Duration: 1 MONTH

Course Syllabus

Course Title: Indian Goods and Services Tax (GST)  ( Skill Development )

Course Duration: 1 Month (Part-Time)

Course Objectives:

  1. To provide a comprehensive understanding of the Goods and Services Tax (GST) system in India.
  2. To equip students with the knowledge of GST implementation, registration, and compliance.
  3. To familiarize learners with GST concepts, including liability, exemptions, and composition schemes.
  4. To enable students to calculate GST, understand input tax credit, and handle tax payments.
  5. To prepare students for self-employment opportunities as GST consultants or tax professionals.

Course Overview:

Module 1: Overview of Goods and Services Tax (1 week)

  • Introduction to GST and its significance in India
  • Historical perspective of indirect taxes
  • Key objectives and benefits of GST
  • Comparison with the previous taxation system

Module 2: Implementation of GST (1 week)

  • Phases of GST implementation in India
  • GST Council and its role in decision-making
  • GST Network (GSTN) and its functions
  • GST rates and classification of goods and services

Module 3: Liability of the Tax Payer (1 week)

  • Understanding the concept of a taxable person
  • Different categories of taxpayers
  • Determining the GST liability
  • Transitional provisions under GST

Module 4: Levy of GST and Exemption from Tax (1 week)

  • Overview of GST levy and its applicability
  • Exemptions under GST law
  • Composition scheme for small taxpayers
  • Remission of tax and duty under GST

Module 5: GST Registration (1 week)

  • Introduction to GST registration
  • Registration procedure and documentation
  • Important points to consider during registration
  • Amendments, cancellations, and surrender of GST registration

Module 6: Meaning and Scope of Supply (1 week)

  • Concept of supply in GST
  • Taxable supply vs. non-taxable supply
  • Supplies of goods and services
  • Special transactions and their treatment

Module 7: Time of Supply and Valuation in GST (1 week)

  • Determining the time of supply for goods and services
  • Valuation principles under GST
  • Transaction value and its calculation
  • GST Valuation Rules

Module 8: Payment of GST and TDS/TCS (1 week)

  • Overview of GST payment
  • Timeframes for GST payment
  • Payment procedures, including challan generation
  • Tax Deducted at Source (TDS) and Tax Collected at Source (TCS)

Module 9: Electronic Commerce and Input Tax Credit (1 week)

  • GST implications on e-commerce operations
  • TCS in e-commerce
  • Input Tax Credit (ITC) concept
  • Procedures for availing and utilizing ITC

Module 10: Overview of the IGST Act and Place of Supply (1 week)

  • Understanding the Integrated Goods and Services Tax (IGST)
  • Place of supply rules for goods and services
  • Inter-state and intra-state transactions

Course Teaching Methodology:

  • Interactive lectures and discussions.
  • Case studies and practical examples.
  • Hands-on exercises for GST calculations.
  • Group discussions on complex GST scenarios.
  • Real-life case analysis and problem-solving.
  • Mock GST registration and filing exercises.

Importance for Learners in Career Growth and Self-Employment: This 2-month GST course equips learners with practical knowledge and skills required to navigate the complex world of Indian taxation. Graduates of this course can pursue career opportunities as GST consultants, tax practitioners, or work in finance and accounting roles. Additionally, they can explore self-employment opportunities by offering GST advisory and compliance services to businesses. This course empowers students to become proficient in GST-related matters and build a successful career in the field of taxation.

Note: The course contents can be modified based on specific learner requirements or location preferences. Additional topics or modules can be added to cover advanced concepts or specialized areas in GST taxation.

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