SUMMER INTERNSHIP REPORT

ON
“GOODS AND SERVICES TAX PRACTICES’’
AT
ORBIX INTERNATIONAL

(From September 05, 2023 to October 25, 2023)

A report submitted in partial fulfillment of the requirements for the Award of Degree of
BACHLOR OF COMMERCE

SUBMITTED BY:

AMOLI SRIVASTAVA
Roll no. 212032010015
Semester-Vth

DEPARTMENT OF COMMERCE
MAHARANA PRATAP GOVERNMENT PG COLLEGE
HARDOI
UNIVERSITY OF LUCKNOW, LUCKNOW
Session: 2023-2024
 OrbixInternational
497/33I.TCrossing,Lucknow,UttarPradesh
[email protected]|https://orbix.in|@orbixinternational

DearAmoliSrivastava

September
Wewouldliketocongratulateyouonbeingselectedforthe
03,2023
InternAccountantwiththeteamOrbixInternational,effectivefrom05Sep.2
023.AllofusatOrbixInternationalareexcitedthatyouwillbejoiningourteam!

Aswediscussedduringtheinterviewprocess,thisis anon-
AMOLI paidInternshipduringwhichyouwillbeexpectedtoprovideworkaspergivent
SRIVASTAVA imeline.Youmightbeawardedwithdifferentperkstooifyourperformancesp
eaksloudly.
Address: -294/A
LAXMI PURWA ThisInternshipisaneducationalopportunityforyouandaPartTimeInternship.
HARDOI, UTTAR
Assuch,yourinternshipwilltraining/
PRADESH
orientationandfocusprimarilyonlearninganddevelopmentnewskillsandgain
ingadeeperunderstandingofconceptthroughhands-
onapplicationoftheknowledgeyoulearntinclass.

ThisInternshipaddsadvantages
oftakingleaveduringmedicalemergenciesoruncertainties.Incaseofcan
cellationofInternshipunderanysituationyouhavetoyourrespectivesup
ervisor.

Again,congratulationandwelookforwardtoworkwithyouthiscomingten
ureofInternAccountant(45Days)

Sincerelyyours,

SukritDwivedi
(CharteredAccountant)
 TABLEOFCONTENT/INDEX

SR. PARTICULARS PAGENO.

NO.

1. Preface 1
2. CompanyProfile 2–4
3. Introduction 5–6
4. ObjectivesOfStudy 6
5. ScopeOfStudy 7
6. NeedOf Study 8
7. ContributionDuringSip 9
8. HistoryOfGST&It’sTypes 10–22
9. GSTReturns 23–30
10. GSTRegistration&E-InvoicingUnderGST 30–52

11. InputTaxCredit&FileGSTR-1 52–57

12. Limitations 58
13. Findings 59
14. Conclusion 60
15. Bibliography 61
 PREFACE
This is an internship report of 45 days for the motto of
learning an in demand skill from the comfort of your
home with Next Accounting Services which bring us the
training program specially designed for Commerce and
Management Students who can learn basic aspect of
commerce and accounts being used in various
organization. It has been prepared to fulfil the
requirements of B.COM Degree. The timings of the
Internship were consistent with the suitability of the
scholars and it had been from Monday to Saturday. It was
conducted virtually via platforms like Zoom and Google
Meet. During this Internship, the precise area of focus was
to be a “knowledgeable skepticism”. The Internship
Programmed has been very fruitful for me and as an
intern; I got an in-depth knowledge of software GST, ITR,
Invoice, E- filing, Tally and more. The main objective of
the report is to study the impact of GST on different
businesses and the changes occurred from the
implementation of GST and their effects. This report
consists of overview of my internship days, Objectives of
the study, Need of study, Scope of study, Contribution
during sip, Gst registration and how to file Gstr- 1, E-
invoicing under GST, Limitations of the study, and the
summary of findings and conclusion. This is all about my
internship report which mainly focuses on learning skill
with Orbix International.
 ABOUT COMPANY
Orbix International was founded to give United State & Indian
Accounting firms, Businesses and Financial advisors access to
accounting solutions that are dependable, cost effective and
scalable.

By connecting the latest technology with efficient labour, Orbix

International strives to change the landscape in which SME’s
operate in this country. We’re passionate about best practice,
offering a value-driven solutions approach, whether you’re an
Accountant, Business Owner or Financial Adviser.

We are always striving to achieve more for our clients,

suggesting changes and improvements wherever possible.

Companies with a mission to provide training to Indian

graduates to compete in the global job market and create job
opportunities while focusing on their learning and development
are often involved in skill development and education sectors.
These companies are dedicated to enhancing the employability
of Indian graduates and contributing to the growth of the
workforce.
ORBIX INTERNATIONAL VISION
 "To be the foremost tax and accounting firm in our region,
renowned for our unwavering commitment to accuracy,
innovation, and client success. Our vision is to simplify
complex financial matters, provide strategic tax solutions,
and empower our clients to achieve their financial goals,
while fostering a culture of continuous learning and
professional growth within our firm."

 This vision statement reflects the firm's commitment to

excellence, client-centric approach, and its aspiration to be
a leader in the tax and accounting industry. It also
emphasizes the importance of a positive and growth-
oriented internal culture.

MISSION
 "Our mission is to provide exceptional tax and
accounting services with integrity, precision, and a
client-focused approach. We are dedicated to
simplifying the complexities of financial matters,
optimizing tax strategies, and delivering reliable
financial insights to empower our clients. Through
ongoing education and a commitment to excellence, we
aim to build lasting relationships and contribute to our
clients' financial success."
 This mission statement reflects the firm's values, its
client centered approach, and its commitment to
professionalism and ethical conduct in the tax and
accounting
 CAREER WITH ORBIX
INTERNATIONAL
 If you’re an accounting professional looking to
establish your career, then Orbix International is the
place for you. You could be a commerce graduate
orbe studying for your CMA/Inter CA. Maybe you
are a marketing professional ora data entry specialist.
Regardless of your specialty, at Orbix International
we will help you be the best. With a strong focus on
learning and development, you will gain valuable
industry experience so you can achieve your goals.

 Overall, Orbix International seems to be positioning

itself that values talent and is willing to invest in the
growth and development of its graduate. If you are
considering a career in accounting and align with
their mission and values, it may be a place worth
exploring for your professional journey.

