Certificate Course in Goods and Services Tax (GST)

Introduction

All waitlist participants shall be informed about the next enrollment date

The Goods and Services Tax is a tax that revamped the structure of indirect taxes in July 2017. However, frequent clarifications on applicability and changes in implementation dates have resulted in significant confusion about the interpretation and implementation of the new tax regime.

This course addresses the requirements for concept clarity in Goods and Services Tax and provides comprehensive guidance on interpreting various ‘points of interest’ in the law. It also covers a good deal of the procedural requirements addressing the ‘how-to’ questions.

It explains in simple language, yet precisely where the taxable event lies and how the tax should actually be calculated, deducted and paid. It can significantly help employees who are engaged in GST implementation for their employers as well as consultants and practitioners who intend to take up GST as an area of practice.

What is the career potential after doing this course?

Understand exactly when and where the taxable event occurs and which taxes are to be applied

Understand concepts such as reverse charge mechanism, input tax credit, composition scheme etc.

Be able to deal with the various formalities under the legislation such as registration, claiming an input tax credit, opting for composition scheme, filing returns and claiming refunds

Understand how tax is deducted and collected at source under the legislation

Understand the applicability of the legislation to cross border i.e. import and export transactions

Syllabus

Basic Concepts

Concept of GST - Need for GST and Taxes substituted and still in existence - Coverage, Rates, Exempt goods and services Core concepts in GST - supply and turnover, aggregate annual turnover, taxable supply, zero rated supply, place of supply of goods and services, mixed or composite supplies, time of supply, reverse ch

Different Types Of GST And Legislative Framework

Framework of Central and State legislation in relation to GST - which legislations are parallely applicable What are the different types of GST - IGST, CGST, SGST, UTGST Goods and Services (Compensation to States) Act, 2017 and apportionment of IGST

Registration Requirements

Requirement to register for GST - requirement for registration in different cases (only RCM supplies, taxable and exempt supplies, inter- threshold limit for registration - interstate supplies, casual Advantages of dealing with GST registered merchant Entities which are not required to register for GST Voluntary registration - benefits and disadvantages Process for registration under GST and documents required, what does GST registration number look like, amendment of details provided at the time of registration - amendment of core and non core field Consequences of failure to register Cancellation of registration - process for new and migrated taxpayer Remedy against rejection of registration application of IGST

Input Tax Credit

Input tax credit - eligibility for availing of input tax credit and cases where it is not available - matching, acceptance and transfer of input tax credit

Composition Scheme

Composition scheme - eligibility, criteria and conditions for availing composition scheme, for whom is it preferable, rates under composition scheme, compliance required, opting in and out of composit

Tax Deduction And Collection

Who is required to deduct TDS in GST and rate of TDS Tax collection at source and entities required to collect tax at source- are entities which sell second hand goods required to collect tax at source - intrastate tax wrongly collected as interstate ta Cess collected under GST Goods and Service tax compensation fund

Tax Calculation And Payment, Refund And Rebates

Calculation of GST for products/services - date of charging event and payment of GST How to raise a GST compliant invoice Modes of assessment in GST Provisions for refund of tax paid under GST - eligibility for refund, application process How to calculate GST rebate - entitlement for GST rebate Advance ruling and process of obtaining an advance ruling

Compliance: Returns And Filing Requirements

Returns required to be filed under GST How to file the returns online and what information needs to be filled in these Processing and scrutiny of returns, revision of returns What is the consumer welfare fund and how is it created?

Compliance: Returns And Filing Requirement

Accounts and records required to be maintained under GST - maintenance of records in electronic form Maintenance of accounts and records by warehouse/transporters, for works contracts, agents? What types of audit are envisaged under the GST regime?

GST In Exports And Imports

Impact of GST on import or export of goods and services - how to determine if a transaction is an export Deemed exports under GST

Other Specific Aspects Under GST

Concept of anti-profiteering - role of the anti profiteering authority GST practitioner - Functions and responsibilities E-way bills, compliance rating mechanism GST Fraud

Sample Documents

Invoice formats Register formats Forms

Course Plan

Above prices are inclusive of all applicable taxes and charges.

Free materials

- Get Sample Material in your inbox

- Regular career guidance on email

- Sample Exercises

- Five very useful lessons

- No certification

Basic

RS. 11800 incl. of all charges

View details

- Get digital access to entire study material

- Exercises provided - for self evaluation

- Certificate (by courier)

- No Live classes

- Content access for 1 year

- Doubt clearing within 48 hours

Master Access

RS. 150000 incl. of all charges

View details

- Access to all of Lawsikho.com's courses for 4 years (including new courses launched in this period)

- Immunity from future price increases for 4 years

- Complimentary access to members-only paid Facebook group for exclusive career opportunities and content

- Inclusion of templates and lessons on your request on a priority basis

- Priority pass for personal coaching, doubt-clearing, customer-support

- Free passes and invitations to all Lawsikho events and meet-ups across India

- Direct mentorship from Ramanuj and Abhyuday

- Personal feedback on as many assignments as you want

- Access to Lawsikho alumni network

- Priority processing for articles submitted to iPleaders blog and Superlawyer interview recommendations

View details

FAQs

Who can enrol for the LawSikho Courses?

We recommend that you should have completed your Higher Secondary / Class XII from a recognized Board / University. In the case of foreign nationals, you should have completed the equivalent of Higher Secondary in India in your respective country. You should also be comfortable with the English language and using a computer. However, we have no formal pre-qualification requirements because we are not a University or college. Anyone who wants to learn is welcome to join our courses.

How do I figure out if the course covers a specific topic I want to study?

A person can visit the official website of LawSikho and find the relevant course and see the course syllabus, learning objectives and even a list of weekly exercises. You can also subscribe for free sample material. If more clarification about the course is needed, feel free to chat with our online chat specialist. You could also call us on our landline number, +91 11 40845203 for further assistance.

Grade	Percentage
F (Fail)	<40
C+	41 to 59
B+	60 to 79
A+	80 to 100

Certificate Course in Goods and Services Tax (GST)

Introduction

All waitlist participants shall be informed about the next enrollment date

Who should take this course?

What is the career potential after doing this course?

Potential employers

Relevant Industries

What is unique about this course?

Syllabus

Industry Academia Panel

Our Special Features

Course Plan

FAQs

Get In Touch

Do You Have Any Queries?

Navigation

Usefull links

How to Crack Indian Judiciary Exams

How to Crack Indian Judiciary Exams

How to Crack Indian Judiciary Exams

Register now

You’re all set!