Project Report

On
‘’A Study on GST and It’s Implementation of Century Pulp and Paper
LTD’’
SUBMITTED TO THE SCHOOL OF MANAGEMENT

IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE DEGREE

OF

BACHELOR OF BUSINESS ADMINISTRATION(BBA)

Under the Supervison of

Dr. Anil Bahuguna

(Assistant Professor)

Graphic Era Hill University,Haldwani,(Nainital)

Uttarakhand(2021-2024)

Submitted to –
Submitted By-
Dr. Anil Bahuguna
Dheeraj Tiwari
(Assistant Professor)
5th Sem

2190029

PV-21900029

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 PREFACE

GST is known as the Goods and Services Tax. It is an indirect tax which has replaced many
indirect taxes in India such as the excise duty, VAT, services tax, etc. The Goods and
Service Tax Act was passed in the Parliament on 29th March 2017 and came into effect on
1st July 2017. In other words, Goods and Service Tax (GST) is levied on the supply of goods
and services. Goods and Services Tax Law in India is a comprehensive, multi-stage,
destination-based tax that is levied on every value addition.

Throughout my Internship I Observed about How it works in the organization. GST is a

single domestic indirect tax law for the entire country. The Goods and Services Tax (GST) is
a successor to VAT used in India on the supply of goods and services. GST is a digitalized
form of VAT where you can also track the goods & services.

Both VAT and GST have the same taxation slabs. It is a comprehensive, multistage,
destination-based tax: comprehensive because it has subsumed almost all the indirect taxes
except a few state taxes. Multi-staged as it is, the GST is imposed at every step in the
production process, but is meant to be refunded to all parties in the various stages of
production other than the final consumer and as a destination-based tax, it is collected from
point of consumption and not point of origin like previous taxes.

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 ACKNOWLEDGEMENT
We take this opportunity to express our gratitude to Graphic Era Hill University,Haldwani
for providing us the opportunity to get an exposure of their Esteemed organization.

I am sincerely thankful to the HR Department for coordinating our training and explicitly
express my thank to MR. VIJAY KAUL (CEO) ,MR.A.P PANDEY(head HR&IR) and Mr.
Rajeev sir (deputy manager HDR) continuous help and guidance during the training period.

I express my sincere gratitude to Dr. Anil Bahuguna (Assistant Professor) for their inspiring
guidance and Timely Suggestions.

I also express my gratitude to parents and all my family members and friends who directly or
indirectly provide me their moral support.

Dheeraj Tiwari

BBA 5 Sem

Graphic Era Hill University,Haldwani

3
 EXECUTIVE SUMMARY
This report deals with The goods and services tax (GST) is a value-added tax (VAT) levied
on most goods and services sold for domestic consumption. The GST is paid by consumers,
but it is remitted to the government by the businesses selling the goods and services. Critics
point out, however, that the GST may disproportionately burden people whose self-reported
income are in the lowest and middle income brackets, making it a regressive tax. It is an
indirect tax which has replaced many indirect taxes in India such as the excise duty, VAT,
services tax, etc. The Goods and Service Tax Act was passed in the Parliament on 29th
March 2017 and came into effect on 1st July 2017.

In other words, Goods and Services(GST) is levied on the supply of goods and services.
Goods and Services Tax Law in India is a comprehensive, multi-stage, destination-based
tax that is levied on every value addition. GST is a single domestic indirect tax law for the
entire country. The tax would accrue to the taxing authority which has jurisdiction over the
place of consumption which is also termed as place of supply. Introduction of GST would be
a very significant step in the field of indirect tax reforms in India.

By amalgamating a large number of Central and State taxes into a single tax and allowing
set-off of prior-stage taxes, it would mitigate the ill effects of cascading and pave the way for
a common national market. For the consumers, the biggest gain would be in terms of a
reduction in the overall tax burden on goods, which is currently estimated at 25%-30%.The
Chapters of the report contains detailed discussion about GST and it’s Implementation.

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 CERTIFICATE OF SUPERVISOR (GUIDE)

Certified that the work incorporated in this BBA-(FINANCE)-Project Report titled A “Study
on GST and It’s Implementation of Century pulp and paper LTD’’ submitted by Dheeraj
Tiwari is his original work and is satisfactorily completed under my supervision. Material
obtained from other sources has been duly acknowledged in the Project Report.

Date-

Signature Of Guide-

5
 DECLARATION BY STUDENT

This is to declare that I Dheeraj Tiwari have carried out this project work “A Study on
GST and It’s Implementation of Century pulp and paper LTD” myself for BBA
Program of Graphic Era Hill University, Haldwani.

The work is original, has not been copied from anywhere else and it has not been submitted
to any other University /Institute for an award of any degree/diploma.

Place- Haldwani

Dheeraj Tiwari

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7
 STUDENT AND SUPERVISOR INTERACTION CERTIFICATE
The certificate verifies that student has visited the supervisor and the correction indicated in
the report are modified and verified by the student through supervisor. The details of visit,
remarks and modification are mentioned below.
[Link] DISCUSSION TOPIC MODIFICATION SIGNATURE WITH
SUPERVISOR DATE

1.

2.

4.

5.

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 Table of content
Content
Preface 2
Acknowledgement 3
Executive Summary 4
Declaration by the supervisor 5
Declaration by the student 6
Certificate from the organization 7
Student supervisor interaction certificate 8
Chapter – 1 Introduction 10-26
1.1 About the Organization 24-26
Chapter – 2 Review of Literature 27-30
Chapter – 3 Research Methodology 31-33
3.1 Statement of problem 31
3.2 Objectives of study 31
3.3 Scope of study 31
3.4 Limitation of study 31
 Research design 32
 Sources of Data 32
 Sampling design 33
 Data Collection Technique 33
Chapter – 4 Data Analysis and discussion 34-38
Chapter – 5 Findings, Suggestion and Conclusion 39-41
5.1 Findings 39
5.2 Conclusion 40
5.3 Suggestion 41
Bibliography 42
Website 43
Annexure 44-45

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 Chapter – 1
Introduction
Goods And Services Tax (GST)
The Good and Services Tax (GST), implemented on July 1, 2017, is regarded as a major taxation reform till
date implemented in India since independence. The primary objective behind development of GST is to
subsume all sorts of indirect taxes in India like Central Excise Tax, VAT/Sales Tax, Service tax, and
implement one taxation system in India.