 The promise of gaining valuable industry experience

suggests that Orbix International provides
opportunities for hands-on learning and exposure to
real-world accounting and financial tasks.
INTRODUCTION
In any Welfare State, it is the prime responsibility of the
Government to fulfill the increasing developmental needs of the
country and its people by way of public expenditure. India,
being a developing economy, has been striving to fulfill the
obligations of a Welfare State with its limited resources; the
primary source of revenue being the levy of taxes. Though the
collection of tax is to augment as much revenue as possible to
the Government to provide public services, over the years it has
been used as an instrument of fiscal policy to stimulate
economic growth. Thus, taxes are collected to fulfill the socio-
economic objectives of the Government.
 OBJECTIVESOFSTUDY
 It helps create a common market in India with a uniform taxation
system and curb tax evasion in the country. The laws for GST are
far more stringent compared to the erstwhile indirect tax laws. The
aim is to have a nationwide surveillance system under GST,
making it easier to catch defaulters and tax evaders.
 It removes the cascading effect of the indirect taxes on a single
transaction. It also allows the setting off for prior taxes that are
related to the same transactions in the form of the input tax credit.
Under GST, the tax is applicable only on the net value added
during each stage of the supply chain.
 The government aims to reduce the need for multiple
documentation under the previous taxation system by introducing a
consolidated tax like GST. The idea is to help companies with an
uncomplicated tax filing procedure that will improve their
efficiency and cut down the overall costs associated with business
processes.
 It helps to subsume most indirect taxes into a single taxation
system that reduces the burden of compliance for taxpayers and
eases the government’s tax administration process. The main aim
of this taxation system is to simplify the entire process of paying
taxes and simplify compliance. Compared to the erstwhile indirect
taxes, almost the whole GST process, including registration,
returns filing, refunds and e-way bill generation, has shifted to the
online mode.
SCOPEOFSTUDY
 Taxation on Supply: GST is applicable to the supply of
goods and services, including sale, transfer, barter,
exchange, license, rental, lease, or disposal made or
agreed to be made for a consideration. It replaces multiple
indirect taxes like central excise duty, service tax, VAT,
etc..
 Dual Structure: GST in India has a dual structure,
involving both the Central Government and State
Governments. It consists of Central GST (CGST) levied
by the Central Government and State GST (SGST) levied
by the State Governments.
 E-commerce Transactions: GST is applicable to e-
commerce transactions as well. Online platforms that
facilitate the supply of goods or services are required to
collect and deposit GST.
 Compliance and Filing: Businesses are required to
comply with GST regulations, including filing regular
returns and maintaining proper documentation.
NEEDOFSIP

 Need of SIP is to gain inside knowledge

of auditing
 To know working environment of office.
 To tackle invoice and solve queries of
clients.
 To handle roles and responsibilities in the
company.
CONTRIBUTIONDURINGSIP

Following is my contribution of SIP in 45 days :-

 Review of various GST invoices..

 Download GST return file from government website.

 Comparing GST return with invoice.

 Understood various GST slabs.

 GENESIS OF GST IN INDIA
 In the year 2000, the then Prime Minister mooted the concept of GST
and set up a committee to design a Goods and Services Tax (GST)
model for the country. In 2003, the Central Government formed a task
force on Fiscal Responsibility and Budget Management, which in 2004
stronglyrecommended fully integrated ‘GST’ on national basis.

 Subsequently, the then Union Finance Minister, Shri P. Chidambaram,

while presenting the Union Budget (2006-2007), announced that GST
would be introduced from April 1, 2010. Since then, GST missed
several deadlines and continued to be shrouded by the clouds of
uncertainty.

 The talks of ushering in GST, however, gained momentum in the year

2014 when the NDA Government tabled the Constitution (122 nd
Amendment) Bill, 2014 on GST in the Parliament on 19 th December,
2014. The LokSabha passed the Bill on 6th May, 2015 and RajyaSabha
on 3rd August, 2016. Subsequent to ratification of the Bill

 by more than 50% of the States, Constitution (122 nd Amendment) Bill,

2014 received the assent of the President on 8th September, 2016 and
became Constitution (101st Amendment) Act, 2016, which paved the
way for introduction of GST in India.
 In the following year, on 27th March, 2017, the Central GST
legislations - Central Goods and Services Tax Bill, 2017, Integrated
Goods and Services Tax Bill, 2017, Union Territory Goods and
Services Tax Bill, 2017 and Goods and Services Tax (Compensation to
States) Bill, 2017 were introduced in LokSabha. LokSabha passed
these
 bills on 29th March, 2017 and with the receipt of the President’s assent
on 12th April, 2017, the Bills were enacted.
 In the following year, on 27 th March, 2017, the Central GST legislations -
Central Goods and Services Tax Bill, 2017, Integrated Goods and Services
Tax Bill, 2017, Union Territory Goods and Services Tax Bill, 2017 and
Goods and Services Tax (Compensation to States) Bill, 2017 were
introduced in LokSabha. LokSabha passed these bills on 29 th March, 2017
and with the receipt of the President’s assent on 12 th April, 2017, the Bills
were enacted.The enactment of the Central Acts was followed by the
enactment of the State GST laws by various State Legislatures. Telangana,
Rajasthan, Chhattisgarh, Punjab, Goa and Bihar were among the first ones
to pass their respective State GST laws. By 30 th June, 2017, all States and
Union Territories had passed their respective SGST and UTGST Acts
except
 GST is a path breaking indirect tax reform which attempts to create.
 VAT and GST are often used inter-changeably as the latter denotes
comprehensiveness of VAT by coverage of goods and services. France was
the first country to implement VAT/GST in 1954. Presently, more than 160
countries have implemented VAT/GST in some form or the other because
this tax has the capacity to raise revenue in the most
 transparent and neutral manner. Most of the countries follow unified GST
i.e., a single tax applicable throughout the country. However, in federal
polities.
 FRAMEWORK OF GST
AS
INTRODUCED IN INDIA

Dual GST:-

India has adopted a Dual GST modelin view of the federal structure
of the country. Consequently, Centre and States simultaneously levy
GST on taxable supply of goods or services or both, which takes
place within a State or Union Territory. Thus, tax is imposed
concurrently by the Centre and States, i.e. Centre and States
simultaneously tax goods and services. Now, the Centre also has the
power to tax intra-State sales & States are also empowered to tax
services. GST extends to whole of India including the State of
Jammu and Kashmir
CGST/SGST/UTGST/IGST
GST is a destination- based tax applicable on all transactions involving
supply of goods and services for a
consideration subject to exceptions thereof. GST in India comprises of
Central Goods and Services Tax (CGST) - levied and collected by
Central Government, State Goods and Services Tax (SGST) - levied and
collected by State Governments/Union Territories with Legislatures and
Union Territory Goods and Services Tax (UTGST) - levied and collected
by Union Territories without Legislatures, on intra-State supplies of
taxable goods and/or services. As a general rule, where the location of
the supplier and the place of supply of goods or services are in the same
State/Union territory, it is treated as intra-State supply of goods or
services respectively.
Further, where the location of the supplier and the place of supply of
goods or services are in (i) two different States or (ii) two different
Union Territories or (iii) a State and a Union territory, it is treated as
inter-State supply of goods or services respectively. Inter-State supplies
of taxable goods and/orservices are subject to Integrated Goods and
Services Tax (IGST). IGST is the sum total of CGST and SGST/UTGST
and is levied by Centre on all inter-State supplies.
Registration Every supplier of goods and/ or services is required to
obtain registration in the State/UT from where he makes the taxable
supply if his aggregate turnover exceeds the threshold limit during a FY.
Different threshold limits have been prescribed for various States and
Union Territories depending upon the fact whether the supplier is
engaged exclusively in supply of goods, or exclusively in supply of
services or in supply of both goods and services.
The threshold limit prescribed for various States/UTs
are as follows:
Composition Scheme
In GST regime, tax (i.e. CGST and SGST/UTGST for
intra-State supplies and IGST for inter-State supplies) is
payable by every taxable person and in this regard,
provisions have been prescribed in the law.
However, for providing relief to small businesses,
manufacturers, service providers, suppliers of food
articles, traders, etc., making intra-State supplies, a
simpler method of paying taxes is prescribed, known as
composition levy.

