Learn GST Quickly

Goods and Service Tax: GST

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GST is one indirect tax for the whole nation, whichwill make India one unified market.It is a single tax on the supply of goods and services,right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value additions, which makes GST essentially a tax only on value addition at each stage.The final consumer will thus bear only the GSTcharged by the last dealer in the supply chain, with setoff benefits at all the previous stages.

Industry:

With the implementation of the GST (Goods and Services Tax), the entire indirect tax system in India (excise, state-level VAT, service tax) is expected to evolve.

  • Total tax collection in India (direct & indirect) - Rs 14.6 lakh crore
  • Almost 34% - Indirect taxes
  • Rs 2.8 lakh crore coming from excise
  • Rs 2.1 lakh crore from service tax

Objectives :


  • Ensuring availability of input credit across the value chain
  • Minimising cascading effect of taxation
  • Simplification of tax administration and compliance
  • Harmonisation of tax base, laws, and administration procedures across the country
  • Minimising tax rate slabs to avoid classification issues
  • Prevention of unhealthy competition among states
  • Increasing the tax base and raising compliance

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Benefits of GST

Central & State Govements

  • Simple and easy to administer
  • Better control on leakages
  • Higher revenue efficiency

Business & Industry

  • Easy Compliance
  • Uniformity of tax rates & structures
  • Removal of cascading
  • Gain to manufacturers and exporters

Consumers

  • Single & transparent tax proportionate to the value of goods & services
  • Relief in overall tax burden
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About GST Course

India is undergoing the economic revolution, in the form of GST (Goods and Services Tax) implementing from July 2017. As this new tax structure has a greaterimpact in our country,the importance of learning GST also increases. The course covers the scope of GST, overall GSTconcepts and applications that will raise the professional competency, knowledge and capabilities of the Professionals and Students

GST Course

  • Total 2 days Workshop – 6 hours per day
  • Can also have, weekend batches: Saturday-Sunday

Course Structure

Module Topics Covered
Basic Concepts of GST  GST Structure / Design, Rates of GST on Goods and Services, GST Business Models, Exporters & GST, Legal Aspects of GST Supply, Role of GST Council
GST Law and Provisions Tax Liability Provisions, Compliance Processes, Transitional Provisions, GST On Services, Procedure
GST Compliance(Registration , Returns , Payments & Refunds) GST Registration Process, GST Return Process, GST Payment Process,GST Refund Process, Key Areas of GST Readiness, IT Infrastructure for GST Compliance and GST Credits, State wise GST Compliance

Course Structure

Successful completion of this course will allow the student to work in following roles:

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