CERTIFICATE COURSE IN GOODS & SERVICE TAX
IVAR ACADEMY is the best Institute for CERTIFICATE in GST COURSE in Coimbatore Tamilnadu 2024
INTRODUCTION ABOUT IVAR ACADEMY’s CERTIFICATE in GST COURSE:
Goods & Services Tax (GST) is a comprehensive destination based indirect tax levied on goods as well as services at the national level. Its main objective is to consolidate multiple indirect tax levies into a single tax thus subsuming number of indirect tax levies, overcoming the limitations of previous indirect tax structure, and creating efficiencies in tax administration. The essence of GST is in removing the cascading effects i.e., tax on tax of both Central and State taxes by allowing setting-off of taxes throughout the value chain, right from the original producer and service provider's level up to the consumer level.
The GST domain includes varied concepts from registration, payment, returns, refunds, classification and valuation, place and time of supply, input/output credit, and compliance system with respect to e-way bill mechanism along with various other new concepts. GST is an apposite tribute to spirit of cooperative federalism and binds India into an Economic Union upholding the Government of India's motto of 'One Nation One Tax'. GST is a proactive step towards vivid opportunities for the country. For better administration of new tax regime in the country, it is important to have more competent and skilled professionals to facilitate regulators to ensure effective compliance of GST. In almost all the branches of law as we Need experts in interpreting laws and possess a strong accounting background Competent GST professional to handle the regulatory compliances under the GST laws. The GST Professionals are rendering value added services to the trade and industry and acting as extended arms of the regulatory mechanism. There are ample opportunities available for GST Practitioners in GST regime viz. compliances, advisory, consultancy, tax planning etc. as they are well versed in understanding the nuances of laws & taxation system.
IVAR ACDEMY’s DURATION FOR GST COURSE IS - 30 HOURS
COURSE CONTENTS
Background and Basic Principles of GST Law
- Journey of GST in India
- Constitutional mandate and Legislative Framework
- Important definitions
- Levy under GST
- Distinction between Goods and Services
- Incidence of Tax – Supply
GST – Operational Scheme
- Place of Supply
- Time of Supply
- Valuation
- Reverse Charge Mechanism
GST – Operational Scheme & Procedural Aspects
- Input Tax Credit mechanism
- Registration under GST including types (to cover Non-Resident & Casual Person)
- Unregistered person
- Composition Scheme
- Tax Invoice, Credit and Debit Notes and similar documents
- Accounts & Records
Special dispensation
- GSTN Portal - overview
- Returns under GST – Preparation and Filing process
- Refunds under GST
- E-Way Bill Mechanism
- ASP/ GSP
Special Dispensation
- Exports (including Deemed Exports) and Imports under GST
- Brief Discussion on Customs and FTP
- SEZ and EOUs – related provisions under GST
- Input Service Distributor (ISD)
- Job-Work provisions
- Audit under GST
Advocacy Areas
- Demand proceedings
- Penal provisions/li>
- Appeals
- Recovery proceedings
- Advance Ruling mechanism
- Litigation Basics – Drafting of SCNs/ Appeals, Appearance, etc
Miscellaneous Areas
- Transitional Provisions
- Exempted Goods and Services
- Sector specific Issues (Construction, Logistics, E-Commerce and Banking)
- TDS/TCS Provisions
- Selective Advance Rulings/ Judicial Pronouncements
- Role of a GST Practitioner
- Sum-Up