HOUSE OF GST ONE TAX ONE NATION

PRESENTATION FLOW Overview: Present Taxation system What is GST? Why GST? Benefits Features of GST GST Global Scenario Impact of GST in Indian Economy Franchisee Model Franchisee Management Function Why House of GST? House of GST: Portal Features Specific Services Payouts

OVERVIEW: PRESENT TAXATION SYSTEM Existing indirect tax structure in India : Central Taxes State Taxes Central Excise duty State VAT/ Sales Tax Additional duties to excise Central Sales Tax Excise duty levied under Medicinal & Toiletries Preparation Act Purchase Tax Additional duties of customs (CVD & SAD) Entertainment Tax (Other than levied by local bodies) Service Tax Luxury Tax Cess and surcharges Entry Tax (All forms) Taxes on lottery, betting and gambling Cess and Surcharges

WHAT IS GST? “Biggest Tax reform since Independence” GST is a comprehensive value added tax on goods and services. It is a consumption based tax levied on sale, manufacture and consumption on goods & services at a national level. The GST is governed by GST Council and its Chairman is Union Finance Minister of India - Arun Jaitley. Tax rates under GST: 0%, 5%, 12%, 18% and 28% The Goods and Services Tax (GST) is scheduled to be launched on the 1st of July, 2017. “Biggest Tax reform since Independence”

WHY GST: BENEFITS 1. Overall reduction in Prices for Consumers 4. Broader Tax Base and decrease in “Black” transactions 2. Reduction in Multiplicity of Taxes, Cascading and Double Taxation 3. Uniform Rate of Tax and Common National Market 5. Free Flow of Goods and Services – No Checkpoints 6. Non-Intrusive Electronic Tax Compliance System

WHY GST: BENEFITS To Trade To Consumers Reduction in multiplicity of taxes Simpler Tax system Reduction in prices of goods & services due to elimination of cascading Mitigation of cascading/ double taxation More efficient neutralization of taxes especially for exports Uniform prices throughout the country Development of common national market Transparency in taxation system Simpler tax regime Increase in employment opportunities Fewer rates and exemptions Distinction between Goods & Services no longer required

FEATURES OF GST GST to be levied on supply of goods or services All transactions and processes in GST is done only through electronic mode. PAN Based Registration Registration only if turnover more than Rs. 20 lakh Input Tax Credit available on taxes paid on all procurements (except few specified items) Credit available to recipient only if invoice is matched – Helps fight huge evasion of taxes GST Practitioners for assisting filing of returns GSTN and GST Suvidha Providers (GSPs) to provide technology based assistance . Separate electronic ledgers for cash and credit Tax can be deposited by internet banking, NEFT / RTGS, Debit/ credit card and over the counter Concept of TDS for Government Departments Provisional release of 90% refund to exporters within 7 days Interest payable if refund not sanctioned in time Refund to be directly credited to bank accounts

GST: GLOBAL SCENARIO More than 140 countries have already introduced GST/ national VAT. France was the first country to introduce GST system in 1954. Standard GST rate in most countries ranges between 15-20%. Country Rate of GST Australia 10% France 19.60% Canada 5% Germany 19% Japan Singapore 7% Sweden 25% India 27% New Zealand 15% Pakistan 18% Malaysia 6% Denmark

IMPACT OF GST IN INDIAN ECONOMY Goods and services tax (GST) will eliminate the cascading effects of taxation on production and distribution cost of goods and services.

FRANCHISEE MODEL Indian Taxation Framework will now revolve around newly introduced GST. This taxation system does not only comprehend new laws and rules but also bring great confusion to businessmen. Most of the entrepreneurs are unaware of the implications of GST and its impact. Lack of GST experts increases the problem even more as nobody is there to guide them towards the right way. Well, House of GST gives you the chance to be a part of the change as we bring to you a promising business opportunity. Under the flagship Business Development Partner Program, we invite businesses interested to partner with House of GST by offering our services to further clients. You are not required to hold any Degree or Certification to offer GST related services. All you need to do is to help businesses and guide them to comply with GST’s rules. House of GST prepares you to help businesses with the knowledge and extend our services to more people.

OUR EXPECTATION ON FRANCHISEE MANAGEMENT FUNCTIONS With the right attitude from both sides, a franchisee can be an effective instrument in providing a better future for a business unit. Agent/ taxpayer Profile & Selection Agent Onboarding & Training Agent Compensation Technology Platform Liquidity Management Monitoring & Supervision Product, Marketing & Communication Customer & Operational Support 7. Customer & Operational support 1. Taxpayer Profile & Selection 6. Product, Marketing & Communication 2. Agent On boarding 5. Monitoring & Supervision 3. Agent Compensation 4. Liquidity Management

WHY HOUSE OF GST? House of GST have the market leading solutions for GSP solutions. Beyond the technology, we wants to listen to end user requirements and be a real advisor and create a partnership based on mutual respect and a healthy admiration for quality. We have been judged by industry analysts as one the best Integrated Service Provider in the country for Cloud Based solutions.

WHY HOUSE OF GST? Benefits: PAN India reach and presence till far North and North East India. Pioneer in the Cloud Servicing since early 2001 Experience of many large and Multi-location project countrywide Successfully managing more than 4500 users on cloud based ERP for major transport companies. Panel/engagement of Tax Consultant PAN India.

HOUSE OF GST: PORTAL FEATURES Registration of Tax Payer and Tax Consultant Returns (GSTR1 upto GSTR12) Payments Ledger Maintenance Miscellaneous For Tax professionals Consolidated view of all clients Ability to upload invoice data etc. from his dashboard

SPECIFIC SERVICES As for specific services, after receipt of raw data from the taxpayer, GSPs shall provide the taxpayers with the following services: Compile invoice wise data from the business units. Upload invoice wise sales register (supply data) in GSTR-1 within 10 days from the end of the month. Download purchase data, i.e., inward supplies (receipts or purchase) in the form of draft GSTR-2 from the GST Portal. The draft GSTR-2 will be automatically created based on the GSTR-1 filed by corresponding suppliers. Cross-match purchases made with those downloaded from the GST portal. After reconciliation with the books and draft GSTR-2, upload the final GSTR-2. Reconciliation of the purchase register and data downloaded in the form of GSTR-2 from the GST portal will be carried out by the ASP for the benefit of taxpayer. The GST Portal will then generate the GSTR-3, based on the GSTR-1 and GSTR-2.

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