Hence CGST and SGST or IGST should apply 7 In case of Input Inputs should

Hence cgst and sgst or igst should apply 7 in case of

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place of performance. Hence, CGST and SGST or IGST should apply 7. In case of Input:- - Inputs should attract GST and should be creditable - Apart from tax costs, introduction of GST should have an impact on the compliance / reporting requirements, documentation etc. requiring changes in the current IT systems / reports generate CONCLUSION 59
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I learnt a lot more than what I had expected to. All the credit goes to my Mentor Mr. Hari Nagrani and Mr. Aakash Thakral who has given all the possible inputs and suggestions to make my journey of internship successful and report error free and the employees who cooperated with me and were patient throughout to make things simpler for me to understand and comprehend. I got to learn about the new tax reform of our country and various core concepts which is input Credit, composite and mixed supply, time of supply, registration rules, various slab rates etc. I feel that the company is under very strong management and its complex organization structure is perfect for such a huge company. Every employee is aware of his role and does not interfere in other areas. I would like to conclude by saying that the two month that I spent at DIAL for my internship was truly an enlightening experience as I learned how things is handled in a company which is so reputed. The company employees who have shared their insightful knowledge have helped me further develop my skills. INTERNSHIP LEARNING 60
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As my core project is GST, so I learned about my project topic a lot but apart from that I also got an opportunity to learn various other things from organisation which we can say that are essential for anyone to work in organisation. The things like I learn about what kind of culture is to be follow in organisation, what are the values and beliefs which are follow in organisation. Apart from GST work I also got an opportunity to perform various other functions of Finance Department like firstly, I learned how to prepare Cash Flow in an organisation and I also learned the new format of Balance Sheet and now a days new accounting standards i.e. ind-as are to be followed instead of old accounting standards. Secondly, I also got an opportunity to learn how the Treasury department and MIS department function in an organisation. I came to know the various sub-department under the finance department which are very important for functioning in an organisation I also learned how to prepare the Income Tax Annexures in which mainly schedules of various expenditures are to be maintained on the basis of four quarters and it prepare yearly wise. I also got an opportunity to analysing Tax audit reports and I also got a chance to file service tax returns . Overall, I learned a lot from an organisation which helps me to identify how the work is to be carried in practical life.
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  • Fall '17
  • Mahvish ali

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