OBJECTIVE OF GST

 To Develop National Market. One Nation, One Tax

 To reduce multiplicity of indirect taxes.
 To Eliminates classification dispute between Good & Services
 To remove barriers in inter-State movement of goods
 To ease the administrative control.
 Uniformity of tax rates and automated compliances.
 Ensuring availability of input tax credit across the value chain
 Simplification of registration, filing of return, tax administration and compliance.
 Minimizing tax rate slabs to avoid classification's issues
 Prevention of unhealthy competition among states.
 Free movement of Goods across the country without any additional tax.

ADVANTAGE’S OF GST

 Composition scheme for small business

 Simple and easy online procedure
 The member of compliance is lesser
 Defined treatment of E-commerce operations
 Improved efficiency of logistics
 Tax rate are based on HSN all over India.

DISADVANTAGES OF GST

 Increased Costs due to software purchase

 GST will means an increase in operational costs
 GST came into effect in the middle of the financial year
 GST is an online taxation system.

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TYPES OF GST

There are four different types of GST as listed below:

 The Central Goods and Services Tax (CGST)

 The State Goods and Services Tax (SGST)
 The Union Territory Goods and Services Tax (UTGST)
 The Integrated Goods and Services Tax (IGST)

CENTRAL TAXES SUBSUMED IN GST

 Central Excise Tax

 Service Tax
 Additional Custom duty, commonly known as Countervailing Tax(CVD)

STATE TAXES SUBSUMED IN GST

 Vat/Sales Tax
 Luxury Tax
 Purchase Tax Entry
 Tax/Octroi
 Central Sales Tax

TAXES NOT SUBSUMED IN GST

 Custom duty
 Stamp duty
 Securities transaction Tax
 Central Excise on Petroleum products, Tobacco
 VAT on Petroleum Product and Alcohol

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Who require GST Registration

According to the Goods and Services Tax Act, 2017, any business with a turnover of Rs. 40 lakh and above
must register for GST. For north-eastern and hill states, the turnover threshold for GST registration is Rs. 10
Lakh for services.

Important Document Require for GST Registration

 Owner's PAN Card

 Owner's Aadhaar Card
 Owner's Photograph Proof of Address
 Bank Account Details
 GST Documents For Partnerships And LLPs
 Partnership deed.
 PAN cards of partners involved.
 Photographs of partners involved.
 Address proof of partners involved.
 Aadhar card of any authorized Signatory.
 Signatory’s proof of registration.
 LLP proof of registration
 Bank details

GST Registration Document For Hindu Undivided Families(HUF)

 PAN Card of the Business or Applicant.

 Identity and Address Proof of Promoters.
 Address Proof for Place of Business.
 Bank Account Proof.
 Photos of Stakeholder.
 Digital Signature Certificate.

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GST Registration Document For Companies

 Company PAN card.

 The Ministry of Corporate Affairs incorporation certificate.
 Memorandum/ Articles of Association.
 Signatory's appointment proof.
 Signatory's PAN card.
 Signatory's Aadhaar card.
 PAN card of all directors.
 Address proof of all directors.

GST Registration Document For Society Or Club

 Pan Card of society/Trust/Club

 Registration Certificate of society or club
 Passport size Photograph and PAN Card of Promoter/ Partners
 PAN card and Aadhaar card of the authorized signatory..
 Board Resolution or any other proof of appointing authorized signatory
 Registered Office Address proof- -Self-owned property - Copy of electricity bill, landline bill. water
bill, municipal khata copy, property tax receipt -Rented property Rent agreement and No objection
certificate (NOC) from the owner of the rented property.
 Bank account details- a copy of the cancelled cheque, the front page of passbook or bank statement.

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 Impact Of GST in Various Sectors

1. Impact of GST on Retailers, Distributor, and Manufacturing Sector

Goods & Services Tax has boosted performance and competitiveness in India's retailers, distributors and
manufacturing sectors. Declining exports and high expenses are only a portion of the worries of this sector.
Various Indirect Taxes in place earlier increased expenses for distributors and manufacturers. With Goods &
Services Tax system set up, the troubles of the older indirect tax system has vanished and this sector will
develop much better.

2. Impact of GST on Agricultural Sector

The impact of GST on the agricultural sector or the effect of GST on agriculture is positive. The agricultural
sector is a significant sector to the overall Indian Gross Domestic Product. It covers around 16% of the
Indian Gross Domestic Product.

The introduction of the Goods & Services Tax has affected different sectors of society. One of the
significant issues looked at by the agricultural sector is the transportation of agricultural items across states
all over India.

Transportation may be the most likely issue for the agricultural sector with regard to Goods & Services Tax.
Goods & Services Tax may help India in forming its first National Market for agricultural items.

3. Impact of GST on Textile Sector

GST has shown a positive effect upon readymade and textile pieces of garments, as one of the GST benefit
sectors. This new system is beneficial to them. Some of the advantages which GST gave to the textile sector
are:

1. The Input Tax Credit or ITC framework or chain.

2. Input Tax Credit or ITC is currently available on the capital goods.
3. The cost for the transporting is currently lower in contrast with the past tax system.

4. Impact of GST on the IT Sector

Although the Goods & Services Tax rate for services has increased to 18%, compared with the older system
the Information Technology Sector is one of the GST benefit sectors. Different factors like the accessibility
of Input Tax Credit or ITC will cut down the operating expenses and, consequently, expand the Information
Technology sector's general productivity.