Exemptions
Apart from providing relief to small-scale business, the
law also contains provisions for granting exemption from
Payment of tax on essential goods and/or services.

Seamless flow of credit

Since GST is a destination-based consumption tax, revenue of
SGST ordinarily accrues to the consuming States. The inter-State
supplier in the exporting State is allowed to set off the available
credit against the IGST payable on inter-State supply made by
him (order of utilisation of credit is explained in brief below).
 The buyer in the importing State is allowed to avail the credit of
IGST paid on inter-State purchases made by him.
Thus, unlike the earlier scenario where the credit chain used to
break in case of inter-State sales on account of non-VATable
CST, under GST regime there is a seamless credit flow in case of
inter-State supplies too.
The revenue of inter-State sale does not accrue to the exporting
State and the exporting State transfers to the Centre the credit of
SGST/UTGST used in payment of IGST.
The Centre transfers to the importing State the credit of IGST
used in payment of SGST/UTGST.

Order of utilization of credit- There is a specified

order in which ITC should be utilized. First, IGST credit should
be utilized towards IGST payment, and then towards payment of
CGST and SGST/UTGST in any order and in any proportion.
After entire ITC of IGST is utilized, ITC of CGST should be
utilized for payment of CGST and IGST in that order.
Thereafter, ITC of SGST /UTGST should be utilized for
payment of SGST/UTGST and IGST in that order.

It may be noted that ITC of CGST cannot be utilized for payment of

GST/UTGST and vice versa. Also, ITC of SGST/UTGST should be utilized
for payment of IGST, only after ITC of CGST has been utilized fully.
Need for GST

In the pre-GST tax regime following taxes are levied by central

government as well as state Government on the goods and services
Taxes on levied by central government given below such:
Central sales tax, central excise duty and additional excise duty, CVD
and special CVD, service tax, central surcharge and cess, excise duty
under medicinal and toilet preparation act etc.
Taxes levied by State Government are given below such as
Entertainment tax, entry tax, purchase tax, value added tax, sales tax, tax
on lottery, state surcharge, luxury tax, betting and gambling tax and
luxury tax etc.
The above tax is are subsumed under GST which is in the nature of
either on the supply of goods are on the supply of services for the
purpose of free flow of tax credit in intra and interstate level.
Taxes and fees levy other than supply of goods and services would not
subsume under GST
GST levied on all the goods and services except tobacco, alcoholic liquor
for human consumption, crude oil, petrol natural gas and aviation turbine
fuel crude and diesel subject to the date from which GST Council will
applicable, entertainment tax levied by the local government
Pre-GST Indirect Tax
structure in India
Goods and service tax (GST)
GST is a direct tax reform a which create common
national market under GST subsumed various indirect
taxes like excise duty service tax VAT GST luxurious tax
entertainment tax entry Tax Act. GST was introduced in
India on 1st of July 2017 excluding Jammu and Kashmir
but on 8 of July 2017 SGST act passed buy Jammu and
Kashmir, CGST & IGST ordinance promulgated to extent
Jammu and Kashmir.
GST is a consumption-based tax applicable to the
transaction of supply of goods and services subject to the
certain exception. Goods and service tax in our country
comprises integrated goods and service tax (IGST), union
territory goods and service tax (UTGST), central goods
and service tax (CGST), state goods and service tax
(SGST).
  To achieve the ideology of ‘One Nation, One Tax’:
GST has replaced multiple indirect taxes, which were
existingunder the previous tax regime. The advantage of having
one single tax means every state follows the same rate for a
particular product or service. Tax administration is easier with
the Central Government deciding the rates and policies.
  To subsume a majority of the indirect taxes in
India:-
India had several erstwhile indirect taxes such as service
tax, Value Added Tax (VAT), Central Excise, etc., which
used to be levied at multiple supply chain stages. Some
taxes were governed by the states and some by the Centre.
There was no unified and centralized tax on both goods
and services.

 To eliminate the cascading effect of taxes:

One of the primary objectives of GST was to remove the
cascading effect of taxes. Previously, due to different
indirect tax laws, taxpayers could not set off the tax
credits of one tax against the other. For example, the
excise duties paid during manufacture could not be set off
against the VAT payable during the sale.

To curb tax evasion:

GST laws in India are far more stringent compared to any of the
erstwhile indirect tax laws. Under GST, taxpayers can claim an
input tax credit only on invoices uploaded by their respective
suppliers. This way, the chances of claiming input tax credits on
fake invoices are minimal. The introduction of e-invoicing has
further reinforced this objective.
 To increase the taxpayer base:
GST has helped in widening the tax base in India. Previously,
each of the tax laws had a different threshold limit for
registration based on turnover. As GST is a consolidated tax
levied on both goods and services both, it has increased tax-
registered businesses.

 Online procedures for ease of doing business:

Previously, taxpayers faced a lot of hardships dealing with
different tax.

Authorities under each tax law:

Besides, while return filing was online, most of the assessment and
refund procedures took place offline. Now, GST procedures are carried
out almost entirely online. Everything is done with a click of a button,
from registration to return filing to refunds to e-way bill generation.

 An improved logistics and distribution

system:
A single indirect tax system reduces the need for multiple documentation
for the supply of goods. GST minimizes transportation cycle times,
improves supply chain and turnaround time, and leads to warehouse
consolidation, among other benefits.

 To promote competitive pricing and increase

consumption:
Introducing GST has also led to an increase in consumption and
indirect tax revenues. Due to the cascading effect of taxes under the
previous regime, the prices of goods in India were higher than in
global markets. Even between states, the lower VAT rates in certain
states led to an imbalance of purchases in these states.
Input Credit in GST:
Input credit means at the time of paying tax on output, you can
reduce the tax you have already paid on inputs. Say, you are a
manufacturer – tax payable on output (FINAL PRODUCT) is Rs
450 tax paid on input (PURCHASES) is Rs 300 You can claim
INPUT CREDIT of Rs 300 and you only need to deposit Rs 150
in taxes. See here:

E-Commerce operator, aggregator or any of the persons

mentioned here, registered under GST, you are eligible to claim
INPUT CREDIT for tax paid by you on your PURCHASES.

Input Credit Mechanism is available to you when you are

covered under the GST Act. Which means if you are a
manufacturer, supplier, agent.
 How to claim input credit under GST?

To claim input credit under GST:

You must have a tax invoice (of purchase) or debit note

issued by registered dealer.
You should have received the goods/services.

Note: Where goods are received in lots/instalments, credit will

be available against the tax invoice upon receipt of last lot or
installment. Note: Where recipient does not pay the value of
service or tax thereon within 3 months of issue of invoice and he
has already availed input credit based on the invoice, the said
credit will be added to his output tax liability along with interest.

