GST ( Goods & Service Tax)

Course Content of GST

Lesson 1: Overview & Analysis of Key aspect of GST

Impact of GST
Impact of GST on GDP of India
What is GST (Goods & Service Tax)
Taxes subsumed by GST
Principles of GST
Levy
Exemption
Rate & Taxes
Who is Liable- Taxable Person
Meaning of Supply
Goods
Services
E-Commerce- Amazon, Flipkart etc.

Lesson 2: Practical Challenges & Resolution
Place of Supply
Importance of Place of Supply
w.r.t Goods & Services
Supply to SEZ/Export
Training Services
Composite Supply
Event
Transportation Services
Others
Valuation & ITC
Value of Supply
Condition of Tax credit
Credit of rent -a-cab services
Credit of goods/services used in construction
Credit reversal- sale of land
ITC- other issues

Lesson 3: Transitional Provision & Compliance

Lesson 4: Procedural Compliance under GST
Registrations
How?
Who?
Procedure for Application
Amendment of Registration
GST Returns
Overview of Returns
Monthly returns
Penalty
GSTR-1 (details)
GSTR-2 (details)
GSTR- 3
GSTR -9 Annual Return
Return Payment
Relevant Date
Payment Procedure
GST PMT-05 Electronic Cash Ledger
GST PMT-02 Electronic Credit Ledger
GST PMT-01 Tax Liability Ledger
GST PMT-06 Challan
Refund & Record Keeping
Accounts & Record
Accounts & Record by Work Contractor
Audit

Lesson 5: Implementation of GST in Computerized Accounting Software
Tally ERP9 |QuickBooks |Busy