The main areas of the GST impact on IT sector are below:

1. The simpler Tax Rate Administration

2. Removal of Cascading(double tax) Effect of Taxes
3. Business Restructuring
4. E-commerce
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5. Impact of GST on Banking Sector

With the introduction of GST, the banking sector has turned out to be more costly. Before,
the tax rate of the services for the banking sector was 15%. However, after the
implementation of GST, the tax rate has been increased on all the banking areas to
18%. These are a few effects of GST on the banking sector:

1. Each separate part of Banks should have separate registration

2. Place of supply identification
3. Reliance upon CGST and SGST
4. The transactions between banks aren't free
5. Input Tax Credit or ITC in GST

6. Impact of GST on Hotel and Tourism

Income generated from the tourism and hotel industry forms an important part of the Indian economy. They
help in expanding the GDP of India. This is the reason each State Government continues advancing the
travel industry of their state by different schemes. The rate of GST varies for the inns as a result of the
tariffs.

Goods & Services Tax rates for hotels are dependent on room tariff with impact from 1st October 2019.

1. If the tariffs range below Rs. 1,000, then there will be no GST.
2. If the tariff ranges between Rs. 1,000 to Rs. 7,500, then 12% GST will be levied.
3. If the tariff is more than Rs. 7,500, then 18% GST will be levied.

GST brought a single tax rate compared to the multiple taxes under the previous system. This has made it
easier for the industry and provides clarity to customer as well. So say that the hotel and tourism industry is
one of the sectors to benefit from GST

7. Impact of GST on the Entertainment Industry

The entertainment industry is one of the GST benefit sectors. Before the implementation of GST, the
entertainment sector had many taxes. They are not restricted to one tax or duty. They included the state tax,
central tax and tax by the local authorities. However, when GST came into motion, they moved into just one
tax.

GST was running between 18% to 28%. The tax rate depended upon the sort of Entertainment services
provided.

Things inside the 18% GST:

1. Movie Tickets
2. Television and DTH services
3. Theatre
4. Circus
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Things inside the 28% GST:

1. Sporting event
2. Racing
3. Movie events and festivals
4. Amusement parks
5. Casinos

8. Impact of GST on Automobile Sector

Following Goods & Services Tax implementation, a wide range of taxes like Excise Duties, VAT, Sales
Tax, and Road Tax cleared a path for a unified Goods & Services Tax. This brought an increase in
automobile deals. Numerous huge automobile brands experienced record growth in the year 2018 and 2019.
Customers believed it to be the ideal chance to buy vehicles. Thus, the automobile is another of the GST
benefit sectors.

9. Impact of GST on Export-Import Sector

Before implementing the GST, Import and Export were administered by the Customs Duty, Excise Duty,
Value Added Tax, and Service Tax. All these taxes were put together as one at the point when GST was
presented. Yet, the BCD or Basic Customs Duty keeps on eating away at the import bills. IGST includes all
the taxes which were administering the imports of goods and services before the Goods & Services Tax.
Those taxes were:

1. CVD or Countervailing Duty

2. SAD or Special Additional Duty

At the point when IGST was applied, then:

1. The exports became zero-rated as per section 16 of the Integrated Goods and Services Tax Act or
IGST Act, 2017.
2. The State Government and the Central Government share the duty.

10. Impact of GST on the Education Sector

Whenever there is a conversation over the development and growth of a country, the main thing thought
about is the strength of that country's education sector. The education sector is one of the GST benefit
sectors. The education of people has a significant part in the strength of a nation.

The government has therefore tried to keep education-related institutions excluded from the duties or taxes,
in the new Goods & Services Tax system. These include the services given by any educational association to
its staff, faculty and students.

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11. Impact of GST on Real Estate

This sector has seen a good growth in recent years and has been a vast business area. It is an industry that is
generally reliant on tax rates. Goods & Services Tax on real estate has brought more productive activities,
and numerous new brands have come up. Subsequently, these brands have been able to help the economy of
the nation enormously. Therefore this too, has been one of the sectors to benefit from GST.

12. Impact of GST on Energy Sector

The energy sector is one of the essential enterprises in any economy since power is critical for each business
activity. However leaving this sector being outside the scope of Goods & Services Tax will affect the
remaining economy. It disallows a sector of the benefits hoped to be accomplished by the introduction of
Goods & Services Tax.

Eventually, the Goods & Services Tax impact is likely going to be levelled out by falling costs. We needn't
waste time with the assistance of lowering taxes to enable economic growth. Therefore currently the energy
sector isn’t one of the sectors to benefit from GST.

13. Impact of GST on Iron and Steel

Three sorts of taxes were applied on the manufacturing of iron & steel. Those duties were: -

1. 2% CST or Central Sales Tax

2. 5% VAT or Value Added Tax
3. 12.5% Excise Duty

When we see, there is an aggregate of 19.5% net duty that is forced upon iron & steel in the older system.
Under GST most of the items manufactured fall in the 12% and 18% category, while a few items fall under
the 28% category. So we can see that the iron and steel industry is one of the sectors to benefit from GST.

14. Impact of GST on Service Sector

It is no news that the introduction of the GST will represent some significant benefits and a couple of
weaknesses to the service sector. Many service sectors had a lot of changes as they adjusted to the
presentation of this new tax system. We can be sure that a considerable lot of them are glad given the
changes. You can believe that this new tax collection framework will likewise influence individuals all in all
and not just businesses. All things considered, there has been a positive GST impact on the service sector .

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GST Registration process

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 Salient Features OF GST
 Single Indirect tax
GST is a single, unified tax, meaning you don’t have to pay a myriad of other taxes anymore, such as value-
added tax, excise duty, service tax, and others. This unification has made tax compliance easier for
businesses as well as reduced the cost of several goods and services.

The GST system applies a single tax rate to goods and services based on their classification under the
Harmonized System of Nomenclature (HSN). The GST rates vary depending on the nature of the goods or
services and can range from 0% to 28%.

