GST Syllabus:1. Introduction to GST:- Definition and overview of Goods and Services Tax (GST)
- Objectives and benefits of implementing GST
- Comparison between previous tax system and GST
- Key features and components of GST
2. GST Framework:- Constitutional provisions for GST implementation
- Dual GST structure: Central GST (CGST) and State GST (SGST)
- Input Tax Credit (ITC) mechanism
- Registration and compliance requirements under GST
3. GST Registration and Return Filing:- Eligibility criteria for GST registration
- Procedure for obtaining GST registration
- Types of GST returns and their due dates
- Filing of GST returns and penalties for non-compliance
4. GST Taxable Events and Time of Supply:- Determination of taxable events under GST
- Point of taxation and time of supply rules
- Valuation of goods and services for GST purposes
- Exemptions and concessions under GST
5. Input Tax Credit (ITC) and Reverse Charge Mechanism (RCM):- Concept of Input Tax Credit (ITC) and its utilization
- Conditions for availing ITC and blocked credits
- Reverse Charge Mechanism (RCM) and its applicability
- Treatment of ITC and RCM in different scenarios
6. GST Rates and Classification:- Classification of goods and services under GST
- GST rates for different goods and services
- HSN (Harmonized System of Nomenclature) and SAC (Services Accounting Code) codes
- Computation of GST liability and tax invoices
7. GST Compliance and Audits:- GST compliance requirements for businesses
- Maintenance of records and documents under GST
- GST audits and assessment procedures
- Penalties and consequences for non-compliance
8. GST E-Way Bill System:- Introduction to GST E-Way Bill system
- Rules and procedures for generating E-Way Bills
- Validity and cancellation of E-Way Bills
- Role of E-Way Bills in interstate and intrastate movement of goods
9. GST Refunds and Appeals:- Provisions for claiming GST refunds
- Conditions and procedures for filing refund applications
- GST refund timelines and processing
- Appellate mechanisms for challenging GST assessments and orders
10. Recent Updates and Amendments:- Recent changes and updates in GST laws and regulations
- Amendments in GST rates and classifications
- Case studies and practical examples of GST implementation
- Emerging trends and future prospects of GST in India
By following this comprehensive syllabus, individuals can gain a thorough understanding of Goods and Services Tax (GST) and its various aspects. It covers all the essential topics related to GST, including its introduction, framework, registration, return filing, taxable events, input tax credit, GST rates, compliance, audits, e-way bill system, refunds, and recent updates.
This course is helpful for the following exams: GST