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Goods and Services Tax (GST) Course

Tiwary
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About This Course

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The concept of Goods and Services Tax (GST) was first introduced by Prime Minister Narendra Modi (India) when the government launched GST into action on the midnight of 1 July 2017. However, GST was almost two decades in creation since the concept was first projected under the Atal Bihari Vajpayee government.

Goods and Sales Tax is a destination-based tax on the consumption of goods and services. It is levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as setoff. In a nutshell, only value addition is taxed and the weight of the tax is borne by the final customer.

In order to regulate inflation, essential items including food, which currently establish roughly half of the consumer inflation basket, will be taxed at zero rates.

The GST system in India is a dual GST with the Centre and States simultaneously imposing it on a common tax base. The GST levied by the Centre on intra-State supply of goods and/or services would is called the Central GST (CGST) and that levied by the States is called the State GST (SGST). Similarly, Integrated GST (IGST) is taxed and managed by the Centre on every inter-state supply of goods and services.

India is a federal country where both the Centre and the States have been assigned the powers to levy and collect taxes through appropriate legislation. Both the levels of Government have distinct responsibilities to perform according to the division of powers prescribed in the Constitution for which they need to raise resources. A dual GST will, therefore, is consistent with the Constitutional prerequisite of fiscal federalism.

The job of a tax consultant holds great importance for every business organization as he or she is responsible to analyze, evaluate and process all the tax-related procedures within the company and helping the company to perform their business activities in a legal manner.

In order to become a professional tax consultant, you first need to acquire comprehensive knowledge and skills in the field and gain momentum and experience, which is only possible by attending quality advanced direct and indirect taxation training.

InteliGenes Technologies offer the most reliable advanced direct and indirect taxation course to a candidate who wishes to pursue a career as a Tax consultant or tax manager.

In this course, the participants are taught about different types of direct and indirect taxes and Goods and Service taxes (GST), where they are levied, and how these are computed in a proper and efficient manner. Our highly effective taxation course is designed with updated course material, real-time training, proficient instructors, and the latest technology to help the students gain deeper prospects of the taxation system.

We encourage the candidates to pursue their careers in the taxation field and build inner confidence to make it big in the industry through our dedicated team of CAs and finest learning environment.

The specially designed industry-focused course is the first step for every accounts professional & freshers who wish to learn the complexities of the Income Tax and Goods and Service Tax system and put it to better use for their business organization. InteliGenes Technologies provides the needed platform to those Learners with our competitive course material and live training.

Our CA Trainers are industry professionals and Sr. Tax Consultants with immense experience in Consulting & Teaching. During the course, the participants will gain knowledge on Income Tax, Goods and Service Tax in great detail along with several acts & laws. We ensure that the participant garners the skills effectively and puts them into practical use confidently when appointed in any industry.

Our Advanced Direct and Indirect Taxation Course can be completed in 1-3 months and involves various other features such as live training sessions from industry experts with projects and assignments, latest study material, and much more. After the completion of the course, we will also provide 100% placement in the industry or certainly help you find a relevant job, although it may not be needed.

Module 1.1 – Basic of GST Overview of Model GST Law
  • Principles
  • Important Definitions. (Section 2)
  • Why GST is Necessary?
  • Impact of GST.
  • Benefits/ Demerits.
  • Different Rates of GST.
  • FAQ
Module 1.2 – GST Migration and Registration under Model GST Law with GST Rules & Formats
  • Migration of Existing Dealer.
  • Registration Structure under GST.
  • Persons are required to be registered.
  • Process of Registration.
  • Amendment in Registration.
  • Cancellation of Registration.
  • Forms for GST Registration
  • GST REG-01- Application.
  • GST REG-02- Acknowledgement.
  • GST REG-06- Certificate.
  • REG-01 to REG-29
  • FAQ
Module 1.3 – Returns Under GST Section (37-48) with GST Rules & Formats 
  • Definition & Important Notes to Return.
  • Types of Returns. (Annual Return, First Return, Regular Return)
  • Notice to Return Defaulters.
  • Levy of Late Fee.
  • Goods and Services Tax Practitioners
  • Various Return Form
  • e. GSTR-I, II ,III
  • FAQ
Module 1.4 – Refunds – Section 54-58 with GST Rules
  • Refund of Tax (Section-54)
  • Refund in Certain Cases (Section-55)
  • Interest on Delayed Refunds (Section-56)
  • Consumer Welfare Fund (Section-57)
  • Utilization of Fund (section-58)
  • FAQ
Module 1.5 – Input Tax Credit – Section 16-21 with GST Rules
  • Eligibility & Conditions for taking ITC (Section-16)
  • Block Credit (Section-17)
  • Availability of Credit in Special Cases (Section-18)
  • ITC for Job Work (Section-19)
  • ITC Distribution by ISD (section-20)
  • FAQ
Module 1.6 – Electronic Commerce in GST – Section 52
  • Definitions
  • Collect of Tax at Source – E-Commerce
  • FAQ
Module 1.7 – Job Work & Composition Levy in GST
  • Special Provision for Job Worker
  • Composition Levy Section 10
  • Quarterly Return for Compounding Taxable Person GSTR-4
  • FAQ
Module 1.8 – Other Topics – with GST Rules & Formats
  • Payment of Tax, Interest, Penalty, and other charges Section 49
  • Interest on delayed payment of tax Section 50
  • Tax Deduction at source Section 51
  • Tax Invoices Section 31
  • Time and Value of Supply Section (12-15) Chapter IV
  • Transitional Provisions Section (139-142) Chapter XX
  • FAQ
Module 1.9 – MODEL IGST LAW
  • Important Definitions. Section 2
  • Determination of Nature of Supply (Section 7-9)
  • Place of Supply of Goods and/or Services (Section 10-14)
  • Zero Rated Supply (Section 16)
  • FAQ
  • Terminology of income tax like P.Y, A.Y, Income, Assess
  • Incidence of income tax
  • Residential status like ROR, RNOR, OR
Module 2.1 – Income Under Various Heads
  • Analytically-Income under head salary computation theoretically& by utility (Allowances,
  • Perquisites, Retirement benefit)
  • Income under head house property
  • Income under head PGBP (corporate exposure) Real-time calculation
  • TAX AUDIT 44AB ONLINE REPORTING 3CA, 3CB, 3CD REAL-TIME FILLING
  • Presumptive taxation u/s 44AB, AD, AE
  • Income under capital gain
  • computation in the utility of CG Income
  • Exemption under 54 to 54H for capital gain
  • Income from other sources
 
