Course Objective:
To provide conceptual knowledge of Goods and Service Tax and to enable the students to apply this knowledge in practical application of GST Laws.
UNIT-I
Indirect Taxes: Background, Concept, Features; Major shortcomings of Pre-GST Era, Administration of Indirect Taxation in India; Goods and Services Tax: Basics concept and overview. Need and Benefits, Constitutional Framework of GST.
UNIT-II
GST Model – CGST / IGST / SGST / UTGST; Concept of Taxable Event; Concept of supply, Composite Supply and Mixed Supply; Provisions regarding Levy and Collection of CGST and IGST. Concept of Composition scheme & Reverse Charge.
UNIT-III
Power of Granting Exemptions .Basic Exemptions under Goods and Services Tax, Concept of Time, Value & Place of Taxable Supply of Goods/Services, Input Tax Credit & Computation of GST Liability.
UNIT-IV
Procedural Compliance under GST: Registration; Tax Invoice, Debit & Credit Note, Account and Record, Electronic way Bill; Provisions regarding filing of Return, Payment of Tax, Provisions related to Refund.
Course Features
- Lectures 15
- Quizzes 0
- Duration Lifetime access
- Skill level All levels
- Students 10
- Assessments Yes