The tax charged on your purchases has been

deposited/paid to the government by the supplier in
cash or
via claiming input credit.
Supplier has filed GST returns.
Supplier has uploaded the invoice in their GSTR-1
and it appears in GSTR-2B of the recipient or buyer.
 Possibly the most path-breaking reform of GST is that input
credit is ONLY allowed if your supplier has deposited the tax, he
collected from you. So, every input credit you are claiming shall
be matched and validated before you can claim it.
Therefore, to allow you to claim input credit on Purchases all
your suppliers must be GST compliant as well.

Reverse Charge Mechanism (RCM) under GST:

Reverse charge is a mechanism where the recipient of the goods or services
is liable to pay Goods and Services Tax (GST) instead of the supplier.
Typically, the supplier of goods or services pays the tax on supply. Under
the reverse charge mechanism, the recipient of goods or services becomes
liable to pay the tax, i.e., the chargeability gets reversed.

The objective of shifting the burden of GST payments to

the recipient is to widen the scope of levy of tax on
various unorganized sectors, to exempt specific classes of
suppliers, and to tax the import of services (since the
supplier is based outside India).
When is Reverse Charge Applicable?
Section 9(3), 9(4) and 9(5) of Central GST and State GST
Acts govern the reverse charge scenarios for intrastate
transactions. Also, sections 5(3), 5(4) and 5(5) of the
Integrated GST Act govern the reverse charge scenarios
for inter-state transactions. Let’s have a detailed
discussion regarding these scenarios:

Who is a Casual Taxable Person under GST?

A person who occasionally supplies goods and/or

services in a territory where GST is applicable but he
does not have a fixed place of business. Such a
person will be treated as a casual taxable person as
per GST.
Example: A person who has a place of business in
Bangalore supplies taxable consulting services in Pune
where he has no place of business would be treated as a
casual taxable person in Pune.
Who is a Non-Resident Taxable person
under GST?

When a non-resident occasionally supplies goods/services in a

territory where GST applies, but he does not have a fixed place
of business in India. As per GST, he will be treated as a non-
resident taxable person. It is similar to above except the non-
resident has no place of business in India.

Who is an Input Service Distributor?

‘Input Service Distributor’ means an office of the supplier of

goods/services which receives tax invoices on receipt of input services
and issues tax invoices for the purpose of distributing the credit of
CGST/SGST/IGST paid on the said services to your branch with the
same PAN. (It must be a supplier of taxable goods /services having the
same PAN as that of the office referred to above).
Thus, only credit on ‘input services’ can be distributed and not on input
goods or capital goods. This will be a new concept for assesses who are
currently not registered as input service distributors. However, this
facility is optional in nature.

Who is a composition taxpayer?

 A composition taxpayer refers to those registered under the

composition scheme who need not collect GST from his customers
at normal rates. Instead, he can pay tax at a nominal rate or lower
rates to the government on the basis of turnover or receipts on a
quarterly basis while filing CMP- 08.
 There are certain conditions defined for such taxpayers. At the
inception of GST, only suppliers of goods could opt into the
composition scheme governed by Section 10 of the CGST Act with
annual turnover up to Rs.1.5 crore. From 1st April 2019, service
providers are also given an option to join a similar scheme. The
annual aggregate turnover limit must be up to Rs.50 lakh.

Who is a QRMP taxpayer?

A registered person who is required to furnish a return in GSTR-
3B, and who has an aggregate turnover of up to Rs.5 crore
rupees in the preceding financial year, is eligible for the QRMP
Scheme. Under the scheme, one can file GSTR-1 and GSTR-3B
once in a quarter whereas make tax payment every month in
form PMT-06. Further, if B2B sales invoices need to be
uploaded on the GST portal monthly, then Invoice Furnishing
Facility (IFF) can be used.

GST Registration by Type of Taxable

Person:

 Every person has to apply for registration in every State in

which he is liable, within thirty days from the date on which
he becomes liable to registration.

 Casual / non-resident taxable persons should apply at least

five days before their commencement of business.

 Registration number in GST will be PAN based and hence,

having PAN would be a prerequisite for obtaining
registration.

 The assesses must obtain separate registration for each

State, as registration under GST will be State-wise.
Special provisions of GST Registration for
casual taxable person and non-resident
taxable person:
A casual taxable person or a non-resident taxable person
shall apply for registration at least five days prior to the
commencement of business. Section 24 provides for
special provisions relating to casual taxable persons and
non-resident taxable persons under GST.
Casual/non-resident taxable person may obtain a
temporary registration for a period of 90 days (extendable
for additional 90 days). A person who obtains registration
u/s 24, will be required to make an advance deposit of
GST (based on his estimated tax liability).
Types of GST Returns:
GST return is a form that a taxpayer registered under the
Goods and Services Tax (GST) law must file for every
GSTIN that he is registered. Also, the status of GSTIN
should be active if the taxpayer regularly files the returns.
Out of them, only 11 GST returns are active, 3 suspended,
and 8 view-only in nature.

In short, the number and types of GST return that a

business/professional must file is based on the type of
taxpayer registered. These types include regular taxpayer,
composition taxable persons, e-commerce operators, TDS
deductor, non-resident taxpayer, Input Service
Distributor(ISD), casual taxable persons, etc. Further, the
frequency of filing some GST returns may differ among the
GSTR-1 and GSTR-3B filers, if they opt into the Quarterly
Return filing and Monthly Payment of taxes (QRMP)
scheme.
GSTR-1:
GSTR-1 is the return to be furnished for reporting details of all
outward supplies of goods and services made. In other words, it
contains the invoices and debit-credit notes raised on the sales
transactions for a tax period. GSTR-1 is to be filed by all normal
taxpayers who are registered under GST, including casual
taxable persons.
Any amendments to sales invoices made, even pertaining to
previous tax periods, should be reported in the GSTR-1 return by
all the suppliers or sellers.

The filing frequency of GSTR-1 is currently as follows:-

(a) Monthly, by 11th* of every month: If the business either

has an annual aggregate turnover of more than Rs.5 crore or has
not opted into the QRMP scheme.

(b) Quarterly, by 13th** of the month following every

quarter: If the business has opted into the QRMP scheme.

Till September 2018, the due date was the 10th of every month.
Till December 2020, was the end of the month succeeding the quarter.
GSTR-2A:
GSTR-2A is a view-only dynamic GST return relevant for the
recipient or buyer of goods and services. It contains the details of
all inward supplies of goods and services i.e., purchases made
from GST registered suppliers during a tax period.
The data is auto-populated based on data filed by the
corresponding suppliers in their GSTR-1 returns. Further, data
filed in the Invoice Furnishing Facility (IFF) by the QRMP
taxpayer, also get auto-filled. Since GSTR-2A is a read-only
return, no action can be taken in it. However, it is referred by the
buyers to claim an accurate Input Tax Credit (ITC) for every
financial year, across multiple tax periods. In case any invoice is
missing, the buyer can communicate with the seller to upload it
in their GSTR-1 on a timely basis. It was used frequently for
claiming ITC for every tax period until August 2020. Thereafter,
the buyers must mostly refer to GSTR-2B, static return, to claim
the input tax credit for every tax period.

