Goods & Service Tax Course

GST stands for "Goods and Services Tax" and is projected to be a comprehensive indirect tax levy on manufacture, sale, and consumption of products moreover as services at the national level.

Its main objective is to consolidate all indirect tax levies into a single tax, except customs (excluding SAD).replacement multiple tax levies, overcoming the restrictions of existing indirect tax structure, and makingefficiencies in tax administration.

The introduction of goods and Services Tax (GST) would be a really vital step within the field of tax reforms in India. By combination of oversized variety of central and state taxes into a single tax, it might mitigate cascading or double taxation during a major manner and pave the method for a typical national market.

From the buyer purpose of view, the most important advantage would be in terms of a discount in the overall tax burden on product, that is presently calculable at 16%-18%.

The introduction of GST would additionally build our product competitive in the domestic and international markets. Studies show that this could instantly spur economic growth. Last but not the smallest amount this tax,as a result of its clear character, would be easier to administer.

Tax payers ought to be GST-compliant to be able to Take a look at system changes in time.depending on the operative geography, size, and sector, the changes would be substantial.and will need proactive designing with a time-bound action plan.

In order to organise for the implementation of GST,firms have to be compelled to perceive GST policy development and its implications for situation designing and transition roadmap development

We have a tendency to clear Tax strives to give our learners with all the knowledge and tools needed to organise to deal with the new tax regulations.

Our course will teach you:

• GST Levy

• GST Time of Supply

• GST Place of Supply

• Input tax credit

• GST Valuation

• GST Returns

• GST Registration

• GST Payment

• GST Assessment

• GST Refund

• GST Penalties

• GST Offences

• GST Advance Ruling

• GST FTP

• GST (customs duty)

• GST Moot Court

• GST Ethical Practice