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    Presentation GST Hena

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    sheetalrai200105

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    Presentation GST Hena

    Uploaded by

    sheetalrai200105
    6 views9 pages

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    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    6 views9 pages

    Presentation GST Hena

    Uploaded by

    sheetalrai200105

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    You are on page 1of 9

    “A Study on the GST Filling Process for the Corporation with Special Reference to Chavan Associates ”

    Heena Gupta
    Roll No. M222414
    Class : SY MMS(Finance)
    Index
     INTRODUCTION
     OBJECTIVES
     Overview of GST Filing
    Process
     Required Documents
     Challenges in GST Filing
    Process
     Special Reference
     Conclusion
    Introduction
    GST stands for Goods and Services Tax. GST was introduced in India on
    July 1, 2017. It replaced multiple indirect taxes like VAT, excise duty, and
    service tax, aiming to unify the Indian market and simplify the tax system. In
    India, there are primarily four types of GST
    Central Goods and Services Tax (CGST), State Goods and Services Tax
    (SGST). Integrated Goods and Services Tax (IGST), Union Territory Goods
    and Services Tax (UTGST). The GST is usually taxed as a single rate across
    a nation.
     OBJECTIVES

    The objective of the study on the GST


    filing process for corporations, with
    special reference to Chavan Associates, is
    to analyze and understand the efficiency,
    effectiveness, and challenges faced by
    corporations in complying with GST
    regulations. This includes examining the
    filing procedures, identifying bottlenecks,
    and proposing recommendations for
    improvement, particularly through the
    services offered by Chavan Associates.
    Overview of GST Filing Process

     Steps
     Registration Description
     2. Invoice Generation  Register for GST by submitting the necessary
    details and documents to the GST authorities.
     3. Tax Calculation  Generate invoices for all sales and purchases
    made by the business, ensuring compliance with
     4. Return Filing GST rules
     Calculate the GST liability for each transaction,
     5. Payment considering the applicable tax rates and
     exemptions.
    6. Reconciliation  File regular GST returns, providing details of
     7. Audit and Assessment sales, purchases, and tax payments for a specific
    period.
     Pay the GST liability to the government within
    the specified due dates.
    Required Documents

     - PAN Card - Aadhaar Card -


    Address Proof - Bank Account
    Details
     - Invoice Templates - GSTIN (Goods
    and Services Tax Identification
    Number)
     - Sales and Purchase Records - Tax
    Rate Charts - Exemption Certificates
     - GST Return Forms (GSTR-1,
    GSTR-3B, etc.) - Sales and Purchase
    Registers - Tax Payment Challans
    Challenges in GST Filing Process
     Complex Regulations
    › The GST filing process involves
    navigating through a complex
    set of regulations and
    compliance requirements.
    › Businesses need to stay updated
    with the latest changes in GST
    laws to ensure accurate and
    timely filing.
     Technical Issues
    › Technical glitches and system
    failures can hinder the smooth
    filing of GST returns.
    › Businesses may face challenges
    in accessing the GST portal or
    uploading the required
    documents.
    Special Reference to Chavan
    Associates
    Chavan Associates is a leading firm
    specializing in handling the GST filling
    process for corporations. With years
    of experience in the field, they have
    developed expertise in navigating the
    complexities of tax laws and
    regulations. Their team of highly
    skilled professionals ensures accurate
    and timely filing, helping clients
    optimize their tax strategies and
    minimize liabilities. Chavan Associates
    is committed to providing personalized
    services tailored to the unique needs
    of each client, making them a trusted
    partner in tax compliance and
    planning.
    Conclusion
     Key Findings  Recommendations
      Invest in GST software or
    The current GST filing
    tools that automate data entry
    process at Chavan and calculations.
    Associates is time-  Provide training and support
    consuming and prone to to employees to ensure
    errors. smooth transition to the new
     The manual data entry process.
     Regularly review and update
    and calculations increase
    the GST filing process to
    the risk of inaccuracies
    incorporate any changes in
    and non-compliance. regulations or business
    requirements.

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