GSTR-2B:
GSTR-2B is again a view-only static GST return
important for the recipient or buyer of goods and services.
It is available every month, starting in August 2020 and
contains constant ITC data for a period whenever checked
back.
ITC details will be covered from the date of filing GSTR-
1 for the preceding month (M-1) up to the date of filing
GSTR-1 for the current month (M). The return is made
available on the 12th of every month, giving sufficient
time before filing GSTR-3B, where the ITC is declared.
GSTR-2B provides action to be taken against every
invoice reported, such as to be reversed, ineligible, subject
to reverse charge, references to the table numbers in
GSTR-3B.

GSTR-2:
GSTR-2 is currently a suspended GST return, that applied
to registered buyers to report the inward supplies of goods
and services, i.e. the purchases made during a tax period.
The details in the GSTR-2 return had to be auto-populated
from the GSTR- 2A. Unlike GSTR-2A, the GSTR-2
return can be edited. GSTR-2 is to be filed by all normal
taxpayers registered under GST. However, the filing of
the same has been suspended ever since September 2017.

GSTR-3:
GSTR-3 is again currently a suspended GST return. It was a
monthly summary return for furnishing summarized details of all
outward supplies made, inward supplies received and input tax
credit claimed, along with details of the tax liability and taxes
paid. This return would have got auto-generated on the basis of
the GSTR-1 and GSTR-2 returns filed. GSTR-3 is to be filed by
all normal taxpayers registered under GST, however, the filing
of the same has been suspended ever since September 2017.
GSTR-3B:
GSTR-3B is a monthly self-declaration to be filed, for furnishing
summarized details of all outward supplies made, input tax credit
claimed, tax liability ascertained and taxes paid.
GSTR-3B is to be filed by all normal taxpayers registered under
GST. The sales and input tax credit details must be reconciled
with GSTR-1 and GSTR-2B every tax period before filing
GSTR-3B.GST reconciliation is crucial to identify mismatches
in data, that may lead to GST notices in future or suspension of
GST registration as well.
The filing frequency of GSTR-3B is currently as follows:
(a) Monthly, 20th* of every month: For taxpayers with an
aggregate turnover in the previous financial year of more than
Rs.5 crore or have been otherwise eligible but still opted out of
the QRMP scheme.
(b) Quarterly, 22nd of the month following the quarter for ‘X’**
category of States and 24th of the month following the quarter
for ‘Y’** category of States: For the taxpayers with aggregate
turnover equal to or below Rs 5 crore, eligible and remain opted
into the QRMP scheme.

Effective from January 2021 tax period onwards. Previously,

was as follows:
(i) Was staggered as 20th (turnover of previous FY was more
than Rs.5 crore), 22nd and 24th (turnover of previous FY was up
to Rs.5 crore, for ‘X’ and ‘Y’ category of States) of every month,
from January 2020 till December 2020.
(ii) Was 20th of every month till December 2019.
 ‘X’ category States/UT : Chhattisgarh, Madhya Pradesh,
Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil
Nadu, Telangana or Andhra Pradesh or the Union
territories of Daman and Diu and Dadra and Nagar Haveli,
Puducherry, Andaman and Nicobar Islands and
Lakshadweep.
 ‘Y’ category States/UT: Himachal Pradesh, Punjab,
Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar,
Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram,
Tripura, Meghalaya, Assam, West Bengal, Jharkhand or
Odisha or the Union Territories of Jammu and Kashmir,
Ladakh, Chandigarh and New Delhi.

GSTR-4:
GSTR-4 is the annual return that was to be filed by the
composition taxable persons under GST, by 30th April of the
year following the relevant financial year. It has replaced the
erstwhile GSTR-9A (annual return) from FY 2019-20 onwards.
Prior to FY 2019-20, this return had to be filed on a quarterly
basis. Thereafter, a simple challan in form CMP-08 filed by 18th
of the month succeeding every quarter replaced it.
The composition scheme is a system in which taxpayers dealing
with goods and having a turnover up to Rs.1.5 crores can opt
into and pay taxes at a fixed rate on the turnover declared.
Further, the service providers can avail a similar scheme CGST
(Rate) Notification 2/2019 dated 7th March 2019 if turnover is
up to Rs.50 lakh.
GSTR-5:
GSTR-5 is the return to be filed by non-resident foreign
taxpayers, who are registered under GST and carry out business
transactions in India. The return contains details of all outward
supplies made, inward supplies received, credit/debit notes, tax
liability and taxes paid. The GSTR-5 return is to be filed
monthly by the 20th of each month under GSTIN that the
taxpayer is registered in India.

GSTR-5A:
GSTR-5A refers to a summary return for reporting the
outward taxable supplies and tax payable by Online
Information and Database Access or Retrieval Services
(OIDAR) provider under GST.
The due date to file GSTR-5A is the 20th of every month.

GSTR-6:
GSTR-6 is a monthly return to be filed by an Input
Service Distributor (ISD). It will contain details of input
tax credit received and distributed by the ISD. It will
further contain details of all documents issued for the
distribution of input credit and the manner of distribution.
The due date to file GSTR-6 is the 13th of every month.
GSTR-7:
GSTR-7 is a monthly return to be filed by persons required to
deduct TDS (Tax deducted at source) under GST.
This return will contain details of TDS deducted, the TDS
liability payable and paid and TDS refund claimed if any.
The due date to file GSTR-7 is the 10th of every month.

GSTR-9:
GSTR-9 is the annual return to be filed by taxpayers registered
under GST. It is due by 31st December of the year following the
relevant financial year, as per the GST law.
It contains the details of all outward supplies made, inward
supplies received during the relevant financial year under
different tax heads i.e. CGST, SGST & IGST and a summary
value of supplies reported under every HSN code, along with
details of taxes payable and paid. It is a consolidation of all the
monthly or quarterly returns (GSTR-1, GSTR- 2A, GSTR-3B)
filed during that financial year. GSTR-9 is required to be filed by
all taxpayers registered under GST. However, there are few
exceptions such as taxpayers who have opted for the
composition scheme, casual taxable persons, input service
distributors, non-resident taxable persons and persons paying
TDS under section 51 of the CGST Act.

Note: As per the CGST notification no. 47/2019, later amended,

the annual return under GST for taxpayers having an aggregate
turnover that does not exceed Rs.2 crore has been made optional
for FY 2017-18, FY 2018-19 and FY 2019-20.
GSTR-9A:
GSTR-9A is currently a suspended annual return earlier required
to be filed by composition taxpayers. It had a consolidation of all
the quarterly returns filed during that year.

Late filing of GST Returns:

Return filing is mandatory under GST. Even if there is no
transaction, you must file a Nil return.

There are few points to note:

 You cannot file a return if you do not file the previous
month/quarter’s return.

 Hence, late filing of GST return will have a

cascading effect leading to heavy fines and penalty.

 The late filing fee of the GSTR-1 is populated in the

liability ledger of GSTR-3B filed immediately after
such delay.
Interest and Late fee to be paid:
 Interest is 18% per annum. It has to be calculated by the taxpayer
on the amount of outstanding tax to be paid. It shall be calculated
on the net tax liability identified in the ledger at the time of
payment.

 The time period will be from the next day of filing due date till the
actual date of payment.

 As per the CGST Act, the late fee is Rs.100 per day per Act. So, it
is Rs.100 under CGST & Rs.100 under SGST. The total shall be
Rs.200/day. However, there is a maximum levy of Rs. 5,000.

