GST (Good and Service Tax)

Module 1: Introduction to GST

• Understanding the concept of GST
• Advantages and challenges of GST
• Difference between previous tax systems and GST

Module 2: GST Framework and Components

• Overview of GST structure and components
• SGST, CGST, and IGST: Definitions and applicability
• Place of supply and time of supply under GST

Module 3: GST Registration and Returns

• GST registration process and eligibility
• Filing GST returns (GSTR-1, GSTR-3B, etc.)
• GST compliance and penalties

Module 4: Input Tax Credit and Reverse Charge Mechanism

• Understanding input tax credit (ITC) provisions
• Reverse charge mechanism and its implications
• Adjustments and reconciliation of ITC

Module 5: GST Invoicing and E-Way Bill

• GST invoice format and requirements
• Generating and managing e-way bills
• Role of e-way bills in interstate transportation

Module 6: GST Audit and Assessment

• Types of GST audits and their significance
• GST assessment process and authorities
• Maintaining proper records and documentation

Module 7: GST and Business Decisions

• Impact of GST on pricing and costing
• Managing working capital and cash flow under GST
• Optimizing tax benefits and strategies