GST Goods and Services Tax
GST is the indirect tax levied on goods and services
across the country. It is a comprehensive,
multi-stage, destination-based tax that is levied on every value addition.
There are 3 taxes applicable under this system.
i) CGST: Collected
by the Central Government on an
intra-state sale (Eg: transaction happening in TamilNadu)
by the State Government on an intra-state sale (Eg: transaction happening
by the Central Government for
inter-state sale (Eg: Punjab to Tamil Nadu)
Goods & Services Tax Council is a
constitutional body for making recommendations to the Union and State
Government on issues related to Goods and Service Tax. The GST Council is
chaired by the Union Finance Minister and other members are the Union State
Minister of Revenue or Finance and Ministers in-charge of Finance or Taxation
of all the States.
The Goods and Services Tax Council shall make
recommendations to the Union and the States on
a. the taxes, cesses and surcharges levied by the
Union, the States and the local bodies which may be subsumed in the goods and
b. the goods and services that may be subjected to,
or exempted from the goods and services tax
c. model Goods and Services Tax Laws, principles of
levy, apportionment of Goods and Services Tax levied on supplies in the course
of inter-State trade or commerce under article 269A and the principles that
govern the place of supply
d. the threshold limit of turnover below which
goods and services may be exempted from goods and services tax
e. the rates including floor rates with bands of goods
and services tax
f. any special rate or rates for a specified
period, to raise additional resources during any natural calamity or disaster
g. special provision with respect to the States of
Arunachal Pradesh, Assam, Jammu and Kashmir, Manipur, Meghalaya, Mizoram,
Nagaland, Sikkim, Tripura, Himachal Pradesh and Uttarakhand and
h. any other matter relating to the goods and
services tax, as the Council may decide.
At the Tata group we are committed to improving the
quality of life of the communities we serve. We do this by striving for
leadership and global competitiveness in the business sectors in which we
Our practice of returning to society what we earn
evokes trust among consumers, employees, shareholders and the community. We are
committed to protecting this heritage of leadership with trust through the
manner in which we conduct our business.
Tata has always been values-driven. These values
continue to direct the growth and business of Tata companies. The five core Tata
values underpinning the way we do business are:
Integrity: We will
be fair, honest, transparent and
ethical in our conduct; everything we do must stand the test of public
Excellence: We will
be passionate about achieving the
highest standards of quality, always promoting meritocracy.
Unity: We will
invest in our people and partners, enable
continuous learning, and build caring and collaborative relationships based on
trust and mutual respect.
Responsibility: We will
integrate environmental and social
principles in our businesses, ensuring that what comes from the people goes
back to the people many times over.
Pioneering: We will
be bold and agile, courageously
taking on challenges, using deep customer insight to develop innovative
To improve the quality of life of the communities
we serve globally through long-term stakeholder value creation based on
Leadership with Trust.
Environment, Micro and Macro
Environment, Value system, Capitalistic Economy, Socialistic Economy, Mixed
economy, Fiscal Policy, Monetary policy, Demography, VUCA GST
For Future learning
i) Identify top five Indian companies
and understand their vision , mission and core values.
ii) Examine how mobile phones are
replacing the existing technologies-Radio, Music system, Camera etc.
Dr.VargheseKurien – Pioneer of White revolution
Amul meant different things to
different people :
To a Milk Producer A life enriching
To a Consumer Assurance of havingwholesome
To a Mother A reliable source of
nourishment for her child
To the Country Rural Development and
Apollo’s vision for the next phase of
development is to ‘Touch a Billion Lives’.
“Our mission is to bring healthcare
of International standards within the reach of every individual. We are
committed to the achievement and maintenance of excellence in education,
research and healthcare for the benefit of humanity”.
The TVS Group traces its origins to a
rural transport service, founded in 1911 in Tamil Nadu, India. Today, this
renowned business conglomerate remains faithful to its core ideals of trust,
values, service and ethics.