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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