GST & Taxation Training

Faadi Al Rahman
Faadi Al Rahman
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This course provides an in-depth understanding of the Goods and Services Tax (GST) system in India along with practical training on tax compliance and related laws.

Core Modules Covered

  • Introduction to GST:
    Overview of indirect taxation in India, historical background, need for GST reform, constitutional framework, GST model with components like CGST, SGST, IGST, and UTGST, and benefits of GST.

  • Concept of Supply:
    Detailed study of taxable supply including composite and mixed supplies, and classification of taxable vs exempt supplies under GST.

  • Levy and Collection:
    Provisions for levy and collection of GST, including scope and conditions for charging GST, reverse charge mechanism, composition scheme options, and registration process.

  • Place, Time, and Value of Supply:
    Rules to determine the place and time of supply of goods and services for taxation, including valuation guidelines for transactions.

  • Input Tax Credit (ITC):
    Eligibility, utilization, and conditions for claiming ITC on goods and services, and cross-utilization of credits between CGST and SGST.

  • GST Returns and Compliance:
    Practical training on filing GST returns like GSTR-1, GSTR-3B, composition returns, and annual returns. Includes record-keeping requirements, payment of taxes, and filing deadlines.

  • Tax Audits, Assessments, and Penalties:
    Overview of audit procedures, assessment of tax liabilities, penalties for non-compliance, demand and recovery processes, and appeal mechanisms.

  • Other Taxation Components:
    Coverage of other relevant indirect taxes, exemptions, job work provisions, electronic commerce regulations, and GST administration.

Practical Case Studies and Software Training:
Application of GST law to real business scenarios, invoice preparation, GST portal navigation, and training on accounting software like TallyPrime for GST compliance.

Learning Outcomes

Students completing this course will be able to:

  • Understand the GST law framework and tax structure.
  • Calculate GST liabilities and input tax credits accurately.
  • File GST returns efficiently and comply with legal requirements.
  • Navigate GST portal and use technology tools for tax compliance.
  • Advise on composition schemes, reverse charges, and exemptions.
  • Handle audits, assessments, and legal proceedings related to GST.