Basics of Indirect Taxation:

• Taxation system in India
• What is Indirect Tax?
• Major indirect taxes in India
• Difference between Direct and Indirect Taxation
• What is GST?
• Features of GST
  • Dual GST
  • Destination-based tax
  • Applicable taxes under GST law
  • Taxes subsumed into GST
• Rates of GST
• GSTIN & GST Portal
• GST council

GST – Practitioner’s Perspective:

• Taxable event – Supply eg:
• Inter-State and intra-State supply
• Goods & Services
• Goods & services outside the scope of GST
• Who is liable to pay tax? – Taxable person
• Concept of FCM & RCM
• Goods & Services covered under RCM
• Good & Services exempted from GST
• Composition Levy

Concepts for Practitioners:

• Output tax & Input tax
• Concept of Input Tax Credit , conditions
• B2B, B2C sales
• Exempted supply, Non-taxable supply and Nil rated supply
• Place of Supply
• Value of Supply
• Time of Supply

Introduction to Goods Tariffs & Services Rates

• Tax Invoice and its mandatory fields.
• Classification of Goods and Services -HSN & SAC codes
• Prevailing GST rates in India
• Demonstration on HSN

Working Knowledge of GST

• Bill of supply and its mandatory fields.
• Debit note, credit note & accounting aspects
• E-way bill
• E-invoicing

Registration under GST

• Applicability of Registration
• Mandatory and Voluntary Registration
• Procedure for Registration with steps
• Amendment of Registration

Monthly & Quarterly Returns

• Different types of returns, its applicability, due dates, etc.
• B2B, B2C sales
• GSTR-1 
• GSTR-3B , GSTR-4
• Amendment of invoices
• Setting off Input Tax Credit (ITC)
• Composition Scheme
• QRMP Scheme & IFF

Annual Returns

• GSTR – 9