Introduction to GST:- Definition of GST
- Purpose and objectives of GST implementation
- Historical background of GST in India
- Benefits of GST for businesses and consumers
Understanding the GST Act:- Overview of the GST Act
- Key provisions of the GST Act
- Registration requirements under GST
- Composition scheme under GST
- Input tax credit under GST
GST Rates and Classification:- Different GST rates for goods and services
- Classification of goods and services under GST
- Exempted goods and services under GST
- Reverse charge mechanism under GST
GST Invoice and Record Keeping:- Requirements for issuing GST invoice
- Format and content of a GST invoice
- Time and manner of issuing a GST invoice
- Record keeping under GST law
- Maintenance of books of accounts under GST
GST Returns and Compliance:- Types of GST returns
- Due dates for filing GST returns
- Procedure for filing GST returns
- Penalties for non-compliance with GST provisions
- GST audits and assessments
GST Input Tax Credit:- Concept of input tax credit under GST
- Conditions for claiming input tax credit
- Blocked credits under GST
- Reversal of input tax credit
- Matching and reconciliation of input tax credit
E-Way Bill under GST:- Introduction to the e-way bill system
- Requirements for generating an e-way bill
- Validity and cancellation of e-way bill
- Role of transporters in e-way bill generation
- Penalties for non-compliance with e-way bill provisions
GST Refunds and Appeals:- Procedure for claiming GST refunds
- Time limit for claiming GST refunds
- Grounds for filing an appeal under GST
- Appellate authorities under GST
- Settlement of disputes under GST
GST Compliance for E-Commerce:- GST implications for e-commerce businesses
- Registration requirements for e-commerce operators
- Tax collection at source (TCS) under GST
- E-commerce marketplace and its responsibilities
- GST compliance for foreign-based e-commerce platforms
GST and Input Service Distributors (ISD):- Concept of Input Service Distributors (ISD)
- Registration and compliance requirements for ISD
- Distribution of input tax credit by ISD
- Documentation and record keeping by ISD
- Reversal of input tax credit by ISD
GST Audit and Annual Return:- Overview of GST audit
- Types of GST audits
- Preparation and submission of GST audit report
- Annual return filing under GST
- Reconciliation of turnover and tax paid
GST and Anti-Profiteering Measures:- Introduction to anti-profiteering provisions under GST
- Objectives and purpose of anti-profiteering measures
- Anti-profiteering authority and its functions
- Procedure for filing a complaint against profiteering
- Penalties for non-compliance with anti-profiteering provisions
Conclusion:- Recap of key concepts covered in the syllabus
- Importance of understanding and complying with GST provisions
- Future prospects and developments in GST
This course is helpful for the following exams: GST