have made it difficult for SMEs to
operate and compete with larger businesses.
4. Input Tax Credit (ITC) Issues: ITC is a significant feature of GST, which allows businesses to claim a
credit for the tax paid on the inputs used in the production of goods or services. However, several issues
have arisen with the ITC mechanism under GST. The major issue is the delay in receiving the ITC refund.
The delay in the refund has resulted in a shortage of working capital for businesses, leading to cash flow
issues.
5. GST Rates: GST rates have been a topic of discussion since the introduction of the tax system. The high
tax rates on essential goods and services have faced criticism, as they have a direct impact on the common
man. The government has made several changes to the tax rates, reducing the rates on some goods and
services. However, the high tax rates on certain goods and services continue to be a concern for businesses
and consumers.
6. E-way Bill System: The E-way Bill is a document that is required for the transportation of goods worth
more than Rs. 50,000. The E-way Bill system under GST has faced several issues, including technical
glitches and delays in generating the bills. The delay in generating the E-way Bill has resulted in the
detention of goods and increased compliance costs for businesses.
3. To identify the measures of improvement of Good and Services Tax filing and returns.
Professional knowledge to know about goods and services tax filing

Successful GST professionals must have a comprehensive understanding of the indirect tax regime with
proper knowledge of compliances. Apart from the subjective knowledge, one must also be aware of the continuous
changes and new tax slabs decided by GST Council from time to time.
Graduate or Postgraduate degree in Commerce Graduate or Postgraduate degree in Banking Graduate or
Postgraduate degree in Business Administration Graduate or Postgraduate degree in Business Management Degree
examination of any recognized Foreign University Retired Government Officials Sales Tax Practitioner under
existing law.
Eligibility criteria an applicant must fulfill for becoming a GST Practitioner/enrolling on the GST Portal as
a GST Practitioner
● Chartered Accountant holding COP
● Company Secretary holding COP
● Cost and Management Accountant holding COP
● Advocate
● Graduate or Postgraduate degree in Commerce
● Graduate or Postgraduate degree in Banking
● Graduate or Postgraduate degree in
● Business Administration
● Graduate or Postgraduate degree in Business Management
● Degree examination of any recognized Foreign University
● Retired Government Officials
● Sales Tax Practitioner under existing law

● Tax Return Preparer under existing law
Suggestions for Improvement under GST

1. Processes must be reduced so that business can operate efficiently in the best interest of the people and for
economic growth. Filing of 37 returns per GSTIN could be a very time consuming exercise, wherein everyone
would not even have the bandwidth to comply with.
2. Relief must be given to small scale operators and particularly reduced processes should be applicable to them.
They do not have finance or resource to comply. Much of India’s business is one or two man show. The facility to
file quarterly returns should be extended to assessees with up to 10 crore turnover.
3. Rates should be rationalized and reduced to make India competitive and in interest of compliance and
economic growth. The highest rate should be kept at 18% and there should be only few items that fall in 28% slab.
Daily use items such as soaps, cremes, movie tickets, electrical goods should not be taxed at 28%.
4. Technological glitches of the GST network should be sorted out on a war footing basis.
5. Further, there is also no provision to amend GST Return once uploaded, in case some clerical error is found
later. Provision should urgently be made to allow rectification of returns.
6. The matching concept of input credits requires large volume of data of the supplier to be matched with that of
the receiver. This process should be simplified, wherein only broad main criteria may require matching like the
invoice value and the tax amount and matching of specific, precise wide variety of data should not be required like
invoice number and date.
7. Valuation Rules lack clarity and are debatable. This is likely to lead to litigation and transfer pricing issues /
litigation. These rules need to be rationalized, simplified and be fair to one and all.
8. In case IGST is paid instead of CGST and SGST, and vice-versa, the recourse available is only refund.
Assessees should be allowed to self-adjust in such cases.

9. In respect of capital goods received on or after 01.07.2017 (Capital goods in transit), transitional credit of tax
paid in earlier regime should also be available. Transitional input credit should also be available on goods or
services are delivered or received before the appointed date and the assessee received the invoices after appointed
day.
10. Credit of Krishi Kalyan Cess should be allowed to be carried forward as eligible credit, as it was allowed as
set off in the service tax regime.
11. Composition scheme should also be provided to small scale service providers.
12. Exempt supplies should be excluded from the term Aggregate Turnover (‘AT’) for the purposes of
determination of registration requirements.
13. Advance Authority for Rulings should be active at the earliest as GST law is already in force since July 1st,
2017.
14. Anti-profiteering provisions need reconsideration as these may unnecessarily cause hardships to businesses.
System should be made to ensure that this is not misused so as to cause difficulties
15. Single cash ledger concept should be used instead multiple cash ledgers i.e. separate cash ledger for CGST,
SGST, IGST, interest, penalty etc. Further it is suggested to allow partial / period payment of offset of tax so that
an assessee can bear interest only on the short payment.
16. Reverse charge payable by registered dealers in case of purchase from unregistered dealers (Section 9(4))
should be completely withdrawn, instead of keeping it in abeyance till 31.03.2018.
17. The issues being faced by the exporters should be dealt with and the refund procedure should be activated
immediately.

