Course Title: Indian Goods and Services Tax (GST)
( Skill Development )
Course Duration: 1 Month (Part-Time)
Course Objectives:
To provide a comprehensive understanding of the Goods and Services Tax (GST) system in India.
To equip students with the knowledge of GST implementation, registration, and compliance.
To familiarize learners with GST concepts, including liability, exemptions, and composition schemes.
To enable students to calculate GST, understand input tax credit, and handle tax payments.
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.
Course Title: Indian Goods and Services Tax (GST)
( Skill Development )
Course Duration: 1 Month (Part-Time)
Course Objectives:
To provide a comprehensive understanding of the Goods and Services Tax (GST) system in India.
To equip students with the knowledge of GST implementation, registration, and compliance.
To familiarize learners with GST concepts, including liability, exemptions, and composition schemes.
To enable students to calculate GST, understand input tax credit, and handle tax payments.
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.
