Indirect Tax-I

An Overview on Goods and Services Tax ‘GST :Introduction; Constitutional Aspects & Administration; GST models; Levy and collection of CGST and IGST; Composition scheme & Reverse Charge, Exemptions.

Supply :Meaning & scope, types of supply (composite/mixed inter/ intra);

Supply: Time, Place and Value of Taxable Supply; Import and Export of Goods or Services under GST, Classification of Goods and Services; Job work provisions, agency contracts, e-commerce & TCS. Input Tax Credit & Computation of GST Liability: Input tax credit; Computation of GST liability

Procedural Compliance under GST: Registration; Tax Invoice, Debit & Credit Note, Account and Record, Electronic way Bill, Payment of Tax, TDS, Returns & Refund, Valuation, Audit & Scrutiny; Assessment.

Assessment, Audit, Scrutiny, Demand and Recovery   

Advance Ruling, Appeals and Revision

Inspection, search, seizure, offences &penalties.

GST practitioners, authorized representative, professional opportunities

Industry/ Sector specific analysis  

Integrated Goods and Services Tax (IGST) :

Introduction, Need for IGST ,Nature of Supply , Place of Supply , Refund of Integrated Tax to International Tourist, Zero Rated Supply.

Union Territory Goods and Services Tax (UTGST) :

Introduction, Fundamental difference between States and Union Territory One Nation One Tax Article, Illustrations on levy of tax.

GST Compensation to States:

Introduction ,Levy and Collection of Cess , Returns, Payments and Refunds , Input Tax Credit of Cess Paid , Compensation Cess on Goods Exported, Establishment of GST Compensation Fund, Provisions regarding Compensation Payable to States.