gst - roadmap · gst - roadmap. [email protected] 2 4-may-17 indirect tax structure - present...
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[email protected] www.arsconsultants.net 24-May-17
Indirect Tax Structure- Present & ProposedPresent Tax
Structure
Constitutional
Authority
Entry No. 84, List I, Schedule
VII
Entry No 54 of List II (VAT)
and 92A of List I (CST)
Entry No 54 of List II (VAT)
and 92A of List I (CST)
Residuary Entry No. 97, List I, Schedule VII
Entry No. 83, List I, Schedule VII
Levy/ Tax CE Duty VAT/ Sales Tax CST Service Tax Customs Duty
Taxable Event Manufacture of
Goods
Sale of Goods Sale of Goods Provision of Service Import/ Export of
Goods
Intra-State Inter-State Import/ Export
Proposed Tax
Structure
Taxable Event Supply of Goods/ Services Supply of
Goods/
Services
Supply of Goods/
Services
Supply of Goods/
Services
Levy/ Tax Central GST
State GST
Integrated GST
[Sum total of
CGST & SGST
(approx.)]
Integrated GST [Sum
total of CGST & SGST
(approx.)]
[email protected] www.arsconsultants.net 44-May-17
Stage 1Manufacturer
DMCost: 400
LabourDL Cost: 50CL Cost:150
OHCost: 400
Cost: 1000Profit: 200
1200
1344
S.P. : 1539
[email protected] www.arsconsultants.net 54-May-17
Stage 1Manufacturer
DMCost: 400
LabourDL Cost: 50CL Cost:150
OHCost: 400
Cost: 1000Profit: 200
1200
1344
S.P. : 1539
Stage 2Wholesaler
Cost: 1344Profit: 200
1544
1544
S.P. : 1768
S.P. : 1539
[email protected] www.arsconsultants.net 64-May-17
DMCost: 400
LabourDL Cost: 50CL Cost:150
OHCost: 400
Cost: 1000Profit: 200
1200
1344
S.P. : 1539
Cost: 1344Profit: 200
1544
1544
S.P. : 1768
S.P. : 1539
Cost: 1544Profit: 200
1744
1744
S.P. : 1997
S.P. : 1768
Stage 1Manufacturer
Stage 2Wholesaler
Stage 3Distributor
[email protected] www.arsconsultants.net 74-May-17
Stage 1Manufacturer
DMCost: 400
LabourDL Cost: 50CL Cost:150
OHCost: 400
Cost: 1000Profit: 200
1200
1344
S.P. : 1539
Stage 2Wholesaler
Cost: 1344Profit: 200
1544
1544
S.P. : 1768
S.P. : 1539
:
Stage 3Distributor
Cost: 1544Profit: 200
1744
1744
S.P. : 1997
S.P. : 1768
Stage 4Retailer
Cost: 1744Profit: 400
2144
2144
S.P. : 2455
S.P. : 1997
[email protected] www.arsconsultants.net 84-May-17
Stage 1Manufacturer
DMCost: 400
LabourDL Cost: 50CL Cost:150
OHCost: 400
Cost: 1000Profit: 200
1200
1344
S.P. : 1539
Stage 2Wholesaler
Cost: 1344Profit: 200
1544
1544
S.P. : 1768
S.P. : 1539
Stage 3Distributor
Cost: 1544Profit: 200
1744
1744
S.P. : 1997
S.P. : 1768
Stage 4Retailer
Cost: 1744Profit: 400
2144
2144
S.P. : 2455
S.P. : 1997
Stage 5Consumer
Cost: 2455
S.P. : 2455
[email protected] www.arsconsultants.net 94-May-17
Stage 1Manufacturer
DMCost: 400
LabourDL Cost: 50CL Cost:150
OHCost: 400
Cost: 1000Profit: 200
1200
1332
S.P. : 1464
[email protected] www.arsconsultants.net 104-May-17
Stage 1Manufacturer
Stage 2Wholesaler
Cost: 1200Profit: 200
1400
1526
S.P. : 1652
S.P. : 1416
Stage 3Distributor
Cost: 1400Profit: 200
1600
1744
S.P. : 1888
S.P. : 1652
Stage 4Retailer
Cost: 1600Profit: 400
2000
2180
S.P. : 2360
S.P. : 1888
Stage 5Consumer
Cost: 2360
S.P. : 2360
DMCost: 400
LabourDL Cost: 50CL Cost:150
OHCost: 400
Cost: 1000Profit: 200
1200
1308
S.P. : 1416
[email protected] www.arsconsultants.net 114-May-17
Goods Sector[Local Purchase – Local Sale]
Comparative Analysis [Before GST & After GST]
[email protected] www.arsconsultants.net 124-May-17
Stage 1ManufacturerDM
Cost: 400
LabourDL Cost: 50CL Cost:150
OHCost: 400
Cost: 1000Profit: 200
1200
1344
S.P. : 1539
Stage 5Consumer
Cost: 2455
Stage 1Manufacturer
DMCost: 400
LabourDL Cost: 50CL Cost:150
