Module

Course Content

Module 1

Constitutional Aspects, GST Laws, Basic Concepts of GST. Taxes Subsumed in GST, Concept of Central Sales Tax (CST), Compensation Cess.

Module 2

Valuation, Marginal Scheme, GST Illustrations, GST Set Off Rules (Sec 49 & 49A, Rule 88A), GST Amendment Act, GSTR 2A Reco with GSTR 3B, ITC of 105% of GSTR 2A.

Module 3

Form GSTR – 3B, GSTR – 1, GST Return Filing Procedure, GST and Customs Law, Import of Goods, Supply, Taxable/Exempt/Non Taxable/Zero Rated/Non GST Supply, Exemptions and Rate for Goods & Services, Input Tax Credit Reversal on Exempt and Taxable Supply, Proportionate Reversal of ITC.

Module 4

Working on GST Portal. Filing of essential compliances

Module 5

Registration (Sec 22), Aggregate Turnover, Exemption from Registration (Sec 23), Compulsory Registration (Sec 24), Schedule 3, Zero Rated Supply, Export, Supply to SEZ, Options under Zero Rated Supply, Deemed Export, ITC in case of Sale of Business Sec (18).

Module 6

Levy & Collection, Definition of Supply, Definition of Goods and Services, Schedule 1 (Related and Distinct person), Free supply of goods and services, Stock Transfer, Valuation Rules, Pure Agent and Reimbursements, TDS and TCS, Composite and Mixed Supply.

Module 7

Input Tax Credit, Conditions for taking ITC, Time limit for ITC, Negative List of Tax Credit, Definitions of Capital Goods, Inputs and Input Services, Refund of ITC and Formula, Inverted Duty Structure, Refund Mechanism and complete procedure, Refund of ITC and Formula.

Module 8

Reverse Charge Mechanism, Section 9(3) and 9(4), Goods Transport Agency (GTA), Rent a Cab, etc, Types of Invoices, Credit Note and Debit Note, Self-invoicing, Time of Supply, GST on Advances, Non-payment within 180 days, Interest.

Module 9

Place of Supply, Bill to – Ship to, Composition Scheme, Anti Profiteering, Input Service Distributor (ISD), Cross Charge, Job Worker.

Module 10

Transitional Scheme, Assessment, Appeals, Demand & Recovery, Advance Ruling, Penalty, Search seizure, etc, Complete Coverage of GST Laws for Annual Return and Audit along with Step by step Procedure.