 There is no late fee separately prescribed under the IGST Act.

Also, for GSTR-1 and GSTR-3B, the total late fee was reduced to
Rs. 50 /day (Rs.20 /day for Nil filing).

E-invoicing under GST:

‘e-Invoicing’ or ‘electronic invoicing’ is a system in which
B2B invoices and a few other documents are authenticated
electronically
by GSTN for further use on the common GST portal.
In its 35th meeting, the GST Council decided to implement a
system of e-
Invoicing, covering specific categories of persons, mostly
large enterprises. Later on, it has been expanded to cover
mid-sized businesses and small businesses as well.
e- Invoicing does not imply the generation of invoices on the
GST portal but it means submitting an already generated
standard invoice on a common e invoice portal. Thus, it
automates multi-purpose reporting with a one-time input of
invoice details. The CBIC notified a set of common portals to
prepare e invoice via Notification No.69/2019 – Central Tax.
Under the electronic invoicing system, an identification
number will be issued against every invoice by the Invoice
Registration Portal (IRP), managed by the GST Network
(GSTN). The National Informatics Centre launched the first
IRP at einvoice1.gst.gov.in.
All invoice information gets transferred from this portal to
both the GST portal and the e-way bill portal in real-time.
Therefore, it eliminates the need for manual data entry while
filing GSTR-1 returns and generation of part-A of the e-way
bills, as the information is passed directly by the IRP to the
GST portal.
Key features of GST include:
1. One Nation, One Tax: GST eliminates the need for multiple taxes at
the central and state levels, bringing uniformity in the tax structure
across the country.
2. Value-Added Taxation: GST is a value-added tax, meaning businesses
can claim input tax credit for the GST paid on their purchases. This
eliminates tax on tax, ensuring that the final burden falls on the end
consumer.
3. Transparency: GST introduces a transparent tax structure with
standardized rates and clear rules, reducing opportunities for tax evasion.
4. Simplified Compliance: Businesses benefit from simplified
compliance procedures, as GST requires electronic filing and uniform
tax return formats, reducing paperwork.
5. Cascading Effect Reduction: By allowing input tax credit, GST
reduces the cascading effect of taxes, making products and services more
affordable.
6. Dual Structure: In many countries like India, GST operates under a
dual structure with both central and state components. The Central GST
(CGST) and State GST (SGST) are levied separately.
7. Threshold Limits: Small businesses with a turnover below a certain
threshold are often exempted from GST or subject to lower rates, making
it more equitable for smaller enterprises.

The introduction of GST has had a profound impact on businesses,

government revenue, and the overall economic landscape of the
countries that have adopted it. It has simplified the tax regime, reduced
the compliance burden, and contributed to the ease of doing business.
While the implementation of GST can be challenging, its benefits in
terms of economic efficiency and uniformity have made it a significant
milestone in tax reform.
Background on Goods and Services Tax
(GST):
Goods and Services Tax (GST) is a significant tax reform that has been
implemented in various countries around the world. The concept of GST
has its origins in the early 20th century, and its implementation was
driven by the need to simplify and modernize the tax system, reduce tax
evasion, and promote economic growth.

Here is a brief background on the development of GST:

1. Early Concept: The idea of a consumption-based tax that would tax

goods and services at each stage of production and distribution was first
introduced by a French economist named Maurice Laure in the 1950s.
This concept aimed to replace the complex and cascading tax systems
prevalent at the time.
2. Canada's Implementation: Canada was one of the first countries to
implement a GST in 1991. The Canadian GST served as a model for
many other nations. It introduced a federal GST (Goods and Services
Tax) and provincial sales taxes that were harmonized into the
Harmonized Sales Tax (HST) in some provinces.
3. European Union (EU) VAT: The European Union introduced a value-
added tax (VAT) system in the 1960s, which is similar in concept to
GST. The VAT system was designed to create a common tax structure
for EU member states, simplifying trade within the region.
4. Global Adoption: Over the years, many countries began to recognize
the benefits of a GST or VAT system. Countries like Australia,
Singapore, and Malaysia implemented GST systems. India introduced
the Goods and Services Tax in 2017, making it one of the largest and
most complex GST implementations in the world.
5. Benefits of GST: The adoption of GST is driven by several key
benefits, including: - Simplification: GST simplifies the tax system by
replacing multiple taxes with a single tax. - Reduction in Tax Evasion:
By providing input tax credits and improving transparency, GST helps
reduce tax evasion.- Boost to the Economy:
It promotes economic growth by making products and services
more affordable and reducing the overall tax burden on
businesses.
6. Implementation Challenges: Implementing GST is a
complex process, as it requires the cooperation of both central
and state governments (in countries with a federal structure) and
significant changes in tax administration and compliance.
7. Customization: Each country customizes its GST or VAT
system to suit its specific needs. This can lead to variations in tax
rates, exemptions, and administrative processes.
8. Ongoing Reforms: GST systems continue to evolve as
countries learn from their experiences and make adjustments to
improve the tax structure.

The adoption of GST represents a significant shift in the way

countries tax goods and services. It has become an essential
component of modern tax systems, contributing to economic
growth, trade facilitation, and a more straightforward and
efficient tax regime. While the introduction of GST can be
challenging, its long-term benefits make it a crucial aspect of
modern taxation.When writing about the objectives of your
internship, you should outline the specific goals and outcomes
you aimed to achieve during your internship period.
These objectives will depend on your field of study, the organization
you are interning with, and your personal career goals.
1. Hands-on Experience: Gain practical, hands-on experience
in the field of [GST]. This could involve working on real-world
projects, tasks, or assignments related to [Return of GST].
2. Industry Knowledge: Acquire a deeper understanding of the
[GST] and how it operates. Learn about the latest trends,
challenges, and opportunities in the field.
3. Skill Development: Enhance my skills in [Tax Compliance],
such as research, data analysis, problem-solving,
communication, teamwork, project management, or any specific
technical skills that are relevant to your internship.
4. Networking: Build a professional network within the industry
by establishing connections with colleagues, supervisors, and
professionals in the field.
5. Mentorship: Benefit from mentorship and guidance from
experienced professionals in [Taxation], and learn from their
expertise and insights.
6. Understanding Organizational Culture: Gain insights into
the corporate culture and work environment of [Orbix
International] and understand how they function on a day-to-day
basis.
7. Application of Theoretical Knowledge: Apply the
theoretical knowledge gained in my academic studies to real-
world situations and understand how it is used in practical
scenarios.
8. Project Completion: Successfully complete the assigned
project [Registration ,Cancellation Process] and contribute to the
organization's goals and objectives.
9. Exposure to [Taxation]: If your internship is in a specialized
area within your field, state your objective to gain specific
exposure or experience in that area (e.g., finance, Accounting,
etc.).
10. Personal Growth and Development: Enhance personal and
professional growth, including improving time management,
adaptability, and problem-solving abilities.
11. Feedback and Evaluation: Receive regular feedback and
evaluations from supervisors to assess your performance and ---
identify areas for improvement.
12. Contribution to the Organization: Make a positive
contribution to the goals and operations of [Orbix International]
by providing valuable support and delivering quality work.
It's important to make your objectives specific, measurable, and
achievable. Additionally, you should reflect on your internship
experience at the end of your report to evaluate whether you met
these objectives and what you learned from the experience. This
self-assessment can be an essential part of your internship report.
When describing the activities and accomplishments in the field
of Goods and Services Tax (GST) during your internship, it's
crucial to provide a detailed account of what you worked on and
the results you achieved. Here is a sample of the kind of content
you might include in this section of your internship report:

