Basics of GST : A Comphrehensive Study

Gain insight into Theoretical as well as Practical angle of GST from this course based on CA Intermediate Syllabus

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Note: Please check course curriculum before purchasing, as the contents are added gradually only. Satisfy yourself about the video lectures added so far and ensure it meets your requirement.
Welcome to this course Basics of GST in India A Comprehensive Study.
India had its one of the major tax reforms since its independence. Yes! That's Goods and Services Tax (GST) implemented with effect from 1st July 2017. GST is the value added tax levied on Manufacture, Sale and Consumption of Goods and Services. Almost every business units taxable under GST are affected. There is a wide knowledge gap and i am sure this course will help you to fill that gap.
In this course you will learn,
a) Background of GST in India
b) What are Direct and Indirect Taxes
c) Framework of GST Introduced in India
d) Benefits of GST
e) What is Supply under GST?
f) Charge of GST
g) Exemptions from GST
h) Time and Value of Supply
i) Input Tax Credit
j) Registration under GST
k) Tax Invoices
l) Debit and Credit Note
m) Payment of Tax
n) Returns
All the above concepts will taught with sufficient practical examples.
This course has been structured in self paced learning style. Listen to this course with your headsets attached to your device and if possible make note of key provisions and points in note book for effective revision.
See you inside the course.