 Registration exemptions for small businesses

Every business with a total turnover exceeding Rs.40 lakhs in a financial year is mandated to register under
GST. For special category states and the state of Telengana, the limit is Rs 20 lakhs. For service providers
under GST, the threshold limits are Rs.20 lakh and Rs.10 lakh for normal category and special category
states, respectively. Small businesses that do not exceed the threshold limits do not need to register under
GST and collect and pay taxes.

You can refer to this article to understand the individual GST registration threshold limits for every state and
Union Territory.

 Four-Tier Tax Structure

The tax structure under GST is divided into four rates:

 5% — Essential goods, such as food items and life-saving drugs

 12% — Goods such as certain apparel items, packaged food, nuts, medicines, etc.
 18% — Goods such as electronic items, consumer durables, and most services
 28% — Luxury and sin goods such as cars, tobacco, and aerated drinks

In addition to these four tax rates, there is also a Nil rate imposed on several essential goods, such as food
grains, as well as special tax rates of 0.25% and 3% imposed on certain luxury goods like precious stones
and jewellery. There are also special rates for taxpayers under the composition scheme.

The four-tier rate structure intends to bring uniformity in taxation across the country while reducing the
cascading effect of taxes and promoting the ease of doing business. However, some experts believe the
multiple tax rates complicate compliance and add to business costs.

 GST Composition Scheme

The GST composition scheme allows eligible businesses to pay GST at a lower rate on their taxable
turnover. It also reduces the number of compliances a business needs to adhere to.

Manufacturers that have a turnover of up to Rs 1.5 crore are allowed to opt into the composition scheme. In
North-Eastern states and Himachal Pradesh, this limit is Rs.75 lakhs. There is also a special composition
scheme for service providers with a turnover of up to Rs.50 lakh. However, a business paying tax under the
composition scheme cannot claim the input tax credit, as explained in the next pointer.

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 Input Tax Credit System
Input Tax Credit (ITC) is the credit a registered GST taxpayer can claim for the GST paid on inputs (i.e.,
raw materials, capital goods, and services) that are used in producing or supplying goods and services.

Under the GST system, the tax is levied at each stage of the supply chain, from the manufacturer to the
retailer, and is ultimately borne by the final consumer. The tax paid at each stage can be claimed as an input
tax credit (ITC) in the subsequent stage, except for businesses that opt for the composition scheme.

For example, a manufacturer, Mr.X, pays Rs.5,000 as GST on procuring parts to manufacture a car, say, on
tyres. He can claim this Rs.5,000 as input tax credit at the time of paying GST on the sale of the final
product, which is the car. Assume his GST liability on the sale of the car is Rs.36,000. By setting off input
tax credit of Rs.5,000, he will need to pay only Rs.31,000 to the government. Hence, the claiming of input
tax credit prevents the cascading effect of taxes that was faced under the erstwhile tax regimes.

 Invoice Matching
The GST system checks whether the details of the invoices filed by the supplier match those of the invoices
filed by the recipient. For example, the supplier files their GSTR-1 return, which is the return of outward
supplies. These details appear in the recipient’s GSTR-2B statement, which contains details of their
purchases made and input tax credit available, and is used as reference when filing the GSTR-3B.

Hence, when the recipient files their summary return and pays their taxes in Form GSTR-3B, the ITC details
submitted by the recipient are system-checked with the details submitted by the supplier. If the details
match, it is assumed the data has been correctly reported by both the supplier and the recipient.

However, if there are any discrepancies or differences in the details, the system flags them, and the GST
portal sends out automated reminders to the concerned taxpayer. The mismatches are then rectified by the
parties involved in the transaction, failing which the ITC may be disallowed.

 Consumption-Based Tax
GST is a destination-based consumption tax. The GST collected on goods and services is not received by
the manufacturer’s state but by the state where the supplies are consumed. And although GST is charged at
every stage, whenever value is added to the goods or services, the supplier of the goods or services offsets
this GST by claiming input tax credit of the GST paid on previous stages. Ultimately, the final dealer passes
on the GST to the final consumer of the goods or services.

It helps to reduce the burden of tax evasion since the tax is collected at each stage of the supply chain and
reconciled through the GST return filing process.

 Anti-Profiteering Measures
Under the GST system, businesses must pass on the benefit of lower tax rates or ITC to consumers by
reducing the prices of their goods or services. The GST law comprises anti-profiteering measures that
include a framework to identify whether the benefits have been passed on to consumers.

 Competitive Advantage

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 The removal of the cascading effect and the introduction of ITC has helped Indian businesses reduce their
cost of compliance and the cost of production. This has given Indian businesses a competitive advantage in
the international market, making them more attractive to foreign buyers and investors.

 Digital compliance and payments

GST compliance is almost completely digital. From registration to return filings to payments, taxpayers can
undertake them online on the common GST portal. Taxpayers can pay GST online via internet banking,
National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), and debit or credit cards.
Even applications for refunds can be made online. In cases where discrepancies are detected, there are
automated notices sent to taxpayers with a provision to respond and rectify the same.

How GST is Calculated

With the unified system of taxation, it is now possible for taxpayers to know the tax levied at different points
for various goods and services under the GST regimen. For calculating GST, the taxpayer should know the
GST rate applicable to various categories. The different slabs for GST are 5%, 12%, 18% and 28%.

GST calculation can be explained by a simple illustration :

If a goods or services is sold at Rs. 1,000 and the GST rate applicable is 18%, then the net price calculated
will be = 1,000+ (1,000X(18/100)) = 1,000+180 = Rs. 1,180.

GST Calculation Formula

For calculating GST, a taxpayer can use the below mentioned formula :

In order to add GST to base amount,

Add GST
GST Amount = ( Original Cost * GST% ) / 100
Net Price = Original Cost + GST AmountIn order to remove GST from base amount,

Remove GST
GST Amount = Original Cost – (Original Cost * (100 / (100 + GST% ) ) )
Net Price = Original Cost – GST Amount

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How to Use our GST Calculation Tool

We, at Paisabazaar offer taxpayers a dedicated and professional GST Calculator tool that helps in easy
calculation of GST. Taxpayers who want to calculate GST with the differential GST rate can use our tool.

