GST Basic Course

GST Basic Course

  • At the end of the course , students will have a thorough understanding of the GST tax regime and will be “GST Ready” for the coming future .

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GST Basic Course Syllabus

Basics of GST (Video Lectures)

  • Intro Lecture
  • Basics of GST
  • Cascading Effect Of The Current Tax Structure
  • GST Helps Mitigate the Cascading Effect
  • What Exactly Is the GST? 
  • Effect of GST on current Indirect Taxes

 

Basics of GST (Articles)

  • HSN Codes and It’s Implication under GST
  • Know your GSTIN
  • Mixed Supply & Composite Supply under GST
  • Simplification of Indirect Taxes under GST Regime-
  • Terms and phrases you must know under GST- Part I
  • Terms and phrases you must know under GST- Part II
  • Understanding the basics of GST
  • What is GST Compliance Rating?
  • What is SGST, CGST & IGST?

Composition scheme (Video Lectures)

  • Canons of Taxation 
  • Canons and GST Rectified
  • The right balance for the composition scheme 
  • Small Business and Aggregate Turnover Rectified
  • Small Business and Prohibited Activities Rectified
  • Tax collection and Input Tax credit
  • Simplified Returns
  • payment of taxes
  • Impact of Composition Scheme in B2B
  • Impact of Composition Scheme in B2B Continued

Composition Scheme (Articles)

  • Benefits of Registering under GST Composition Scheme
  • Composition Scheme Under GST Explained
  • Drawbacks of registering under the GST Composition Scheme
  • Simpler GST for small & local businesses (Composition Levy)

Input Tax Credit (Video Lectures)

  • ITC Mechanism 
  • Reverse Charge
  • Purchases and a Hint to Negative List
  • The Specific List
  • Motor Vehicles, Works Contract and Immovable Property
  • Proportionate Credit
  • Set Off Rules
  • Set Off Rules Continued
  • ITC Utilisation Example
  • Reasons for Conditions
  • Conditions for ITC 
  • Special Circumstances
  • Special Circumstances
  • Job Worker and ITC
  • Input Service Distributor Rules
  • ISD Conditions

Input Tax Credit (Articles)

  • Input Tax Credit under GST Regime – Conditions To Claim Credit
  • What is Input Credit? And how to claim it?
  • Conditions to claim ITC

GST Registration (Video Lectures)

  • Exempt from Registration
  • Threshold Based Registration
  • Mandatory Registration E-commerce Related
  • Mandatory Registration E commerce and Remit tax or claim ITC
  • Mandatory Registration Special Cases 1
  • Voluntary Registration and Benefits
  • Timeline for Registration Existing Dealers 
  • Timeline for Registration New Dealers
  • Timeline for Registration Casual and Non Resident Taxable Person 
  • Where to Register Mutliple States 
  • Where to Register Multiple Business Verticals
  • Location of Supplier 
  • Application and acceptance process
  • GSTIN and Display Provisions
  • Migration Laws and Procedures
  • Amendment to Registration
  • Cancellation and Revocation of cancellation

GST Registration (Articles)

  • Application Process under GST
  • Does GST apply to me?
  • New Turnover limit for GST
  • Enrollment Process for Goods and Services Tax
  • GST Enrolment Process for Existing Central Excise & Service Tax Assessee
  • How to Register for GST
  • Taxable Person under GST
  • The ClearTax Guide on the GST Portal
  • What you must know about GST Registration

 

Returns

  • Who should file returns and why
  • Conditions relating to Returns
  • Statement of outward supplies
  • Statement of outward supplies continued
  • Statement of Inward Supplies
  • Statement of Inward Supplies continued
  • Monthly return
  • Annual return
  • Timelines for normal RTP
  • Compounding Taxable Person intro
  • Quarterly return for Composition Scheme
  • Quarterly return for Composition Scheme Continued
  • Annual return for composition scheme
  • Input Service Distributor
  • Non Resident Taxable Person.
  • Input Service Distributor Continued
  • E-commerce operator
  • TDS

Transitional Provisions

  • Transitional provision under GST-overview
  • Unavailed cenvat credit
  • Credit for taxable&exempted goods and services
  • Centralised registration
  • Removal of goods pre and post GST
  • claim for refund for normal supply
  • claim for refund for export supply
  • Appeals&Reviews
  • Return finished and revised
  • Goods sent on Approval basis

