ADVANCE DIPLOMA IN GST

Introduction to GST with practical examples

  • Brief Introduction to Excise Act, Service tax, VAT, and other existing laws 
  •  Indian GST- Basic concept of "Supply"
  • Basic concepts of Branchs Principal and Agent and other terms under GST 
  • Practical examples to demonstrate the present scenario of indirect taxation to the new GST scenario

Basic Tax Structure and Schedule of goods and services  with examples

  • Basic of types of Taxes : CGST, SGST and IGST
  • Rates of taxes of CGST, SGST and IGST
  • Distinction of Goods and services
  • Practical examples to explain the concept of the taxation under the GST regime.

Registration Process in GST and Migration procedures

  • Person liable for registration
  • Voluntary registration
  • Mandatory registrations
  • Treshhold limit for registration
  • Types of invocies and other provisions related to invoicing

Time/Value/Place of Goods and Services explained with practical examples and Case studies

  • Place of Supply explained with examples
  • Time of Supply explained with examples
  • Value of Supply explained with examples and also with the Valuation Rules
  • Comparision of the present scenario of taxes and under GST regime

Input Tax Credit under GST

  • Definition of inputs, capital goods and input services
  • Eligible credits
  • Restriction on availment of credit
  • Documents eligible for credit
  • Goods sent to job worker
  • Reversal of credit
  • Set-off mechanism

Details of Forms and Returns to be filed under GST regime with practical discussion on the input fields required for the returns and forms

  • Types of Forms prescribed under GST
  • Practical training on information to be accumulated for uploading in the forms of GST
  • Timelines for upload of the forms
  • Data Mismatch to be determined and how to address the issue.
  • How should the mistakes in the GSTR to be rectified
  • Annual Returns to be filed with due dates. Audit report of CA under GST regime
  • Workings to be prepared for uploading the Returns and payment of taxes

Payment of Taxes and Refund procedures

  • Payment GST - mode (cash, ITC, TDS, TCS)
  • Electronic cash ledger, credit ledger, liability ledger
  • Manner of payment in cash (online, OTC etc)
  • Payment considering supply of intra-state supply as inter-state supply or vice versa
  • Refunds
  • Manner of refund

Unique Transactions Under GST regime

  • Composition Scheme under GST with practical examples
  • Calculation of GST under Job Work and Input Service Distributors with practical examples
  • E Commerce Transactions with practical examples
  • Import and Export transactions with practical examples

Docmentation to be maintained under GST

  • Stock records
  • Accounting Entries
  • Accounting Records
  • GST Compliance Ratings
  • Content of invoices and other provisions relating to invoice.
  • Types of invoices 

Practical Training

  • All forms of GST to be uploaded in the GST E portal

Transitional provisions for Data Migration to GST

  • Transitional provisions for input credit
  • Transitional provisions for opting Composition Scheme
  • Transitional provisions for Job work E commerce Principal and Agents
  • Transitional provisions for Registrations

Tests to be conducted on all the topics under GST

  • Tests to conducted on Registration formalities and migrations
  • Test to be conducted on Input credit and Time/Place/Value of Supply
  • Tests to be conducted on the various returns under GST.
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