Mentioned below are steps to be followed for calculating GST through GST Calculation Tool:

Step 1: Select GST Inclusive/GST Exclusive as per the requirement

Step 2: Enter the original amount

Step 3: Select the GST rate from the drop-down menu list

Step 4: Click on Calculate to check the result. The result will show the total GST amount and Pre-GST/Post-
GST amount as per your original requirement.

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23
 About Century Pulp And Paper
Companies that use wood as a raw material to manufacture pulp, paper, paperboard, and
other cellulose-based goods make up the pulp and paper sector. The pulp is put into a paper
machine which forms it into a paper Web and removes the water by pressing However, as
public awareness and restrictions on tree cutting have grown, the attention has switched to
waste paper and agricultural residue. Wood fibres are used to make paper, flax, cotton
linters, and bagasse (sugar cane wastes) are also utilised. Used paper is recycled as well, and
after being purified and sometimes deinked, it is frequently merged with virgin fibres and
transformed into paper. Products derived from cellulose, such as cellulose acetate, rayon, and
cellulose.

Pulp and Paper Industry In India

Paper production in India includes several types which are regularly and largely used in
printing and packaging, writing, and a few specialty papers. Paper for printing and writing
come as copier paper, super printing paper, bond paper, creame wove paper, map litho paper
(surface size and non-surface), coating base paper and others. Paper for packaging includes
boards, Kraft paper, posters and others. Other varieties are chromo paper/board, art
paper/board and others. In India there are approximately 600 paper mills among which
twelve are major players and also world renowned.

In India of total paper production 40% is from hardwood and bamboo fiber 30% is from agro
waste other 30% from recycled material. Paper used for publications and Newsprint counts
to 2 million tonnes. 1.2 million tonnes of newsprint are manufactured and the remaining is
imported from other producers. It means that, about 40% of newsprint is brought in from
outside the country.

Coming to pulp imports, India imports around 2 million tonne pulp wood (both soft and
hard) and waste paper (sack waste for envelopes waste, unbleached grades, magazine waste
and cup stock for white grades) for newsprint.

The paper industry in India can be made more competitive by improving key sea ports,
airways, road, railways and communication facilities. Plantations have to be raised by
whatever means like industry, cooperative farmers and state governments to support wood
based paper industry. For this the forest policy has to be accordingly revised. Degraded
forest lands can be used to raise wood pulp plantations. Custom Duties on waste paper
imports might be reduced, new & second hand machinery/equipment imports should be
allowed duty free for a simpler and affordable technology up gradation.

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 Company Profile

Century Textile and Industries Ltd. owns Century Pulp & Paper and is a member of B.K
Birla group of companies. The chairman of Century Pulp and Paper is Mr. Kumar Mangalam
Birla. The chief executive officer (CEO) of the company is [Link] Kaul. Century Pulp &
Paper is located in Lalkuan, Uttarakhand, amid the Himalayan foothills. It began operations
in 1984 with a capacity of 20,000 TPA for both writing and printing papers and Rayon Grade
Pulp. With a capacity of 1450 MT per day, it is India's biggest producer of paper, board,
tissue, and pulp operating from a single location. It has been a prominent player in this
industry's home and international markets.

The firm includes service centre’s and sales offices all around the country, As Well as
international agents. The enterprise is credited with being the first to bring industrialization
to Lalkuan, a small city in the Nainital District. Since then, the township has been dubbed
"Ghanshyamdham," after the great thinker and backbone of Indian industry. Spread over in
an area of about 400 acres of land, the company provides employment to an approx. of 3000
people.

MISSION STATEMENT

"We will continuously strive to implement the critical initiatives required to achieve our
vision. In doing this, we will deliver operational excellence through relentless focus on
ensuring Environmental compliance, consistently innovating to provide, customer delight.
We strive to reflect the highest ethical standards in our relationships with our customers,
dealers & distributors, vendors, employees and shareholders.

VISION STATEMENT

Century's vision for the future is to stay committed towards the manufacturing of quality
products that meet international standards. This must be achieved by meeting cost objectives
without sacrificing the needs of different stakeholders.

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Global Presence

CORE VALUES

 Integrity - Business is to be conducted fairly, with honesty & transparency following

the highest standards of professionalism in doing so.
 Speed of Actions - The business shall operate with sense of ownership and urgency to
deliver the commitments to both internal as well as external stakeholders.
 Team Work Working cooperatively, providing support to one another respecting
another's views and building strong relationships are highly encouraged.

• Openness & Trust - Being open, trustworthy & honest in all dealings and showing respect,
humanity and compassion for colleagues and customers.
Passion Value commitment, ensure best customer service.

List Of departments

 Purchase
 Store
 Raw Material
 Mechanical Engineering
 Civil Engineering
 Electrical Engineering
 Instrumentation
 Fire & Safety
 Water Treatment Plant
 Recovery Process
 Human Resource
 Sales
 Administration

26
 Chapter – 2

Literature Review

According to Milandeep Kour, Kajal Chaudhary, Surjan Singh, Baljinder

Kaur(2016), This Paper tells about what will be the impact of GST after its implementation,

difference between present Indirect Taxes and GST and what will be the benefits and challenges

of GST after implementation. we pay various taxes i.e. Direct and Indirect taxes, which are felt

as burden on us and due to these taxes the corruption is increasing. So, to overcome from all

these taxation system the Central Government has decided to make one tax system i.e. Goods

and Services Tax (GST). GST is one of the most critical tax reforms in India which has been

long awaiting decision. It is a comprehensive tax system that will subsume all indirect taxes of

State and central Governments and whole economy into seamless nation in national market. It is

expected to remove the burden of existing indirect tax system and play an important role in

growth of India. GST includes all Indirect Taxes which will help in growth of economy and

proves to be more beneficial than the existing tax system.