CHAPTER -4
LEARNING OUTCOME
Work profile and job responsibilities handled during the internship:
The employer had handled me the work mainly to observe the practical aspects relating to the GST registration
process & learn the procedure of registration of a person under GST and various other aspects also which includes
the procedure to generate E- way bill, GST challan through GST common portal. I also learnt about the Permanent
Account Number and how to check whether it's linked with Aadhar or not and also learnt the procedure to link an
aadhar with the Permanent Account Number. I have also filled forms which includes the PAN form for a
partnership firm, an individual and cheque.
Responsibilities handled by me was to attend the clients who were visiting the company for their Returns to be
filed or New registration under GST or for any audit purpose or for any taxation consultant purpose or any other
purpose for the services given by the company.
Knowledge i gained during an internship
● Communication Skills
The ability to communicate effectively is certainly one of the most important skills interns should have, if not the
top one. At any company, communication that is timely, actionable, accurate, and understood is critical for long-
term success and day-to-day operations. Information is important, of course, but the way that information is
conveyed makes all the difference.
● Organizational Skills
Student interns are given a lot of tasks, goals, and information all at once and constantly during the three to six
months in the position. “Organizational skills” is actually an umbrella term for a group of skills that lets you use
time and resources efficiently and effectively, including time management, delegation, scheduling, and setting
goals, among others.

● Initiative
Initiative is one of those traits that can really set you apart from others, both now as an intern and even more so
later on, as a full-fledged employee. Simply put, initiative is to take action on your own, without instruction or
suggestion from your supervisor first. It’s a display of enterprise and resourcefulness that often impresses managers
and co-workers alike.
● Ability to Work Independently
Though you may find yourself on a large team with dozens of stakeholders, hiring managers still prize the self-
sufficiency skill in their prospective interns. Working autonomously is a great way to focus on deep work and
knock out small or overdue tasks. However, it takes self-discipline, as you’ll be required to keep on top of yourself.
Also, be sure to understand when to work independently and when not to it’s better to collaborate and ask
questions than to deliver work that is over budget, out of scope, or of poor quality.
● Problem-Solving and Decision-Making Skills
The problem-solving process involves identifying an issue, isolating the cause, evaluating solutions or alternatives,
implementing these fixes, and later following up to ensure the problem is resolved. The decision-making process
identifies one or multiple possible courses of action, gathers data and potential options, and then attempts to
determine the best course forward.
● Interpersonal Skills
Known in everyday conversation as “social skills” or “people skills,” interpersonal skills add up to the ability to
interact with and work with others well. According to a soft skill study in the IUP Journal of Soft Skills, great
interpersonal skills are associated with both how effective the intern is and employable they might be later.
● Self-Motivation
Self-motivation is your own internal drive to accomplish your goals and tasks. While initiative plays a large role in
it, self-motivation goes far beyond simply doing things without being asked. It implies a desire to achieve success
and earn top results, acknowledging and delighting in the act of needing to push yourself on your own.
● Integrity
More than just honesty, integrity has to do with ethics, moral principles, reliability, accountability, sense of
responsibility, and trustworthiness. It’s a major part of the work ethic you portray, and your colleagues and

supervisors want someone they can trust as an intern co-worker, rather than someone who is unreliable, dishonest,
or doesn’t assume responsibility for their actions.
● Understanding workplace culture:

Culture influences communication and as a student, I learned that every company or organisation has its own
culture. It is essential to observe others and learn how they engage and interact with co-workers, or help them with
projects and tasks. I quickly learned that whenever something is unclear for me or I don’t understand, its fine to ask
for clarification.
● Critical Thinking
In the workplace, critical thinking is often that which is open-minded, evidence-backed, rational, and based on
analytical reasoning and reflection. As a critical thinker, you evaluate information logically, independently, and
thoroughly, as opposed to rashly or based solely on intuition.
● Creativity
One of the many benefits interns bring to the table is creativity. In fact, many companies and teams look forward to
new pools of student interns, as they’ll bring with them fresh ideas, new perspectives, and creative approaches to
things that veteran employees may be blind to.
Level of usefulness of internship for learning:
The most important element of the internships is the integration of classrooms knowledge and theory with practical
application and skills. Student interns gain this experience in either professional or community settings. Internships
also have the added benefit of professional recommendations, resume worthy experience, and networking
opportunities.
● Apply your theory:
Internships offer students the chance to put what they are learning into action, in a real-world environment. This
helps you better understand the theories and strategies you have been reading about, cementing the learning
process and giving you greater focus.
● Get a feel for the work environment:
For students who are exploring their career options, internships are great! By joining a team, you will have a much
better understanding of what it’s like working at a particular company and get a clearer idea of the industry itself.