Activities in GST:
1. GST Compliance and Documentation: Assisted in preparing
and maintaining GST documentation, which included invoices,
bills of supply, and input tax credit records.
2. GST Return Filing: Participated in the preparation and filing
of GST returns, ensuring timely and accurate submissions to
comply with statutory requirements.
3. GST Registration: Helped with the GST registration process
for new clients or businesses, ensuring all necessary documents
and details were in order.
4. Data Analysis: Conducted data analysis to reconcile GST
records and identify any discrepancies or errors in the returns,
thereby contributing to improved accuracy

.
5. Tax Audit Support: Assisted in the preparation for GST
audits, working closely with auditors to provide necessary
documentation and explanations for the audit process.
6. Research on GST Laws: Conducted research on the latest
GST laws and regulations to stay up-to-date with changes and
ensure compliance with new requirements.
7. Communication with Tax Authorities: Communicated with
tax authorities for issue resolution, clarification of tax matters,
and addressing any inquiries or notices received.
8. Client Assistance: Supported clients in understanding GST
implications, answering queries, and assisting with GST-related
issues or disputes.

Accomplishments in GST:
1. Reduction in Compliance Errors: By implementing
improved documentation processes and attention to detail,
helped reduce compliance errors and discrepancies in GST
filings by [percentage].
2. Timely GST Return Filing: Ensured that all GST returns
were filed accurately and on time, achieving a 100% compliance
rate for the organization and its clients.
3. Successful GST Registrations: Contributed to the timely and
accurate registration of [number] new clients under the GST
regime, streamlining their entry into the tax system.
4. Improved Data Accuracy: through data analysis and
reconciliation, identified and rectified errors in GST records,
resulting in a reduction in inaccuracies and potential penalties.
5. Efficient Audit Preparation: Played a key role in the
efficient preparation of GST audits, helping the organization
pass audits without significant issues and minimizing any
potential financial impact.

6. Client Satisfaction: Received positive feedback from clients

for providing effective and clear guidance on GST-related
matters, enhancing client satisfaction and trust.
7. Knowledge Sharing: Conducted training sessions for
colleagues on recent GST law changes and compliance best
practices, contributing to better team understanding and
performance.
8. Documentation Improvement: Implemented a more
organized and efficient documentation system for GST records,
improving accessibility and audit readiness.
9. Contributions to GST Strategies: Collaborated with the
GST team to devise strategies for optimizing GST benefits and
compliance for clients, thereby increasing the organization's
overall efficiency and value proposition.
When describing your accomplishments, make sure to use
specific metrics or examples to quantify your contributions and
demonstrate the positive impact of your work. This will provide
a clearer picture of your effectiveness during your GST
internship.
During my internship in the field of Goods and Services Tax
(GST), I gained valuable knowledge and insights into various
aspects of GST, including new concepts, laws, and regulations.
Here is a summary of the key learnings and skills I
acquired:
1. Understanding of GST Structure: - I gained a comprehensive
understanding of the structure of GST, including its dual model with
Central GST (CGST) and State GST (SGST) components, as well as the
Integrated GST (IGST) for inter-state transactions.
2. Input Tax Credit (ITC): - I learned the significance of Input Tax
Credit and how it allows businesses to set off the GST they pay on
purchases against the GST they collect on sales. Understanding the
mechanism of ITC was crucial for reducing the cascading effect of taxes.
3. GST Rates and Classification: - I became familiar with the various
GST rate slabs, their applicability to different goods and services, and the
HSN (Harmonized System of Nomenclature) and SAC (Service
Accounting Code) codes used for classification.
4. GST Registration: - I learned the process of GST registration,
including eligibility criteria, documentation requirements, and the
importance of obtaining a GSTIN (GST Identification Number).
5. GST Return Filing: - I gained practical experience in preparing
and filing GST returns, including GSTR-1 for outward supplies
and GSTR-3B for summary returns, and understood the
importance of accuracy and timeliness in filing.
6. Compliance and Documentation: - I developed skills in
maintaining accurate GST records and documentation, such as
invoices, credit and debit notes, and ledgers, to ensure
compliance with GST regulations.
7. Reverse Charge Mechanism (RCM): - I learned about the
reverse charge mechanism, where the recipient of goods or
services is liable to pay GST instead of the supplier, and the
implications of this mechanism on various business transactions.
8. GST Refunds: - I gained insights into the procedures and
requirements for claiming GST refunds, particularly for exports
and inverted tax structures, which were essential for businesses
looking to optimize their cash flows.

9. GST Laws and Updates: - I kept up-to-date with the latest

changes in GST laws and regulations by regularly researching
and reviewing official government notifications, circulars, and
case laws.
10. Impact of GST on Businesses: - I understood how GST had
a significant impact on various business processes, pricing
strategies, and supply chain management. This knowledge was
essential for advising clients on optimizing their operations
under the GST regime.

11. Legal Compliance and Reporting: - I developed a strong

understanding of the legal compliance requirements under GST,
which involved accurately reporting transactions and
maintaining records, crucial for avoiding penalties.
12. GST Technology Platforms: - I became proficient in using
GSTN (Goods and Services Tax Network) and other GST-
related technology platforms for return filing, payment
processing, and other compliance-related activities.

Overall, my internship in GST provided me with practical

experience and a deep understanding of the intricacies of this tax
system. It equipped me with the knowledge and skills necessary
to navigate the complex world of GST compliance and offered
valuable insights into its impact on businesses and the broader
economy. These learnings will undoubtedly be beneficial for my
future career in taxation and financial management.
Registration under the Goods and Services Tax (GST) is the
process by which businesses and individuals obtain a unique
identification number that allows them to collect and remit GST
on the sale of goods and services. GST is a consumption-based
indirect tax system that has been implemented in many
countries, including India, Canada, and various other nations.
Here are some key points regarding
registration under GST:
1. Mandatory and Voluntary Registration: In most GST
systems, businesses whose aggregate turnover exceeds a certain
threshold limit are required to register for GST. However, in
some cases, businesses with turnover below the threshold may
also choose to register voluntarily to avail of certain benefits or
to facilitate interstate trade.
2. Threshold Limits: The threshold limits for mandatory GST
registration can vary from one country to another and can also
vary within a country for different types of businesses. In India,
for example, the threshold limits for GST registration differ for
different states.
3. Application Process: To register for GST, businesses need
to submit an application along with required documents and
information to the relevant tax authority. The registration process
can typically be done online through a dedicated portal.
4. GSTIN: Once the registration is approved, the business is
issued a unique GST Identification Number (GSTIN). This
number is used for all GST-related transactions and filings.
5. Compliance: Registered businesses are required to collect
GST from their customers on taxable supplies and remit it to the
tax authorities. They must also file regular GST returns, which
provide
6. Input Tax Credit: One of the key benefits of GST
registration is the ability to claim Input Tax Credit (ITC).
Registered businesses can offset the GST they have paid on
purchases against the GST they have collected on sales. This
helps in eliminating the cascading effect of taxes and reduces the
overall tax burden.

