Indirect Taxes

Concept of Indirect Taxes at a glance : Background; Constitutional powers of

taxation; Indirect taxes in India – An overview;

Pre-GST tax structure and deficiencies; Administration of Indirect Taxation in India;

Existing tax structure.

Basics of Goods and Services Tax ‘GST’: Basics concept and overview of GST;

Constitutional Framework of GST; GST

Model – CGST / IGST / SGST / UTGST;

Taxable Event; Concept of supply including composite and mixed supply; Levy and

collection of CGST and IGST; Composition scheme & Reverse Charge; Exemptions

under GST.

Procedural Compliance under GST: Registration; Tax Invoice, Debit & Credit

Note, Account and Record, Electronic way Bill;

Return, Payment of Tax, Refund Procedures; Audit.

Basic overview on Integrated Goods and Service Tax (IGST), Union Territory

Goods and Service tax (UTGST), and

GST Compensation to States.

Overview of Customs Act: Overview of Customs Law; Levy and collection of

customs duties; Types of Custom duties;

Classification and valuation of import and export goods; Exemption; Officers of

customs; Administration of Customs Law; Import

and Export Procedures; Transportation, and Warehousing; Duty Drawback; Demand

and Recovery; Confiscation of Goods and

Conveyances; Refund.