This knowledge will help you in your job hunting in the future, giving you an better idea of the types of jobs you
want – and perhaps more importantly – the types of job you don’t want.
● Boost your confidence:
Of course, taking on an internship helps you learn about the work environment, but it also helps you learn about
yourself.
You will have a much clearer idea of your own strengths, weaknesses, likes and dislikes. Most importantly,
knowing that you have hands-on experience will give you far more confidence when it comes to job seeking and
interviews.
● Build networks:
As Porter Gale wrote, “your network is your net worth” and internships offer students great networking
opportunities. You’ll meet colleagues and team members, take part in meetings and get to know new people in a
professional environment.
If you distinguish yourself during your internship, you can make life-long connections who can help you find
positions, meet clients, or even make recommendations.
● Increase your motivation
There’s a big difference writing an academic paper and writing a real report, with real world consequences.
Knowing that you are contributing to the success of a live project and that people are counting on you to do a good
job, gives you additional motivation.
When it comes to classwork, you will also reinforce why you are working towards a qualification – giving you that
extra push to study hard.
● Improve your CV:
Students who put themselves forward for an internship show that they are willing to take responsibility, work hard,
want to learn, and are interested in getting experience. These are all qualities that hiring managers are interested in
and this helps you differentiate yourself in a competitive jobs market.

No matter how successful you were in your internship, you can hold your head up high and explain what you
learned and what responsibilities you had.
Getting a job directly
Work hard and take initiative and you may even be offered a position at the company after your internship and
studies are completed. If a manager is confident in your abilities to do a job and knows who you are, you are in
with a far greater chance of getting a role than you would otherwise.
Of course, this is never guaranteed, but internships certainly help you get your foot in the door.
● Getting a reference or letter of recommendation:
When it comes to finding your first graduate position, references and recommendations can be the difference
between an offer and a rejection.
Most managers will be happy to offer a reference or letter of recommendation after completing an internship with
them, so when the times comes you will have a greater chance of getting the job you have always wanted.
Challenges faced during the internship:
Interns often encounter various challenges that can test their resilience and adaptability. In this blog, we will
explore some common hurdles faced by interns and discuss strategies to overcome them, ensuring a fruitful and
rewarding internship journey.
1. Awkward Reactions:
Interns may experience uncomfortable or awkward reactions in new work settings, particularly when interacting
with co-workers or superiors. They might have trouble fitting in or worry about making mistakes, which can cause
self-consciousness or social anxiety. This can be particularly difficult when meeting someone for the first time or
joining a team that already has a certain dynamic.
2. No-Work or Major Intern Problems:
Lack of meaningful work or being given responsibilities that are not in line with one’s field of study or
professional objectives are two issues that interns frequently run into. It’s possible for interns to be stuck

performing tedious or menial chores that have little to do with learning or developing new skills. Their entire
learning process may be hampered by this, which can cause frustration.
The perception of incompetence: Interns frequently deal with the impression that they lack expertise or knowledge
in their industry. They risk having their opinions or ideas dismissed by bosses or co-workers because they believe
them to be inexperienced. For interns, this can make it difficult to speak up or get credit for their abilities. For
interns, getting over this stigma and building credibility can be difficult.
3. Too many information absorptions:
The interns must take in at once a whole lot of information like company policy, rules and regulations, work details
etc. As internships are generally over a short period of time, the time frame needed to learn and get used to this
new culture is very short. As a result, it becomes overwhelming for the interns to absorb all the information at
once.
Interns may acquire information that doesn’t fit together, or of something beyond their understanding like industry
specific information, new concepts etc. This makes the internship more challenging and confusing for the interns to
function efficiently.
4. How to do the work:
One of the major and the most common hindrance in an internship is how to do the work. This arises from their
limited professional experience. Without proper guidance and flow of work, interns may struggle to proceed their
learning and the assigned work. Constant supervision and proper guidance shape their ability to work efficiently
within the organization. Without a regular system of training, it becomes difficult for the interns to navigate their
knowledge to the right skill which will help them to complete the task assigned.
It is also the responsibility of the intern to keep up a learning attitude and stay motivated to learn. The initiative
should go both ways for the internship to be beneficial for the long run.
5. Should I be a bit friendly or a bit reserved:
The dilemma of being friendly and reserved is the foremost reason for an intern to get laid back in their learning
process. The initiative to approach their supervisor or mentor gets hindered for not knowing the process to
approach them. The lack of confidence on what to speak and how to speak is a major challenge in an internship.
Every workplace has different dynamics and atmosphere, some gives of the energy to behave in a friendly attitude,