According to Monika Sehrawat , Upasana Dhanda(2015) , The paper is more

focused on advantages of GST and challenges faced by India in execution. GST is one of the

most crucial tax reforms in India which has been long pending. It was supposed to be

implemented from April 2010, but due to political issues and conflicting interests of various

stakeholders it is still pending. It is a comprehensive tax system that will subsume all indirect

taxes of states and central governments and unified economy into a seamless national market.

This paper presents an overview of GST concept,explains its features along with its timeline of

implementation in India.

According to [Link], [Link](2017), This Paper Tells

about Goods and service is very comprehensive tax structure when implemented at the national

level . It is one of the significant step towards the development of the country. It is one of the
27
biggest tax revolution which is all set to integrate the state and national economy to boost the

overall growth of the country. Presently companies and businesses pay multiple taxes which

increases the cost of product and also hampers the profit level of the company. Multiple tax and

complex taxation system is one of the biggest hurdle for economic growth of the country. Once

the GST system is applied their would be single tax system which would record a significant

development in comprehensive indirect taxation reform. Under the GST system their would be

only on rate applicable for both goods and services.

According To Poonam,(2017) in her study , she had cleared that GST would be a very

important step in the field of indirect taxation. The cascading and double taxation effects can be

reduced by combing central and state taxes. Consumer’s tax burden will approximately reduce to

25% to 30% when GST is introduced. After introduction of GST concept, Indian manufactured

products would became more and more competitive in the domestic and international markets.

This taxation system would instantly encourage economic [Link] with its transparent

features will prove easier to administer .In this paper the author has tried to attempt to spot the

concept of GST & its current status in India. Paper has tried to give information about GST

system. The study also aims to be familiar with the advantages and challenges of GST in Indian

scenario.

According TO Shefali Dani(2017) , has proposed that GST regime is a halfhearted

attempt to rationalize indirect tax structure. Approximately more than 150 countries have

implemented GST concept. As per researcher government of India must study the GST regime

set up by various countries and also their fallouts before implementing gst. IT is the need of hour

that, the government must make an attempt to insulate the vast poor population of India, against

the inflation due to implementation of GST. There is no doubt, GST will simplify its existing

indirect tax system and will have to help to remove inefficiencies created by the existing current

heterogeneous tax system, only if there is a clear consensus over issues of threshold limit,

28
revenue rate, and inclusion of petroleum products, electricity, liquor and real estate.

According to [Link], M. Ayisha Millath(2016), This paper is designed to

provide an overview of the impact of GST when implemented, it features, GST in light of export,

suggestion on a strategy to be adopted for implementing GST and it's associated benefits when

implemented. The paper is made using exploratory research methodology using secondary data.

The study lends information that, GST is beneficial for most of the industrial sector reducing

overall cost of commodity to great extent, however GST is not favorable towards agricultural

sector, this is due to the fact that, as of now Indian government is not charging any tax on

agricultural goods for domestic consumption, wherein, when GST is implemented, tax will be

imposed on agricultural products also, this may lead to rising in the price of the agricultural

products, which is considered to be basic entity for the survival.

According to Lourdunathan F and Xavier P(2017), The paper highlights the

background, Prospectus and challenges in Implementation of Goods and services Tax (GST) in

India Various news organizations from all around the world focused on the bill unifying the

country and it being an achievement of the government. As the Goods and Services Tax Bill was

passed in the Rajya Sabha, it also brought India at the center of the global economy.

According to B. Anbuthambi and N. Chandrasekaran(2017), This Paper tells

about The implementation of GST bill and About the training . Government of India has passed

GST Bill in 2016. It would be implemented from the second quarter of the financial year 2017-

18. GST training must begin for personnel of the revenue department with Union and State

Governments. Then only its effective implementation is possible. It is likely that the way they

were administering the indirect tax regime would change.

29
According to (Kumar, 2014 ; Garg, 2014) has been done which are basically stranded

on understanding of concept of GST, and criticizing the existing taxation system in India. But

none of the study fund which are in the ground of the explanation and understanding of

mechanism of levy and collection of GST between centre and state. Hence this study has been

undertaken by the researcher to explore the answer of the following research question. What

would be the mechanism of levy and collection of GST between centre and state? What is the

rationality of implementing the GST in India? What is the opportunities and challenges of GST?

30
 Chapter - 3

Research Methodology

3.1 Statement of the Research Problem

Research is a logical and systematic search for new and useful information on a particular topic. Research
methodology is a systematic way to solve a problem. It is a science of studying how research is to be carried
out. Essentially, the procedures by which researchers go about their work of describing, explaining and
predicting phenomenon are called research methodology.

About my Research Problem:

The present research is exploratory in nature. Since GST is a new phenomenon in India, there are hardly any
studies in this area. Specially there is a huge gap of empirical and behavior studies on GST in India. The
study tries to find the significance of popular perception regarding GST.

Need of Study:

The Need of study have to fill the gap that has identified in the previous researchers. Under this study We
know that how much level of understanding the GST, Implementation and Perception towards GST as well
as traders, taxpayers concerned by GST.

Scope of the Study:

This study is conducted to find out the views of consumers and to know about their expenditure pattern and
the variation.
The respondents selected are of mixed group which will give wider difference in understanding.
The scope of the study is limited only to the concerned area of study which cannot be justified for any other
place.

Objectives of Study:

 To Analysis customers perception regarding Goods and Service Tax (GST).

 To Asses Customers view regarding important of GST and it’s Implementation.
 To find out the perception and their views on new implemented taxation system.

Limitation Of Study:

 Lack of Awareness or Knowledge about GST rates.

 Small Sample Size
 This study is just limited to the people of century pulp and paper ltd.
 The data collected relies on individuals experiences.

