Indirect Tax Laws and International Taxation

Overview of GST- introduction, challenges of previous tax structure. Models and history of GST. GST Council and framework of GST.

Introduction to SGST,GST (Compensation to states) Act, 2017, CGST.

SUPPLY – Concept of Supply, Composite and Mixed Supply, Composition levy

CGST-Time and value of supply in case of goods and services. Input tax credit, job work.

Introduction to IGST- Nature and place of supply.

Introduction to Union territory GST.

Other procedures

Accounts and records, tax invoice, debit and credit note.

Registration, returns, payment, refund and assessment.

Audit procedures, inspection, search seizure and arrangement.

Basic Concepts of International Taxation

Residency Issues; Source of Income; Tax Havens; Withholding Tax, Unilateral Relief and Double Taxation Avoidance Agreements Controlled Foreign Corporation, Advance Rulings and Tax Planning, Authority for Advance Rulings

Transfer Pricing

Concepts, Meaning of International Transactions Computation of Arm's Length Price & Methods Documentation and Procedural Aspects

General Anti Avoidance Rules (GAAR)