7. Penalties for Non-compliance: Failing to register for

GST when required or not complying with GST regulations can
result in penalties and legal consequences.

details of their sales, purchases, and tax liability.

8. Cancellation and Surrender: Businesses can also cancel
or surrender their GST registration under certain circumstances,
such as if they cease their operations or no longer meet the
threshold requirements.
It's important to note that the specific rules and procedures for
GST registration can vary from country to country. Businesses
and individuals are advised to consult the relevant tax authorities
or seek professional advice to ensure they comply with the
applicable GST regulations in their jurisdiction.
Cancel your GST registration online by following
these steps:
Log in to the GST portal.
Navigate to Services > Registration > Application for
Cancellation of Registration.
The page ‘Application for Cancellation of Registration’ will
contain three tabs. Ensure that the first tab ‘Basic Details’ is
selected. It will collect pre-filled information.
Choose the reason for cancellation from the drop-down list.
Upload the required documents.
Submit the application.
Here are the steps to generate an E-way bill on the GST portal:
Log in to the GST portal.

Navigate to Services > Registration > Application for

Cancellation of Registration.
The page ‘Application for Cancellation of Registration’ will
contain three tabs. Ensure that the first tab ‘Basic Details’ is
selected. It will collect pre-filled information.
Choose the reason for cancellation from the drop-down list.
Upload the required documents.
Submit the application.
The validity of an E-way bill is calculated based on the distance
between the starting point and the delivery location.For standard
cargo, the validity is1 day per 200 kilometres. For over-
dimensional cargo, the validity is 1 day for every 20 kilometres.
Here are the steps to file GSTR-1 on the GST
portal:

1. Log in to the GST portal.

2. Navigate to Services > Returns > Returns Dashboard.
3. Select the financial year and month for which you want to file
the return.
4. Click on ‘Search’.
5. Select the ‘Prepare Online’ option under the GSTR-1 tile.
6. Fill in the details of your outward supplies made during that
particular tax period.
7. Preview the form and make sure all the details are correct.
8. Click on ‘Submit’.
Nil Return Of GST
Details Of outward Supply
LIMITATIONS
 In the auditing of GST return extensive use of paper
work is involved.
 There is no specified format to record data entries.
 It takes lot of time to record each entry in the excel
format.
 Traders does not follow scheduled date to file return
which increases work of filling penalties.
 Businesses Doe’s not record all transaction in GST
return to save tax.
 Because of heavy traffic on website it takes lot of
time and efforts to download file from government
portal
 Declaration

I do hereby solemnly declare that the work presented in

this internship report has been carried out by me and has
not been previously submitted to any other University,
College, or Organization for any academic Qualification
and Certificate.

Amoli Srivastava
ROLL NO.- 2120032010015
 Acknowledgements
The internship opportunity I had with Orbix International was a
great chance for learning and professional development.
Therefore, I consider myself as a very lucky individual as I was
provided with an opportunity to be a part of it. I am also grateful
for having a chance to meet so many wonderful people and
professionals who led me though this internship period.
Bearing in mind previous I am using this opportunity to express
my deepest gratitude and special thanks to the manager of Orbix
International who in spite of being extraordinarily busy with his
duties, took time out to hear, guide and keep me on the correct
path and allowing me to carry out my project at their esteemed
organization and extending during the training.
I perceive as this opportunity as a big milestone in my career
development. I will strive use gained skills and knowledge in the
best possible way, and I will continue to work on their
improvement, in order to attain desired career objectives.

Hope to continue cooperation with all of you in the future,

sincerely.

Amoli Srivastava
CONCLUSION

Summer internship in SNGC Taxserve was very

helpful for in learning about financial and
management aspect in the organization.

During SIP I have gained knowledge of GST

and how actual auditing is done to findout frauds
done by seller to save tax.

In this process I came that working in an

Organisation and studying about working in
Organisation is very different.
BIBLIOGRAPHY
Information from company Boucher and from
various invoices of clients.

Reference book:-
Good and service tax, Dr. H.C.Mehrota& Prof. V.P.
Agarawal The simplified Indian GST law, CA Prakhar
Jain

Weblinks:-
https://gstcouncil.gov.in/https://ijcrt.org/
https://www.incometax.gov.in/iec/foportalhttps://
gstcouncil.gov.in/https://jgateplus.com/home/https://
cleartax.in/s/how-to-register-for-gst
Challenges Faced During Internship

Limited Experience: Interns may lack practical experience

in the field, making it challenging to adapt to the work
environment and meet the expectations of the role.

Communication Barriers: Interns might face challenges

in effectively communicating with team members, supervisors,
or other employees due to differences in communication styles
or lack of familiarity with professional language.

Technical Skills Gap: Interns may encounter challenges in

keeping up with the technical demands of the job, especially if
they are expected to use tools or software they haven't
encountered before.

Workload and Time Management: Balancing tasks,

meeting deadlines, and managing time efficiently can be a
struggle for interns, particularly if they are given a variety of
responsibilities.

Feedback and Criticism: Constructive criticism is a vital

part of learning, but it can be challenging for interns to handle
feedback, especially if it's not delivered in a positive and
supportive manner.
Future Scope Of Internship
Skill Development and Learning Opportunities :
Internships will continue to be valuable for skill development
and gaining practical experience in a specific field. As
technology and industries advance, interns may increasingly
focus on acquiring specialized skills relevant to emerging trends.

Integration of Technology: Interns will likely be exposed to

and work with advanced technologies relevant to their field. This
may include artificial intelligence, machine learning, virtual
reality, and other emerging technologies. Interns who gain
experience with cutting-edge tools and platforms will have a
competitive edge in the job market.

Continuous Learning and Upskilling : The fast-paced

nature of many industries will require individuals to engage in
continuous learning and upskilling. Internships may serve as a
starting point for a lifelong commitment to professional
development.

Networking Opportunities: Internships will remain valuable

for building professional networks. Interns may have more
opportunities to connect with industry professionals, mentors,
and peers, both within and outside the organization.
Key Learning’s

Industry Knowledge:
Understanding the dynamics, trends, and challenges of the industry.
Gaining insights into the specific market conditions and competition.

Practical Skills Development:

Acquiring hands-on experience in using industry-specific tools, software,
or equipment.Developing technical skills relevant to the role or industry.

Professional Communication:
Improving written and verbal communication skills in a professional
setting.Learning how to effectively communicate with team members,
supervisors, and clients.

Team Collaboration:
Working collaboratively with colleagues and understanding the
importance of teamwork.Developing interpersonal skills and learning to
navigate team dynamics.

Time Management:
Balancing multiple tasks and responsibilities efficiently.Meeting
deadlines and managing time effectively in a professional environment.

Problem-Solving:
Identifying challenges and developing solutions to address them.Gaining
experience in troubleshooting and finding practical solutions.