GST Skill Development Assignment

1. Prepare a GST Invoice under the GST Act.

2. Write the procedure for registration under GST.

3. Prepare a chart showing rates of GST.

GST Rate Goods Services
0% Exempted (Refer Q. No. 5) Exempted (Refer Q. No. 5)
5% Natural, unprocessed - Edible Oil, Natural gemstones, Railways (AC), Cab
Natural Sugar, Spices, Tea, Coffee, aggregators
Coal, Life Saving Medicines, Cotton
12% Packaged goods – Pickles, Tomato Hotels with tariff Rs. 1,000 – Rs. 2,500,
sauce, Butter, Cheese, Mobile phones, Non-AC restaurants without liquor
readymade clothes
18% Consumer Goods – Computer, hair oil, Airlines (business class), telecom
soaps, toothpaste, LPG Stoves, cakes services, financial services, Hotel room
with tariff Rs. 2,500 – Rs. 7,500, AC
Restaurants with liquor
28% Consumer Durables – TV, Refrigerator, Hotel room tariff above Rs. 7,500,
AC, Washing Machine, Microwave, Soft Movie tickets above Rs. 100, 5-star
Drinks, Perfumes, Chocolates, chewing hotels, High-end motorcycles,
gum cigarettes
4. Compute taxable value and tax liability with imaginary figures under CGST, SGST and IGST.

5. List out the exempted goods & services under GST.

Exempted Goods
Live animals, Meat, Fish, Dairy produce – eggs,
Salt, Natural honey, Curd, Lassi, Milk, Paneer,
Live plants, flowers, vegetables, fruits, coffee
beans (not roasted), Rice, Maida, Wheat, Flour,
Groundnuts, Glass bangles, Cotton, Silk, Wool,
Exempted Services
Services by government/local authority, Postal
services, Services by RBI/SEBI/EPFO, Agricultural
services, Services provided to United Nations,
Services by Veterinary clinic, Services by
charitable entities, Educational services, Public
Services, Health care services