Webinars

  • Business Impact on job , work and stock transfer
  • Treatment of stock transfer
  • Returns under GST
  • Business impact on job work and stock transfer
  • Transitional Provision -1
  • Transitional Provision -2
  • Transitional Provision-3
  • Time of Supply
  • Place of supply of Goods under GST

Place of Supply

  • Domestic supply of goods
  • International supply of goods
  • Domestic supply of services
  • Services exempted
  • International supply of services

Time of Supply

  • Time of supply for normal supply
  • Time of supply for reverse charge
  • Time of supply for other supplies
  • ax invoice rules for last date of issue for supply of goods
  • Tax invoice rules for last date of issue for supply of services
  • Supplier and Recipient
  • Change in tax rate
  • Transition Provisions
  • Destination Based Consumption

Values of Supply

  • Conditions to use valuation rules
  • Transition value methods-conditions and inclusions
  • Transition value method-exclusions
  • Valuation rules_module-1 – 6
  • Value of supply

GST by Ashok Batra

  • Lecture 1 – 2

Offences and Penalties

  • Offences: Invoices and information
  • Offences: Tax amount
  • Offences: Supply of goods and others
  • Offences: Third Person]
  • Prosecution Offences
  • Prosecution Terms
  • Goods liable for confiscation
  • Detention, seizure
  • Release
  • Confiscation
  • Compounding Negative List
  • Compounding Fee
  • Transitional provisions
  • Transitional provisions 2

New Council meeting: GST Rates

  • GST Rate Fitment
  • Day 1 Highlights

Payments

  • Payment of taxes
  • Flow of entries
  • Tax paid by third party
  • Electronic tax liability register
  • Electronic ITC ledger
  • Electronic cash ledger
  • Refund timelines
  • Refund timelines-2 – 3
  • Relevant Date
  • Refund Process and forms
  • Application for Refund
  • Refund Process
  • Provisional refund
  • Interest on refund
  • Invoicing Under GST

Basics of GST (Hindi)

  • Basic of GST(Hindi)
  • Cascading effects of current tax structure(Hindi)
  • GST Helps Mitigate the cascading effect(Hindi)
  • What exactly is GST
  • Effect of GST on current tax regime(Hindi)

Composition Scheme (Hindi)

  • Canons of taxation
  • Canons and GST rectified(Hindi)
  • The right balance for the composition scheme(Hindi)
  • Small Business and Aggregate Turnover Rectified(Hindi)
  • Small Business and Prohibited Activities Rectified(Hindi)
  • Tax collection and Input Tax credit(Hindi
  • Simplified Returns(Hindi)
  • Payment of Tax(Hindi)
  • Impact of Composition Scheme in B2B(Hindi)
  • Impact of Composition Scheme in B2B Continued(Hindi

 

Input Tax Credit(Hindi)

  • Concepts behind Input Tax Credit(Hindi)
  • ITC Mechanism(Hindi)\
  • Reverse Charge(Hindi)
  • Purchases and a Hint to Negative List(Hindi)
  • 8 Items in the Negative List(Hindi)
  • The Specific List(Hindi)
  • Motor Vehicles, Works Contract and Immovable Property(Hindi)
  • Proportionate Credit(Hindi)
  • Set Off Rules(Hindi)
  • Set off Rules Contd. (Hindi)
  • ITC Utilisation Example(Hindi)
  • Reasons for Conditions(Hindi)
  • Conditions for ITC(Hindi)
  • Special Circumstances(Hindi)
  • Job Worker and ITC(Hindi)
  • Input Service Distributor Rules(Hindi)
  • ISD Conditions(Hindi)

 

GST Registration (Hindi)

  • Exempt from Registration(Hindi)
  • Threshold Based Registeration
  • Mandatory Registration E-commerce Related(Hindi)
  • Mandatory Registration remit tax or claim ITC(Hindi)
  • Mandatory Registration Special Cases(Hindi)
  • Voluntary Registration(Hindi)
  • Timeline for Registration – Existing Dealer(Hindi)
  • Timeline for Registration – New Dealer(Hindi)
  • Timeline for Registration – Casual and Non-Resident Taxable Person(Hindi)
  • Where to Register – Multiple States(Hindi)
  • Where to Register – Multiple Business Verticals(Hindi)
  • Location of supplier of services(Hindi)
  • Application and acceptance process(Hindi)
  • GSTIN and Display Provisions(Hindi)
  • Migration Laws and Procedures(Hindi)
  • Amendment to Registration(Hindi)
  • Cancellation and Revocation of cancellation(Hindi)