OHCost: 400
Cost: 1000Profit: 200
1200
1308
S.P. : 1416
Stage 5Consumer
Cost: 2360
[email protected] www.arsconsultants.net 134-May-17
PARTICULARS BEFORE GST AFTER GST
Total Tax 455 360
Change in Value Base [for SGST]
2144(Base Value + Central
Excise Duty)
2000
Change in Rate 12%/14.5% 9%/9%
Tax on Subsequent ValueAddition No CE CGST
[email protected] www.arsconsultants.net 154-May-17
Stage 1Manufacturer
DMCost: 400
LabourDL Cost: 50CL Cost:150
OHCost: 400
Profit: 2001209
1354
S.P. : 1550
Stage 2Wholesaler
Cost: 1354Profit: 200
1554
1554
S.P. : 1779
S.P. : 1550
Stage 3Distributor
Cost: 1554Profit: 200
1754
1754
S.P. : 2008
S.P. : 1779
Stage 4Retailer
Cost: 1754Profit: 400
2154
2154
S.P. : 2466
S.P. : 2008
Stage 5Consumer
Cost: 2466
S.P. : 2466
[email protected] www.arsconsultants.net 164-May-17
Stage 1Manufacturer
Stage 2Wholesaler
Cost: 1200Profit: 200
1400
1526
S.P. : 1652
S.P. : 1416
Stage 3Distributor
Cost: 1400Profit: 200
1600
1744
S.P. : 1888
S.P. : 1652
Stage 4Retailer
Cost: 1600Profit: 400
2000
2180
S.P. : 2360
S.P. : 1888
Stage 5Consumer
Cost: 2360
S.P. : 2360
DMCost: 400
LabourDL Cost: 50CL Cost:150
OHCost: 400
Cost: 1000Profit: 200
1200
1308
S.P. : 1416
[email protected] www.arsconsultants.net 174-May-17
GOODS[Inter State Purchase – Local Sale]
Comparative Analysis [Before GST & After GST]
[email protected] www.arsconsultants.net 184-May-17
Stage 1Manufacturer
DMCost: 400
LabourDL Cost: 50CL Cost:150
OHCost: 400
Profit: 2001209
1354
S.P. : 1550
Stage 5Consumer
Cost: 2466
Stage 1ManufacturerDM
Cost: 400
LabourDL Cost: 50CL Cost:150
OHCost: 400
Cost: 1000Profit: 200
1200
1308
S.P. : 1416
22
Stage 5Consumer
Cost: 2360
[email protected] www.arsconsultants.net 194-May-17
PARTICULARS BEFORE GST AFTER GST
Total Tax 145+9+312= 466 360
Change in Value Base
2154(Base Value + Central Excise
Duty + CST)
2000
Change in Rate 14%/14.5% 9%/9%
Tax included in Cost (CST) 9 0
[email protected] www.arsconsultants.net 214-May-17
ManufacturerDMCost: 400
LabourDL Cost: 50CL Cost:150
OHCost: 400
Cost: 1000Profit: 200
1200
1354
S.P. : 1371
Wholesaler
Cost: 1371Profit: 200
1571
1571
S.P. : 1779
S.P. : 1371
Distributor
Cost: 1571Profit: 200
1771
1771
S.P. : 2028
S.P. : 1779
Retailer
Cost: 1771Profit: 400
2171
2171
S.P. : 2486
S.P. : 2028
58
Consumer
Cost: 2486
S.P. : 2486
State 2State 1
[email protected] www.arsconsultants.net 224-May-17
DMCost: 400
LabourDL Cost: 50CL Cost:150
OHCost: 400
Cost: 1000Profit: 200
1200
S.P. : 1416
Cost: 1200Profit: 200
1400
S.P. : 1652
S.P. : 1416
Cost: 1400Profit: 200
1600
S.P. : 1888
S.P. : 1652
Cost: 1600Profit: 400
2000
S.P. : 2360
S.P. : 1888
Cost: 2360
S.P. : 2360
State 2State 1
Manufacturer Wholesaler Distributor Retailer Consumer
[email protected] www.arsconsultants.net 244-May-17
Service ProviderDM
Cost: 40
LabourDL Cost: 50CL Cost:150
OHCost: 160
Cost: 406Profit: 200
606
S.P. 691
[email protected] www.arsconsultants.net 254-May-17
Service ProviderDM
Cost: 40
LabourDL Cost: 50CL Cost:150
OHCost: 160
Cost: 400Profit: 200
600
654
S.P. : 708
[email protected] www.arsconsultants.net 264-May-17
PARTICULARS BEFORE GST AFTER GST
Change in Value Base 606 600
Effect in the amount of tax payable due to Change in Rate
85(14%)
108(18%)
Tax included in Cost (VAT) 6 0
[email protected] www.arsconsultants.net 284-May-17
Service ProviderDM
Cost: 40
LabourDL Cost: 50CL Cost:150
OHCost: 160
Cost: 406Profit: 200
606
S.P. 691
[email protected] www.arsconsultants.net 294-May-17
Service ProviderDMCost: 40
LabourDL Cost: 50CL Cost:150
OHCost: 160
Cost: 400Profit: 200
600
S.P. : 708