31
 Research Design:

A good research design has characteristics via, problem definition, time required for research project and
estimate of expenses to be incurred the function of research design is to ensure that the required data are
collected and they are collected accurately and economically. A research design is purely and simply the
framework for a study that guide the collection and analysis data. In this project Descriptive type of research
design is used.

Descriptive Research:

It is the design that one simply describe something such as demographic characteristics of people. The
descriptive study is typically concerned with determining frequency with which something occurs or how
two variables vary together. A descriptive study requires a clear specification of who, what, when and why
apex of the research. It requires formulation of more specific hypothesis and the testing these through
statically inference technique.

Developing a Research Plan :-

The present research is exploratory in nature. Since GST is a new phenomenon in India, there are hardly any
studies in this area. Specially there is a huge gap of empirical and behavior studies on GST in India. The
study tries to find the significance of popular perception regarding GST.

The data for this research project has been collected through self Administration. Due to time limitation and
other constraints direct personal interview study method is used. A structured questionnaire was farmed as it
consumes less time duration and is very important from the point of view of information, easier to tabulate
and interpret. More ever respondents prefer to give direct answer.

Population :- Population means the whole universe of study in which the researcher does his study/
research and the population for my research is people of Century pulp and Paper ltd.

Universe of Study :- For the present study purpose about the Perception of new implemented system of
Goods and Service Tax.

Sample Design:
The complete study of all items in the population is known as a census inquiry. Sample is a group of
few items which represents the universe from where it is taken.

Sampling Size:
The sample size of the study was 60. The responses were captured from respondents on a 5 point Likert
scale.

Sampling Method:
The sampling method was Judgment Sampling (only those respondents were chosen who had some
knowledge about GST)

Sample Unit:
The Data Is been Collected From the People of Accounts Department of Century Pulp And Paper LTD.

32
 Data Collection

Data collection is the process to gather information about the relevant topic research, which is be Data
Collection usually takes place early in an improvement project, and is often formalized through data
collection plan which often contains the following activity:

Pre collection activity on goals, target data, definitions and methods.

Collection of Data.

Presenting findings involving some form of sorting analysis.

For accomplishing the the objective of study, both Primary and Secondary data have been used. Data
Collection through the Primary Data as well as Secondary Data Sources.
Classification of Data:

The correct information is the key to success. Data information is of two types; Primary Data and Secondary
Data. Primary data is information collected by researcher or person himself where is secondary data is
collected by other but utilized or used by researcher. Data can be classified under two categories depending
upon source utilized. These categories are:

PRIMARY DATA
SECONDARY DATA

[Link] Data –

This Study is based On primary Data which has been collected through Questionnaire Method.

[Link] Data-

This type of data has already been collected by someone else and has already passed through statistical
process. This type of data has been collected from the following resources:

Sources of Collection of Secondary Data

Internet
Magazines
Books
Journal

33
 Chapter – 4

Data Analysis and Discussion

1. Age Of Respondents

Age of Respondents
2% 3.8%
Below 18 years
11% 18-25
26-35
17% 36-50
above 50 years

66%

Interpretation :

The above chart shows the age status of respondents, 3.8% respondents are below the age of 18. 66% of the
respondents are between the age of 18 to 25 followed by 17% of the respondent are under the age (26 to 35),
11.3% of the respondent are under the age (36 to 50) & 1.9% of the respondents are above the age of 50.
Maximum respondents or almost 2/3 of the respondents are between the age of 18 to 25 years.

2. Do you think all business need to be registered under GST?

32.10%

Yes
no

67.90%

Interpretation :

The above pie chart shows that 67.90% Workers agreed that Every Business should register under GST and
other 32.10% Doesn’t Agreed.
34
3. GST a Direct Tax or Indirect Tax?

GST

40.40%
DIRECT TAX
INDIRECT TAX

59.60%

Interpretation :

The response show that even after so many years of implementation of GST, still most of the people does
not know whether the GST is a direct tax or indirect tax.

4. What is the Rate of GST in Luxury Items?

33%

10%
16%
28%
60%

7%

Interpretation:

The Above Chart Shows that only 60% of Total Respondents know the correct GST rate of Luxury items.

35
5 . What is the GST rate on E-Vehicle?

30% 7%

0%
5%
18%
45% 28%

18%

Interpretation:

The above chart shows that only 45% of respondents know the current GST rate charged on E-Vehicle.

6 . How Much GST is Charged on Cabs aggregator i.e (Ola,uber etc) and
Food Aggregator like (Zomato etc)?

10.00%
9.00% 30.80%

0%
5%
12%
18%

50.20%

Interpretation:

The above chart shows that only 50.20% of total respondents are aware of the current GST rate charged on
cab and food aggregator.

36
7. GST will affecting Small Business very badly.

9.00%
14.40%
14.30%

Agree
Strongle agree
Neutral
Disagree
35.60% Strongle Disagree
26.70%

Interpretation:

The above chart shows that the maximum no. of respondents i.e, 26.70% were neutral and 14.40%
respondents are agreed and 35.60% are strongly agreed but 14.30% are disagreed and 9% are strongly
disagreed.

8. GST is Effective to increase the consumer spending ability.

12.50%
12.50%
40.20%

Agree
Strongle agree
Neutral
Disagree
Strongle disagree
25.00% 9.80%

Interpretation:

The above chart shows that maximum respondent i.e 25% gives the neutral response to statement that GST
is effective to increase the consumer spending ability and respondents i.e 40.20% of the total respondent are
agreed and 12.50% disagreed with this and 9.80% respondent are strongly agreed and 12.50% respondents
are strongly disagreed with the statement.

9. Which was The First State in India to pass the GST bill?
37
 25% 23%

Tamil Nadu
7% Gujarat
Assam
Madhya Pradesh

45%

Interpretation:

The above chart shows that about 25% of respondents goes with Madhya Pradesh, 23% of respondents goes
with Tamil nadu while 7% goes for Gujarat and 45% Respondents with Assam.