 

Time and Place of Supply (Hindi)

 

  • Time of Supply for Normal Supply(Hindi)
  • Time of Supply for Reverse Charge Supply(Hindi)
  • Time of Supply for other supplies(Hindi)
  • Tax invoice rules for last date of issue for supply of goods(Hindi)
  • Tax invoice rules for last date of issue for supply of services(Hindi)
  • Supplier and Recipient(Hindi)
  • Change in tax rate(Hindi)
  • Transition Provisions(Hindi)
  • Destination Based Consumption(Hindi)
  • Domestic: Place of Supply for Goods(Hindi)
  • International: Place of Supply for Goods(Hindi)
  • Domestic: Place of Supply for Services(Hindi)
  • Domestic: Place of Supply for Services Continued(Hindi)
  • International: Place of Supply for Services(Hindi)
  • Conditions to use Valuation Rules(Hindi)
  • Transaction Value Method: Conditions and Inclusions(Hindi)
  • Transaction Value Method: Exclusions (Hindi)
  • Valuation Rules(Hindi)
  • Valuation rules Contd. (Hindi)
  • Value in Specified Cases_Pure Agent (Hindi)
  • Value in Specified Cases_Money Changer (Hindi)

 

 

Returns

  • Who should file returns and why (Hindi)
  • Conditions relating to returns (Hindi)
  • GSTR 1 Statement of Outward Supplies(Hindi)
  • GSTR 1 Statement of Outward Supplies continued(Hindi)
  • GSTR 2 Statement of Inward Supplies-Auto-populated (Hindi)
  • GSTR 2 Statement of Inward Supplies-Non-auto populated(Hindi)
  • GSTR 3 Monthly Returns(Hindi)
  • GSTR 9 Annual Returns(Hindi)
  • Due dates for Normal Tax Payer(Hindi)
  • Compounding Taxable Person Intro
  • GSTR 4 Quarterly Returns for composition scheme (Hindi)
  • GSTR 4 Quarterly Returns for composition scheme continued (Hindi)
  • GSTR 9A Annual return for composition scheme (Hindi)
  • GSTR 5 Non Resident Taxable Person (Hindi)
  • GSTR 6 Input Service Distributor (Hindi)
  • GSTR 6 Input Service Distributor Continued (Hindi)
  • GSTR 7 Person deducting tax (Hindi)
  • GSTR 8 E-commerce Operators (Hindi)

 

Payments (Hindi)

  • Payment of taxes
  • Flow of entries in the Electronic Ledgers (Hindi)
  • Tax paid by third party (Hindi)
  • Electronic Tax Liability Register(Hindi)
  • Electronic ITC Ledger (Hindi)
  • Electronic Cash Ledger (Hindi)
  • Refunds Timelines – UNO and Embassies (Hindi)
  • Refunds Timelines-Casual Taxable person (Hindi)
  • Refunds Timelines-Normal taxable person and Unutilised ITC (Hindi)
  • Relevant Date (Hindi)
  • Refund process and forms- A bird’s eye view(Hindi)
  • Application for Refund-RFD 01, 10 – documents required (Hindi)
  • Refund Process, RFD-02,03, 08, 09(Hindi)
  • Provisional Refund, RFD 04 (Hindi)
  • Interest on refund(Hindi)

 

Offences and Penalties (Hindi)

  • Offences: Invoices and information (Hindi)
  • Offences: Tax amount (Hindi)
  • Offences: Supply of goods and others(Hindi)
  • Offences: Third Person (Hindi)
  • Penalties (Hindi)
  • Penalties Continued (Hindi)
  • Prosecution Offences (Hindi)
  • Prosecution Terms (hindi)
  • Goods liable for confiscation (Hindi)
  • Detention, seizure (Hindi)
  • Release (Hindi)
  • Confiscation(Hindi)
  • Compunding Negative List(Hindi)
  • Compounding Fee (Hindi

 

Impact on trading Sector

  • Overview
  • Negatives-1 – 7
  • Benifits-1 – 12