Module 2.2 – Deduction from Income
  • Deduction u/s 80c to 80u
Module 2.3 – Assessments 0f Income
  • Assessment of Individual
  • Assessment of Partnership firm
  • Assessment of company
  • Assessment by ITD u/s 143(2), 144, 148, 153
  • MAT
  • AMT
  • RAIDS/Survey
 
Module 2.4 – Various Provisions
  • Clubbing of income
  • Set off and carry forward of losses
  • Returns of Income u/s 139 from ITR-1 to ITR-7 for all assesse
  • Agriculture Income
  • Advance Tax
  • Interest u/s 234A,B,C
  • Illustrations on every topic
  • PPT on topics

 

Why learn Direct & Indirect Taxation

Every organization, no matter the scale, needs to provide a certain amount of tax to the Government for their business purposes. They are also required to attain taxes from their employees and clients in a proper way. And to do this, they hire professionals who have the necessary skills and expertise to execute these operations in an accurate and timely manner.

  • Direct and Indirect Taxation (GST) Training will provide you with a deep knowledge of the Indian taxation system and how to compute different forms of taxes in the right stance.
  • It will help you in your future business ventures where you can save a lot of money by calculating all the taxes on your own.
  • There is a great demand for tax consultants in the business sector, hence you will be able to find a relevant easily.
  • You can also pursue several job titles such as Accounts Manager, Taxation Manager, Sr. Accountant, Accounts Executive, Assistant Accounts Manager, etc.
  • Since there is a huge requirement for the above-mentioned job titles, you will be paid handsomely wherever you go.
  • You can even open your own tax consultancy firm where you can offer your quality and essential services to individuals and corporate.

These are only some of the benefits of learning the Income Tax & GST Course, you can get. Thus, wait for no further and join our prestigious institute immediately. Get training from teachers who have helped thousands of students acquire high-paying jobs in numerous industries. Forge a promising career in the taxation field in any reputed firm within a span of a few months.

Learning Objectives

GST (Goods and Services Tax) in India
Supply under GST
Charge of GST
Exemptions from GST
Place of Supply - Definitions, Sections 10, 11, 12(i), 12(ii), 13
Time of Supply - Definitions, Sections 12, 13, 14
Value of Supply - Definitions, Provisions, Rules
Input Tax Credit - Definitions, Blocked Credits, Apportionment of Blocked Credits
Blocked Credit in Special Circumstances - Section 18
Distribution of Credit by ISD - Sections 20 & 21
Input Tax Credit - Section 16
Registration - Sections 22, 23, 24, 25, 26 to 30, Rules
Tax Invoice - Definitions, Section 31, e-Invoicing, Special Cases
Credit and Debit Notes
Accounts and Records
Electronic Way Bill
Payment of Tax - Definitions, Sections 49, 50
GST Returns
Import and Export under GST
Import of Goods & Services under GST
Registration and ITC in case of Import of Goods and Services
GST Refunds
Job Work
Assessment and Audit of GST
Inspection, Search, Seizure, Arrest
Demands and Recovery - Definitions, Sections 73, 74, 75, 76, 77, 78 to 84
Liability to pay in certain cases
Offences and Penalties under GST - Definitions, Sections 122, 123, 124, 130, 131, 138, Rules
Advance Ruling
Appeals and Revision
TDS and TCS for GST
Miscellaneous Provisions

Target Audience

  • GST & Tax Consultants
  • Chartered Accountants
  • Newbies and Beginners aspiring for a career in Taxation & Audit
  • Auditors and Account Managers
  • Finance Managers & Account Executives
  • Students preparing for CA, CS, CFA exams
  • Finance Directors
  • Project Managers & Supervisors
  • Tax Filing Agents & Companies
  • GST Accountants, Analysts, Consultants
  • Income Tax Commissioners
  • Tax Coordinators & Analysts
  • Account Executives
  • GST Executives
  • Managers & Senior Managers - Indirect Tax (GST) compliance
  • Tally Professionals
  • Sales & Marketing Executives
  • Entrepreneurs and Company Owners
  • Is anyone interested to become a Tax/GST Consultant

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