Course Curriculum

GST in India An Introduction
Features of Indirect Taxes
Genesis of GST in India
Concept of GST
Dual GST and CGST / SGST / UTGST / IGST
Legislative Framework for GST
Classification of Goods and Services HSN Code
Registration
Manner of utilisation of Input Tax Credit
Seamless flow of Credit
GST Common Portal
GSP / ASP in GST
What is GST Compensation Cess?
Goods not subjected to GST
Taxes subsumed in GST
Composition Scheme
Exemptions
Benefits of GST
Example for Intra State Supply
Example for Inter State Supply
Constitutional Provisions
Article 265 & Article 245
Seventh Schedule to Article 246
Article 269A Levy and Collection of GST on Inter State Supply
Definition of Goods and Service Tax, Services, State and Goods under Article 366
GST Council Article 279A
Registration under Indirect Tax Regime
GST Registration - An Intro
Definition of Agent and Place of Business
Definition of Agriculturist and Exempt Supply
Definition of Business
Defintion of Fixed Establishment
Persons liable for Registration
Analysis of Aggregagte Turnover
Simple Case Studies based on Aggregate Turnover
Analysis of Section 22 Persons liable for Registration
Compulsory Registration in certain cases Sec 24
Taxable Person
Persons not liable for registration
Procedure for GST Registration Sec 25
Deemed Registration Sec 26
Special Provisions for Casual Taxable Person and Non Resident Taxable Person
Analysis of Registration
Analysis of Voluntary Registration
Analysis of Distinct Persons / Establishment of Disticnt Persons
PAN & UIN in GST
Suo motu registration by Proper Officer (Sec 25(8) read with Rule 16)
Analysis of Procedure for Registration
Application for registration by SEZ
GST Registration Procedure Diagram
Information required while filing application for registration
Physical Verification of Business Premises after Grant of Registration
Display of Registration Certificate & GSTIN on Name Board
Effective Date of Registration
Special Provisions for Grant of Registration - Casual Taxable Person and Non Res
Amendment of Registration Sec 28
Analysis of Provisions relating to Amendment of Registration
Permission of Proper Officer for Amendment in Registration
Flow of Request & Approval for Change in GST Registration
Cancellation of Registration Sec 29
Recovation of Cancellation of Registration Sec 30
Analysis of Circumstances when GST Registration is liable for cancellation
Analysis of Procedure for Cancellation of Registration
Analayis of Reversal of Credit
Other critical points in Cancellation
Analysis of Recovation of Cancellation of Registration
Introduction to Supply under GSt
Defintion of Goods wrt GST
Defintion of Agent wrt GST
Defintion of Business wrt GST
Defintion of Principal and Consideration wrt GST
Defintion of Actionable Claim wrt GST
Defintion of Manufacture wrt GST
Definition of Money wrt GST
Defintion of Person wrt GST
Statutory Provisions related to Concept of Supply
Meaning and Scope of Supply as per Section 7
Supply for consideration in courser of furtherance of business (Sec 7(1)(a)
Sale and Transfer as Mode of Supply
Barter and Exchange as Mode of Supply
License, Lease, Rental as Mode of Supply
Consideration
In Course of Furtherance of Business
Supply by a Taxable Person in GST
Importation of Services for consideration whether or not in course or furtherance
Deemed Supply (Supply without consideration Sec 7(1)(c)
Permanent Transfer / Disposal of Business Assets
Supply between related person or distinct persons
Gifts by Employer to Employee and its GST Impact
Supply between Principal and Agent and impact on GST
Importation of Services and its impact on GST
Activities to be treated as supply of goods or services (Sec 7(1)(d)
Transfer - Supply of Service / Goods under GST?
Land and Building lease / rental - Supply of Service / Goods under GST?
Treatment or Process - Supply of Service / Goods under GST?
Transfer of Business Assets - Supply of Service / Goods under GST?
Renting of Immoveble Property, Constrution - Supply of Service / Goods under GST
IPR & IT Software - Supply of Service / Goods under GST?
Agreeing to Obligation & Transfer of Right to Use - Supply of Service / Goods un
Composite Supplies - Supply of Service / Goods under GST?
Supply of Goods by Unincorporated Association / Body of Persons - Supply of Serv
Tax Liability on Composite & Mixed Supplies
Analysis of Composite & Mixed Supply
What is Composite Supply and how to determine Tax Liability?
Mixed Supply and its Tax Treatmentl
Introduction to Invoices under GST Regime
Defintion of Credit Note, Debit Note & Continuous Supply of Goods & Services
Defintion of Document & Exempt Supply
Preamble of Section 31 Tax Invoice
When to Invoice Supply of taxable goods in GST?
When to Invoice Supply of taxable services in GST?
When to Invoice Continous Supply of Goods in GST?
When to Invoice Continous Suppy of Services in GST?
When to Invoice if supply of service ceases before completion of supply?
When to Invoice if Goods are sent / taken on approval for Sale or Return?
Time limit for issuance of Revised Invoice from Effective Date of Registration
Whether Tax Invoice required for supply less than Rs.200?
Invoice Provisions relevant for person paying Tax under Section 10?
What are the documents to be issued when advance received / advance recevied ser
Provisions regarding issuance of Invoice / Payment Voucher for supply received f
Analyis of Tax Invoice
Analysis of Time limit for Issuance of GST Invoice by Registered Person supplyin
Analysis of Time limit for Issuance of GST Invoice by Registered Person supplyin
Time limit for issuance of Invoice for Taxable Services between Distinct Persons
Examples for Time limit for Issue of Invoice
Particulars of GST Tax Invoice
Who should mention HSN Code and how it should be numbered?
Manner of Issuing GST Invoice
Revised Tax Invoice under GST
When Tax Invoice need not be issued under GST?
When Consolidated Invoice can be issued under GST?
What is Bill of Supply in GST?
What is Receipt Voucher in GST?
What is Refund Vouhcer in GST?
Issue of Invoice and Payment Voucher by Recipient under Reverse Charge Mechanism
Supplier permitted to issue any document other than Tax invoice
Delivery challan
Goods transported in SKD/CKD condition
Credit note
Debit Note
Introduction to Levy & collection of GST
Composition Levy
Case 1 Composition Levy
Case 2 Composition Levy
Case 3 Composition Levy
Case 4 Composition Levy
Case 5 Composition Levy
Conditions & Restrictions for composition Levy
Intimation for composition Levy & Effective Date
Case study - Effective Date of Registration for Composition Levy
Composition Rate of Tax
Validity of Composition Levy
Filing of Return under composition Levy
Various forms for composition levy
Power to Grant Exemption from Tax
Exampt Supply
Case 6 composition Levy
Case 7 composition Levy
Absolute, Conditional & Eremption by Special order
Goods & services exemted from GST
Case study on GST liability
list of service exempt from IGST
Services received by NGo & its taxability
Tax ability of NGO Case study
Taxability on services by way of Transfer of going conern
Taxability of services provided in relation to fuction entrusted to panchayat/ m
list of services specifically exempted
case study 1 Exempted services
Case study 2 Exempted Services
Case 3 Exempted supply
GST on penalty?
Exemption for Pure Labour Services for Housing Scheme
Exemption for construction (single residence) and renting of residence
Taxability of Renting of Residential House
Taxability of Religious / Charitable Activities
Case 1 Taxability of Religious / Charitable Activities
Case 2 Taxability of Religious / Charitable Activities
Taxability of Services provided by Hotels, Inn, Guest House, Club, Camp Site, et
GST Liability computation for last problem
Accounts & Records Part 1
Accounts & Records Rule 56 (1) (2) & (3)
Accounts & Records Under Rule 56(4)
Accounts & Records Under Rule 56(5)
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Accounts & Records Under Rule 56(6) & (7)
Accounts & Records Under Rule 56(8)
Accounts & Records Under Rule 56(11)
Accounts & Records Under Rule 56(12) & (13)
Accounts & Records Under Rule 56(14)
Accounts & Records Under Rule 56(15) & (16)
Accounts & Records Under Rule 56(17) & (18)
Compulsory Audit under GST
Period for Retention of Accounts
Introduction to Input Tax Credit
Defintion of Input, Input Service, Input Tax & Input Credit
Overview of Input Tax Credit
Eligibility to avail Input Tax Credit
Step by step approach of flow of Input Tax Credit
Utilisation of Input Tax Credit
Computaton of Tax Liability after GST Set Off
Conditions for taking Input Tax Credit
Depreciation claimed on Tax Component - ITC Not available
Time limit available for claiming ITC
Tax Invoice / Debit Note for claiming ITC
Case Study - No ITC on tax paid under demand on account of fraud / wilful misstatement / suppression of facts
No ITC on Advance Payments
Case Study - ITC on Goods received in Installments
Case Study - ITC on tax paid under demand on account of fraud
Return u/s 39 must for claiming ITC
Reversal of Input Tax Credit - Explanation & Case Study
Case Study - ITC Claim Date
Apportionment of Input Tax Credit
Methodology of Apportionment of Credits on Inputs & Input Services & Reversal
Introduction to Audit under GST
Audit by Chartered Accountant or cost Accountant
Audit by Tax Authorities (GST)
Special Audit under GST
author

CA N Raja Natarajan

Instructor

I am a Chartered Accountant with tonnes of passion for teaching.

I teach Financial Management & Strategic Financial Management for Chartered Accountancy, Cost and Management Accountancy and Company Secretary students in Ernakulam, India. I also hold Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune and Bachelors in Commerce, from Loyola College, Chennai.

I worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which i started my Chartered Accountancy Practice. During the stint in State Bank of India, I worked on credit proposals of Mid Corporate Units and gained good experience in Financial Analysis, Risk Assessment, Viability Study, Evaluating business models, Project Finance, Working Capital Management, etc.

I conduct work shops for Entrepreneurs, Chartered Accountancy / Cost and Management Accountancy Students on the topics like Project Finance, Credit Risk Assessment, Entrepreneurship Development, Finance for Non Finance Executives, etc.

I love teaching and i want fundamentals of accounting and finance to reach students and so i am here.