10. Who is the head of GST Council?

20%
5%

Shashi Kant Das

Amit Mishra
45% Arun Jaitley
Hasmukh Adhia

30%

Interpretation:

From the chart , 20% of respondents choosen Shashi kant das , 5% choosen Hasmukh Adhia, 45% of
respondents have choosen Arun Jaitley and other 30% Have Choosen Amit Mishra.

38
 Chapter- 5

Findings,Suggestion and Conclusion

Findings

 Most of the People of Century Pulp and Paper workers Doesn’t aware of GST
Implementation and Tax Rates.

 From the research Most of the people Are agreed that Businesses should get register
under GST.

 Most of the people or about 40.20% agree , 9.80% strongly agreed that GST to
increase consumer spending abilty and 25% people gives the neutral response and
other 12.50%,12.50% were disagree and strongly disagreed.

 35.60% people Strongly agreed that GST is affecting Businesses Very Badly.

 The Age of respondents are 18-25

 Most of the people (45%) Knows the Right GST charges on E-vehicles.

 49.1% Of people Knows the accurate GST rates Implemented on Clothes.

 Almost 60% of Peoples knows the right tax rate on Luxury products.

39
 Suggestion

 To Understand the mass there should be a Standard GST slab like Singapore.

 Re-Organization of Administrative Machinery for Implementation of GST.

 For Job work There Should be Well-Define Procedures.

 People Should get aware of GST and It’s Rates.

 Standardization of system and procedures.

 Taxpayer should get Adequate Trainings.

 Get Some Relief to the Small businesses in terms of GST rates.

40
 Conclusion

As been a Part of Century Pulp and Paper LTD. I got to know about Various Tax Slabs and
Working Of GST. It also make me Learn Various Areas in The department of Accounts.
Implementation of GST is one of the best decision taken by the Indian government. For the
same reason, July 1 was celebrated as Financial Independence day in India when all the
Members of Parliament attended the function in Parliament House. The transition to the GST
regime which is accepted by 159 countries would not be easy.
Confusions and complexities were expected and will happen. India, at some point, had to
comply with such regime. Though the structure might not be a perfect one but once in place,
such a tax structure will make India a better economy favorable for foreign investments.
Until now India was a union of 29 small tax economies and 7 union territories with different
levies unique to each state.

It is a much accepted and appreciated regime because it does away with multiple tax rates by
Centre and States. And if you are doing any kind of business then you should register for
GST as it is not only going to help Indian government but will help you also to track your
business weekly as in GST you have to make your business activity statement each week.
Our Study focuses to know about GST and it’s Implementation and aware people to get the
Knowledge of GST Rates.

41
 Bibliography

 Dilip. D., Vinoth, S., & Jayashree, T. (2018). GST: Consumers Awareness and
Adoption-A Study. International Journal of Scientific Research in Computer Science
Application and Management Studies, 7(5), 1-6.

 Nayyar, A., & Singh, I. (2018). A comprehensive analysis of Goods and Services Tax
(GST) in India. Indian Journal of Finance, 12(2), 57-71.

 Jain, D. K. (2018). An Analysis of Impact of GST on Trade and Commerce with

Special reference to Uttarakhand Journal of Emerging Technologies and Innovative
Research, 123-140

 Mishra, N. (2018). Impact of GST on Indian economy. International journal of basic

and applied research, 8(11), 385-389.

 Chitra, D. V. (2020). Impact of GST on spending behaviour of the consumers.

International Journal of Management, 10(4), 2019.

 Gunasekaran, N., Rajeshwari, M., & Ranjitha, S. A STUDY ON IMPACT OF

GOODS AND SERVICE TAX ON COMMON MAN. Edited Volume on-Theme 1:
Government Policies Since 2014.

 Kumar Nitin (2014) " GST in india: A way forward "Global Journal of Multi
disciplinary Studies, Vol 3 Issue 6 May 2014.

 Nishita Gupta (2014), "Goods and Services Tax: Its implementation on Indian
economy", CASIRJ Volume 5, Issue 3, [Link]. 126-133.

 Nitin Kumar (2014), "Goods and Service Tax in India-A Way Forward", Global
Journal of Multidisciplinary Studies, Vol 3, Issue6, May2014.

 Pinki, SupriyaKamna, Richaverma(2014)" Goods and Service Tax"-- Panacea For

Indirect Tax System in india," Tactful Management Research Journal", Vol12, issue
10July2014

 Rathod, M. (2017). An Overview of Goods and Service Tax (Gst) In India. Journal of
Commerce and Management, 1-6.

42
 Website

 [Link]

 [Link]

 [Link]

 [Link]

 [Link]

 [Link]
347910918_A_Study_on_Goods_and_Services_Tax_GST

 [Link]

43
 Annexure

1. Age of Respondents

o Below 18 years
o 18-25 years
o 26-35 years
o 36-50 years
o Above 50 years

2. Do you think all business need to be registered under GST?

o Yes
o No

3. GST a Direct Tax or Indirect Tax?

o Direct
o Indirect

4. What is the Rate of GST in Luxury Items?

o 10%
o 16%
o 28%

5. What is the GST rate on E-Vehicle?

o 0%
o 5%
o 18%
o 28%

6- GST will affecting Small Business very badly.

o Agree
o Strongly Agree
o Neutral
o Disagree
44
 o Strongly Disagree

7. GST is Effective to increase the consumer spending ability.

o Agree
o Strongly Agree
o Neutral
o Disagree
o Strongly Disagree

8. Which was The First State in India to pass the GST bill?

o Tamil Nadu
o Gujarat
o Assam
o Madhya Pradesh

9. Who is the head of GST Council?

o Shashi kant das

o Amit mishra
o Arun Jaitley
o Hashmukh Adhia

10. How Much GST is Charged on Cabs aggregator i.e (Ola,uber etc) and Food Aggregator like (Zomato
etc)?

o 0%
o 5%
o 12%
o 18%

45