Practical GST Training

This is the practical training course in GST (Goods and Services Tax) for the student, Job seeker and tax professionals in India. 

Content:

• BASIC OF GST OVERVIEW OF MODEL GST LAW
  • Basics of GST
  • Important Definitions (Section 2)
  • Impact of GST
  • Benefits/ Demerits
  • Different Rates of GST
• LEVY AND COLLECTION OF GOODS & SERVICES TAX
  • Levy of GST, Forward Charge Mechanism and Reverse Charge Mechanism (RCM)
  • Meaning and Scope of Supply
  • Composite & Mixed Supply
  • Zero Rated Supply
  • Power to grant exemption from tax
• PLACE OF SUPPLY
  • Place of supply of goods other than supply of goods imported into, or exported from India
  • Place of supply of goods imported into, or exported from India
  • Place of supply of services where location of supplier and recipient is in India
  • Place of supply of services where location of supplier or location of recipient is outside India
• TIME AND VALUE OF SUPPLY
  • Time of supply of goods
  • Time of supply of services
  • Change in rate of tax in respect of supply of services
  • Value of taxable supply
• GST TAX INVOICE, CREDIT AND DEBIT NOTES
  • Tax invoice
  • Amount of tax to be indicated in tax invoice and other documents
  • Credit and debit notes
• GST REGISTRATION UNDER MODEL GST LAW WITH GST RULES & FORMATS
  • Persons required to be registered
  • Exemption from Registration
  • Persons required to be compulsory registered (No Turnover Limit Allowed)
  • Special provisions relating to Casual Taxable Person & Non-Resident Taxable Person
  • Registration Procedure under GST (Practically on GST Portal with Real Registration)
  • Forms for GST Registration REG-01 to REG-29
  • Application, Acknowledgment and Certificate (GST RC)
  • Amendment in Registration
  • Cancellation of Registration
  • Revocation of Cancellation of Registration
• INPUT TAX CREDIT (ITC) WITH GST RULES
  • Eligibility & Conditions for taking ITC
  • Claim of input tax credit and provisional acceptance there of Matching
  • Manner of Taking Input Tax Credit (Utilization of ITC)
  • Blocked ITC
  • Availability of ITC in Special Cases
  • Reversal and Reclaim of ITC
  • ITC for Job Work
  • ITC Distribution by ISD
• RETURN UNDER GST WITH GST RULES AND FORMATS
  • Return filling System under GST
  • Return Filling Rules with Practical Procedure on GST Portal with Real Assignments
  • Filling of GST Return for Regular Person (GSTR 3B & GSTR 1)
  • Filling of GST Return for Composite Person (GSTR 4)
  • Filling of GST Return For Non-Resident Taxable Person (GSTR 5)
  • Filling of GST Return for ISD (GSTR 6)
  • Filling of GST Return for TDS (GSTR 7)
  • Filling of GST Return for TCS (GSTR 8)
  • Annual Return GSTR-9, GSTR-9A, GSTR-9B and GSTR-9C
  • Reconciliation of ITC with GSTR 2A
  • Consequences of not filing GSTR-9
  • Notice to Return Defaulters
  • Levy of Late Fee
  • Final return
• PAYMENT OF TAX
  • Payment of tax, interest, penalty, and other amounts
  • Interest on delayed payment of tax
• E-WAY BILL
  • Intro of E-Way Bill System
  • Prerequisite for generation of E-Way Bill
  • Generation login id password on E-Way Bill portal
  • E-Way Bill Generation for Sale, purchase – goods sent for repairs, job work, sales return, purchase return, imports and exports
  • Transactions with unregistered dealers etc
  • Updating E-Way Bill in case of change in conveyance, Breakdown of conveyance
  • Validity of E-Way Bill
  • Reporting under E-way Bill
• REFUND WITH GST RULES
  • Refund of Tax (Section-54)
  • Refund in Certain Cases (Section-55)
  • Interest on Delayed Refunds (Section-56)
  • Consumer Welfare Fund (Section-57)
  • Utilization of Fund (section-58)
• GST ASSESSMENT AND AUDIT
  • Self-assessment
  • Scrutiny of return
  • Summary assessment in certain special cases
  • Audit by tax authorities
  • Special audit
• Tax Collection at Source – E Commerce (Section 52)
• Tax Deduction at Source (Section 51)
• Special Provision for Job Worker
• Composition Levy under Section 10 & Quarterly Return GSTR-4
• Accounting for GST in Tally