and some gives of the energy to behave in a reserved attitude. It is always appreciated if the intern can grasp on to
that dynamic and act accordingly.
The one thing that an intern misses out from the dilemma of these two is the professionalism. Without
professionalism in an organization, none of the attitude seems right and approachable. So, learning and keeping up
a professional attitude is more important and challenging for an intern in the day-to-day work life in an internship.
How i overcame the challenges faced during the internship
• Understood the office culture
• Built good relationship with the seniors
• Improved my communication skills
• Try to change according to the work environment
• Made social relationships with colleagues
• Gained trust of the employer
• Stayed honest & faithfully done the said job
• Focused on learning than complaining about it.
• Tried to do research & analyse the situations when i didn't have an idea about the work
• Did the best to be efficienct & prompt.
Conclusion:
Internships may present various hurdles, but with the right mindset and strategies, these challenges can be
overcome. By addressing issues such as awkwardness, lack of meaningful work, perceptions of incompetence,
information overload, seeking guidance, and maintaining professionalism, interns can make the most of their
internship experiences. Remember, every challenge is an opportunity for growth and learning. Embrace these
challenges, seek support when needed, and stay determined to succeed. Your internship can become a stepping
stone towards a successful future career.

As I mentioned in the above details which includes 1 day to 30th day of working in Rampraksh & Co., in this
company there are various types of opportunities to build our skills and also it helped me to learn a unique things. I
had best experience in taxation and also did many researches regarding tax works It also helped to improve my
communication skills. I have undergone some mistakes during taxation and I had learnt from it and corrected my
mistakes. During this research time I had found various information about taxation which I didn't knew earlier it
made me to learn new things more. It also helped me to boost my confidence.
Ramprakash and co., also helped me to build my career and I had very good coordination with company colleagues
which made me to know more about company environment. This internship helped me to grab more knowledge
about work environment. Ramprakash and co., also helped me to complete the project on date by giving the
information's of their company and supported me in various way.

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A STUDY ON GOODS AND SERVICES TAX FILING MECHANISMS WITH REFERENCES TO RAM PRAKASH & CO

CHAPTER PARTICULARS PAGE NUMBER

01. INTRODUCTION 9-36

02. DESIGN OF THE STUDY 37-38

03. DISCUSSION 39--69

04. LEARNING OUTCOME 70-79

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CHAPTER 01: INTRODUCTION

Goods and service tax.

1.1 The historical background of just India:

Tax Effect” means a tax on tax.

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bill passed on May 2015.

national list in India from 1st of July 2017.

and petroleum products.

1.2 WHY WAS GST REQUIRED?

1.3 Meaning of GST:

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1.4 Definition of GST:

1.5 Objectives of GST:

country one tax.

● To implement consumption-based taxation.

● To eliminate the cascading effect on tax, that is double taxation.

● To reduce double taxation and corruption.

● To reduce unhealthy competition among the state.

● To reduce complications in tax administration.

● To improve GDP ratio.

● Simplification of tax structure.

● To ensure uniform GST registration payment.

● Promotion of easy of doing business

1.6 FEATURES OF GST

1. SINGLE INDIRECT TAX:

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2. INPUT TAX CREDIT SYSTEM:

3. GST COMPOSITION SCHEME:

4. FOUR-TIER TAX STRUCTURE:

1.7 KEY FEATURES OF GST

● Dual Goods and Service Tax

● Computation of GST based on invoice credit method

● Goods and Services Tax Network (GSTN).

1.8 Advantages of GST

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● GST is the major source of revenue for the government.

● The calculation and determination of tax liability is simple.

● GST is very easy to operate and learn.

1.9 Disadvantages of GST:

● It is uneconomical because its cost is very high.

1.10 Subsuming of taxes:

I. Central taxes to be subsumed under GST:

● Central excise duty that is CENVAT.

● Additional excise duties.

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● Additional custom duty commonly known as counter vailing duty.

● Special additional duty of customs.

● Search charges and Cess levied by central government.

II. State taxes to be subsumed in GST:

● VAT / Sales tax

● Taxes on lottery and betting

● Octroi and entry tax

Taxes which are not to be subsumed: